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OPEN-SOURCE SCRIPT

Seth_Signal

Par Seth_Thada
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This script designed to identify up, down, and sideways trends. 200 HMA , 9 EMA , PSAR, and ATR are used to identify the strength of any instrument.

Candle Colors - Simpler approach to follow:

Green color indicates for up side trade signals
Red color indicates for down side trade signals
Yellow color can be interpreted for stop, sideways, and counter trade trade signals

Multiple Trade Setups:


Green Zone - Trading green candles within green zone has better odds of long trades
Red Zone - Trading red candles within red zone has better odds of short trades
200 HMA - Candles above 200 HMA mostly for long trades. Candles below 200 HMA usually for short trades. But the zone also very important to consider
9 EMA - Cross over above 200 HMA in Green zone, look for long trades. Cross over below 200 HMA in red zone, look for short trades
PSAR - This can be used as potential initial warning sign. Also can be used to exit partial or wait for it goes to opposite side for taking trade decisions
Candle Above all - If Green candle and above all the indicators, then very good sign of long side. If red candle and below all indicators, then very good sign of short side.

Multiple Time Frame:

This works very well with any instrument and on any time frame. Always its better to do analysis on multi time frame before entry, exit, and trade execution. Back test it with this setup and also observe it on live market. That will give edge in taking trade decisions. All the best and happy trading.
Notes de version
update zone length & zone multiplier
Notes de version
update
Notes de version
update
Notes de version
Update Zone Multiplier
Notes de version
update zoneLength & zoneMultiplier
Notes de version
update zoneLength
Notes de version
update zonelength
Notes de version
update
Average True Range (ATR)Hull Moving Average (HMA)Moving AveragesSETHSTH

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 ?

Seth_Thada

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