BTMM Trading View Indicator with signals User Guide Level 1

pdf

School

Compton College *

*We aren’t endorsed by this school

Course

120

Subject

Electrical Engineering

Date

Jun 14, 2024

Type

pdf

Pages

48

Uploaded by LieutenantFog14355

Report
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup Procedure: Visit Our Website: Go to www.marketmakersetup.com to access the indicator. Click "Get Indicator Access": Locate and click the Get Indicator Access button on the website. Select Plan & Send Email: Choose your preferred plan and send an email inquiry. Payment Details: Upon inquiry, we'll provide account details for bank transfer and a USDT wallet address. Payment Confirmation: Once payment is completed, attach the proof of payment via email. Join Our Community: Telegram Channel: Stay updated! Join our Telegram channel at Market_Maker_Setup . Instagram: Follow us on Instagram at marketmakersetup for exclusive content and updates. YouTube: Subscribe to our YouTube channel at marketmakersetup for video tutorials and insights. Indicator Access: Expect indicator access within 2 - 4 hours post-confirmation of payment.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup ▪ Definition of Continuation Signals: Signals indicating the continuation of the current market trend. ▪ Definition of Reversal Signals: Signals suggesting a potential reversal or change in the prevailing market direction. ▪ Importance of distinguishing between these signals for informed trading decisions. Visual Element: Image "Figure 2.1" highlighting Continuation and Reversal Signals
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup Range Reversal Zone Reversal Zone Session Open 3m / 5m Chart Scalp Master
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup In order to use the indicators, you need to open a chart on TradingView. Once open, click on Indicators (or type / ) to open the indicator menu, then click on " invite-only scripts ", you should see the indicators names appearing, click on one of them to add it to your chart. INFO If you don't see the invite-only scripts folder or the MarketMakerSetup Premium indicators, try refreshing your browser/app. If this still doesn't have them show up, please email admin@marketmakersetup.com with your TradingView username & our team will grant you access manually within 5 hours.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup Important Notice: When utilizing this indicator on TradingView charts, default candle colors are displayed by default, not the indicator-specific colored candles. Action Required: Users are advised to turn off the default candle colors via TradingView settings for accurate visualization of the indicator's colored candles.
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup ▪ Overview of Overlays: ▪ Exponential Moving Average (EMA) ▪ Bollinger Band (Modified) ▪ Dynamic Support and Resistance ▪ High Time Frame Dynamic Support & Resistance ▪ Recommended Settings: ▪ Dynamic Support & Resistance (Gray band) ▪ Signal Line (Red line) ▪ Importance of optimal overlay configuration for accurate signal interpretation.
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup Pattern Overview: Candlestick Colors: The Bullish pattern begins with a Red or Orange candlestick followed by a Green candlestick. Signal Confirmation: The open price of the Red/Orange candle should be broken by the close or wick of the subsequent Green candle for validation. Signal Line Break: Simultaneously, the Green candle should breach the Red Line (signal line). Proximity: This pattern ideally emerges near or on the Gray band, representing Dynamic Support & Resistance. Validity Criteria: Candlestick Colors: Red/Orange → Green Break Confirmation: Open price of Red/Orange candle broken by close/wick of Green candle Signal Line Break: Green candle breaking the Red Line (signal line) Location: Pattern appearing near or on the Gray band (Dynamic S&R) Stop Loss: Positioned just below the low of the Green Candle to manage risk effectively. Note: This Bullish pattern within the Color Candlestick strategy, as defined, provides a specific entry condition when validated by color sequence, breakouts, and proximity to the Gray band, with risk management considerations for Stop Loss placement.
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup High Probability Open Price
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup Pattern Overview: Candlestick Colors: The Bearish pattern initiates with a Green/Orange candlestick followed by a Red or Orange candlestick. Signal Confirmation: The open price of the Green/Orange candle should be surpassed by the close or wick of the subsequent Red candle for validation. Signal Line Break: Simultaneously, the Red candle should breach the Red Line (signal line). Proximity: This pattern ideally emerges near or on the Gray band, representing Dynamic Support & Resistance. Validity Criteria: Candlestick Colors: Green/Orange → Red Break Confirmation: Open price of Green/Orange candle broken by close/wick of Red candle Signal Line Break: Red candle breaking the Red Line (signal line) Location: Pattern appearing near or on the Gray band (Dynamic S&R) Stop Loss: Positioned just below the low of the Red Candle to manage risk effectively. Note: This Bearish pattern within the Color Candlestick strategy mirrors a specific entry condition based on color sequence, breakout confirmations, and proximity to the Gray band, accompanied by risk management via Stop Loss placement.
