inside bar strategy Wıth SL-TP Based on strat bars to enter trades, you can use it with very low stop loss level and try all coins in daily frequency
Thestrat
TheStratFTFCBased on Rob Smith's TheStrat, indicates full time frame continuity
Will plot an indicator for all timeframes from 1 min up to 1 year with triangles to signify if the current price is above or below the open of that timeframe.
When all timeframes are above their respective opens, the FTFC will indicate a green up triangle
When all timeframes are below their respective opens, the FTFC will indicate a red down triangle
There are also indicators for Intraday, Swing, and Long Term FTFC
Intraday timeframes include 1 min to 1 hour
Swing timeframes include 1 hour to 1 month, on by default
Long Term time frames include 1 week to 1 year
There is an option to plot horizontal lines or show prices where the above 3 will become FTFC either red or green
Option to flip the order of the indicators and move them horizontally on the screen
On the settings > style tab, you can deselect timeframes you wish to hide
Limitations of script (due to pinescript):
Only the timeframes higher than or equal to the one shown on the chart will be included in the indicators. Pinescript does not allow indicators to use timeframes below the current chart's timeframe.
eg. the Intraday Timeframe FTFC indicator will show FTFC (green up triangle) if the chart is on the 1 hour timeframe and the close is above the hourly open EVEN IF the 15 minute price is below the 15 min open
- essentially, if you want to exclude timeframes, pick the lowest timeframe where you want the FTFC indicator to work
Any questions, let me know!
gkjch
Active Market FTFCIncludes most features of my original Strat Candles+Open Levels+Active FTFC indicator but this new addition is focused more for day traders.
Active Market FTFC allows you to add ONE broader average ticker (Indices, Sector or any other ticker you desire). When your stock and the selected ticker BOTH have Full Timeframe Continuity the Candle will light up.
In this example I have opened up $TSLA 15 minute chart. Once the Indicator has been applied I have entered $QQQ within my indicator settings and selected 15/30/60/D open levels with the Active FTFC function for 15/30/60/D.
Once TSLA's 15/30/60/D close price is more than the open price AND the QQQ broader average's 15/30/60/D close price is more than the open price the candle will change colour.
Please change your Active FTFC Candle Colours within the settings. I hope this indicator helps someone :)
The Strat info boxThis indicator is an all in one indicator for the "The strat" method by Rob Smith. This indicator DOES NOT provide trading advice or trade entry signals!
What is included:
* Candle Type 1 - Inside Candle
* Candle Type 2- Up or Down Candle
* Candle Type 3 - Engulfing Candle
* Strat signal:
- 2-1-2 setup
- 3-2-2 setup
* Full Timeframe Continuity:
- from a 5min timeframe to a yearly timeframe. Green gives you an uptrend, Red a downtrend.
* middle of day and week
- this give you a support and resistance level at the middle of the day or week. This is a good indicator if the stock goes up or down
* extra info like:
- ATR of 14 days
- DTR of current day
- Volume info
- Float info
NASDAQ:FB
#TheStrat - Highs and Lows of Candles of 4 Custom Time framesThe bread and butter of strat traders is multi-timeframe analysis. We do MTFA in 2 different ways: 1) By Looking for entries confirmed by Full Timeframe Continuity which is just another way of saying that on multiple timeframes, the candles currently forming are all uniform in direction(ie. all red candles or all green candles), and 2) Looking for Strat reversal on lower timeframes that trigger your higher timeframes reversals.
This script is concerned with the latter piece of multi-timeframe analysis, and its application to the strat
Anyone who has watched Sara's videos teaching the strat can see how she uses the highs and lows of her major time periods, the monthly, weekly, and daily, to find entries from her lower time periods to trigger her higher timeframes. This script performs the process of marking the highs and lows of 4-major time periods automatically so that you do not need to mark every single chart you use manually. I have found this script to be very useful, and convenient. I hope that other stratters find it as useful as I am. Below outlines how to use this, although it is mostly self-explanatory. Special thanks and credit to millerrm, who I used his original code snippets to rework his original script to something more tailored to my personal use cases.
Settings -
You can change the time periods of the candles that you would like to mark to any time frame using the 4 dropdown boxes marked TF#
You can choose to toggle the lines for each given time period on and off, in the settings by checking off each time period.
