OPEN-SOURCE SCRIPT
Daily HIGH/LOW strategy
This is a DAILY High/LOW strategy combined with a moving average and volume for more accuracy.
The rules are simple :
For long if we had a cross of the high with the previous high and close of the candle is above moving average and chaikin money flow volume is positive we have a long entry.
We exit when we cross down the moving average with the close of the candle.
For short if we had a crossdown of the low with the previous low and close of the candle is below moving average and chaikin money flow volume is negative we have a short entry.
We exit when we cross above the moving average with the close of the candle.
This strategy has no risk management inside so use it with caution.
If you have any questions, let me know
The rules are simple :
For long if we had a cross of the high with the previous high and close of the candle is above moving average and chaikin money flow volume is positive we have a long entry.
We exit when we cross down the moving average with the close of the candle.
For short if we had a crossdown of the low with the previous low and close of the candle is below moving average and chaikin money flow volume is negative we have a short entry.
We exit when we cross above the moving average with the close of the candle.
This strategy has no risk management inside so use it with caution.
If you have any questions, let me know
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
🔻My Website: hercules.money/
🔻Blog: hercules.money/blog/
🔻Telegram : t.me/hercules_trading
🔻Discord: discord.gg/hudcJvcCAq
🔻Blog: hercules.money/blog/
🔻Telegram : t.me/hercules_trading
🔻Discord: discord.gg/hudcJvcCAq
Disclaimer
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