Candle Above or Below 21 EMA (BLACKJACK)
This indicator shows a bar color change to red or green after the first candle closes fully above or fully below the 21 EMA and white when the candle is in between or touching the 21 EMA. Trends tend to ride the 21 EMA, also known as the 21 Club.
How to use: (You must turn off your bar, wick and border colors on the chart symbol settings for the candle colors on this indicator to work. You can change all of these colors within the indicator)
This indicator should be used as your final confirmation to enter or exit a trade and I would not use it on it's own. All other confluences with other indicators should happen before this final confirmation. Wait for a bullish or bearish engulfing candle to print after color change to red or green, or after alert to confirm. I use this indicator with Trendilo, STOCH RSI MTF, and ADX trendlines with chart and higher time frames with good results but let me know in the comments of anything else that works well.
You can set alerts for when the first candle prints fully above or below the 21 EMA. (BULL 21 BLACKJACK and BEAR 21 BLACKJACK).
I've also added 3 other EMAs that you can change the lengths and colors for so you don't have to use a separate EMA indicator.
Hope you enjoy!
4emas
SpiceIn the chart photo is a description for each shape and letter, saying what each one is.
BB, Reversals are off by default.
BB + Reversals + Next bar confirmation - The way this should be used is by waiting for a 1 or 2 bar confirmation closed above/below the high/low of the Reversal candle. So if its a Top R, a yellow box will print as a confirmed 1 bar if it closed below the top R's low, then you can wait for the second bar to close also below the Top R's low. Vice versa with the Bot R.
RSI arrows - Essentially showing you when the multi time frame RSIs are coming back up above 30, or below 70. Respective to what time frames you have selected.
Three Line Strike - A trend continuation candlestick pattern consisting of four candles
Leledc Exhaustion suggest the trend may be reversing. Combined with the moving average as a trend filter, the indicator can signal the end of a pull back and the continuation of the trend.
EMAs - Help measuring the trend direction over a period of time.
Credit to all these amazing creators -
Multi Timeframe RSI (LTF) by @millerrh
3 Line Strike by @Lij_MC 'MarketVision A'
Leledc Exhaustion by @glaz, used updated version by @Joy_Bangla
If anyone uses the BB reversals source code to put into their own indicator/strategy, you are free to do so. Just send me a message I'd love to see your work with it! :)
Thanks to Lij_MC's MarketVision A indicator for inspiring me to add more features. At first it was just the RSI Arrows and the BB reversals candles + Condition but then I found MarketVision A and loved the extra Leledc and 3 Line Strike features.
Hope you enjoy this Spice!
No Signal is 100% correct at what it's trying to do. Use caution when trading!
Practice Risk Management.
