Graph configuration and buy and sell signals based on Stormer’s (Alexandre Wolwacz, Brazilian trader) swing, position and day trade strategy, described on his youtube channel (https://www.youtube.com/watch?v= 0QZ_NjWkwl0)
The buy and sell indications are based on 2 candle patterns (Inside Bar [Yellow] and Reversal Closing cost [Blue and Red]), 3 Moving Averages and 1 Stochastic.
Contents
Indicators:
- Inside Bar – Candle pattern signaling fad continuity, or reversal
- Reversal Closing price – Candlestick pattern indicating tendency reversal
- Moving Averages – Used to determine the price trend
- Stochastic – Used to examine the states in which the market offered or bought more than it should, and therefore there is the possibility of creating tops and bottoms
- Inside Bar – Candle pattern signaling fad continuity, or reversal
- Reversal Closing price – Candlestick pattern indicating tendency reversal
- Moving Averages – Used to determine the price trend
- Stochastic – Used to examine the states in which the market offered or bought more than it should, and therefore there is the possibility of creating tops and bottoms
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How to use:
When there is an opportunity to buy or sell, the indicator will show a Fibonacci Expansion containing the following values:
- buy/sell – Recommended entry value of a trade
- stop – Recommended value for placing the operation stop
- 100% – Value of the objective to partially carry out the operation. At this moment, you can move the stop of the operation to guarantee the profit
- 161.8% – Operation profit target value
- buy/sell – Recommended entry value of a trade
- stop – Recommended value for placing the operation stop
- 100% – Value of the objective to partially carry out the operation. At this moment, you can move the stop of the operation to guarantee the profit
- 161.8% – Operation profit target value
IMPORTANT! The operation can only be entered up to 2 candles after the SIGNAL is displayed.
Ex. If the input signal was an Inside Bar [Yellow], enter the candle only after the Inside bar or the Next Candle. If the entry signal was on a reversal candle [Red, Blue], enter only the candle after the reversal candle or the next candle.
IMPORTANT! The operation can only be entered up to 2 candles after the SIGNAL is displayed.
Ex. If the input signal was an Inside Bar [Yellow], enter the candle only after the Inside bar or the Next Candle. If the entry signal was on a reversal candle [Red, Blue], enter only the candle after the reversal candle or the next candle.
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