I might be sharing my buying and selling technique developed over 5 years.
I’ll commerce the Swing Excessive and Swing low utilizing a particular candle formation x1,x2,x3 sample
X1 candle is the final candle in a Swing Excessive/Low
In a Swing Excessive
X1 zone is the space between the UPPER BODY of X1 candle and the LOWER SHADOW of X1
The higher horizontal line which is the higher physique of X1 should have no candle physique/shadow protruding of it. if any happens then seek advice from X1 zone variation 2
X I ZONE VARIATION 2
This can be a situation that occurs when a candle’s shadow/physique (candle Y) breaks by means of the higher horizontal line of x1 zone and likewise the decrease horizontal line.
When this occurs we lengthen the decrease Horizontal line of the unique x1 zone to inclue the decrease shadow of candle Y. Thereby extending the X1 zone.
X2 candle is the primary candle to the left of X1 that breaks by means of the LOWER horizontal Line of the x1 zone.
X3 candle is the primary candle that CLOSE above X2 Higher BODY /SHADOW in a swing Low
In a Swing Low
There are solely 2 appropriate setup of X3
X3 > X2 (higher physique and higher shadow inclusive)
X3 > X2 (physique solely).
X3 candle is barely legitimate if it passes by means of the physique of X2.
– That’s, it OPENS, WITHIN THE BODY OF X2 AND CLOSE ABOVE THE BODY OF X2 (SHADOW/BODY INCLUSIVE)
– It OPENS under the Physique of X2 And nonetheless Shut above x2 (bODY/SHADOW INCLUSIVE)
The purpose being x3 Should move by means of x2 physique to shut above the higher physique (physique/shadow) of x2 to be legitimate.
Please discover hooked up Photos to greatest clarify what I imply. The reverse of the circumstances are true for SELL SCENARIO.
X3 < X2
THE x1,x2,x3 INDICATOR
PUTTING IT ALL TOGETHER
I give a lot credit score to the coders who listened to me and made my concepts right into a software program particularly Mr. Sandberg (
Right here is the indicator that can merely do all of the above talked about.