OPEN-SOURCE SCRIPT
Special indicator CHoCH, Trend, Candlestick, RSI, Channel, S&D
Buy and Sell Signal Conditions: We now combine multiple conditions like candlestick patterns, trend analysis (CHoCH), and support/resistance to generate valid buy and sell signals.
RSI Confirmation: RSI is used only as confirmation for the signals and is not the sole condition for generating a signal.
Entry Points: Buy and sell signals will appear only when the conditions are met.
Exit Points: Exit points are displayed using plotshape when conditions like trend reversal or opposite signals occur.
How this script works:
Buy Signals are generated when a bullish candlestick or bullish pin bar occurs at or above a support level, and the market is in an uptrend with a bullish CHoCH. The RSI must also be in the oversold region for confirmation.
Sell Signals are generated when a bearish candlestick or bearish pin bar occurs at or below a resistance level, and the market is in a downtrend with a bearish CHoCH. The RSI must also be in the overbought region for confirmation.
Exit signals are generated if the opposite trend occurs or if the price moves beyond the support or resistance levels.
Support and Resistance Lines are drawn to help you visualize potential entry and exit zones.
Next Steps:
You can now test this on your chart to see the buy and sell signals generated.
If you still face any issues with the strategy, let me know so we can troubleshoot and refine it further.
RSI Confirmation: RSI is used only as confirmation for the signals and is not the sole condition for generating a signal.
Entry Points: Buy and sell signals will appear only when the conditions are met.
Exit Points: Exit points are displayed using plotshape when conditions like trend reversal or opposite signals occur.
How this script works:
Buy Signals are generated when a bullish candlestick or bullish pin bar occurs at or above a support level, and the market is in an uptrend with a bullish CHoCH. The RSI must also be in the oversold region for confirmation.
Sell Signals are generated when a bearish candlestick or bearish pin bar occurs at or below a resistance level, and the market is in a downtrend with a bearish CHoCH. The RSI must also be in the overbought region for confirmation.
Exit signals are generated if the opposite trend occurs or if the price moves beyond the support or resistance levels.
Support and Resistance Lines are drawn to help you visualize potential entry and exit zones.
Next Steps:
You can now test this on your chart to see the buy and sell signals generated.
If you still face any issues with the strategy, let me know so we can troubleshoot and refine it further.
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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