OPEN-SOURCE SCRIPT
Rally HTF Candle (Candlestick Analysis) Guaranteed Winners

Rally Candle will signal when price is at the end of a Rally to the upside and thus entering a balance phase in the market (works on all markets)
This candle works very efficient when the market is either trending downwards or in range markets where price is at resistance. (i would avoid in uptrends but depends on the trader)
Also we can expect this candle to form when price is overextended as the theory of this script is when there is a turning point in momentum - this candle will appear and we can look long from this signal.
This candle will only work in Swing High areas and appear when below an moving average which can be changed in the settings.
This candle will work only work pn the HTF as it provides very good rexpectancy whereas the LTF has a slightly less expectancy (i will be publishing an intraday Rally candle)
This candle can be alerted to signal the Rally Candle when the bar is confirmed and not during.
The way i trade this candle is
1) Candle signal must be in probably area to increase efficiency.
2) Enter on the second candle after candle IS CONFIRMED
3) Set stop loss below Rally Candle or use ATR value
4) Trade with the trend ie only Bearish price action
5) This candle can catch extreme points in the market ie this candle projected when ETH hit aths $4841
6) Trading with a confluence along with the Rally is better than solely trading this candle
Please leave a comment.
If we get to 100 likes i will publish the script.
This candle works very efficient when the market is either trending downwards or in range markets where price is at resistance. (i would avoid in uptrends but depends on the trader)
Also we can expect this candle to form when price is overextended as the theory of this script is when there is a turning point in momentum - this candle will appear and we can look long from this signal.
This candle will only work in Swing High areas and appear when below an moving average which can be changed in the settings.
This candle will work only work pn the HTF as it provides very good rexpectancy whereas the LTF has a slightly less expectancy (i will be publishing an intraday Rally candle)
This candle can be alerted to signal the Rally Candle when the bar is confirmed and not during.
The way i trade this candle is
1) Candle signal must be in probably area to increase efficiency.
2) Enter on the second candle after candle IS CONFIRMED
3) Set stop loss below Rally Candle or use ATR value
4) Trade with the trend ie only Bearish price action
5) This candle can catch extreme points in the market ie this candle projected when ETH hit aths $4841
6) Trading with a confluence along with the Rally is better than solely trading this candle
Please leave a comment.
If we get to 100 likes i will publish the script.
오픈 소스 스크립트
진정한 트레이딩뷰 정신에 따라 이 스크립트 작성자는 트레이더가 기능을 검토하고 검증할 수 있도록 오픈소스로 공개했습니다. 작성자에게 찬사를 보냅니다! 무료로 사용할 수 있지만 코드를 다시 게시할 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
오픈 소스 스크립트
진정한 트레이딩뷰 정신에 따라 이 스크립트 작성자는 트레이더가 기능을 검토하고 검증할 수 있도록 오픈소스로 공개했습니다. 작성자에게 찬사를 보냅니다! 무료로 사용할 수 있지만 코드를 다시 게시할 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.