Script:

_SECTION_BEGIN( "Mother Candle Formation Strategy" );

SetPositionSize( 1, spsShares );
SetBarsRequired( sbrAll, sbrAll );

SetChartOptions( 0, chartShowArrows | chartShowDates );

SetChartBkGradientFill( colorBlack, colorBlack, colorBlack );
Plot( C, "", IIf( C > O, colorBlueGrey, IIf( C <= O, colorOrange,
colorLightGrey ) ), 64 | styleNoTitle, 0, 0, 0, 0 );

GraphXSpace = 10;

DN = DateNum();
TN = TimeNum();

function Asign( x )
{
y = Null;

for( i = 0; i < BarCount; i++ )

{
y[i] = x;
}

return y;
}

Target = Param( "Target %", 1, 0.1, 50, 0.01 ) / 100;

StopLoss = Param( "Stop Loss %", 0.75, 0.1, 50, 0.01 ) / 100;
DaysTrades = Param( "Trades / Day", 2, 0, 50, 1 );

DayStart = DN != Ref( DN, -1 );

DayEnd = Ref( DayStart, 1 );
////If below line ( MotherCandle();) is in Black color please install microsoft
visual c++ 2017 redistributable package (x86).
//you Can dowload from microsoft website" https://go.microsoft.com/fwlink/?
LinkId=746571 ".
MotherCandle();

Buy = Asign( False );

Sell = Asign( False );
Short = Asign( False );
Cover = Asign( False );

BuyPrice = Null;
ShortPrice = Null;

BYPRSV = Null;
SHPRSV = Null;

LF1 = False;
LF2 = False;
SF1 = False;
SF2 = False;

LSL = Null;
SSL = Null;
LTGT = Null;
STGT = Null;

count = 0;

for( i = 1; i < BarCount; i++ )

{
if( DayStart[i] == True )
{
count = 0;
}

// Long Trade
if( BuyTrig[i] != 0 && High[i] >= BuyTrig[i] && LF1 == False && LF2 == False &&
DayStart[i] == False && count < DaysTrades )
{
Buy[i] = True;
LF1 = True;
BYPRSV = BuyTrig[i];

if( Open[i] > BYPRSV )

{
BYPRSV = Open[i];
}

LF2 = True;
count++;
}

if( LF1 == False && Close[i - 1] < BuyTrig[i] )

{
LF2 = False;
}

if( LF1 == True )

{
BuyPrice[i] = BYPRSV;
LSL[i] = BYPRSV - ( BYPRSV * StopLoss );
LTGT[i] = BYPRSV + ( BYPRSV * Target );
}

if( LF1 == True && High[i] > LTGT[i] )

{
Sell[i] = True;
SellPrice[i] = Close[i];
LF1 = False;
BuyPrice[i] = Null;
LSL[i] = Null;
LTGT[i] = Null;
}

if( LF1 == True && Low[i] < LSL[i] )

{
Sell[i] = True;
SellPrice[i] = Close[i];
LF1 = False;
BuyPrice[i] = Null;
LSL[i] = Null;
LTGT[i] = Null;
}

if( LF1 == True && DayEnd[i] == True )

{
Sell[i] = True;
SellPrice[i] = Close[i];
LF1 = False;
BuyPrice[i] = Null;
LSL[i] = Null;
LTGT[i] = Null;
}

// Short Trade
if( ShortTrig[i] != 0 && Low[i] < ShortTrig[i] && SF1 == False && SF2 == False &&
DayStart[i] == False && count < DaysTrades )
{
Short[i] = True;
SF1 = True;
SHPRSV = ShortTrig[i];

if( Open[i] < SHPRSV )

{
SHPRSV = Open[i];
}

SF2 = True;
count++;
}

if( SF1 == False && Close[i - 1] > ShortTrig[i] )

{
SF2 = False;
}

if( SF1 == True )

{
ShortPrice[i] = SHPRSV;
SSL[i] = SHPRSV + ( SHPRSV * StopLoss );
STGT[i] = SHPRSV - ( SHPRSV * Target );
}

if( SF1 == True && Low[i] < STGT[i] )

{
Cover[i] = True;
CoverPrice[i] = Close[i];
SF1 = False;
ShortPrice[i] = Null;
SSL[i] = Null;
STGT[i] = Null;
}

if( SF1 == True && High[i] > SSL[i] )

{
Cover[i] = True;
CoverPrice[i] = Close[i];
SF1 = False;
ShortPrice[i] = Null;
SSL[i] = Null;
STGT[i] = Null;
}

if( SF1 == True && DayEnd[i] == True )

{
Cover[i] = True;
CoverPrice[i] = Open[i];
SF1 = False;
ShortPrice[i] = Null;
SSL[i] = Null;
STGT[i] = Null;
}
}

Plot( BuyPrice, "Buy Price", colorYellow, styleStaircase | styleDashed );

Plot( LTGT, "Long Target", colorBrightGreen, styleStaircase | styleDashed );
Plot( LSL, "Long Stop Loss", colorCustom12, styleStaircase | styleDashed );

Plot( ShortPrice, "Short Price", colorYellow, styleStaircase | styleDashed );

Plot( STGT, "Short Target", colorBrightGreen, styleStaircase | styleDashed );
Plot( SSL, "Short StopLoss", colorCustom12, styleStaircase | styleDashed );

PlotShapes( IIf( Buy, shapeUpArrow, shapeNone ), colorBlueGrey, 0, Low, -15, 0 );

PlotShapes( IIf( Short, shapeDownArrow, shapeNone ), colorOrange, 0, High, -15,
0 );
PlotShapes( IIf( Cover, shapeCircle, shapeNone ), colorBlueGrey, 0, Low, -35, 0 );
PlotShapes( IIf( Sell, shapeCircle, shapeNone ), colorOrange, 0, High, 35, 0 );

_SECTION_END();