PROTECTED SOURCE SCRIPT
POWER OF STOCK'S 5 EMA BUY / SELL
Updated
Indicator is based mainly on two conditions :
1. Previous candle should not touch 5 EMA.
2. Current candle should close “ABOVE/BELOW” 5 EMA.
Features -
* Buy candle is represented by Aqua Color
* Sell candle is represented by Fuchsia Color
* You can set Risk: Reward ratio. ( Default = 1:2)
* It also shows label for Entry, Stop Loss & Target.
* Suggested timeframe 15 Minutes for intraday.
* Use closing basis Stop loss.
1. Previous candle should not touch 5 EMA.
2. Current candle should close “ABOVE/BELOW” 5 EMA.
Features -
* Buy candle is represented by Aqua Color
* Sell candle is represented by Fuchsia Color
* You can set Risk: Reward ratio. ( Default = 1:2)
* It also shows label for Entry, Stop Loss & Target.
* Suggested timeframe 15 Minutes for intraday.
* Use closing basis Stop loss.
Release Notes
Added option to check previous signals, which will help to back test.Untick "Delete Previous Buy/Sell Signals" from settings to see all previous signals.
Release Notes
Code added for alert candle trade.Release Notes
Bar color & Label color are editable now. ( Both will have same color)Release Notes
Buy Sell signal only generated when alert candle high/low breaks.Release Notes
Small change.Release Notes
Buy Sell mark below/above candle.Bar color only for high/low breaching candle.
Release Notes
Color Bug Fix.Release Notes
What's new ---Now we will have 3 options to trade with this script.
1) 5EMA + BB Strategy
2) 5 EMA Buy/Sell(Trade With 5 EMA Reversal Confirmation)
3) Alert Candle Buy/Sell (Trade Without Reversal Confirmation)
Updates --
A) 5EMA + BB Strategy
- When we combine "5EMA + BB", It will eliminate many false signals. Which will improve our accuracy while trading.
- In BB value of standard deviation is set to 1.5
B) Option provided to unable/disable bar color for entry candle.
Release Notes
Small Bug Fix.Release Notes
Calculation error updated.Release Notes
New -1. Added extra condition for trading with POS alert candle. While generating signals it will now consider RSI value also. It is made available separately(4'th option). You can also change respective RSI values as per your requirement.
2. Table is added which will shown RSI value.
Release Notes
New Update Contains :1] Daily VWAP
2] CPR – Daily & Tomorrow.
3] Virgin CPR ( Supported Timeframes : 1,3,5,10,15,25,30,60,75 )
4] HIGH/LOWS:
a) Previous Day/ Week / Month
b) Current Day/ Week / Month
c) ATH/ATL/52 Week High/Low
Release Notes
Added option to change colors for BB Basis, Upper & Lower.Added Weekly VWAP.
Removed EMA Segment as there is already 20 SMA & 5 EMA is present.
Release Notes
1] Updated Virgin CPR-VCPR will remain present throughout the day even if touched.
2] Alerts-
Alerts are available for use. It can be used for all 4 strategy.
Disclaimer
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