Great strategy used for intra-day trading. Do the reverse for short positions - set your stop loss inside the range. If you trade the range, based on whether you're going long/short, set your stop loss at the opposite of the outskirt of the range.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.