OPEN-SOURCE SCRIPT
High-Low Breakout strategy
This is the candle pattern where the high is taken and the low liquidity is also taken of the previous candle. This then sets the market for either a bullish run or bearish, usually you see this kind of candle in a new breakout. Set previous candle lookback to 1. Best on 3 minutes time frame but will give very good signal on 1hr, even 4hr candles. Is designed for the nasdaq but can also be used in Gold. Do your backtest to verify alerts before you use it.
Script de código aberto
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