Help! Simple indicator/signal | Forex Factory

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Help! Simple indicator/signal

  • #1
  • First Post: Sep 12, 2022 4:41am Sep 12, 2022 4:41am
Hello, is it possible for you guys to help me to create an indicator/signal for the following:

Timeframe: 5 mins

FOR BUY
-a "green" candle will close above the high of a previous "red" candle

FOR SELL
-a "red candle" will close below the low of a previous "green" candle

Kindly help. Let me know if you need any clarifications.

Thanks a lot!
  • #2
  • Sep 12, 2022 4:52am Sep 12, 2022 4:52am
Quoting Karlorenz14
Hello, is it possible for you guys to help me to create an indicator/signal for the following: Timeframe: 5 mins FOR BUY -a "green" candle will close above the high of a previous "red" candle FOR SELL -a "red candle" will close below the low of a previous "green" candle Kindly help. Let me know if you need any clarifications. Thanks a lot!
Search for Engulfing Candle Indicator, loads of them around
It never gets easier, you just get better
  • #3
  • Sep 12, 2022 5:34am Sep 12, 2022 5:34am
Something like this. For buy, the previous candle should be red and the close of the 2nd candle should be higher to the top of the previous candle.

Opposite goes to shorting.
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  • #4
  • Sep 12, 2022 5:55am Sep 12, 2022 5:55am
Heeeelp.
  • #5
  • Sep 12, 2022 5:59am Sep 12, 2022 5:59am
Quoting Karlorenz14
Heeeelp.
All Free

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It never gets easier, you just get better
  • #6
  • Last Post: Sep 13, 2022 3:20am Sep 13, 2022 3:20am
Check this thread

https://www.forexfactory.com/thread/...1#post14130211

The 4-Bar Fractal is a continuation signal based on the candle close

But with no color prejudice

Good Luck
It takes a lot for me to IGNORE you, but you can try.
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