Ive been working on a factual analysis for some time now, it paints a PB text when a candle doesn't close lower than the previous 3,4,5.
As I am new to trading and pine scripts its a very basic script which seems to work when in AOI (Area of Interest) such as Support, lower channel trendline and near 50/100EMA when in an uptrend.
HTF fractals hold more strength and I tend to go with the HTF's and to alert the time of confirmation candle (which is when a either the 2nd or 3rd candle closes higher than the high of the PB)
This on its own doesn't hold weight and I like to see this as a poker game, the stronger my hand is, the more I am inclined to play the hand.
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.