The default colors are purple, blue, orange, and white, in order respective of time from shortest to highest
The default time periods are 3hr, 6hr, 12hr, and daily
The Strat ToolsThis indicator will be collection of tools for using Rob Smith's The Strat.
Currently only bar numbers is implemented.
Every individual tool can be enabled or disabled and customized.
#TheStrat
RM StratThis is my attempt to code up the rules of "The Strat." I've seen other scripts that do parts of what my script does, but this script combines all of them into one script and allows the user control over how they interact with each other.
What's in this indicator?
Show the Strat Candle Numbers (1 - inside bar, 2 - continuation bar, 3 - outside bar) on the chart.
Show a widget off to the right of the chart for multi-timeframe analysis. This widget tells you whether the D/W/M/Q candles are currently green or red as well as the Candle type (White Circle - (1) Inside Bar, Up Green Arrow - (2U) Continuation Bar, Down Red Arrow - (2D) Continuation Bar, Green/Red Square - (3) Outside Bar)
Integrates the long and short rules into the chart. These can also be turned off if you don't want to see them. Note: this is a simplified version of these rules - if you look at the cheat sheets floating around the internet, you'll notice that all trade initiations occur on a break of the high (for longs) or low (for shorts) of the previous candle as long as that previous candle was not a 2. So that's my only rule for going long or short. I think it matches well with the cheat sheets but is way simpler to code and to think of how it works. The other benefit is it shows you failed trades that the cheat sheet won't catch - where a 2 becomes a 3 in the other direction and stops you out. You'll see that now with this script.
Ability to filter out the long/short rules based on the timeframe continuity of the higher timeframe candles. This is user-configurable so that you can experiment with timeframe continuity and see how strict you want to be with this on your trades.
Show the high/low of the Day, Week, and Month on your chart as horizontal lines that you can use as a reference. This could be used for planning profit targets or seeing how likely a reversal might indicate moving into timeframe continuity.
FTFC Scanner #1Full Time Frame Continuity Scanner
Scans for Monthly, Weekly, Daily and Hourly timeframes. There are multiple combinations available for these timeframes.
10 stocks in one indicator
Long FTFC = full time frame continuity to the long side. Meaning all the timeframes selected are green (going up)
Short FTFC = full time frame continuity to the short side. Meaning all the timeframes selected are red (going down)
The chart needs to be in 1 Hour or lower timeframe for the indicator to display correct results.
A trial is available. Please DM me for access.
TFC - HTF1 = Inside Bar
2 = Breaks one side of the previous bar
3 = Breaks both sides of the previous bar
2up Green = Current bar breaks previous bar's high and it is a green bar
2up Red = Current bar breaks previous bar's high but it is a red bar
2Down Green = Current bar breaks previous bar's low but it is a green bar
2Down Red = Current bar breaks previous bar's low and it is a red bar
Inside Green = Current bar is an inside bar (1) and it is a green bar
Inside Red = Current bar is an inside bar (1) and it is a red bar
Outside Green = Current bar is an outside bar (3) and it is a green bar
Outside Red = Current bar is an outside bar (3) and it is red bar
Looking for above setups on Daily, Weekly, Monthly, 3Month, Year
Only higher timeframe data shows up
e.g. If the chart timeframe is 1D or less, all of the above timeframe analysis will appear
If the chart timeframe is 1Month, only 1M, 3M and Yearly analysis will show up
Please DM me for access
TFC - LTF1 = Inside Bar
2 = Breaks one side of the previous bar
3 = Breaks both sides of the previous bar
2up Green = Current bar breaks previous bar's high and it is a green bar
2up Red = Current bar breaks previous bar's high but it is a red bar
2Down Green = Current bar breaks previous bar's low but it is a green bar
2Down Red = Current bar breaks previous bar's low and it is a red bar
Inside Green = Current bar is an inside bar (1) and it is a green bar
Inside Red = Current bar is an inside bar (1) and it is a red bar
Outside Green = Current bar is an outside bar (3) and it is a green bar
Outside Red = Current bar is an outside bar (3) and it is red bar
Looking for above setups on 15 Minutes, 30 Minutes, 1 Hour, 2 Hour and 4 Hours
Only higher timeframe data shows up
e.g. If the chart timeframe is M15 or less, all of the above timeframe analysis will appear
If the chart timeframe is H1, only H1, H2 and H4 analysis will show up
Please DM me for access
TheStratHelper - Watchlist MakerEnter 13 symbols of your choice in the input tab. By default some symbols are already entered.
