Pit Marker

Finally, you’ve found someone who does not promote a religious investment in magical lines, magical percentages with decimals, the magical world of Disney, Insane Clown Possee concepts, TTT sneeze, or a masked dude on YouTube selling an indicator whilst claiming a World Record that was never certified by a third party.

What you are looking at is the color-coded evaluation of the last 10 closes (current print excluded) relative to the 8 EMO.

The pit marker is only red if the current candle and the previous two closed below the EMO.

The pit marker is only green if the current candle and the previous two closed above the EMO.

Black is any other case.

There are several ways this can be useful, the 10-hour balance, and the last 3 prints, to determine if the market is a sell or a buy (this does not mean at market necessarily).

The biggest feature is after starting at this long enough is that the market does not turn on a dime, a reaction off a level does not automatically equate to a reversal and summa summarum there are only two cases that can lead to a reversal – rally.

See, after a red dot if the current candle decides to make a run, the rally would fail and you do not need to hedge/overhedge.

Each sustainable rally would require a black dot on the prior candle and the current candle either closing 5 pips+ higher than the EMO or printing a Doji just above the EMO.

The reversal is looking good, S2 reacted and there was a bounce back up to S1. Nothing says to buy.

//////////////Pit Array
if (Period()==60){
//10
if (Close[13]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,13) && Close[12]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,12) && Close[11]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,11)) 
pit[10]=-1;
if (Close[13]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,13) && Close[12]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,12) && Close[11]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,11)) 
pit[10]=1;
//9
if (Close[12]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,12) && Close[11]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,11) && Close[10]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,10)) 
pit[9]=-1;
if (Close[12]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,12) && Close[11]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,11) && Close[10]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,10)) 
pit[9]=1;
//8
if (Close[11]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,11) && Close[10]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,10) && Close[9]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,9)) 
pit[8]=-1;
if (Close[11]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,11) && Close[10]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,10) && Close[9]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,9)) 
pit[8]=1;
//7
if (Close[10]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,10) && Close[9]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,9) && Close[8]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,8)) 
pit[7]=-1;
if (Close[10]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,10) && Close[9]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,9) && Close[8]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,8)) 
pit[7]=1;
//6
if (Close[9]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,9) && Close[8]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,8) && Close[7]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,7)) 
pit[6]=-1;
if (Close[9]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,9) && Close[8]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,8) && Close[7]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,7)) 
pit[6]=1;
//5
if (Close[8]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,8) && Close[7]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,7) && Close[6]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,6)) 
pit[5]=-1;
if (Close[8]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,8) && Close[7]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,7) && Close[6]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,6)) 
pit[5]=1;
//4
if (Close[7]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,7) && Close[6]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,6) && Close[5]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,5)) 
pit[4]=-1;
if (Close[7]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,7) && Close[6]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,6) && Close[5]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,5)) 
pit[4]=1;
//3
if (Close[6]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,6) && Close[5]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,5) && Close[4]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,4)) 
pit[3]=-1;
if (Close[6]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,6) && Close[5]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,5) && Close[4]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,4)) 
pit[3]=1;
//2
if (Close[5]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,5) && Close[4]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,4) && Close[3]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,3)) 
pit[2]=-1;
if (Close[5]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,5) && Close[4]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,4) && Close[3]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,3)) 
pit[2]=1;
//1
if (Close[4]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,4) && Close[3]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,3) && Close[2]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,2)) 
pit[1]=-1;
if (Close[4]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,4) && Close[3]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,3) && Close[2]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,2)) 
pit[1]=1;
//0
if (Close[3]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,3) && Close[2]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,2) && Close[1]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,1)) 
pit[0]=-1;
if (Close[3]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,3) && Close[2]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,2) && Close[1]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,1)) 
pit[0]=1;


deletetxt1("PENELOPE");

