OPEN-SOURCE SCRIPT
Combined Stochastic, ADX & Breakout
The indicator marks two potential buying points in a trend after a correction:
--- Made by @immortaltraderA find him on twitter ---
First Buy Signal Type:
Requirements:
Price must move above EMA9 first
Must have at least one lower high (correction)
Breakout above previous candle's high
Stop loss: Below the last low
Second Buy Signal Type:
Appears after a blue triangle above the candle (based on closing price)
Represents a deep technical correction (measured by Stochastic) in a strong uptrend (measured by ADX)
Additional requirement: Signal candle must be above EMA9 and above previous candle's high
Stop loss: Below the last low
Exit Strategy:
The sell signal has been removed from the indicator to reduce chart clutter
Better selling methods are recommended, such as selling at new highs
--- Made by @immortaltraderA find him on twitter ---
First Buy Signal Type:
Requirements:
Price must move above EMA9 first
Must have at least one lower high (correction)
Breakout above previous candle's high
Stop loss: Below the last low
Second Buy Signal Type:
Appears after a blue triangle above the candle (based on closing price)
Represents a deep technical correction (measured by Stochastic) in a strong uptrend (measured by ADX)
Additional requirement: Signal candle must be above EMA9 and above previous candle's high
Stop loss: Below the last low
Exit Strategy:
The sell signal has been removed from the indicator to reduce chart clutter
Better selling methods are recommended, such as selling at new highs
نص برمجي مفتوح المصدر
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
إخلاء المسؤولية
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.
نص برمجي مفتوح المصدر
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
إخلاء المسؤولية
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.