I used the TOS link to share/import but the NQ 1 minute (labeled Scalp Pro in TOS) script into think or swim. I don't think that for some reason the arrows are working correctly to appear at the right moment, nor the profit bubble that appears at the specific candle has anything close to a correct profit amount, unless there's something drastically misunderstood on my part. I have screenshots of two different instances. It is my understanding from the strategy video by the Quant guy, for a short reversal trade set up, there will be a green a candle, followed by a candle that starts green but closes down/red, but has a higher lull and a higher high. And then the trade entry is triggered when the third candle closes below the tail/Low price of the middle candle that reversed. Correct? And a long trade entry, has the opposite candle pattern set up.
Please respond to the scenario described in both images below, thank you in advance.
Image number one below, shows the initial up green candle followed by a reversing read candle, but the third candle, not only is it green, it never pierces the Low of the center candle, and how in the world could this supposed short trade generate $1,060? Also, one other minor question is whether the signal arrow will appear/point to the reversing arrow as it does in this image number one, or the entry candle, as it appears in image number two below?
Image number two below, shows the correct candle scenario for a short trade, according to what I understand from the strategy video (however, I do understand that the candles are above the 10 EMA so I wouldn't take the trade), but why is the candle pointing upward for a long trade signal?
Thank you in advance for any help & guidance.
Please respond to the scenario described in both images below, thank you in advance.
Image number one below, shows the initial up green candle followed by a reversing read candle, but the third candle, not only is it green, it never pierces the Low of the center candle, and how in the world could this supposed short trade generate $1,060? Also, one other minor question is whether the signal arrow will appear/point to the reversing arrow as it does in this image number one, or the entry candle, as it appears in image number two below?
Image number two below, shows the correct candle scenario for a short trade, according to what I understand from the strategy video (however, I do understand that the candles are above the 10 EMA so I wouldn't take the trade), but why is the candle pointing upward for a long trade signal?
Thank you in advance for any help & guidance.
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