NEW Candles Formation Trading -Petar Formation
Hi,
Add filter a the Chart: NonLagMAv_7.1 and NLMA_MTF4.
1) If signal direction is equal to NonLagMA Direction then Good Signal.
or
2) if Signal are BUY and NLMA_MTF have 3 box Green then Good Signal
The Vertical Line Green shows Good Confirmed Signal
Ducke
Ducke, please be aware that the mtf indi can repaint. Plus, sometimes these formations are marking a turning point, maybe start of new trend - the indi will lag this.
Thanks for your work.
Pardy
Nice work Dezil,
See you figured out the mistake on the 50% think
I corrected this myself yesterday and think it works perfectly now.
With the last improvement you are making now (< , <= ) I think it fullfilles all the rules.
I did also take the arrow out (by just changing the color).
But design is always the second step and everyone may have different preferences there. Not sure how much work it is in coding, but if it is a quick thing you might consider to add a parameter (Show arrow , yes/no)
? 
many great threads on ff died when peoples stepped in with endless discussions about indicators, eas and so on. i hope that this thread will be mainly about candlestick formations...
Petar, thanks for all your hard work on both identifying the candle formation and on this thread. AFter reading through it several times, I must admit to being a little confused. Please do not take offense, but perhaps Turner or someone who is an english speaker could just write out the rules as they stand now, not for the indicator, but for the formation set up. Or, perhaps there is a post that has that information already and is approved by Petar, but I missed it. Thanks to all and good trading.
Petar and everyone who is interested. Here is latest modification of my indi.
Now it has option for showing arrows or only dots and also it has two options for alert. One alert is when potential setup is forming but not finished yet. This could be useful i think. Second alert appears when setup is formed.
please check it. Hope in works fine
Petar and everyone who is interested. Here is latest modification of my indi.
Now it has option for showing arrows or only dots and also it has two options for alert. One alert is when potential setup is forming but not finished yet. This could be useful i think. Second alert appears when setup is formed.
please check it. Hope in works fine
Hey Tuner you become a programer
)I program a lil bit of SQL on my "honest job"... but not a pro.
Think I am not able to put the code for an indi together myself, but able to understand what it does when I read it (if it is not too complicated
But I prefer reading the charts hehe
