OPEN-SOURCE SCRIPT
Engulfing and ema
This is a Pine Script script that helps you see the Engulfing Candlestick and Inside Bar (Boring Candle) candle patterns on the TradingView chart, as well as drawing two Exponential Moving Averages (EMA). Here's a simple explanation:
1. **Candle Pattern**:
- This script identifies the Engulfing Candlestick pattern, which indicates potential changes to the price. If this pattern is detected, the script will show a green (for buy) or red (for sell) arrow above or below that candle.
- The script also identifies the Inside Bar (Boring Candle), which indicates the period area in the market. This candle will be the color you choose (default is orange).
2. **Moving Average (EMA)**:
- This script also plots two Exponential Moving Averages (EMA) on the chart. EMA is a tool that helps you see price trends more clearly.
3. **Risk Management**:
- This script calculates the Stop Loss (SL) and Take Profit (TP) levels for each Engulfing pattern. This helps you manage your trading risks.
- Labels are displayed on the charts for SL and TP, so you know where to place them.
With the help of this script, you can easily identify important patterns in the market and manage your risks better. Make sure to choose a demo account before using it in real trading.
1. **Candle Pattern**:
- This script identifies the Engulfing Candlestick pattern, which indicates potential changes to the price. If this pattern is detected, the script will show a green (for buy) or red (for sell) arrow above or below that candle.
- The script also identifies the Inside Bar (Boring Candle), which indicates the period area in the market. This candle will be the color you choose (default is orange).
2. **Moving Average (EMA)**:
- This script also plots two Exponential Moving Averages (EMA) on the chart. EMA is a tool that helps you see price trends more clearly.
3. **Risk Management**:
- This script calculates the Stop Loss (SL) and Take Profit (TP) levels for each Engulfing pattern. This helps you manage your trading risks.
- Labels are displayed on the charts for SL and TP, so you know where to place them.
With the help of this script, you can easily identify important patterns in the market and manage your risks better. Make sure to choose a demo account before using it in real trading.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.