🕯➡️ This indicator shows a single chart with the open, high, low, and close prices for a selected period. This eliminates the need for traders to flip between charts to view the price activity over a longer time frame.
Easy Darvas Box.ex4 |
🟢Wait for the price to cross above the Open level of the larger time frame.
🟢Confirm that the price is also above the Low and Close levels of the larger time frame.
🟢Enter a buy order at the start of the next candle.
🟢Set the stop-loss below the Low level of the larger time frame.
🟢Set the take-profit at a level that gives a risk/reward ratio of at least 1:2
➡️Sell Entry
🟠Wait for the price to cross below the Open level of the larger time frame.
🟠Confirm that the price is also below the High and Close levels of the larger time frame.
🟠Enter a sell order at the start of the next candle.
🟠Set the stop-loss above the High level of the larger time frame.
🟠Set the take-profit at a level that gives a risk/reward ratio of at least 1:2.