Morning Evening Star
The indicator shows the graph model candlestick pattern "Evening Star", "Morning Star."
The evening star is painted in red or pink color. The morning star is painted in blue or blue color.
Input parameters:
- max Bars - the number of bars, calculated on the chart.
- Make Signal Alert - to use the alert.
- Send Push Notification - send a notification to the mobile terminal
- Type of rules pattern - Model definition pattern (Hard - to control the length of the shadow of the second bar). If the settings selected Soft - the patterns that do not meet the conditions for the maximum length of the shadow will appear paler colors (pink, blue).
- Smart Filter Enabled - a filter that takes into account the probability of a reversal.
- Sensitivity Smart Filter - sensitivity "Smart Filter" (0 1?). 1 - the highest sensitivity. 0 - minimum sensitivity (the number of signals will be less).
- Ratio of body length (first bar) - the minimum ratio of the first bar of the body.
- Ratio of body length (second bar) - ratio of maximum length of the second bar body.
- Ratio of length of shadows (second bar) - ratio of the maximum length of the second bar shadows.
- Ratio of body length (third bar) - third bar minimum ratio of body length.
- Short-Term Trend Filter - setting short-term trend filter.
- MA Filter Enabled - use a filter short-term trend of MA.
- MA Method - MA averaging method.
- MA Period - period MA.
- MA Price Type - used type of price.
- Set Bollinger Bands Filter - the filter setting for the indicator Bollinger Bands.
- Enabled Filter - use a filter on the indicator Bollinger Bands.
- Entry BBands period - the period of Bollinger Bands.
- Entry BBands deviation - deviation Bollinger Bands.
- Range Check - the number of bars to be checked.
Recommendations for use:
Entering the market is carried out deferred orders, exposed:
- for the Evening Star at the third bar Low minus a few points.
- for Morning Star on the High level of the third bar, plus a few items.
SL is set at the level of local extreme + a few points.
The signal generated on Friday for 3-4 hours prior to the closing of the trading session, it is better to miss.
If at the time the signal, there is an open position - it is better not to roll over and continue to trawl the open position.
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