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup High Probability Open Price
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup Pattern Overview: Candlestick Colors: Commences with a Red candle followed by a Green or Orange candle. Signal Confirmation (Green Candle): Green candle as the second candle serves as a clear Bullish signal. Signal Confirmation (Orange Candle): If the second candle is Orange, it must engulf the high price of the Red candle for Bullish validation. Signal Line Break: Simultaneously, the Green/Orange candle should breach the Red Line (signal line). Proximity: This pattern is ideally observed near or on the Gray band, signifying Dynamic Support & Resistance. Validity Criteria: First Candle: Red Second Candle: Green or Orange (Engulfing Red candle's high if Orange) Break Confirmation: Green/Orange candle breaking the Red Line (signal line) Location: Pattern occurring near or on the Gray band (Dynamic S&R) Stop Loss: Positioned just below the Green/Orange candle to effectively manage risk. Note: This alternative Bullish pattern within the Color Candlestick strategy provides specific conditions for entry based on candle color sequences, engulfing patterns (if Orange), signal line breakouts, and Stop Loss positioning for risk management.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup High Green candle as the second candle serves as a clear Bullish signal. If the second candle is Orange, it must engulf the high price of the Red candle for Bullish validation. * Simultaneously, the Green/Orange candle should breach the Red Line (signal line). Open
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup Pattern Overview: Candlestick Colors: Initiates with a Green candle followed by a Red or Orange candle. Signal Confirmation (Red Candle): Red candle as the second candle serves as a clear bearish signal. Signal Confirmation (Orange Candle): If the second candle is Orange, it must engulf the low price of the Green candle for Bearish validation. Signal Line Break: Simultaneously, the Red/Orange candle should breach the Red Line (signal line). Proximity: This pattern is ideally observed near or on the Gray band, signifying Dynamic Support & Resistance. Validity Criteria: First Candle: Green Second Candle: Red or Orange (Engulfing Green candle's low if Orange) Break Confirmation: Red/Orange candle breaking the Red Line (signal line) Location: Pattern occurring near or on the Gray band (Dynamic S&R) Stop Loss: Positioned just above the Red/Orange candle to effectively manage risk. Note: This alternate Bearish pattern within the Color Candlestick strategy outlines specific conditions for entry based on candle color sequences, engulfing patterns (if Orange), signal line breakouts, and Stop Loss positioning for risk management.
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup Low Red candle as the second candle serves as a clear bearish signal. If the second candle is Orange, it must engulf the low price of the Green candle for Bearish validation. * Simultaneously, the Red/Orange candle should breach the Red Line (signal line). Open
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup Pattern Overview: Candlestick Sequence: First Candle: Red Second Candle: May be Red or Green (Doji or spinning top) Third Candle: Green, crossing the Red Line (signal line) Signal Confirmation Criteria: First to Second Transition: If Second candle is a Doji or spinning top: Green Confirmation: Green Third candle should engulf high of the Doji/Spinning Top by close price ( Type 2 ). If Second candle is Red: Green Confirmation: Green candle breaks the First candle's Open Price ( Type 3 ). Third Candle: Green, breaking the Red Line (signal line). Proximity and Validity Criteria: Location: Ideally observed near or on the Gray band, representing Dynamic Support & Resistance. Stop Loss Placement: Stop Loss: Positioned just below the low of the Third (Green) candle for risk management.
