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Date/Time: Wed, 05 Feb 2025 13:01:45 +0000



Post From: ALERT HELP: buy / sell arrows with accompanying email + audible alert

[2020-03-01 21:11:00]
User80732 - Posts: 26
RE: I can do the study for you, I just don't understand this: "so long as they (the consecutive red bars) each close at or above the red MA."
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For a Buy Setup: If one of the corrective red bars closes below the red MA then the setup is invalid. Does that help clarify??

For example here are some visuals with annotations:

Valid Setup: https://prnt.sc/r9xuwi

Invalid Setup: https://prnt.sc/r9xtcy

Example of valid and invalid setups:
https://prnt.sc/r9zzt6
https://prnt.sc/ra02h3

Perhaps the conditions for the setup could be outlined more simply:

1- MAs all need to be in proper order
2- Minimum 3 consecutive candle correction
3- None of the corrective candles can have a close above red MA (when selling) or below red MA (when buying)
4- Entry signal is the first green/red bar after correction.

I hope that helps. Thank you in advance!