2 Up = Current bar higher than the previous bar.
2 Down = Current bar lower than the previous bar.
Scanning for 2 Up or 2 Down on monthly, weekly and daily timeframes.
2up In Force Only = If the current price is still above the last bar.
E.g. of how I use this..If a symbol is 2Up on Monthly, then I want to know if it's 2Up on Weekly. Then I can look for a trade opportunity on 1D.
If a symbol is 2up on monthly, weekly and daily, then I look for a trade opportunity on intraday timeframe.
IMPORTANT: Scans will show the correct results ONLY IF the chart timeframe is 1D or less.
Please DM me to find out how to get access.
Previous Highs & LowsPlots highs and lows for yesterday, last week and last month.
You can see all of them in the intraday tf. If weekly tf is selected, yesterday's daily high and low won't be plotted and if monthly tf is selected, weekly and daily highs and lows won't be plotted.
Strat Signal Scanner (5/15/30/60/D) Highlight Add-onStrat Signal Scanner (5/15/30/60/D) - Part 1 Highlight Add-on with Outside Bar Warning Indicator Info
Must be used with the “Strat Signal Scanner (5/15/30/60/D) - Part 1” Indicator only.
Two functions:
1. Add’s the current Candle color to each Timeframe box (Green or Red).
2. Possible Outside Bar Warning when a 2 Bar appears to be failing (Amber Box).
Amber Box - Outside Bar Warning Trigger Conditions:
- a 2UP Red Bar falls >60%* of previous candles range (High to Low).
- a 2DOWN Green Bar rises >60%* of previous candles range (Low to High).
*Customise previous candles range % within Indicator settings.
How to use:
- Add Indicator to chart
- click More (3 dots next to indicator settings)
- click Move - Exisiting pane above.
- Move the Highlight Indicator to line up with the Part 1 Indicator and make sure its in the background to prevent blocking the Part 1 indicator boxes.
- Open Highlight Indicator settings to adjust % if required.
Strat Signal Scanner (60/D/W/M/Q) Highlight Add-onStrat Signal Scanner (60/D/W/M/Q) - Part 1 Highlight Add-on with Outside Bar Warning Indicator Info
Must be used with the “Strat Signal Scanner (60/D/W/M/Q) - Part 1” Indicator only.
Two functions:
1. Add’s the current Candle color to each Timeframe box (Green or Red).
2. Possible Outside Bar Warning when a 2 Bar appears to be failing (Amber Box).
Amber Box - Outside Bar Warning Trigger Conditions:
a 2UP Red Bar falls >60%* of previous candles range (High to Low).
a 2DOWN Green Bar rises >60%* of previous candles range (Low to High).
*Customise previous candles range % within Indicator settings.
How to use:
- Add Indicator to chart
- click More (3 dots next to indicator settings)
- click Move - Exisiting pane above.
- Move the Highlight Indicator to line up with the Part 1 Indicator and make sure its in the background to prevent blocking the Part 1 indicator boxes.
- Open Highlight Indicator settings to adjust % if required.
Inside/Outside Scanner40 tickers max. Can change the tickers in the settings.
Choose to scan for Inside or Outside bars for current bar or previous bar.
Also scans for 2 inside consecutive bars and 3 inside bars starting from the current candle.
Change timeframe in the settings. Default is set to 1D.
Please DM me to get access.
TheStratHelper Scanner
1= Inside Candle
2= Goes past the previous candle's price up or down
3= Goes past the previous candle's price on both sides
Ability to change the timeframe and the symbols this indicator is scanning through in the input tab under settings of this indicator. Maximum symbols 40. By default some symbols are entered in the indicator already. They cannot be left empty. If left empty, an error comes up and the script doesn't load.
Can look through many timeframes like monthly, weekly, daily by changing the timeframe in the input tab under settings. Default timeframe is set to 1 Day.
First label is for all of the symbols the indicator is scanning.
Second label is the result of the scan.
