• Indicators,  M

    Master Candle Signal

    Master Candle Signal Indicator And How To Use Introduction Can find the same indicator for TradingView at the link below https://www.tradingview.com/script/zcs3vo1Q-Master-Candle-Breakout-V1/ Rules to follow around master candle trading strategy One primary rule that applies to the master candle is not to trade near the support/resistance If the support or resistance is closer than the size of the master candle, then refrain from trading Place a stop loss in the opposite direction of the trend at the other end of the master candle. For example, while entering a long position, the stop loss is placed at the low of the master candle An ideal master candle size is usually 30-150 ticks(percentage…