SpiceIn the chart photo is a description for each shape and letter, saying what each one is.
BB, Reversals are off by default.
BB + Reversals + Next bar confirmation - The way this should be used is by waiting for a 1 or 2 bar confirmation closed above/below the high/low of the Reversal candle. So if its a Top R, a yellow box will print as a confirmed 1 bar if it closed below the top R's low, then you can wait for the second bar to close also below the Top R's low. Vice versa with the Bot R.
RSI arrows - Essentially showing you when the multi time frame RSIs are coming back up above 30, or below 70. Respective to what time frames you have selected.
Three Line Strike - A trend continuation candlestick pattern consisting of four candles
Leledc Exhaustion suggest the trend may be reversing. Combined with the moving average as a trend filter, the indicator can signal the end of a pull back and the continuation of the trend.
EMAs - Help measuring the trend direction over a period of time.
Credit to all these amazing creators -
Multi Timeframe RSI (LTF) by @millerrh
3 Line Strike by @Lij_MC 'MarketVision A'
Leledc Exhaustion by @glaz, used updated version by @Joy_Bangla
If anyone uses the BB reversals source code to put into their own indicator/strategy, you are free to do so. Just send me a message I'd love to see your work with it! :)
Thanks to Lij_MC's MarketVision A indicator for inspiring me to add more features. At first it was just the RSI Arrows and the BB reversals candles + Condition but then I found MarketVision A and loved the extra Leledc and 3 Line Strike features.
Hope you enjoy this Spice!
No Signal is 100% correct at what it's trying to do. Use caution when trading!
Practice Risk Management.
3linestrike
Interactive trendline - Proximity Doji & 3LSThis script was developed with Blockhead305 (seriously talented) and uses 1) the Three Line Strike from The Moving Average as well as 2) an original doji script written for me and 3) the Interactive Trendline as developed by Blockhead305. The basic premise is that should a doji or Three Line Strike occur within a customizable ATR distance from your trendline, an on-chart notification will appear or you could set an alarm to warn you if this has happened.
How to set this up:
Step 1 - Find a a trend
Step 2 - Identify the candles that touches the trendline
Step 3 - Click on the indicator
Step 4 - Set the X1 and Y1 coordinates for the start of the trend
Step 5 - Set the X2 and Y2 coordinates for the last relevant candle of the trend
Step 6 - Write the number in the yellow box down (in this case 880)
Step 7 - Open the settings of the indicator
Enter the number from the yellow box into the box titled "Run" - Press "OK"
Step 8 - Chart should/could now show Buy/Sell Signals for the Dojis and/or Bullish or Bearish Three Line Strikes
Notes
1. If your trendline is bearish (X1/Y1 is higher than X2/Y2) only bearish signals will appear and vice versa
2. You can change the ATR multiples from trendline in the settings - I prefer 2 (which is also the default)
3. You can toggle Big Engulfing and/or Three Line Strike on or off (exact functionality as per The Moving Average functionality)
4. You can construct the type of doji you would like to see at the bottom of the settings screen - I prefer the following settings:
Dominant Wick Multiple - 2
Recessive Wick Multiple - 2
Body Multiple - 5
5. I place my SL above last high (shorts) or last low (longs) but could also use the trendline for this
6. I use TP with RRR off 1:2 but much more is obviously possible.
7. ONLY ONE INTERACTIVE TRENDLINE CAN BE USED ON THE SAME CHART
8. THE NUMBER IN THE YELLOW BOX IS RELEVANT TO THE TIMEFRAME THAT THE TRENDLINE WAS CREATED ON. IF YOU CHANGE
TIMEFRAMES IT WILL NOT WORK
Happy to receive constructive criticism and/or suggestions for improvements on the settings.
