OPEN-SOURCE SCRIPT
Actualizado True Barcolor
Heikin Ashi can be useful for understanding trend based on price action but it doesn't take volume in context. Here I have tried to use volume for understanding true bar color and ultimately true trend analysis. It can also help you in not getting trapped in sudden shakeouts. Also, you can use it for averaging of your existing position.
Conditions used:
Conditions used:
- Relative closing price
- Relative volume against previous bar and overall moving average of volume
- Volume analysis
- Trend analysis
Notas de prensa
Updated to version 5Notas de prensa
Trailing stoploss is added in the script to highlight when to minimize the risk and Improve R:R ratioNotas de prensa
Limited number of Trailing stoploss lines display period.Notas de prensa
Trend reversal must be confirmed by closing above or below trailing StoplossNotas de prensa
Tutorial for the script added along with the the scenario like supertrendNotas de prensa
*potential entry points added
*reversal signals are added for profit booking
Notas de prensa
Few updates on stoplosses !!Notas de prensa
Trailing SL updatedScript de código abierto
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.
Exención de responsabilidad
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Script de código abierto
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.
Exención de responsabilidad
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.