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ERC fibo entry - Test

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Hello traders.
I introduce you to the indicator that identifies entries based on the cumulative breakout.
syot kilat
This simple indicator will calculate the candlesticks to see if the current candle is a large candle or not?
syot kilat
If it is a large candle, it will continue to confirm whether the opening price of that large candle is in the previous cluster of three candles, if so, draw a box to tick those three candles.
syot kilat
When the conditions are met, it will start drawing 2 fibo levels of 0.618 and 0.786, which will be 2 entry levels 1 and entry 2.
syot kilat
The indicator has also added the EMA SMA as a filter.
syot kilat
The indicator has also added alerts for your convenience.
syot kilat
Nota Keluaran
Update:
-Change ERC candle wick length option, minimum 5%
-Option to use EMA/SMA as confirmation filter
-Show 3 target levels
-With ERC up, target 1 is calculated from entry 2 to ERC high.
-TP2 = tp1 x2
-Tp3 = tp1 x3
-Add 3 target levels to alert

--Goodluck
Nota Keluaran
Change the logic of filtering sideway zones, avoid the case of 3 consecutive decreasing or increasing candles
Nota Keluaran
Edit alert
Nota Keluaran
Change profit target calculation logic
Option to change stop loss
Option to change entry

Penafian

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