PROTECTED SOURCE SCRIPT
TTMW : Trend-Following HLR V1.2
Authored by Kuntanut - To The Milky Way
HLR Strategy :
HLR Strategy is developed from the HLR Indicator. HLR Strategy is the trend-following strategy, bases on the logic to follow the long position when the market is considered to entry the overbought area which means the assets is in the investor interested, and the fear-of-missing-out might be occurred, and the price will be driven to the moon.
The calculation of the HLR is modified from RSI indicator, the sources of high and low is replaced the close source in calculation. The EMA, WMA is replaced the RMA in the method of the calculation.
Entry Condition : The HLR indicator crosses the overbought area.
Close Condition : The HLR indicator crosses the oversold area.
* The Strategy is modified to use in 1D Timeframe.
HLR Strategy :
HLR Strategy is developed from the HLR Indicator. HLR Strategy is the trend-following strategy, bases on the logic to follow the long position when the market is considered to entry the overbought area which means the assets is in the investor interested, and the fear-of-missing-out might be occurred, and the price will be driven to the moon.
The calculation of the HLR is modified from RSI indicator, the sources of high and low is replaced the close source in calculation. The EMA, WMA is replaced the RMA in the method of the calculation.
Entry Condition : The HLR indicator crosses the overbought area.
Close Condition : The HLR indicator crosses the oversold area.
* The Strategy is modified to use in 1D Timeframe.
Script protégé
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