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup Pattern Overview: Entry Method: Utilizing the Tricolor Pattern for buy signals post- Gray band breakout. Candle Sequence: First candle: Orange or Red Second candle: Green (with spinning top, hammer, pin bar with bullish wick) Third candle: Green, crossing the Red Line (signal line) Behavioral Criteria: Second candle low as the lowest low, preferably in Green color. Third candle engulfs the second candle's high by close price. Third candle closes above the Gray band. Pattern Characteristics: Candle Behavior: The sequence demonstrates a transition from potential weakness to strength, culminating in a bullish breakout. Confirmation: Third candle crossing the Red Line (signal line) signifies a confirmed buy signal. Note: Utilizing the Tricolor Pattern for buy signals after the Gray band breakout requires specific candle sequences and behaviors, emphasizing the transition towards bullish momentum and confirmation through the Red Line cross, enhancing the reliability of the buy trade setup.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup Entry Method: Utilizing the Tricolor Pattern for sell signals post-Gray band breakout. Candle Sequence: First candle: Green Second candle: Doji or spinning top (Red or Green) Third candle: Red, crossing the Red Line (signal line) Behavioral Criteria: Second candle color may be Red /Green but preferably Doji or spinning top. If the second candle is red and a spinning top, the red candle should engulf the second candle's low by close price. If the second candle is green, the Green candle should break the first candle's open price. Proximity and Validity Criteria: Location: Ideally observed near or on the Gray band, representing Dynamic Support & Resistance. Stop Loss: Positioned just above the high of the Third (Red) candle for risk management. Confirmation: Third candle crossing the Red Line (signal line) confirms the sell signal.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup Pattern Overview: Beyond 3 Candlesticks Patterns: Sometimes, a 4 or more candlesticks pattern (as shown in Figure 21.1) is considered valid. Sideways Market Observation: If more than 4 candles cluster on the Gray band, it indicates a sideways market. Caution should be exercised, and traders should wait for a clear retest of the Gray band. Trading Guidelines: Clear Signal Entry: Always enter trades based on clear signals provided by the established patterns. Avoid trading in sideways markets. Gray Band Slope: A Gray band sloping in favor of the expected market direction signifies a higher probability trade setup. Flat Gray Band Avoidance: If the Gray band is flat and multiple candles close within it, consider avoiding that script for some time. Proximity and Market Observation: Location: Gray band acts as a critical level. Its behavior and the number of candles around it offer insights into market conditions. Note: Understanding candlestick patterns beyond the discussed 2 and 3 candlesticks, and the significance of the Gray band aids in identifying potential trade setups and avoiding uncertain market conditions, emphasizing clear signals and directional confirmations.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup Pattern Overview: Breakout Entry Methods: Two entry methods available - Entry at breakout and Retest of the Gray band post-breakout. Retest Similarity: Retest after breakout is akin to the Bounce off the Gray band, as previously discussed. New Addition: Bollinger Bands Overlay incorporated to confirm the breakout of the Gray band. Entry Methods: Breakout Entry: Identifying and entering trades as the price breaks out of the Gray band, indicating a potential shift in market sentiment. Retest after Breakout: Similar to the earlier discussed Bounce pattern, waiting for a retest of the Gray band post-breakout for confirmation. New Overlay - Bollinger Bands: Purpose: Utilized to confirm the breakout of the Gray band, offering added validation for trade setups. Confirmation Tool: The Bollinger Bands overlay serves as a supplementary indicator to affirm Gray band breakouts. Note: Introducing breakout entry methods and the utilization of the Bollinger Bands overlay adds to the toolkit for confirming shifts in market dynamics at the Support and Resistance (Gray Band) level, enhancing the reliability of trade setups.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup Pattern Overview: Entry Points: Utilizing modified Bollinger Bands for breakout entry at the Support and Resistance (Gray Band) level. Sell Entry: Gray band proximity to the Upper Bollinger Band for a downside breakout. For Buy Entry, proximity to the Lower Bollinger Band for an upside breakout. Reversal Entry Type: Purpose: To add further confirmation to breakout entry using candle behavior outside the modified Bollinger Bands. Stop Loss Placement: Strategically positioned above or below the signal candle's high or low, respectively. Extra Confirmation - Reversal Entry: Sell (Bearish): Red Candle opens outside the Upper Bollinger Band, closes inside or outside. Red candle crossing the Red Line (signal line) serves as the entry signal. Stop loss above the high of the signal candle. Buy (Bullish): Green Candle opens below the Lower Bollinger Band, closes inside or outside. Green candle crossing the Red Line (signal line) serves as the entry signal. Stop loss below the low of the signal candle. Note: Incorporating modified Bollinger Bands for breakout entry and the additional confirmation of reversal entry signals enhances precision in trade setups, offering clear guidelines for both bullish and bearish entries at the Support and Resistance level.