General Trading Chat

Bullish analysts busy in painting bullish pictures...bearish predicting ghanghor mandi adead...truth is no one knows what will the market do in future.

Smart_trade
billion dollar thought. but some one said i m neither a bull nor a bear, i m a trader.
 
Bullish analysts busy in painting bullish pictures...bearish predicting ghanghor mandi adead...truth is no one knows what will the market do in future.

Smart_trade​
This is true: No one knows for sure what market next will do. Still: Some pattern can help a bit to guess a direction for an entry trade. This always in conjunction with price action or other tools which even you are using and in which are also patterns who paint from time to time on the chart.​
 
Box 2timeframe.


_SECTION_BEGIN("Box Afl 2TF");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
Plot( C, "Close", ParamColor("Color", colorYellow), styleNoTitle | ParamStyle("Style") | GetPriceStyle() );
x=Param("Timeframe",5,1,1440,1);
TimeFrameSet(x*in1Minute);
box=(Ref(C,0)>=Ref(O,-3) AND Ref(C,0)<=Ref(C,-3) AND Ref(C,-1)>=Ref(O,-3) AND Ref(C,-1)<=Ref(C,-3) AND Ref(C,-2)>=Ref(O,-3) AND Ref(C,-2)<=Ref(C,-3)) OR (Ref(C,0)<=Ref(O,-3) AND Ref(C,0)>=Ref(C,-3) AND Ref(C,-1)<=Ref(O,-3) AND Ref(C,-1)>=Ref(C,-3) AND Ref(C,-2)<=Ref(O,-3) AND Ref(C,-2)>=Ref(C,-3));
e1=ValueWhen(box,Ref(C,-3));
e2=ValueWhen(box,Ref(O,-3));
e3=MA( C, 21 );
TimeFrameRestore();

e1=TimeFrameExpand(e1,x*in1Minute,expandLast);
e2=TimeFrameExpand(e2,x*in1Minute,expandLast);
e3=TimeFrameExpand(e3,x*in1Minute,expandLast);
e3=MA(e3,10);
PlotOHLC(e1,e1,e2,e2,"",IIf(e1>e2,colorPaleGreen,colorLightOrange),styleCloud | styleNoLabel,0,0,0,-2);
Plot(e1,"",colorBlack,styleLine,0,0,0,0);
Plot(e2,"",colorBlack,styleLine,0,0,0,0);
Plot( e3, "",IIf(e3>Ref(e3,-1),colorGreen,IIf(e3<Ref(e3,-1),colorOrange,colorYellow)),styleThick );


_SECTION_END();
 

Similar threads