This script is based on the bounce manager ATR script
The S/R script is made for manual input of horizontal S/R lines, the script will then see if price respects these levels by the parameters you input in settings panel. On a respectable bounce it will print buy/sell arrows. The script also has functionality to send alerts, this is helpful if you want to...
If I ask you what moves the price, most of you will say the same old answer: Demand & Supply
But who creates Demand & Supply? You or Me, the retailers? No. It is Big Institutions and Mutual Funds and Big Banks which create this demand and supply because the
share of retailers in Stock Market is so little it does not affect the price in a big way.
The Big...
Called Launch Pad_Trampoline because it allows the user to enter a position before a rocket. Trampoline, because if the user miss a gap up it allows the user to enter on a bounce.
How to use
Time frame: Daily
Long Position:
--Aqua background with white or green bars. Make decision near the Launch Pad (this allows for a near the entry exit if direction...