This script, titled "Easy Profit 500-1000 Buy Sell By DSW with Support and Resistance," is designed for use in TradingView and provides a simple yet effective trading strategy. The indicator uses moving averages to generate buy and sell signals based on crossovers between a fast (9-period) and slow (21-period) simple moving average (SMA). When the fast MA crosses above the slow MA, a buy signal is triggered, and when the fast MA crosses below the slow MA, a sell signal is generated. Additionally, the script integrates the Relative Strength Index (RSI) for confirmation, using an overbought level of 70 and an oversold level of 30 to further refine the buy and sell signals. Enhanced buy and sell signals are plotted when the crossover conditions align with the RSI confirmation, providing clearer entry and exit points. The script also includes dynamic support and resistance levels based on the highest high and lowest low over a customizable lookback period, helping traders identify key price levels. The resistance and support lines are plotted directly on the chart, with the resistance level marked in red and the support level in green. An optional shaded area between support and resistance can also be displayed to visually highlight potential trading ranges.
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.
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