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Forex indicator premier fx v5
This indicator is designed to detect potential reversal points in the Forex market, combining candlestick patterns with RSI and price action conditions to generate BUY and SELL signals.
⚙️ How It Works:
Key Concepts Used:
Bullish Engulfing + RSI below 50 + recent price drop → BUY signal
Bearish Engulfing + RSI above 50 + recent price rise → SELL signal
Candle must be “stable” (strong movement relative to true range)
Conditions for a BUY:
Bullish engulfing candle
RSI is below 50 (oversold zone)
Price is lower than 5 candles ago (downward momentum)
Candle shows strong price movement
Conditions for a SELL:
Bearish engulfing candle
RSI is above 50 (overbought zone)
Price is higher than 5 candles ago (upward momentum)
Candle shows strong price movement
Visuals:
Green "BUY" label below candle when a bullish signal is detected
Red "SELL" label above candle when a bearish signal is detected
Alerts:
Preconfigured alerts for BUY and SELL signals, ready for automation or notifications
This tool is best suited for Forex traders seeking reliable entry points based on price action, RSI, and candlestick reversals. Use it on your preferred timeframes and pair it with your risk management strategy.
⚙️ How It Works:
Key Concepts Used:
Bullish Engulfing + RSI below 50 + recent price drop → BUY signal
Bearish Engulfing + RSI above 50 + recent price rise → SELL signal
Candle must be “stable” (strong movement relative to true range)
Conditions for a BUY:
Bullish engulfing candle
RSI is below 50 (oversold zone)
Price is lower than 5 candles ago (downward momentum)
Candle shows strong price movement
Conditions for a SELL:
Bearish engulfing candle
RSI is above 50 (overbought zone)
Price is higher than 5 candles ago (upward momentum)
Candle shows strong price movement
Visuals:
Green "BUY" label below candle when a bullish signal is detected
Red "SELL" label above candle when a bearish signal is detected
Alerts:
Preconfigured alerts for BUY and SELL signals, ready for automation or notifications
This tool is best suited for Forex traders seeking reliable entry points based on price action, RSI, and candlestick reversals. Use it on your preferred timeframes and pair it with your risk management strategy.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.