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup Pattern Overview: Entry Strategy: Gray band breakout entry suited for conservative traders in continuation mode, indicating sustained market direction. Sell Entry: Looking for Gray band breakout in continuation mode for downtrend confirmation. For Buy Entry, continuity in the Gray band breakout for uptrend confirmation. Reversal Mode Confirmation: Purpose: Providing additional confirmation of the trade direction by assessing the candle color behavior within reversal and continuation modes. Directional Alignment: In reversal mode, candle color should match the intended trade direction. Extra Confirmation - Reversal Mode: Sell (Bearish): If in reversal mode, candle color aligns with the sell direction (e.g., already in red color above the Gray band). In continuation mode, candles tend towards green. Buy (Bullish): In reversal mode, candle color aligns with the buy direction (e.g., already in green color below the Gray band). In continuation mode, candles tend towards red. Note: For conservative traders, Gray band breakout entry in continuation mode offers a safer approach, with additional confirmation from candle color behavior in both reversal and continuation modes, aligning with the desired trade direction.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup Pattern Overview: Entry Method: Utilizing the Shift Candle pattern post-Gray band breakout for continuation mode entry. Sell Entry Pattern: Identified by a large body candle opening above the Gray band high and closing below it in Red or Orange color. Retracement Requirement: Wait for a retracement of 40% to 60% of the shift candle. Retracement Behavior: The retracement candle faces resistance at the Gray band. It may be in Green color but should preferably not break the high of the shift candle. Stop Loss Placement: Positioned above the high of the red/orange shift candle for risk management. Pattern Characteristics: Shift Candle Significance: A strong directional candle showcasing a clear shift in market sentiment post-Gray band breakout. Retracement Confirmation: Retracement demonstrating resistance at the Gray band solidifies the trade setup. Note: Utilizing the Single Candle Breakout pattern with the Shift Candle in continuation mode post-Gray band breakout offers a precise entry strategy, requiring confirmation through retracement behavior and adherence to specific color criteria for sustained trade setup.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup Reversal Mode Confirmation Red Candle opens above the Upper Bollinger Band, closes inside or outside. Single Candle Breakout Shift Candle Pattern
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup Pattern Overview: Buy Entry Method: Employing the Shift Candle pattern post-Gray band breakout for continuation mode entry in a bullish setup. Buy Entry Pattern: Identified by a large body candle opening below the Gray band low and closing above it in Green color. Retracement Requirement: Wait for a retracement of 40% to 60% of the shift candle. Retracement Behavior: The retracement candle encounters support at the Gray band. It may be in Red color but should ideally not breach the low of the shift candle. Stop Loss Placement: Positioned below the low of the green shift candle for effective risk management. Pattern Characteristics: Shift Candle Significance: A strong directional candle signifying a clear shift in market sentiment post-Gray band breakout. Retracement Confirmation: Retracement indicating support at the Gray band reinforces the validity of the trade setup. Note: Utilizing the Single Candle Breakout pattern with the Shift Candle in continuation mode post-Gray band breakout offers a precise entry strategy, requiring confirmation through retracement behavior and adherence to specific candle characteristics for a robust buy trade setup.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup Stop Loss Entry @ Candle Close
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup Pattern Overview: Entry Method: Utilizing the Three Candle Breakout pattern post- Gray band breakout for buy signals. Pattern Characteristics: Candle Behavior: First candle opens above the Gray band and breaks its high. Second candle acts as a retracement facing resistance at the Gray band without closing above it. Third candle breaks the Gray band low with a Red color, establishing Red line (signal line) as a resistance. Third candle must be in Red. Note: The Three Candle Breakout pattern for sell signals after the Gray band breakout comprises specific candle sequences and behaviors, emphasizing the importance of Gray band levels and Red line as resistance. Updated stop loss placement ensures effective risk management aligned with the trade setup. Stop Loss Placement: Stop Loss: Positioned above the high of the Red candle. If the first candle is Orange, the Stop Loss is above the last Red candle. If the first candle is Red, the Stop Loss is above the respective Red candle.