It draws a line to the previous day's close and generates a long/buy signal if the candle close is above the previous day's close for short periods, and generates a short/sell signal if the candle close is below the previous day's close.
it makes more sense to use it in 1-minute periods.
in the settings section day close = the previous day's close line Tp lines = Take profit lines Moving average = simple moving average for generating a signal when it breaks the previous day's closing line longTP = profit rate ShortTP = profit rate
Hi sir, can you create a simple script to show buy signals on each candle close price on 12h chart? so we can use it to send signals to our exchange to enter the position automatically with custom stop loss! warm regards,