OPEN-SOURCE SCRIPT
Updated Simple Buy/Sell Strategy
This is the strategy version of the original 'Simple Buy/Sell Indicator' by Shizaru .
The original indicator description explains the logic behind the strategy:
"The original script was posted on ProRealCode by user Doctrading.
This little and simple code allows you to draw an indicator, which show you when buy or sell conditions are met.
For "buy" conditions, I did just set :
close > MM200
close > Parabolic SAR
MACD > 0
RSI7 > 50
For "sell" conditions : the opposite.
Of course, you can set what you want, in order to test your strategies.
Of course, to be profitable, you must also set your trading rules (entry, stop loss, trailing stop, take profit, etc.)
It's only an indicator, which doesn't show entry or exit rules."
Hope this helps someone!
The original indicator description explains the logic behind the strategy:
"The original script was posted on ProRealCode by user Doctrading.
This little and simple code allows you to draw an indicator, which show you when buy or sell conditions are met.
For "buy" conditions, I did just set :
close > MM200
close > Parabolic SAR
MACD > 0
RSI7 > 50
For "sell" conditions : the opposite.
Of course, you can set what you want, in order to test your strategies.
Of course, to be profitable, you must also set your trading rules (entry, stop loss, trailing stop, take profit, etc.)
It's only an indicator, which doesn't show entry or exit rules."
Hope this helps someone!
Release Notes
*Updated default buy/sell strategy variables.Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
BlockchainSpecialists.co.uk - The UK's leading network of qualified
Blockchain experts
Blockchain experts
Disclaimer
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
BlockchainSpecialists.co.uk - The UK's leading network of qualified
Blockchain experts
Blockchain experts
Disclaimer
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.