OPEN-SOURCE SCRIPT
Center of Gravity BF 🚀
Thanks to HPotter for the code I based this strategy on.
Center of Gravity calculation is based here on a linear regression function using the least squares method.
We use this to calculate a channel consisting of 2 lines, green and red on the chart
This strategy employs a dynamic stop loss function that measures stop loss placement based on recent ATR.
How signals are generated:
INSTRUCTIONS
Green background = Go Long, put your stop loss at the yellow dotted line
Red background = Go Short, put your stop loss at the orange dotted line
NB: The stop losses printed on the chart are calculated from the point of entry on a trade, if you make a different entry to what is indicated, the corresponding stop loss will be different to what the indicator displays.
Center of Gravity calculation is based here on a linear regression function using the least squares method.
We use this to calculate a channel consisting of 2 lines, green and red on the chart
This strategy employs a dynamic stop loss function that measures stop loss placement based on recent ATR.
How signals are generated:
- Price closes above green line = Go Long
- Price closes below red line = Go Short
- Yellow dotted line = stop loss based on long entry
- Orange dotted line = stop loss based on short entry
INSTRUCTIONS
Green background = Go Long, put your stop loss at the yellow dotted line
Red background = Go Short, put your stop loss at the orange dotted line
NB: The stop losses printed on the chart are calculated from the point of entry on a trade, if you make a different entry to what is indicated, the corresponding stop loss will be different to what the indicator displays.
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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