OPEN-SOURCE SCRIPT
☼ MAH ☾ - High-Low Fractal Signal
This indicator works based on the market fractal and provides signals.
In a specific time interval that can be adjusted in the indicator settings window, the ceiling and floor of this range are determined, and whenever the price leaves this specified range, a buy or sell signal is issued according to the failure of each of these levels.
By looking at the situation, the trader can enter a position by observing all risk and capital management issues if he sees a suitable and powerful candle.
Note 1: To set the appropriate time frame, be sure to set the chart time to UTC+3:30, otherwise you must set the correct time frame in the indicator settings window and apply your time zone difference to it.
Note 2: The appropriate Time frame for this strategy is 5 and 15 minutes.
Note 3: It is better if the breakout candle is strong and has a small opposite shadow, and also if the candle is pulled back to the broken level and then a suitable candle is seen, the probability of this setup being successful increases.
I hope you find this indicator useful and please send me your feedback.
In a specific time interval that can be adjusted in the indicator settings window, the ceiling and floor of this range are determined, and whenever the price leaves this specified range, a buy or sell signal is issued according to the failure of each of these levels.
By looking at the situation, the trader can enter a position by observing all risk and capital management issues if he sees a suitable and powerful candle.
Note 1: To set the appropriate time frame, be sure to set the chart time to UTC+3:30, otherwise you must set the correct time frame in the indicator settings window and apply your time zone difference to it.
Note 2: The appropriate Time frame for this strategy is 5 and 15 minutes.
Note 3: It is better if the breakout candle is strong and has a small opposite shadow, and also if the candle is pulled back to the broken level and then a suitable candle is seen, the probability of this setup being successful increases.
I hope you find this indicator useful and please send me your feedback.
Script open-source
In pieno spirito TradingView, l'autore di questo script lo ha pubblicato open-source, in modo che i trader possano comprenderlo e verificarlo. Un saluto all'autore! È possibile utilizzarlo gratuitamente, ma il riutilizzo di questo codice in una pubblicazione è regolato dal nostro Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.
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