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup Entry Method: Utilizing the Three Candle Breakout pattern post- Gray band breakout for buy signals. Buy Signal Combination 1: First candle: Orange Second candle: Red Third candle: Green Buy Signal Combination 2: First candle: Green Second candle: Orange/Red Third candle: Green Pattern Characteristics: Candle Behavior: First candle opens below the Gray band and crosses its low. Second candle acts as a retracement facing support at the Gray band without closing below it. Third candle breaks the Gray band high with a Green color, establishing Red line (signal line) as support. Third candle must be in Green. Note: The Three Candle Breakout pattern for buy signals after the Gray band breakout comprises specific candle sequences and behaviors, emphasizing the importance of Gray band levels and Red line as support. Updated stop loss placement ensures effective risk management aligned with the trade setup. Stop Loss Placement: Stop Loss: Positioned below the low of the Green candle. If the first candle is Orange, the Stop Loss is below the last Green candle. If the first candle is Green, the Stop Loss is below the respective Green candle.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup Reversal Mode Confirmation Green Candle opens below the Lower Bollinger Band, closes inside or outside. First candle opens below the Gray band and crosses its low. Second candle acts as a retracement facing support at the Gray band without closing below it. Third candle breaks the Gray band high with a Green color Stop Loss
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup Three Candle Patter – Orange – Red- Orange Reversal Mode Confirmation Green Candle opens below the Lower Bollinger Band, closes inside or outside. Stop Loss
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup Entry Strategy Overview: Risk vs. Conservative Traders: Risk traders opt for the breakout entry, while conservative traders prefer the retest entry for clearer signals. Sell Entry Model: Initial signal: Crossing Red line (signal line) with Green/Orange color, with Gray band acting as support. Signal candle high must not break. Avoid Strong Candle Breaks: Strong candles should not break the Gray band low, indicating consolidation near the Gray band. Retracement Timing: Wait for Red line to cross the Gray band, followed by a spike or small upward movement. Retest Entry: Apply Gray band bounce entry method discussed earlier post-retracement for a more measured sell entry. Retest Entry Conditions: Confirmation: Retest occurs after the Red line crosses the Gray band, accompanied by a small spike or upward movement. Bounce Entry Method: Utilize the Gray band bounce entry technique as previously discussed for a confirmed sell entry. Note: Employing the Breakout and Retest method for sell entries provides a structured approach, allowing conservative traders to wait for clearer signals post-breakout, ensuring a more defined sell entry point aligned with the Gray band bounce method.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup Breakout Retest Retracement Timing: Wait for Red line to cross the Gray band, followed by a spike or small upward movement In reversal mode, candle color should match the intended trade direction. Reversal mode Continuation mode Red Candle opens outside the Upper Bollinger Band, closes inside or outside.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup Stop Loss In reversal mode, candle color should match the intended trade direction. Reversal mode Continuation mode Red Candle opens outside the Upper Bollinger Band, closes inside or outside.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup Entry Strategy Overview: Risk vs. Conservative Traders: Risk traders can opt for the breakout entry, while conservative traders wait for the retest for clearer signals. Buy Entry Model: Initial signal: Crossing Red line (signal line) with Green/Orange color, with Gray band acting as resistance. Signal candle low must not break by candle closing. Avoid Strong Candle Breaks: Strong candles should not break the Gray band high, indicating consolidation near the Gray band. Retracement Timing: Wait for Red line to cross the Gray band, followed by a spike or small downward movement. Retest Entry: Apply the Gray band bounce entry method discussed earlier post-retracement for a confirmed buy entry. Retest Entry Conditions: Confirmation: Retest occurs after the Red line crosses the Gray band, accompanied by a small spike or downward movement. Bounce Entry Method: Utilize the Gray band bounce entry technique as previously discussed for a confirmed buy entry. Note: Employing the Breakout and Retest method for buy entries provides a structured approach, allowing conservative traders to wait for clearer signals post-breakout, ensuring a more defined buy entry aligned with the Gray band bounce method.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup Reversal mode Continuation mode
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
Market Maker Setup admin@marketmakersetup.com | www.marketmakersetup.com MarketMakerSetup Market_Maker_Setup
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help

