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Vealth1st - 2X Opposite Candle Alert
This indicator identifies potential bullish and bearish reversal signals by comparing the body sizes and colors of two consecutive candles.
How It Works
BUY Signal
The previous candle must be red (bearish).
The current candle must be green (bullish).
The current candle's body must be at least 2 times the previous candle's body.
The signal is confirmed only after the current candle closes.
SELL Signal
The previous candle must be green (bullish).
The current candle must be red (bearish).
The current candle's body must be at least 2 times the previous candle's body.
The signal is confirmed only after the current candle closes.
Key Features
Automatic BUY and SELL signal labels on the chart.
Configurable candle body multiplier.
Separate TradingView alert conditions for bullish and bearish signals.
Candle-close confirmation to avoid signals based on incomplete candles.
Suitable for XAUUSD and other instruments and timeframes.
Recommended Usage
The indicator is designed for use on the 15-minute XAUUSD chart. Traders can use the signals as part of their technical analysis and combine them with support and resistance, trend direction, or other confirmation methods.
Disclaimer
This indicator identifies candle patterns based on predefined conditions. It does not guarantee profitable trades or predict future price movements. Always apply appropriate risk management and test the indicator before using it in live trading.
How It Works
BUY Signal
The previous candle must be red (bearish).
The current candle must be green (bullish).
The current candle's body must be at least 2 times the previous candle's body.
The signal is confirmed only after the current candle closes.
SELL Signal
The previous candle must be green (bullish).
The current candle must be red (bearish).
The current candle's body must be at least 2 times the previous candle's body.
The signal is confirmed only after the current candle closes.
Key Features
Automatic BUY and SELL signal labels on the chart.
Configurable candle body multiplier.
Separate TradingView alert conditions for bullish and bearish signals.
Candle-close confirmation to avoid signals based on incomplete candles.
Suitable for XAUUSD and other instruments and timeframes.
Recommended Usage
The indicator is designed for use on the 15-minute XAUUSD chart. Traders can use the signals as part of their technical analysis and combine them with support and resistance, trend direction, or other confirmation methods.
Disclaimer
This indicator identifies candle patterns based on predefined conditions. It does not guarantee profitable trades or predict future price movements. Always apply appropriate risk management and test the indicator before using it in live trading.
Sürüm Notları
Added a new condition requiring the current candle's body to be at least 70% of its total high-to-low range.Retained the existing requirement that the current candle body must be at least 2× the previous candle body.
BUY signals require a red candle followed by a qualifying green candle.
SELL signals require a green candle followed by a qualifying red candle.
Signals are confirmed only after the current candle closes.
Added a configurable minimum body-to-range percentage in the indicator settings.
This update helps filter out candles with relatively large wicks and focuses on stronger candle bodies.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.