Uses Bollinger Bands (no basis line) and a 9 period EMA.
Waits for price to close below the lower Bollinger Band and the next candle to close bullish above the lower Bollinger Band but below the 9 Period EMA.
If all conditions are met, the script enters a long position with TP at the 9 Period EMA.
Notes de version
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Fixed the entry and exit conditions. Better code in general.
It will not hit SL frequently if we change long condition and short condition as per below long = close[3] < lower and close[2] > lower and close[1] > lower and close > lower and close < ema9
cabierman
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@Sruthika, how would this be coded for the long only part?
Liciande
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Best script on TV, Thanx man
substantialChi19583
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Nice and thank you sir! if can improve a bit more on more profit features if can still foresee the profitability formula based on fibonacci
long = close[3] < lower and close[2] > lower and close[1] > lower and close > lower and close < ema9