Signals & Chart Anatomy
AIMS LOBOT Cherry merges the Cherry Reversal Pin-Bar pattern with the day-bounded Session Open baseline and Grant's AO momentum filter.
Anatomy of the Cherry Candlestick Pattern
A "Cherry" represents an institutional liquidity probe—a rapid sweep of a recent swing high or low that fails to sustain follow-through and closes aggressively back inside:
Bullish Cherry Characteristics:
- Liquidity Sweep: Bar Low pierces below the previous bar's Low (
Low[0] < Low[1]). - Structural Extreme: Bar Low is the lowest low across the lookback period (
Low[0] <= Lowest_X, default 3 bars). - Midpoint Rejection: Bar closes firmly in the upper half of its total range (
Close[0] > Midpoint[0]). - Volatility Cap: Bar range remains
<= 10pips on M1, or<= 3.0 * ATR(60)on higher timeframes.
Bearish Cherry Characteristics:
- Liquidity Sweep: Bar High pierces above the previous bar's High (
High[0] > High[1]). - Structural Extreme: Bar High is the highest high across the lookback period (
High[0] >= Highest_X, default 3 bars). - Midpoint Rejection: Bar closes firmly in the lower half of its total range (
Close[0] < Midpoint[0]). - Volatility Cap: Within maximum ATR expansion bounds.
Directional Session Open Filter
To eliminate counter-trend wicks that form against the prevailing session bias:
- 🔵 Buy Cherry: Must form with its High/Close above the Daily Open Line (
Low > OpenLine, orHigh > OpenLineandClose >= OpenLine).- Renders a small native Blue Arrow (Wingdings
#241▲) below the candle. - Projects entry line at
High + InpBufferPipsand SL atLow - InpBufferPips.
- Renders a small native Blue Arrow (Wingdings
- 🔴 Sell Cherry: Must form with its Low/Close below the Daily Open Line (
High < OpenLine, orLow < OpenLineandClose < OpenLine).- Renders a small native Red Arrow (Wingdings
#242▼) above the candle. - Projects entry line at
Low - InpBufferPipsand SL atHigh + InpBufferPips.
- Renders a small native Red Arrow (Wingdings
Programmatic Buffers (iCustom Integration)
| Buffer Index | Name | Type | Value Range | Description |
|---|---|---|---|---|
| 0 | BuySignalBuffer | DRAW_ARROW | Price or 0.0 | Value holds entry price when Buy arrow is plotted |
| 1 | SellSignalBuffer | DRAW_ARROW | Price or 0.0 | Value holds entry price when Sell arrow is plotted |
| 2 | DailyOpenBuffer | DRAW_NONE | Price level | Day-bounded Session Open price level |
| 3 | CherrySignalBuffer | DRAW_NONE | 1.0, -1.0, 0.0 | 1.0 (Bull Cherry), -1.0 (Bear Cherry), 0.0 (None) |