OPEN-SOURCE SCRIPT
Candle Type w/2Up + 2Dn v2.0
This script builds on Candle Type w/2Up + 2Dn by incorporating signals for inside + up, outside + up, + rev strat set-ups. All of these can be turned off if they compete w/ other indicators or just clutter up the chart.
Briefly, the script works based on #thestrat developed by Rob Smith and the 1-2-3 bar script coded by @Crinklebine. Candle Type w/2Up + 2Dn is a "fork" of Crinklebine's excellent indicator. I find the visualization of U-D-I-O (up/dn/inside/outside candles) easier to scan through 100's of charts than 1-2-3's. This is just personal preference, but they work based on the exact same principles. Performance is enhanced with a trend filter like boardriderb's "TC" script or similar timeframe continuity filters based on the #thestrat developed by Rob Smith. I also prefer an ATR-based trailing stop; Rob recommends pSAR for trailing stops.
Together these indicators form a power system, but users are still responsible for their own trade management, entries & exits, risk profiles, stop loss, etc.
Briefly, the script works based on #thestrat developed by Rob Smith and the 1-2-3 bar script coded by @Crinklebine. Candle Type w/2Up + 2Dn is a "fork" of Crinklebine's excellent indicator. I find the visualization of U-D-I-O (up/dn/inside/outside candles) easier to scan through 100's of charts than 1-2-3's. This is just personal preference, but they work based on the exact same principles. Performance is enhanced with a trend filter like boardriderb's "TC" script or similar timeframe continuity filters based on the #thestrat developed by Rob Smith. I also prefer an ATR-based trailing stop; Rob recommends pSAR for trailing stops.
Together these indicators form a power system, but users are still responsible for their own trade management, entries & exits, risk profiles, stop loss, etc.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.
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