OPEN-SOURCE SCRIPT
Mis à jour 5/15-Min-ORB-Trend-Finder-WiP
Indicator Features:
> "Open" flag for each market day.
> Toggleable 5-min and 15-min High/Low markings.
> Horizontal support (red) and resistance (blue) lines.
> EMA-based trend line: green for long/buy, purple for short/sell.
> Recommended to use with my other indicator: Buy-or-Sell-WiP.
Strategy:
> Use with 1-min chart with 5-min High/Low or 5-min chart with 15-min High/Low
> After a breakout, wait for confirmation before placing a trade, which is:
- Two confirming candles (green for long/buy, red for short/sell)
and
- Buy-or-Sell-WiP histogram: green for long/buy, red for short/sell
> "Open" flag for each market day.
> Toggleable 5-min and 15-min High/Low markings.
> Horizontal support (red) and resistance (blue) lines.
> EMA-based trend line: green for long/buy, purple for short/sell.
> Recommended to use with my other indicator: Buy-or-Sell-WiP.
Strategy:
> Use with 1-min chart with 5-min High/Low or 5-min chart with 15-min High/Low
> After a breakout, wait for confirmation before placing a trade, which is:
- Two confirming candles (green for long/buy, red for short/sell)
and
- Buy-or-Sell-WiP histogram: green for long/buy, red for short/sell
Notes de version
Indicator Features:> "Open" flag for each market day.
> Toggleable 5-min and 15-min High/Low markings.
> Horizontal resistance lines (red) and support lines (blue).
> EMA-based trend line: green when up-trend, purple for down-trend.
> Recommended to be used with my other indicator: Buy-or-Sell-WiP.
Strategy:
> I use this exclusively with SPX, trading CALL/PUT credit spreads.
> Use the 1-min chart with 5-min High/Low, or use the 5-min chart with 15-min High/Low.
> After a breakout, wait for the confirmations before placing a trade, which are:
- Two consecutive confirming candles (green for going long/buy, red for going short/sell).
and
- Buy-or-Sell-WiP histogram: green for long/buy, red for short/sell.
> NOTE: Do not place a trade unless there are 10-points, or more from the "go" candle to the nearest resistance line (when going long/buy) or support line (when going short/sell); the reason being the market may not move enough for you to take profit once your trade fills; FYI, I usually try for $0.30 profit when trading CALL/PUT credit spreads.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.