Scanning for
2 Up, 2 Down, 3-1, 2-1, 1-2, 2-2, Failed 2 going 3, Inside and Outside bars
Please DM me to get access to this indicator.
TheStrat MTF High/LowI just started learning about #TheStrat by Rob Smith. I created this tool as it helps me see the bigger TFs over my short TF periods. It plots the Highs and Lows of the current and past Quarter, Month, Week, Day, 6hour, and 1hour. (I added the 6 hour for myself for use with cryptos which run 24 hours). It leaves the previous Highs/Lows plotted as well so you can see how the candles are moving within the bigger candlestick . Example, if you select the 15 minute candlestick , it will also list the current high/low for the 1h, 6h, D, W, M, and Q.
It has customization that will disable whatever TF's you are not interested in.
It has auto-detect and disable lower TFs that are less than or equal to the current selected TF. This function will only work to disable when one of the above mentioned periods is selected. Example, if you select the M candle, it will disable the M, W, D, 6h, and 1h. Only the bigger TF of the Q will be visible. Example of when function wont work, if you selected the 2 Month candle it will not disable any of the TFs.
I am open to any ideas that you experienced Stratters offer. As soon as I get better at the system and generate some income for myself, I will likely make it open source. Hope this helps.
Strat Signal Setup Scanner (5/15/30/60/D) - Part 3
** PLEASE READ BEFORE USING THIS INDICATOR **
This indicator is strictly for helping people like myself learn 'The Strat' method by Rob Smith. This indicator DOES NOT provide trading advice or trade entry signals!
This scanner is Part 3 only. Please use with Strat Signal Scanner's (5/15/30/60/D) Part 1 and 2 for full function.
A demo video of this indicator is available:
Change indicators label color’s and adjust scanner window as required.
Strat Signal and Setup Scanner (5/15/30/60/D) - Part 1/2/3 version is also available.
Strat Signal and Setup Scanner (5/15/30/60/D) - Part 1, 2 and 3 features:
Strat Signal Scanner - Part 1 - (The Current bar’s condition with Hammer / Shooting Star combos if identified)
Inside Bar
2UP
2DOWN
Outside Bar
Shooting Star (signal will trigger when candle is forming live not after the candle has closed allowing you to prepare)
Hammer (signal will trigger when candle is forming live not after the candle has closed allowing you to prepare)
Shooter-Hammer (signal will trigger when pattern is forming live AND after both the Shooter and Hammer candles have closed giving you the new bar to action)
Hammer-Shooter (signal will trigger when pattern is forming live AND after both the Shooter and Hammer candles have closed giving you the new bar to action)
Strat Signal Setup Scanner - Part 2 - (Previous Bar + Current bar to identify setups)
2U-1
2D-1
3-1
1-2U
1-2D
1-3
3-2U
3-2D
Strat Signal Setup Scanner - Part 3 - (Previous two bars + Current bar to identify setups)
3-1-2U
3-1-2D
2U-1-2U
2D-1-2D
2U-1-2D
2D-1-2U
1-2U-2D
1-2D-2U
How to use the Strat Signal and Setup Scanner?
Open the 3 indicators in order starting with Part 1, Part 2 then Part 3. That way the scanner headings (5/15/30/60/D) will line up with the setups signals.
IMPORTANT: For the scan to work across ALL Timeframe Groups (5/15/30/60/D) successfully you must open a 5min chart on the stock you want to scan.
Once the scan results are displayed with the 5min chart open you can then click on a 15/30/60/D chart to see the setups. But do not pay attention to the new lower timeframe scan results when you have a higher timeframe chart open as they will be incorrect.
For an example: a Successful (5/15/30/60/D) Scan = after you open a 5min chart only. If you open the 15min chart the (15/30/60/D) scan results will be correct but the 5min scan results will be incorrect. If you open the 30min chart the (30/60/D) results will be correct but the 5 and 15 scan results will be incorrect always go back to the 5min chart to correct. This anomaly if due to a historical data issue with pine script.
How to change the Scanner Labels and Text Color’s?
Color’s changed within the Indicator Settings. After you choose your color's on the 'Inputs' page make sure you click the drop down arrow next to 'Defaults' (bottom left of the indicator settings) and then click 'Save As Default' to save your personalised indicator preferences.
How to create an Alert?