  ObjectCreate("PENELOPE"+0,OBJ_LABEL,0, 0,0);
  ObjectSet("PENELOPE"+0,OBJPROP_CORNER,1);
  ObjectSet("PENELOPE"+0,OBJPROP_XDISTANCE,305);
  ObjectSet("PENELOPE"+0,OBJPROP_YDISTANCE,510);
  ObjectSetText("PENELOPE"+0,CharToStr(108),19,"Wingdings");
  ObjectSet("PENELOPE"+0,OBJPROP_COLOR,clrBlack); 
  if (pit[0]>0) ObjectSet("PENELOPE"+0,OBJPROP_COLOR,clrGreen); 
  if (pit[0]<0) ObjectSet("PENELOPE"+0,OBJPROP_COLOR,clrRed);  
  
  ObjectCreate("PENELOPE"+1,OBJ_LABEL,0, 0,0);
  ObjectSet("PENELOPE"+1,OBJPROP_CORNER,1);
  ObjectSet("PENELOPE"+1,OBJPROP_XDISTANCE,320);
  ObjectSet("PENELOPE"+1,OBJPROP_YDISTANCE,510);
  ObjectSetText("PENELOPE"+1,CharToStr(108),19,"Wingdings");
  ObjectSet("PENELOPE"+1,OBJPROP_COLOR,clrBlack); 
  if (pit[1]>0) ObjectSet("PENELOPE"+1,OBJPROP_COLOR,clrGreen); 
  if (pit[1]<0) ObjectSet("PENELOPE"+1,OBJPROP_COLOR,clrRed); 

  ObjectCreate("PENELOPE"+2,OBJ_LABEL,0, 0,0);
  ObjectSet("PENELOPE"+2,OBJPROP_CORNER,1);
  ObjectSet("PENELOPE"+2,OBJPROP_XDISTANCE,335);
  ObjectSet("PENELOPE"+2,OBJPROP_YDISTANCE,510);
  ObjectSetText("PENELOPE"+2,CharToStr(108),19,"Wingdings");
  ObjectSet("PENELOPE"+2,OBJPROP_COLOR,clrBlack); 
  if (pit[2]>0) ObjectSet("PENELOPE"+2,OBJPROP_COLOR,clrGreen); 
  if (pit[2]<0) ObjectSet("PENELOPE"+2,OBJPROP_COLOR,clrRed); 

  ObjectCreate("PENELOPE"+3,OBJ_LABEL,0, 0,0);
  ObjectSet("PENELOPE"+3,OBJPROP_CORNER,1);
  ObjectSet("PENELOPE"+3,OBJPROP_XDISTANCE,350);
  ObjectSet("PENELOPE"+3,OBJPROP_YDISTANCE,510);
  ObjectSetText("PENELOPE"+3,CharToStr(108),19,"Wingdings");
  ObjectSet("PENELOPE"+3,OBJPROP_COLOR,clrBlack); 
  if (pit[3]>0) ObjectSet("PENELOPE"+3,OBJPROP_COLOR,clrGreen); 
  if (pit[3]<0) ObjectSet("PENELOPE"+3,OBJPROP_COLOR,clrRed); 
  
  ObjectCreate("PENELOPE"+4,OBJ_LABEL,0, 0,0);
  ObjectSet("PENELOPE"+4,OBJPROP_CORNER,1);
  ObjectSet("PENELOPE"+4,OBJPROP_XDISTANCE,365);
  ObjectSet("PENELOPE"+4,OBJPROP_YDISTANCE,510);
  ObjectSetText("PENELOPE"+4,CharToStr(108),19,"Wingdings");
  ObjectSet("PENELOPE"+4,OBJPROP_COLOR,clrBlack); 
  if (pit[4]>0) ObjectSet("PENELOPE"+4,OBJPROP_COLOR,clrGreen); 
  if (pit[4]<0) ObjectSet("PENELOPE"+4,OBJPROP_COLOR,clrRed); 

