LuxTradeVenture

Intraday Candle Finder (Works on all Markets!!!)

Todays scripts is for the INTRADAY Traders who would use a timeframe setup like (3m,5m,10,15m)

This script is a candle filter for Pulllbacks, Rally Candle, Hammers.

Ive added a new condition = RSI Overbought for the Rally Candle and Oversold for the Pullback to eliminate weak candles.

Also there is a ema filter if you want to only use the pullbacks above '50ema' etc...

Rules
1) Price action must be in place before we look for the signals
2) Trade in high probably areas such as Demand and Supply zones /// Support and Resistance zones
3) Dont trade Pullbacks when sentiment is Bearish
4) Dont trade Rallys when sentiment is Bullish

Pullback candle on INTRADAY TIMEFRAME

This was taken from ADA/USDT 31/05/2022 (Recent)

10M chart

Forex Example

Rally Candle on INTRADAY TIMEFRAME

This was taken from AXS/USDT 31/05/2022 (Recent)

Forex Example

How to trade this candles.

Stop loss = ATR *1 minimum
Take Profit = RR of either 4/5 when the market is trending // When the market is ranging - look to key levels for take profit

Im open to ideas to improve this script for the INTRADAY Traders as I'm more of a Swing Trader

If you enjoy this script please leave a like and comment as your support is much appreciated.

Script protegido
Este script se publica con código cerrado, pero puede utilizarlo libremente. Márquelo como favorito y podrá usarlo en un gráfico. El código fuente no se puede ver ni modificar.
Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.

¿Quiere utilizar este script en un gráfico?