Hi guys,
Newbie here and I should say you guys are so helpful! I have tried some codes here and been successful in back testing. However, I noticed the behaviour in PSE and it seems the veterans are advanced in giving signals before it appears in our codes. And I was able to research that they are using the HAMMER TIME candle signal.
Here is their condition
1. Fibo plotting
2. 5 flucs/ticks within 38.2 or 61.8
3. When the tail touches 38.2 or 61.8, it signals HAMMER for a possible reversal
4. To be confirmed by RSI and STOCH indicator
Hope to hear from you guys!
Salamat po!
Newbie here and I should say you guys are so helpful! I have tried some codes here and been successful in back testing. However, I noticed the behaviour in PSE and it seems the veterans are advanced in giving signals before it appears in our codes. And I was able to research that they are using the HAMMER TIME candle signal.
Here is their condition
1. Fibo plotting
2. 5 flucs/ticks within 38.2 or 61.8
3. When the tail touches 38.2 or 61.8, it signals HAMMER for a possible reversal
4. To be confirmed by RSI and STOCH indicator
Hope to hear from you guys!
Salamat po!
