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Spartan

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The Spartan Strategy.

This is a momentum strategy which attempts to identify when buying pressure or selling pressure is present in the markets.

How to trade the long side:
Once a blue candle appears, enter Long on pullbacks into a blue candle for longs
Place your stop loss on the opposite side of the blue candle.
Target a previous high for longs
How to trade the short side:
Once a red candle appears, enter Short on pullbacks into a red candle for shorts
Place your stop on the opposite side of the red candle.
Target a previous low for shorts
Notas de prensa
Adds strong buy and sell zones to script.
Notas de prensa
Removes red line from chart image.
Notas de prensa
Adds the following features:
Support and Resistance levels shown as:
  • Previous Day Highs/Lows
  • Previous Week Highs/Lows
  • Previous Month Highs/Lows
Notas de prensa
Removes daily / weekly / monthly levels as it makes chart too congested.
Notas de prensa
Assigns grades to strong buying and strong selling pressure.

A blue candle combined with a blue circle = High Strength Buying Pressure.
A blue candle combined with a orange circle = Medium Strength Buying Pressure.
A blue candle combined with a yellow circle = Low Strength Buying Pressure.

A red candle combined with a red circle = High Strength Selling Pressure.
A red candle combined with a orange circle = Medium Strength Selling Pressure.
A red candle combined with a yellow circle = Low Strength Selling Pressure.
Notas de prensa
Removed colors

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