Green Over Red Candle - GORC

Alert anytime a Green Candle is over a Red Candle after touching EMA 20 periods

Every time a green candle surpassed red candle after that previous candle cross or touch exponential average of 20 periods and alert is showed in chart

It considers that previous red candle has been losing strength after crossing or barely touching EMA 20

Also SMA of 50 and 200 periods are show as indicators in order to stablish targets or stop losses.

Future versions will show direct rebounds and price targets

Notes de version:

Update: Sep 03 / 2020:

+ Alert is showed only when price is over SMA 50 and SMA 200 periods. Uptrend tendency

+ Pivots Highs and Lows (10 Bars)

Next version will show potential stop losses and take profits

Notes de version:

Update:

- Dismiss alert, when long upper tails appears in green candle after overpassing previous red candle

Notes de version:

UPDATE: Make signal of Green over Red candle, cleaner and minimalist (PUM! signal)

Notes de version:

UPDATE: Now checking rebounds in MA 50 for a green over red candle

Notes de version:

Added VWAP hcl3 option
The volume weighted average price (VWAP) is a trading benchmark used by traders that gives the average price a security has traded at throughout the day, based on both volume and price. It is important because it provides traders with insight into both the trend and value of a security.