HammondB3

B3 Buyer-Seller Breakouts

B3 Buyer-Seller Breakouts = If a bar is showing that it is moving in a direction with highs lows and close, all of which are >respectively< moving against the open from the bar before, then it prints indicating buyers or sellers bringing momentum. The arrows and cloud carry into the next bar to give lots of awareness of the micro-term momentum. The cloud represents the better price range from which to add to a position.

This study repaints within the bar, most of my indicators do not, but this one is about timing to get an edge on adding to your already in play position, becoming part of the needed momentum to hit profit targets faster. Also, this theory helps you add to winners, and if you never add to losers, you now have statistical odds in your favor. I got the idea for the study reading about turtle trader method and how that statistical edge is really why it works, always adding on every breakout. Keep in mind that I never buy or sell breakouts to initiate trades, only to scale in.

~Cheers!~ ~B3
Script open-source

Dans le plus pur esprit de TradingView, l'auteur de ce texte 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 les règles internes. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Vous voulez utiliser ce script sur un graphique ?
http://www.virtuosotrader.com ~ Personal Blog (no ads)

Commentaires

How to setting this code to MT4 plz help !!!!!!!!!!
+13 Répondre
Nice work!
+4 Répondre
I can't compile this code. Returns syntax errors
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@edvram, not sure what you mean... if you copy and paste with the version 2 line it doesn't compile? I was able to do that no issue just now. Oct 21, 2016 was the release date. It was sound upon release and the script works in my favorites, and I just copy pasted into a blank and it works. Best of luck to you. :)
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