TradingView
rmwaddelljr
11 Jun 2015 pukul 13.11

Candlestick Patterns With EMA and Stochastic 

SPDR S&P 500 ETF TRUSTArca

Deskripsi

6/11/15, Corrected barcolor errors.

Candlestick patterns identified and color coded according to position above or below 8EMA(TLine).
Special thanks to repo32, DavidR, and Chris Moody for coding ideas.

Bullish candlestick buy signals have a greater probability of success when Stochastics are oversold. Bearish ones have a
greater probability of success when overbought. Stack as many factors in your favor as possible. A candlestick signal by itself is of little value unless you apply additional information with it. An 8 EMA is coded also to help with buy/sell signals. Some of the videos by Steven Bigalow are on the Web to see how he uses it.
youtube.com/watch?v=QpVbDVZHab0
Regardless of systems and strategies used, make your second trade first: Know when you're going to exit. Risk management rules. Good luck and good trading.
Komentar
sjcwealth
Thanks for sharing this. What does the yellow candle mean?
C-Stax
@sjcwealth, DId you figure out what the yellow candle means? I'm trying to figure that out too, as well as the purple candle
Panda-Sensei
@C-Stax, By chance did you figured out what those yellow and purple candles are.?
Sanbach
How I can get alert from this patterns great scrip ?.
Thanks
ARROW888
Hi RMwaddelljnr,Im new to trading view and ive been trying to create a script that shows a buy signal when there are 2 consecutive bars above the 8ema and a sell signal when there are 2 consecutive bars below the 8ema when when i came across this gem. Your script has everything and more. Is there an easy way to change this script to show the buy signal after 2 days above the 8 ema and a sell signal after 2 days below the 8 ema?

Looking forward to your response.

Regards Warrick
Australia
HisNomad
Thanks a lot
laxman4jc
Yellow and purple candle?
benjidu04180
great man thx !
Lebih lanjut