OPEN-SOURCE SCRIPT
CRT Strategy with 2:1 Risk/Reward
Higher Timeframe Range: The strategy calculates the range from the most recent candle on the 1-hour chart.
Entry Conditions: The entry signals use a simple crossover (or you can replace this with any other condition you'd like). A long entry happens when the current close crosses above the highest close of the past 10 bars, and a short entry happens when the current close crosses below the lowest close.
Stop Loss & Take Profit: The stop loss is set based on the HTF range, and the take profit is 2x the range for a 2:1 risk-to-reward ratio.
Plotting: The stop loss and take profit levels are plotted on the chart for visualization.
Customization:
You can adjust the timeframe (htf) to any higher timeframe you'd like (e.g., 1-hour, 4-hour).
The entry condition (crossover and crossunder) is just an example. You can replace this with any other strategy or indicator.
You can also tweak the risk-to-reward ratio or other aspects of the strategy
Entry Conditions: The entry signals use a simple crossover (or you can replace this with any other condition you'd like). A long entry happens when the current close crosses above the highest close of the past 10 bars, and a short entry happens when the current close crosses below the lowest close.
Stop Loss & Take Profit: The stop loss is set based on the HTF range, and the take profit is 2x the range for a 2:1 risk-to-reward ratio.
Plotting: The stop loss and take profit levels are plotted on the chart for visualization.
Customization:
You can adjust the timeframe (htf) to any higher timeframe you'd like (e.g., 1-hour, 4-hour).
The entry condition (crossover and crossunder) is just an example. You can replace this with any other strategy or indicator.
You can also tweak the risk-to-reward ratio or other aspects of the strategy
Skrip sumber terbuka
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.
For quick access on a chart, add this script to your favorites — learn more here.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip sumber terbuka
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.
For quick access on a chart, add this script to your favorites — learn more here.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.