With a 1HR chart open click on Add Alert.
Change Condition to Strat Signal Scanner Part 1, Part or Part 3
Now select signal/setup in drop down box below example: ‘Inside 60’
Click Create
A Warning will appear, click ‘Continue anyway’. An alert is now set.
Strat Signal Setup Scanner (5/15/30/60/D) - Part 2
** PLEASE READ BEFORE USING THIS INDICATOR **
This indicator is strictly for helping people like myself learn 'The Strat' method by Rob Smith. This indicator DOES NOT provide trading advice or trade entry signals!
This scanner is Part 2 only. Please use with Strat Signal Setup Scanner's (5/15/30/60/D) Part 1 and 3 for full function.
A demo video of this indicator is available:
Change indicators label color’s and adjust scanner window as required.
Strat Signal and Setup Scanner (60/D/W/M/Q) - Part 1/2/3 version is also available.
Strat Signal and Setup Scanner (60/D/W/M/Q) - Part 1, 2 and 3 features:
Strat Signal Scanner - Part 1 - (The Current bar’s condition with Hammer / Shooting Star combos if identified)
Inside Bar
2UP
2DOWN
Outside Bar
Shooting Star (signal will trigger when candle is forming live not after the candle has closed allowing you to prepare)
Hammer (signal will trigger when candle is forming live not after the candle has closed allowing you to prepare)
Shooter-Hammer (signal will trigger when pattern is forming live AND after both the Shooter and Hammer candles have closed giving you the new bar to action)
Hammer-Shooter (signal will trigger when pattern is forming live AND after both the Shooter and Hammer candles have closed giving you the new bar to action)
Strat Signal Setup Scanner - Part 2 - (Previous Bar + Current bar to identify setups)
2U-1
2D-1
3-1
1-2U
1-2D
1-3
3-2U
3-2D
Strat Signal Setup Scanner - Part 3 - (Previous two bars + Current bar to identify setups)
3-1-2U
3-1-2D
2U-1-2U
2D-1-2D
2U-1-2D
2D-1-2U
1-2U-2D
1-2D-2U
How to use the Strat Signal and Setup Scanner?
Open the 3 indicators in order starting with Part 1, Part 2 then Part 3. That way the scanner headings (5/15/30/60/D) will line up with the setups signals.
IMPORTANT: For the scan to work across ALL Timeframe Groups (5/15/30/60/D) successfully you must open a 5min chart on the stock you want to scan.
Once the scan results are displayed with the 5min chart open you can then click on a 15/30/60/D chart to see the setups. But do not pay attention to the new lower timeframe scan results when you have a higher timeframe chart open as they will be incorrect.
For an example: a Successful (5/15/30/60/D) Scan = after you open a 5min chart only. If you open the 15min chart the (15/30/60/D) scan results will be correct but the 5min scan results will be incorrect. If you open the 30min chart the (30/60/D) results will be correct but the 5 and 15 scan results will be incorrect always go back to the 5min chart to correct. This anomaly if due to a historical data issue with pine script.
How to change the Scanner Labels and Text Color’s?
Color’s changed within the Indicator Settings. After you choose your color's on the 'Inputs' page make sure you click the drop down arrow next to 'Defaults' (bottom left of the indicator settings) and then click 'Save As Default' to save your personalised indicator preferences.
How to create an Alert?
With a 1HR chart open click on Add Alert.
Change Condition to Strat Signal Scanner Part 1, Part or Part 3
Now select signal/setup in drop down box below example: ‘Inside 60’
Click Create
A Warning will appear, click ‘Continue anyway’. An alert is now set.
Strat Signal Scanner (5/15/30/60/D) - Part 1
** PLEASE READ BEFORE USING THIS INDICATOR **
This indicator is strictly for helping people like myself learn 'The Strat' method by Rob Smith. This indicator DOES NOT provide trading advice or trade entry signals!
This scanner is Part 1 only. Please use with Strat Signal Scanner's (5/15/30/60/D) Part 2 and 3 for full function.
A demo video of this indicator is available:
Change indicators label color’s and adjust scanner window as required.
Strat Signal and Setup Scanner (5/15/30/60/D) - Part 1/2/3 version is also available.
