based on the teachings of Rob Smith 1= Inside Candle 2= Break on one side 3= Englufing Candle/Outside Candle
Identifies short setups like 212, 312, 122 and 22
My potential entry is marked with a green line and a label that tells you the price as well. I typically enter 1 or 2 cents belowthe marked entry. My potential target (magnitude) is marked with yellow lines and a label that tells you the price as well.
212, 312 and 122 has entry and magnitudes marked. If there are multiple magnitudes, those are marked with yellow lines which has the price written right above them. The program looks at potentially 4 or 5 magnitudes. No magnitudes marked for a reversal 22.
Most of the colors can be customized
PM me for more info on how to access this indicator
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Adjusted the colors so they are okay with white background as well Yellow magnitude lines and labels have been change to orange Changed the shade of green for the entry label to be better suited for white background as well as the dark color theme
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cleaned up the chart
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Ability to change type of lines, color of lines and color of lables. Added magnitudes for 22 reversal
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Able to change label size.
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Added the option to Show or hide the Entries or the Magnitudes.