SimpleTradingTechniques

PULLBACK CANDLESTICK STRATEGY BY SIMPLE TRADING TECHNIQUES

6953 visualizzazioni
325
Arrow represent trade setup

Circle represent triggering of the trade
--------------------------------------------------------------------
1. Where to place stop loss?
2. Where to exit the trade?
3. How to protect gains in your trade?
4. How to apply money management rule?
5. How to trade gap opening?

Script open-source

Nello spirito di condivisione promosso da TradingView, l'autore (al quale vanno i nostri ringraziamenti) ha deciso di pubblicare questo script in modalità open-source, così che chiunque possa comprenderlo e testarlo. Puoi utilizzarlo gratuitamente, ma il riutilizzo del codice è subordinato al rispetto del Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.

Vuoi usare questo script sui tuoi grafici?
//  By SIMPLE TRADING TECHNIQUES

//   	Arrow represent trade setup 
//   	Circle represent triggering of the trade
//--------------------------------------------------------------------

study(title="STT PULLBACK CANDLESTICK STRATEGY",overlay = true, shorttitle="STT PCS")
src = close, len = input(8, minval=1, title="Length")
up = rma(max(change(src), 0), len)
down = rma(-min(change(src), 0), len)
rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down))

//coloring method below

src1 = close, len1 = input(50, minval=1, title="UpLevel")
src2 = close, len2 = input(50, minval=1, title="DownLevel")
isup() => rsi > len1
isdown() => rsi < len2
barcolor(isup() ? green : isdown() ? red : na )

//study('buy/sell arrows', overlay=true)
lowest = lowest(low,(5))
highest = highest(high,(5))
pullbackB = (low == lowest) or (low[1] == lowest[1]) ? 1 : 0
pullbackS = (high == highest) or (high[1] == highest[1]) ? 1 : 0

value = (high - low) / 4
value1 = high - value
value2 = low + value

out = sma(close, 50)

data = (high > out ?  rsi > len1 ? pullbackB ? close >= value1 : na : na : na)  
data1 = (low < out ? rsi < len2 ? pullbackS ? close <= value2 : na : na : na)

plotchar(data, char='↑', location=location.belowbar, color=lime, text="PCS Buy")
plotchar(data1, char='↓', location=location.abovebar, color=red, text="PCS Sell")

//Trade Trigger
tiggerlongcandle = (data[1] == 1) and (high > high[1]) ? 1 : 0
tiggershortcandle = (data1[1] == 1) and (low < low[1]) ? 1 : 0
plotshape(tiggerlongcandle ? tiggerlongcandle : na, title="Triggered Long",style=shape.circle, location=location.belowbar, color=green, transp=0, offset=0, text="PCS")
plotshape(tiggershortcandle ? tiggershortcandle : na, title="Triggered Short",style=shape.circle, location=location.abovebar, color=red, transp=0, offset=0, text="PCS")

plot (out, color = black, linewidth = 3, title = "Trend - Long Term")

Commenti

Hello my friend, can this be used to get 1min pullbacks?
+1 Rispondi
Please help me install this indicator on MT4
Rispondi
@bossmann, this indicator is not available for MT4 at the moment
Rispondi
Who saw this trade? Leave your comment.
Rispondi