White Crows

White Crow Indicator

by VArmadA

A simple yet powerful  candle analysis based indicator using the White Soldiers & Crow patterns.

Works with timeframes 1H and higher and tested on all major pairs. Pay attention to the signal: An arrow indicating a long or short entry.


How It Works:

Arrows indicate a ongoing trend. After multiple bullish or bearish candles in a row the chances for another candle towards that trend is higher.


Instructions:

- Crow Count: Set the number of candles that need to support a bearish trend in a row. Default is 2.

- White Soldiers Count: Set the number of candles that need to support a bullish trend in a row. Default is 2.


Recommendation for setting SL and TP:

Set the SL slightly below/above (bullish/bearish) the opening of the signal candle. Set the TP for a similar amount towards the other direction and use a trailing stop loss. Using a trailing stop loss is essential for this strategy!

Disclaimer:

Use this indicator as decision support and do not enter trades purely on the signal. Depending on Volume and other factors the signals might be misleading.










































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Introducing   Quantum Breakout PRO , the groundbreaking MQL5 Indicator that's transforming the way you trade Breakout Zones! Developed by a team of experienced traders with trading experience of over 13 years,   Quantum Breakout PRO   is designed to propel your trading journey to new heights with its innovative and dynamic breakout zone strategy. Quantum Breakout Indicator will give you signal arrows on breakout zones with 5 profit target zones and stop loss suggestion based on the breakout b
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Market Structure Patterns   is an indicator based on   smart money concepts   that displays   SMC/ICT   elements that can take your trading decisions to the next level. Take advantage of the   alerts ,   push notifications   and   email messages   to keep informed from when an element is formed on the chart, the price crosses a level and/or enters in a box/zone. Developers can access the values of the elements of the indicator using the   global variables  what allows the automation of trading
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