This indicator show higher high + higher low and lower high + lower low -> based on RSI modification.
HOW I USE
On a longsetup I set a buyorder on the high, if the RSI swings show red the first time. My stoploss I choose on the lowest price from the red swing before.
After every ending bar without tradeentry I move the buyorder step by step on the last high...
The price always returns to the average !!!
An important separation of the price with respect to an average, indicates a depth and generally generates a reversion or correction in the trend. Depth detection is a simple and very powerful technique, it is widely used for scalping and pyramid operations, this indicator detects depth in 7 time frames, everything is...
This code is fofr you to change it and transform a strategy into a study and avoid pyramiding just by editting this lines
longcondition= buy_entry and buy_zone
shortcondition= sell_entry and sell_zone
longcondition= 'YOUR CONDITION HERE'
shortcondition= 'YOUR CONDITION HERE'
and using your own conditions
This particular strategy is only as...