Single Candle Entry with Multi-Timeframe [Wang Indicators]

Single candle entry

Overview : The "Single Candle Entry Model" indicator is designed to help traders through a simple yet effective trading strategy. This indicator automatically detects candles that encompass both the high and low of the previous candle, creating key price zones for potential market entries.

- This indicator was developed with the help of DaveTeaches -

How does it works ?

Detects when a candle trade above the high and below the low of the previous candle
When it occur, the indicator write "SCE" on the candle
The text will be in different color if its bearish or bullish (customizable by user)

Higher Timeframes

Users can enable up to 3 HTF SCE detection to enhance multi timeframe analysis.
Users can select which timeframe he want to use
Boxes will be displayed around High time frame SCE to highlight the HTF candle.
As regular SCE, the indicator will write "SCE" above or under the box

How does it helps users ?

Once the SCE is created, it can be used as a zone.
Levels (30, 50 and 70%) are displayed
Users can customize their apparence as they see fit
The 30 - 50 - 70 levels are support/resistance that the price tend to bounce of off
You might find some success looking for an entry inside the zone at a level if price gives further confirmations such as a lower time frame flip or using other indicators
Alert can be setup on any timeframe

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