RobinHood S/R Bot

26 mar 2020

This script is used for setting stop-losses, or take profit areas for automated trading. It can also be used for manual TA. The gray lines represent long term support or resistance, and they closely follow the upper or lower Donchian
channel lines. The red resistance lines indicate where the resistances are, while the green support lines are an indication where the support is.

Four types of support and resistances can be automated, or used manually with SR Bot.
1) S/R Trailing
S/R Trailing follows the red and green support and resistance lines which are based on Donchain channels. The blue S/R Trailing support-line follows the green Donchian support-lines, and the red S/R Trailing resistance-line follows the red Donchian resistance-lines.
2) Candle Trailing
Candle Trailing will follow a specified number of candles behind the current one.
3) Static Stop
Static Stop can be placed anywhere, just enter the exact price you want it at.
4) CandleStick Stop
CandleStick Stop has three lines for bullish candlesticks and 3 lines for bearish candlesticks. All three lines can be custom set for entry, exit and take profit, and customized based on the candlestick pattern you are trading. Candlestick patterns are pulled from RobinHood Candles.

All four stop-loss types are set up with alerts, and can be used in all financial markets.
The S/R trailing stop repaints. The Candle Trailing, Static Stop, and Candlestick Stops do not repaint.

26 mar 2020

Note di rilascio

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