Understanding the Smart Money Concept (SMC) is essential for traders aiming to align their strategies with institutional market movements. This blog post delves into the fundamentals of SMC, highlighting its significance and distinguishing it from traditional retail trading approaches. Table of Contents Introduction to Smart Money Concept (SMC) The Importance of SMC in Trading Differences…
Below is a simple Amibroker AFL script to detect the Downside Tasuki Gap pattern: // Downside Tasuki Gap AFL Code for Amibroker _SECTION_BEGIN(“Downside Tasuki Gap”); FirstBearish = Ref(Close, -2) GapDown = Ref(Open, -1) SecondBearish = Ref(Close, -1) ThirdBullish = Close > Open; PartialGapFill = Close Ref(Close, -1); DownsideTasukiGap = FirstBearish AND GapDown AND SecondBearish AND…
You are reading Upside Tasuki Gap Candlestick Pattern: How to Confirm & Trade It Successfully by Enlightened Stock Trading originally posted on the Enlightened Stock Trading blog. The Upside Tasuki Gap candlestick pattern is a bullish candlestick continuation pattern that suggests an existing bullish trend is likely to continue after a brief pause. Unlike reversal…
Below is a simple Amibroker AFL script to detect the Mat Hold pattern: // Mat Hold AFL Code for Amibroker _SECTION_BEGIN(“Mat Hold”); FirstBullish = Ref(Close, -4) > Ref(Open, -4); Pullback1 = Ref(Close, -3) Ref(Low, -4); Pullback2 = Ref(Close, -2) Ref(Low, -4); Pullback3 = Ref(Close, -1) Ref(Low, -4); BreakoutCandle = Close > Ref(High, -4); MatHold =…
Below is a simple Amibroker AFL script to detect the Upside Gap Two Crows pattern: // Upside Gap Two Crows AFL Code for Amibroker _SECTION_BEGIN(“Upside Gap Two Crows”); FirstBullish = Ref(Close, -2) > Ref(Open, -2); SecondGapUpBearish = Ref(Open, -1) > Ref(Close, -2) AND Ref(Close, -1) ThirdGapUpBearish = Open > Ref(Close, -1) AND Close UpsideGapTwoCrows =…
You are reading Three Inside Down Candlestick Pattern: A Strong Bearish Reversal Signal by Enlightened Stock Trading originally posted on the Enlightened Stock Trading blog. The Three Inside Down candlestick pattern is a bearish candlestick reversal pattern that signals a potential shift from bullish to bearish. Traders watch for this pattern at the top of…
You are reading Three Inside Up Candlestick Pattern: A Strong Bullish Reversal Signal by Enlightened Stock Trading originally posted on the Enlightened Stock Trading blog. The Three Inside Up triple candlestick pattern is a reliable bullish candlestick reversal formation that signals a shift from a downtrend to an uptrend. Traders look for this pattern of…
Below is a simple AFL script to detect the Bearish Kicker pattern in Amibroker: // Bearish Kicker AFL Code for Amibroker _SECTION_BEGIN(“Bearish Kicker”); FirstBullish = Ref(Close, -1) > Ref(Open, -1); GapDown = Open StrongBearish = Close BearishKicker = FirstBullish AND GapDown AND StrongBearish; PlotShapes(IIf(BearishKicker, shapeDownArrow, shapeNone), colorRed, 0, High); _SECTION_END(); …
The Bullish Kicker candlestick pattern forms when a sharp bullish candlestick completely reverses the previous bearish candlestick, with a gap between them. The first candle is a strong, bearish candle, signaling downward momentum. The second candle gaps up and opens above the previous opening price, completely ignoring the prior price trend, and then closes strongly, forming…
Below is a simple AFL script to detect the Bullish Abandoned Baby in Amibroker: // Bullish Abandoned Baby AFL Code for Amibroker _SECTION_BEGIN(“Bullish Abandoned Baby”); FirstBearish = Ref(Close, -2) DojiWithGapDown = Ref(Close, -1) > Ref(Open, -1) AND Ref(High, -1) FinalBullish = Close > Open AND Close > Ref(Midpoint(High, Low), -2) AND Open > Ref(High,…