OPEN-SOURCE SCRIPT
Short Term Trade Setups

This is a collection of the following number of Short Term Trade Setups:
+ The Nail (one day reversal)
+ The Inference formation
+ Smash Day
+ Holy Grail
The are as described in the book (Swedish):
"Boken om Gerillatrading" by Johan Hellström, Peter Nilsson, Johnny Torssell
The intended use is to Enter often and Exit shortly after.
The Short Term Trade Setup panel consists of four rows:
Nail : 'green' Enter
Inference : 'green'
Smash : 'green' SMASH is setup, Enter when the price pass previous bars 'high'
Holy Grail : 'green' Enter
<all> : 'red' Exit if 'bars-to-hold' is enabled, or for the Nail: trailing ATR stop
Per default EXITs are made after 5 periods, but really, the EXIT may be effectuated
as soon as profit is made; these are 'Short-Term-Trades' after all...
For the Nail, I've implemented a trailing ATR-stop that may be enabled; if enabled
it will override the 5 period exit. The trailing ATR-stop is positioned: (ATR * Multiple)
below the highest price since the Nail gave Enter signal.
A more detailed description of how they work can be found at the top of the script itself.
+ The Nail (one day reversal)
+ The Inference formation
+ Smash Day
+ Holy Grail
The are as described in the book (Swedish):
"Boken om Gerillatrading" by Johan Hellström, Peter Nilsson, Johnny Torssell
The intended use is to Enter often and Exit shortly after.
The Short Term Trade Setup panel consists of four rows:
Nail : 'green' Enter
Inference : 'green'
Smash : 'green' SMASH is setup, Enter when the price pass previous bars 'high'
Holy Grail : 'green' Enter
<all> : 'red' Exit if 'bars-to-hold' is enabled, or for the Nail: trailing ATR stop
Per default EXITs are made after 5 periods, but really, the EXIT may be effectuated
as soon as profit is made; these are 'Short-Term-Trades' after all...
For the Nail, I've implemented a trailing ATR-stop that may be enabled; if enabled
it will override the 5 period exit. The trailing ATR-stop is positioned: (ATR * Multiple)
below the highest price since the Nail gave Enter signal.
A more detailed description of how they work can be found at the top of the script itself.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.