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Naked Forex Big Shadow Indicator (TradingView)
Big Shadow Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities, and Cryptos.
When you have a Big Shadow on your chart then this is a strong signal meaning that you might be ahead of a reversal. You can take other elements (momentum, trend, volatility, price action, fundamentals) to build a complete strategy and confirm your entries. Beware that you might not make money just following the arrows generated by the pattern recognition.
The Big Shadow pattern is a simple and effective pattern to trade.
The strategy that comes with the Big Shadow is based on price action.
Inputs of the indicator are:
The alerts are managed by TradingView trading platform features and not by the indicator itself. You must use Big Shadow Sell less than zero and Big Shadow Buy greater than zero as settings for the alerts.
Example of BUY alerts settings : BUY example
Example of SELL alerts settings : SELL example
Beware that TradingView limits the number of alerts you can receive according to the plan you subscribed with the platform. If receiving alerts is important for you then you should investigate carefully this aspect before purchasing the indicator. Maybe Metatrader would be a better option to receive unlimited alerts.
Beware that alerts are managed by TradingView trading platform features and not by the indicator itself. We provide settings for alerts as a courtesy. If you have problems with alerts or need special settings then please contact TradingView support since alerting is not a feature managed by the indicator.
The Big Shadow indicator can be used with any class of assets: Forex, Stocks, Indices, Futures, Commodities and Cryptos.
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