PROTECTED SOURCE SCRIPT
Sandy_ATPM
After 2 PM Breakout or Breakdown Intraday
This takes high and low of the session up to 2 PM IST and decides the Long or Short.
#Let the index/stock trade for the first 285 minutes and then use the high and low of this "285-minute range" as support and resistance levels.
#A buy signal is given when price exceeds the high of the 285-minute range after an up gap.
#A sell signal is given when price moves below the low of the 285-minute range after a down gap.
#It's a simple technique that works like a charm in many cases with proper risk management
>If you use this technique, though, a few caveats are in order to avoid whipsaws and other market traps.
>You will be Completely out from morning noise
>A breakout that extends only a tick or two can be easily reversed and trap you in a sudden loss.
>So let others take the bait at these levels, while you find pullbacks and narrow range bars for trade execution.
This takes high and low of the session up to 2 PM IST and decides the Long or Short.
#Let the index/stock trade for the first 285 minutes and then use the high and low of this "285-minute range" as support and resistance levels.
#A buy signal is given when price exceeds the high of the 285-minute range after an up gap.
#A sell signal is given when price moves below the low of the 285-minute range after a down gap.
#It's a simple technique that works like a charm in many cases with proper risk management
>If you use this technique, though, a few caveats are in order to avoid whipsaws and other market traps.
>You will be Completely out from morning noise
>A breakout that extends only a tick or two can be easily reversed and trap you in a sudden loss.
>So let others take the bait at these levels, while you find pullbacks and narrow range bars for trade execution.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.