ymehta50

NIMBLR F2F Momentum & Indecisive Candle Finder

604 vizualizações
40
Indicator based on strategy shared by Nimblr in Elearnmarket Face to face interview
Red Circle means "Indecision" (I)
Green Plus means "Momentum" (M)
Notas de Lançamento: There are only possibilities for this either the candle will be indecision or momentum.
So removed indecision filter
Also removed naming to make charts more clean.
Notas de Lançamento: Indecision candle is defined as (open-close) < 0.15*(high-low)
And that candle is marked with red circle and 'I'
Notas de Lançamento: Now a user can defined percentage of Momentum and Indecision Candle. Default value of Momentum candle is 50% of (high-low) and for indecision candle is 15% of (high-low).

User can set any percentage value now.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Quer usar esse script no gráfico?

Comentários

Indecision is <50% of candle height to body height
+8 Resposta
ymehta50 akshi215
@akshi215, yes
Resposta
Sir Can u also Code for tiny indecision Candle Please?
Resposta
@mi37, if its not momentum candle then its indecision candle
Resposta
krsna ymehta50
@ymehta50, Tiny indecision candle is indecision candle and also satisfies (H-L)/OPEN*100 < .15%.
Resposta
@krsna, Abv code takes case of both. For indecision there is no marking, and if it is Tiny ( ofcourse Indecision) it is marked by I
Resposta
@mi37, For indecision there is no marking, and if it is Tiny ( ofcourse Indecision) it is marked by I
Resposta
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