Spartan

The Spartan Strategy.

This is a momentum strategy which attempts to identify when buying pressure or selling pressure is present in the markets.

How to trade the long side:
Once a blue candle appears, enter Long on pullbacks into a blue candle for longs
Place your stop loss on the opposite side of the blue candle.
Target a previous high for longs
How to trade the short side:
Once a red candle appears, enter Short on pullbacks into a red candle for shorts
Place your stop on the opposite side of the red candle.
Target a previous low for shorts

Note di rilascio:

Adds strong buy and sell zones to script.

Note di rilascio:

Removes red line from chart image.

Note di rilascio:

Adds the following features:
Support and Resistance levels shown as:

• Previous Day Highs/Lows
  
• Previous Week Highs/Lows
  
• Previous Month Highs/Lows
  

Note di rilascio:

Removes daily / weekly / monthly levels as it makes chart too congested.

Note di rilascio:

Assigns grades to strong buying and strong selling pressure.

A blue candle combined with a blue circle = High Strength Buying Pressure.
A blue candle combined with a orange circle = Medium Strength Buying Pressure.
A blue candle combined with a yellow circle = Low Strength Buying Pressure.

A red candle combined with a red circle = High Strength Selling Pressure.
A red candle combined with a orange circle = Medium Strength Selling Pressure.
A red candle combined with a yellow circle = Low Strength Selling Pressure.

Note di rilascio:

Removed colors