HammondB3

B3 Buyer-Seller Breakouts

B3 Buyer-Seller Breakouts = If a bar is showing that it is moving in a direction with highs lows and close, all of which are >respectively< moving against the open from the bar before, then it prints indicating buyers or sellers bringing momentum. The arrows and cloud carry into the next bar to give lots of awareness of the micro-term momentum. The cloud represents the better price range from which to add to a position.

This study repaints within the bar, most of my indicators do not, but this one is about timing to get an edge on adding to your already in play position, becoming part of the needed momentum to hit profit targets faster. Also, this theory helps you add to winners, and if you never add to losers, you now have statistical odds in your favor. I got the idea for the study reading about turtle trader method and how that statistical edge is really why it works, always adding on every breakout. Keep in mind that I never buy or sell breakouts to initiate trades, only to scale in.

~Cheers!~ ~B3

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?