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OPEN-SOURCE SCRIPT

CHK FOLLOW THE STAIRS

By Chakku
CHK FOLLOW THE STAIRS....

  • The stairs are nothing but HIGH LOW CHANNEL at HTF or LTF
    I observed 10 Period Moving Average an optimum length for the Staircase
    you can change it to 8 or 13, one will generate noise, other will generate lag
    Tinker with the Staircase Time Frame to get an optimum fit
    The script also shows Strength of the Trend.
    If there is a gap between the price and the stairs, that is relection of the strength
    The script can also be used for scalping.

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ChannelshighlowHTFMoving AveragesTrend Analysis

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.

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Chakku

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