Strat Signal and Setup Scanner (5/15/30/60/D) - Part 1, 2 and 3 features:
Strat Signal Scanner - Part 1 - (The Current bar’s condition with Hammer / Shooting Star combos if identified)
Inside Bar
2UP
2DOWN
Outside Bar
Shooting Star (signal will trigger when candle is forming live not after the candle has closed allowing you to prepare)
Hammer (signal will trigger when candle is forming live not after the candle has closed allowing you to prepare)
Shooter-Hammer (signal will trigger when pattern is forming live AND after both the Shooter and Hammer candles have closed giving you the new bar to action)
Hammer-Shooter (signal will trigger when pattern is forming live AND after both the Shooter and Hammer candles have closed giving you the new bar to action)
Strat Signal Setup Scanner - Part 2 - (Previous Bar + Current bar to identify setups)
2U-1
2D-1
3-1
1-2U
1-2D
1-3
3-2U
3-2D
Strat Signal Setup Scanner - Part 3 - (Previous two bars + Current bar to identify setups)
3-1-2U
3-1-2D
2U-1-2U
2D-1-2D
2U-1-2D
2D-1-2U
1-2U-2D
1-2D-2U
How to use the Strat Signal and Setup Scanner?
Open the 3 indicators in order starting with Part 1, Part 2 then Part 3. That way the scanner headings (5/15/30/60/D) will line up with the setups signals.
IMPORTANT: For the scan to work across ALL Timeframe Groups (5/15/30/60/D) successfully you must open a 5min chart on the stock you want to scan.
Once the scan results are displayed with the 5min chart open you can then click on a 15/30/60/D chart to see the setups. But do not pay attention to the new lower timeframe scan results when you have a higher timeframe chart open as they will be incorrect.
For an example: a Successful (5/15/30/60/D) Scan = after you open a 5min chart only. If you open the 15min chart the (15/30/60/D) scan results will be correct but the 5min scan results will be incorrect. If you open the 30min chart the (30/60/D) results will be correct but the 5 and 15 scan results will be incorrect always go back to the 5min chart to correct. This anomaly if due to a historical data issue with pine script.
How to change the Scanner Labels and Text Color’s?
Color’s changed within the Indicator Settings. After you choose your color's on the 'Inputs' page make sure you click the drop down arrow next to 'Defaults' (bottom left of the indicator settings) and then click 'Save As Default' to save your personalised indicator preferences.
How to create an Alert?
With a 1HR chart open click on Add Alert.
Change Condition to Strat Signal Scanner Part 1, Part or Part 3
Now select signal/setup in drop down box below example: ‘Inside 60’
Click Create
A Warning will appear, click ‘Continue anyway’. An alert is now set.
Strat Signal Setup Scanner (60/D/W/M/Q) - Part 3** PLEASE READ BEFORE USING THIS INDICATOR **
This indicator is strictly for helping people like myself learn 'The Strat' method by Rob Smith. This indicator DOES NOT provide trading advice or trade entry signals!
This scanner is Part 3 only. Please use with Strat Signal Scanner's (60/D/W/M/Q) Part 1 and 2 for full function.
A demo video of this indicator is available:
Change indicators label color’s and adjust scanner window as required.
Intraday Strat Signal and Setup Scanner (5/15/30/60/D) - Part 1/2/3 version is also available.
Strat Signal and Setup Scanner (60/D/W/M/Q) - Part 1, 2 and 3 features:
Strat Signal Scanner - Part 1 - (The Current bar’s condition with Hammer/Shooting Star combos if identified)
Inside Bar
2UP
2DOWN
Outside Bar
Shooting Star (signal will trigger when candle is forming live not after the candle has closed allowing you to prepare)
Hammer (signal will trigger when candle is forming live not after the candle has closed allowing you to prepare)
Shooter-Hammer (signal will trigger when pattern is forming live AND after both the Shooter and Hammer candles have closed giving you the new bar to action)
Hammer-Shooter (signal will trigger when pattern is forming live AND after both the Shooter and Hammer candles have closed giving you the new bar to action)
Strat Signal Setup Scanner - Part 2 - (Previous Bar + Current bar to identify setups)
2U-1
2D-1
3-1
1-2U
1-2D
1-3
3-2U
3-2D
Strat Signal Setup Scanner - Part 3 - (Previous two bars + Current bar to identify setups)
3-1-2U
3-1-2D
2U-1-2U
2D-1-2D
2U-1-2D
2D-1-2U
1-2U-2D
1-2D-2U
How to use the Strat Signal and Setup Scanner?