  ObjectCreate("PENELOPE"+5,OBJ_LABEL,0, 0,0);
  ObjectSet("PENELOPE"+5,OBJPROP_CORNER,1);
  ObjectSet("PENELOPE"+5,OBJPROP_XDISTANCE,380);
  ObjectSet("PENELOPE"+5,OBJPROP_YDISTANCE,510);
  ObjectSetText("PENELOPE"+5,CharToStr(108),19,"Wingdings");
  ObjectSet("PENELOPE"+5,OBJPROP_COLOR,clrBlack); 
  if (pit[5]>0) ObjectSet("PENELOPE"+5,OBJPROP_COLOR,clrGreen); 
  if (pit[5]<0) ObjectSet("PENELOPE"+5,OBJPROP_COLOR,clrRed); 
  
  ObjectCreate("PENELOPE"+6,OBJ_LABEL,0, 0,0);
  ObjectSet("PENELOPE"+6,OBJPROP_CORNER,1);
  ObjectSet("PENELOPE"+6,OBJPROP_XDISTANCE,395);
  ObjectSet("PENELOPE"+6,OBJPROP_YDISTANCE,510);
  ObjectSetText("PENELOPE"+6,CharToStr(108),19,"Wingdings");
  ObjectSet("PENELOPE"+6,OBJPROP_COLOR,clrBlack); 
  if (pit[6]>0) ObjectSet("PENELOPE"+6,OBJPROP_COLOR,clrGreen); 
  if (pit[6]<0) ObjectSet("PENELOPE"+6,OBJPROP_COLOR,clrRed); 

  ObjectCreate("PENELOPE"+7,OBJ_LABEL,0, 0,0);
  ObjectSet("PENELOPE"+7,OBJPROP_CORNER,1);
  ObjectSet("PENELOPE"+7,OBJPROP_XDISTANCE,410);
  ObjectSet("PENELOPE"+7,OBJPROP_YDISTANCE,510);
  ObjectSetText("PENELOPE"+7,CharToStr(108),19,"Wingdings");
  ObjectSet("PENELOPE"+7,OBJPROP_COLOR,clrBlack); 
  if (pit[7]>0) ObjectSet("PENELOPE"+7,OBJPROP_COLOR,clrGreen); 
  if (pit[7]<0) ObjectSet("PENELOPE"+7,OBJPROP_COLOR,clrRed); 

  ObjectCreate("PENELOPE"+8,OBJ_LABEL,0, 0,0);
  ObjectSet("PENELOPE"+8,OBJPROP_CORNER,1);
  ObjectSet("PENELOPE"+8,OBJPROP_XDISTANCE,425);
  ObjectSet("PENELOPE"+8,OBJPROP_YDISTANCE,510);
  ObjectSetText("PENELOPE"+8,CharToStr(108),19,"Wingdings");
  ObjectSet("PENELOPE"+8,OBJPROP_COLOR,clrBlack); 
  if (pit[8]>0) ObjectSet("PENELOPE"+8,OBJPROP_COLOR,clrGreen); 
  if (pit[8]<0) ObjectSet("PENELOPE"+8,OBJPROP_COLOR,clrRed); 

  ObjectCreate("PENELOPE"+9,OBJ_LABEL,0, 0,0);
  ObjectSet("PENELOPE"+9,OBJPROP_CORNER,1);
  ObjectSet("PENELOPE"+9,OBJPROP_XDISTANCE,440);
  ObjectSet("PENELOPE"+9,OBJPROP_YDISTANCE,510);
  ObjectSetText("PENELOPE"+9,CharToStr(108),19,"Wingdings");
  ObjectSet("PENELOPE"+9,OBJPROP_COLOR,clrBlack); 
  if (pit[9]>0) ObjectSet("PENELOPE"+9,OBJPROP_COLOR,clrGreen); 
  if (pit[9]<0) ObjectSet("PENELOPE"+9,OBJPROP_COLOR,clrRed); 

