Swing Breaker Strategy - Support and Resistance Breakouts This strategy has no repainting. Default settings: Swing Barsback: 10 Number of Swings: 3 Stoploss Candles Lookback: 5 Why these default settings? This strategy has been backtested with over 100 trades, and on a larger scale of 1000 trades, it has reported a 1.33 profit factor with a maximum 5%...
Hello guys This script follows traditional technical indicators MACD, ADX, RSI and pivot points If the price is above the resistance and the MACD has crossover ,and the RSI 14 is above 50 ADX is higher than 20, and DI+ is higher than DI-. This is a buy signal and vice versa for a sell signal The script moves the stop loss to the entry price after the first target...
Using "Price Action - Support & Resistance by DGT" and the MACD (Moving Average Convergence Divergence) indicator in TradingView can help develop a trade strategy. Here's a step-by-step approach you can follow: 1. Identifying Support and Resistance Levels: Apply the "Price Action - Support & Resistance by DGT" indicator to your chart. This indicator helps you...
Republish: Take profit Multi timeframe: In this scipts, I build risk-reward system managemant. You can take profit in two way: percent or at resistant in higher timeframe or both. Strategy in this scripts, I use Wave trend indicator as example strategy.
I use this Test version to determine price movement for a longer period, in the next versions Long / short signals will be added. Includes drawing support and resistance lines, Bollinger bands.
This strategy Automates Support and resistance trading and a tight trailing stop loss technique. The support and resistance levels are calculated from previous highs and lows; these levels are used to make two types of trades: 1. Break out trades, taking a trade if the market is able to push through a support or resistance level. 2. Liquidity pool rejection,...