Open the 3 indicators in order starting with Part 1, Part 2 then Part 3. That way the scanner headings (60/D/W/M/Q) will line up with the setups signals.
IMPORTANT: For the scan to work across ALL Timeframe Groups (60/D/W/M/Q) successfully you must open a 1HR (60min) chart on the stock you want to scan.
Once the scan results are displayed with the 1HR chart open you can then click on a Daily, Weekly, Monthly or Quarter chart to see the setups. But do not pay attention to the new lower timeframe scan results when you have a higher timeframe chart open as they will be incorrect.
For an example: a Successful (60/D/W/M/Q) Scan = after you open a 1HR chart only. If you open the Daily chart the (D/W/M/Q) scan results will be correct but the 60 scan results will be incorrect. If you open the Weekly chart the (W/M/Q) results will be correct but the 60 and Daily scan results will be incorrect always go back to the 1HR chart to correct. This anomaly if due to a historical data issue with pine script.
How to change the Scanner Labels and Text Color’s?
Color’s changed within the Indicator Settings. After you choose your color's on the 'Inputs' page make sure you click the drop down arrow next to 'Defaults' (bottom left of the indicator settings) and then click 'Save As Default' to save your personalised indicator preferences.
How to create an Alert?
With a 1HR chart open click on Add Alert.
Change Condition to Strat Signal Scanner Part 1, Part or Part 3
Now select signal/setup in drop down box below example: ‘Inside 60’
Click Create
A Warning will appear now click ‘Continue anyway’. An alert is now set.
Strat Signal Setup Scanner (60/D/W/M/Q) - Part 2** PLEASE READ BEFORE USING THIS INDICATOR **
This indicator is strictly for helping people like myself learn 'The Strat' method by Rob Smith. This indicator DOES NOT provide trading advice or trade entry signals!
This scanner is Part 2 only. Please use with Strat Signal Scanner's (60/D/W/M/Q) Part 1 and 3 for full function.
A demo video of this indicator is available:
Change indicators label color’s and adjust scanner window as required.
Intraday Strat Signal and Setup Scanner (5/15/30/60/D) - Part 1/2/3 version is also available.
Strat Signal and Setup Scanner (60/D/W/M/Q) - Part 1, 2 and 3 features:
Strat Signal Scanner - Part 1 - (The Current bar’s condition with Hammer/Shooting Star combos if identified)
Inside Bar
2UP
2DOWN
Outside Bar
Shooting Star (signal will trigger when candle is forming live not after the candle has closed allowing you to prepare)
Hammer (signal will trigger when candle is forming live not after the candle has closed allowing you to prepare)
Shooter-Hammer (signal will trigger when pattern is forming live AND after both the Shooter and Hammer candles have closed giving you the new bar to action)
Hammer-Shooter (signal will trigger when pattern is forming live AND after both the Shooter and Hammer candles have closed giving you the new bar to action)
Strat Signal Setup Scanner - Part 2 - (Previous Bar + Current bar to identify setups)
2U-1
2D-1
3-1
1-2U
1-2D
1-3
3-2U
3-2D
Strat Signal Setup Scanner - Part 3 - (Previous two bars + Current bar to identify setups)
3-1-2U
3-1-2D
2U-1-2U
2D-1-2D
2U-1-2D
2D-1-2U
1-2U-2D
1-2D-2U
How to use the Strat Signal and Setup Scanner?
Open the 3 indicators in order starting with Part 1, Part 2 then Part 3. That way the scanner headings (60/D/W/M/Q) will line up with the setups signals.
IMPORTANT: For the scan to work across ALL Timeframe Groups (60/D/W/M/Q) successfully you must open a 1HR (60min) chart on the stock you want to scan.
Once the scan results are displayed with the 1HR chart open you can then click on a Daily, Weekly, Monthly or Quarter chart to see the setups. But do not pay attention to the new lower timeframe scan results when you have a higher timeframe chart open as they will be incorrect.
