OPEN-SOURCE SCRIPT
Rifle SHORT
Rifle Short Indicator
Provides buy/sell signals on DOW symbols including YM, MYM, and US30. Algorithm monitors price action for a drop of price of X points within N minutes. On achieving this drop, the algorithm waits for the price action to drop below one of three levels. Levels end in 23/43/73. For example, 42223 or 42273. Once dropping below the level the algorithm is considered setup if the RSI is below 30. Once setup, it will remain setup until the RSI exceeds 30 or a buy signal is triggered. A buy signal triggers when setup and the following conditions are achieved: price action rises above the level, change in RSI indicates an end/exhaustion of the price drop, and the bar has positive upward momentum.
After signal entry a customizable stop loss and take profit are plotted on the chart adjusting to price action. It will signal exit accordingly.
Requirements for use:
1) 30 second chart
2) Dow symbol
The script has a matching indicator for the LONG entry. Both indicators rely on common code within the RifleShooterLib library.
Additionally, the BackTesterLib library is used to provide backtesting statistics and presentation.
Provides buy/sell signals on DOW symbols including YM, MYM, and US30. Algorithm monitors price action for a drop of price of X points within N minutes. On achieving this drop, the algorithm waits for the price action to drop below one of three levels. Levels end in 23/43/73. For example, 42223 or 42273. Once dropping below the level the algorithm is considered setup if the RSI is below 30. Once setup, it will remain setup until the RSI exceeds 30 or a buy signal is triggered. A buy signal triggers when setup and the following conditions are achieved: price action rises above the level, change in RSI indicates an end/exhaustion of the price drop, and the bar has positive upward momentum.
After signal entry a customizable stop loss and take profit are plotted on the chart adjusting to price action. It will signal exit accordingly.
Requirements for use:
1) 30 second chart
2) Dow symbol
The script has a matching indicator for the LONG entry. Both indicators rely on common code within the RifleShooterLib library.
Additionally, the BackTesterLib library is used to provide backtesting statistics and presentation.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.