Related Documents

Understanding EKG Measurements: Rhythms, Rates & Interpretation
Analyzing Edge Detection Techniques with Gaussian Noise
Patient Summary & Nursing Note: A-Fib, Depressive Disorder
Laboratory 4 – Motor Control using Semiconductor.pdf
Eee hw 3.docx
assignmentHP.pdf
ECT226_Final_Project_Report_Template.docx
m1t1 1-3.docx
Lab+4+Assignment+esponse 2.pdf
E1 Experiment 5.docx
CH 4&5 T_F Key.docx
CH 4 & 5 KEY.docx
Related Questions
The advantages of splitting vertically and horizontally varies. Describe them.
While Thevenizing a circuit between two . . terminals, VTH is equal to * rms voltage available in the circuit. O short circuit terminal voltage. O net voltage available in the circuit. O open circuit terminal voltage. )
Compare the differences between Harmonic Distortion and IntermodulationDistortion using suitable diagram.
Hot-spot effect in PV strings is advantage to PV efficiency. Select one: a. True. b. False.
Commercially available strain gages, typically, have nominal resistance of either 120 or 350 Ohm. Discuss the advantages and disadvantages of each type in terms of measurement accuracy/precision and sensitivity.
ii)Rhs= 1.325 ℃/w
Watch the video "Can 100% renewable energy power the world?" by Federico Rosei and Renzo Rosei. Write the important points that you have learned from the video.
C. A single phase full converter feeding RL load has the following data: source voltage 230V(RMS), SOHZ.R-2.52 L=very large, firing angle -30"f the load inductrance is large enough to make the load current constant then i Sketch the time variation of sounce voltage source current, load voltage, load current current through one thyristor and voltage across it H. Compute the average value of load voltage and load current, Derive the formula.
Q1. a) Figure Q1 is a single phase 2-level voltage source converter (VSC) with a total DC voltage V-1000V. A PWM scheme, by comparing a reference value with a 1kHz triangular waveform, is used to control the switches S₁ and S2, and output 340v at Vo. With the aid of graphs explain how pulse signals for the switches are generated, sketch the output voltage Vo, determine the duty cycle and the modulation index. Va + 2 it Va d + TS₁ V {1+5₂ = Figure Q1 A single phase VSC
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Introductory Circuit Analysis (13th Edition)
Electrical Engineering
ISBN:9780133923605
Author:Robert L. Boylestad
Publisher:PEARSON
Text book image
Delmar's Standard Textbook Of Electricity
Electrical Engineering
ISBN:9781337900348
Author:Stephen L. Herman
Publisher:Cengage Learning
Text book image
Programmable Logic Controllers
Electrical Engineering
ISBN:9780073373843
Author:Frank D. Petruzella
Publisher:McGraw-Hill Education
Text book image
Fundamentals of Electric Circuits
Electrical Engineering
ISBN:9780078028229
Author:Charles K Alexander, Matthew Sadiku
Publisher:McGraw-Hill Education
Text book image
Electric Circuits. (11th Edition)
Electrical Engineering
ISBN:9780134746968
Author:James W. Nilsson, Susan Riedel
Publisher:PEARSON
Text book image
Engineering Electromagnetics
Electrical Engineering
ISBN:9780078028151
Author:Hayt, William H. (william Hart), Jr, BUCK, John A.
Publisher:Mcgraw-hill Education,
SEE MORE TEXTBOOKS
Related Questions
Recommended textbooks for you
Text book image
Introductory Circuit Analysis (13th Edition)
Electrical Engineering
ISBN:9780133923605
Author:Robert L. Boylestad
Publisher:PEARSON
Text book image
Delmar's Standard Textbook Of Electricity
Electrical Engineering
ISBN:9781337900348
Author:Stephen L. Herman
Publisher:Cengage Learning
Text book image
Programmable Logic Controllers
Electrical Engineering
ISBN:9780073373843
Author:Frank D. Petruzella
Publisher:McGraw-Hill Education
Text book image
Fundamentals of Electric Circuits
Electrical Engineering
ISBN:9780078028229
Author:Charles K Alexander, Matthew Sadiku
Publisher:McGraw-Hill Education
Text book image
Electric Circuits. (11th Edition)
Electrical Engineering
ISBN:9780134746968
Author:James W. Nilsson, Susan Riedel
Publisher:PEARSON
Text book image
Engineering Electromagnetics
Electrical Engineering
ISBN:9780078028151
Author:Hayt, William H. (william Hart), Jr, BUCK, John A.
Publisher:Mcgraw-hill Education,
SEE MORE TEXTBOOKS