For an example: a Successful (60/D/W/M/Q) Scan = after you open a 1HR chart only. If you open the Daily chart the (D/W/M/Q) scan results will be correct but the 60 scan results will be incorrect. If you open the Weekly chart the (W/M/Q) results will be correct but the 60 and Daily scan results will be incorrect always go back to the 1HR chart to correct. This anomaly if due to a historical data issue with pine script.
How to change the Scanner Labels and Text Color’s?
Color’s changed within the Indicator Settings. After you choose your color's on the 'Inputs' page make sure you click the drop down arrow next to 'Defaults' (bottom left of the indicator settings) and then click 'Save As Default' to save your personalised indicator preferences.
How to create an Alert?
With a 1HR chart open click on Add Alert.
Change Condition to Strat Signal Scanner Part 1, Part or Part 3
Now select signal/setup in drop down box below example: ‘Inside 60’
Click Create
A Warning will appear now click ‘Continue anyway’. An alert is now set.
Strat Signal Scanner (60/D/W/M/Q) - Part 1** PLEASE READ BEFORE USING THIS INDICATOR **
This indicator is strictly for helping people like myself learn 'The Strat' method by Rob Smith. This indicator DOES NOT provide trading advice or trade entry signals!
This scanner is Part 1 only. Please use with Strat Signal Scanner's (60/D/W/M/Q) Part 2 and 3 for full function.
A demo video of this indicator is available:
Change indicators label color’s and adjust scanner window as required.
Intraday Strat Signal and Setup Scanner (5/15/30/60/D) - Part 1/2/3 version is also available.
Strat Signal and Setup Scanner (60/D/W/M/Q) - Part 1, 2 and 3 features:
Strat Signal Scanner - Part 1 - (The Current bar’s condition with Hammer/Shooting Star combos if identified)
Inside Bar
2UP
2DOWN
Outside Bar
Shooting Star (signal will trigger when candle is forming live not after the candle has closed allowing you to prepare)
Hammer (signal will trigger when candle is forming live not after the candle has closed allowing you to prepare)
Shooter-Hammer (signal will trigger when pattern is forming live AND after both the Shooter and Hammer candles have closed giving you the new bar to action)
Hammer-Shooter (signal will trigger when pattern is forming live AND after both the Shooter and Hammer candles have closed giving you the new bar to action)
Strat Signal Setup Scanner - Part 2 - (Previous Bar + Current bar to identify setups)
2U-1
2D-1
3-1
1-2U
1-2D
1-3
3-2U
3-2D
Strat Signal Setup Scanner - Part 3 - (Previous two bars + Current bar to identify setups)
3-1-2U
3-1-2D
2U-1-2U
2D-1-2D
2U-1-2D
2D-1-2U
1-2U-2D
1-2D-2U
How to use the Strat Signal and Setup Scanner?
Open the 3 indicators in order starting with Part 1, Part 2 then Part 3. That way the scanner headings (60/D/W/M/Q) will line up with the setups signals.
IMPORTANT: For the scan to work across ALL Timeframe Groups (60/D/W/M/Q) successfully you must open a 1HR (60min) chart on the stock you want to scan.
Once the scan results are displayed with the 1HR chart open you can then click on a Daily, Weekly, Monthly or Quarter chart to see the setups. But do not pay attention to the new lower timeframe scan results when you have a higher timeframe chart open as they will be incorrect.
For an example: a Successful (60/D/W/M/Q) Scan = after you open a 1HR chart only. If you open the Daily chart the (D/W/M/Q) scan results will be correct but the 60 scan results will be incorrect. If you open the Weekly chart the (W/M/Q) results will be correct but the 60 and Daily scan results will be incorrect always go back to the 1HR chart to correct. This anomaly if due to a historical data issue with pine script.
How to change the Scanner Labels and Text Color’s?
Color’s changed within the Indicator Settings. After you choose your color's on the 'Inputs' page make sure you click the drop down arrow next to 'Defaults' (bottom left of the indicator settings) and then click 'Save As Default' to save your personalised indicator preferences.
How to create an Alert?
With a 1HR chart open click on Add Alert.
Change Condition to Strat Signal Scanner Part 1, Part or Part 3
Now select signal/setup in drop down box below example: ‘Inside 60’
Click Create
A Warning will appear now click ‘Continue anyway’. An alert is now set.