  ObjectCreate("PENELOPE"+10,OBJ_LABEL,0, 0,0);
  ObjectSet("PENELOPE"+10,OBJPROP_CORNER,1);
  ObjectSet("PENELOPE"+10,OBJPROP_XDISTANCE,455);
  ObjectSet("PENELOPE"+10,OBJPROP_YDISTANCE,510);
  ObjectSetText("PENELOPE"+10,CharToStr(108),19,"Wingdings");
  ObjectSet("PENELOPE"+10,OBJPROP_COLOR,clrBlack); 
  if (pit[10]>0) ObjectSet("PENELOPE"+10,OBJPROP_COLOR,clrGreen); 
  if (pit[10]<0) ObjectSet("PENELOPE"+10,OBJPROP_COLOR,clrRed); 


if (Close[0]>iMA(symbol,0,8,0,MODE_EMA,PRICE_MEDIAN,207)){
   
     if (pit[9]==0 && Close[11]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,11) 
      && (Close[10]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,10)+50*Point || (Close[10]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,10) && Open[10]-Close[10]<30*Point)))
    {
      ObjectCreate("PENELOPE"+12,OBJ_LABEL,0, 0,0);
      ObjectSet("PENELOPE"+12,OBJPROP_CORNER,1);
      ObjectSet("PENELOPE"+12,OBJPROP_XDISTANCE,440);
      ObjectSet("PENELOPE"+12,OBJPROP_YDISTANCE,490);
      ObjectSetText("PENELOPE"+12,CharToStr(241),19,"Wingdings");
      ObjectSet("PENELOPE"+12,OBJPROP_COLOR,clrGreen); 
  }
  if (pit[9]==0 && Close[10]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,10) 
      && (Close[9]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,9)+50*Point || (Close[9]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,9) && Open[9]-Close[9]<30*Point)))
    {
      ObjectCreate("PENELOPE"+13,OBJ_LABEL,0, 0,0);
      ObjectSet("PENELOPE"+13,OBJPROP_CORNER,1);
      ObjectSet("PENELOPE"+13,OBJPROP_XDISTANCE,425);
      ObjectSet("PENELOPE"+13,OBJPROP_YDISTANCE,490);
      ObjectSetText("PENELOPE"+13,CharToStr(241),19,"Wingdings");
      ObjectSet("PENELOPE"+13,OBJPROP_COLOR,clrGreen); 
  }
  if (pit[8]==0 && Close[9]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,9) 
      && (Close[8]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,8)+50*Point || (Close[8]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,8) && Open[8]-Close[8]<30*Point)))
    {
      ObjectCreate("PENELOPE"+14,OBJ_LABEL,0, 0,0);
      ObjectSet("PENELOPE"+14,OBJPROP_CORNER,1);
      ObjectSet("PENELOPE"+14,OBJPROP_XDISTANCE,410);
      ObjectSet("PENELOPE"+14,OBJPROP_YDISTANCE,490);
      ObjectSetText("PENELOPE"+14,CharToStr(241),19,"Wingdings");
      ObjectSet("PENELOPE"+14,OBJPROP_COLOR,clrGreen); 
  }
 if (pit[7]==0 && Close[8]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,8) 
      && (Close[7]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,7)+50*Point || (Close[7]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,7) && Open[7]-Close[7]<30*Point)))
    {
      ObjectCreate("PENELOPE"+15,OBJ_LABEL,0, 0,0);
      ObjectSet("PENELOPE"+15,OBJPROP_CORNER,1);
      ObjectSet("PENELOPE"+15,OBJPROP_XDISTANCE,395);
      ObjectSet("PENELOPE"+15,OBJPROP_YDISTANCE,490);
      ObjectSetText("PENELOPE"+15,CharToStr(241),19,"Wingdings");
      ObjectSet("PENELOPE"+15,OBJPROP_COLOR,clrGreen); 
  }
 if (pit[6]==0 && Close[7]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,7) 
      && (Close[6]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,6)+50*Point || (Close[6]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,6) && Open[6]-Close[6]<30*Point)))
    {
      ObjectCreate("PENELOPE"+15,OBJ_LABEL,0, 0,0);
      ObjectSet("PENELOPE"+15,OBJPROP_CORNER,1);
