OPEN-SOURCE SCRIPT

Wavetrend strategy with trading session for any time chart

Hello there

Today I am glad to provide you a strategy based on the wave trend oscillator. If you want to use it as an indicator, just disable long and short to not make any shops.

It works on all time frames.


The way it works its like an RSI .

We have overbought and oversold levels, and together with a channel and length we calculate the wave trend.

And then like in RSI, when we cross those lines we buy or sell depending on which lines we cross.


For risk management, so far its not implemented, but it can be done in many ways.

The only thing I applied is to always close a trade at the end of friday day. At the same time it can be applied the rule to sell when % of equity is lost, or at the end of a trading session like london,neywork and so on.


For any questions or doubts, let me know.


Hope you enjoy it :)


daytradefridaylondonnewyorkobosOscillatorsRelative Strength Index (RSI)scalpsessionswingTrend Analysis

Script open-source

Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Vous voulez utiliser ce script sur un graphique ?


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