      ObjectSet("PENELOPE"+15,OBJPROP_XDISTANCE,380);
      ObjectSet("PENELOPE"+15,OBJPROP_YDISTANCE,490);
      ObjectSetText("PENELOPE"+15,CharToStr(241),19,"Wingdings");
      ObjectSet("PENELOPE"+15,OBJPROP_COLOR,clrGreen); 
  }
 if (pit[5]==0 && Close[6]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,6) 
      && (Close[5]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,5)+50*Point || (Close[5]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,5) && Open[5]-Close[5]<30*Point)))
    {
      ObjectCreate("PENELOPE"+16,OBJ_LABEL,0, 0,0);
      ObjectSet("PENELOPE"+16,OBJPROP_CORNER,1);
      ObjectSet("PENELOPE"+16,OBJPROP_XDISTANCE,365);
      ObjectSet("PENELOPE"+16,OBJPROP_YDISTANCE,490);
      ObjectSetText("PENELOPE"+16,CharToStr(241),19,"Wingdings");
      ObjectSet("PENELOPE"+16,OBJPROP_COLOR,clrGreen); 
  }   
 if (pit[4]==0 && Close[5]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,5) 
      && (Close[4]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,4)+50*Point || (Close[4]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,4) && Open[4]-Close[4]<30*Point)))
    {
      ObjectCreate("PENELOPE"+17,OBJ_LABEL,0, 0,0);
      ObjectSet("PENELOPE"+17,OBJPROP_CORNER,1);
      ObjectSet("PENELOPE"+17,OBJPROP_XDISTANCE,350);
      ObjectSet("PENELOPE"+17,OBJPROP_YDISTANCE,490);
      ObjectSetText("PENELOPE"+17,CharToStr(241),19,"Wingdings");
      ObjectSet("PENELOPE"+17,OBJPROP_COLOR,clrGreen); 
  }       
 if (pit[3]==0 && Close[4]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,4) 
      && (Close[3]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,3)+50*Point || (Close[3]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,3) && Open[3]-Close[3]<30*Point)))
    {
      ObjectCreate("PENELOPE"+18,OBJ_LABEL,0, 0,0);
      ObjectSet("PENELOPE"+18,OBJPROP_CORNER,1);
      ObjectSet("PENELOPE"+18,OBJPROP_XDISTANCE,335);
      ObjectSet("PENELOPE"+18,OBJPROP_YDISTANCE,490);
      ObjectSetText("PENELOPE"+18,CharToStr(241),19,"Wingdings");
      ObjectSet("PENELOPE"+18,OBJPROP_COLOR,clrGreen); 
  }        
 if (pit[2]==0 && Close[3]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,3) 
      && (Close[2]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,2)+50*Point || (Close[2]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,2) && Open[2]-Close[2]<30*Point)))
    {
      ObjectCreate("PENELOPE"+19,OBJ_LABEL,0, 0,0);
      ObjectSet("PENELOPE"+19,OBJPROP_CORNER,1);
      ObjectSet("PENELOPE"+19,OBJPROP_XDISTANCE,320);
      ObjectSet("PENELOPE"+19,OBJPROP_YDISTANCE,490);
      ObjectSetText("PENELOPE"+19,CharToStr(241),19,"Wingdings");
      ObjectSet("PENELOPE"+19,OBJPROP_COLOR,clrGreen); 
  }        
if (pit[1]==0 && Close[2]<iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,2) 
      && (Close[1]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,1)+50*Point || (Close[1]>iMA(symbol,0,8,0,MODE_EMA,PRICE_OPEN,1) && Open[1]-Close[1]<30*Point)))
    {
      ObjectCreate("PENELOPE"+20,OBJ_LABEL,0, 0,0);
      ObjectSet("PENELOPE"+20,OBJPROP_CORNER,1);
      ObjectSet("PENELOPE"+20,OBJPROP_XDISTANCE,305);
      ObjectSet("PENELOPE"+20,OBJPROP_YDISTANCE,490);
      ObjectSetText("PENELOPE"+20,CharToStr(241),19,"Wingdings");
      ObjectSet("PENELOPE"+20,OBJPROP_COLOR,clrGreen); 
  } 
 
  
}  




}

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