PROTECTED SOURCE SCRIPT
Active S/R Channel
This indicator uses previous highs and lows based on a user defined lookback period to create high and low channels that are created as price actions moves up and down.
When a candle rejects the high or low channel a signal is created outside of the channel.
These should be viewed as potential pullbacks for re-entries or entries into a reversal.
These signals can then be used as an alert to look for a close above or below the user defined moving average to enter a buy or sell trade.
This is basically as close as you get to entering at pivot points.
I have given you the ability to enable and disable the channel while still retaining the rejection signals.
When a candle rejects the high or low channel a signal is created outside of the channel.
These should be viewed as potential pullbacks for re-entries or entries into a reversal.
These signals can then be used as an alert to look for a close above or below the user defined moving average to enter a buy or sell trade.
This is basically as close as you get to entering at pivot points.
I have given you the ability to enable and disable the channel while still retaining the rejection signals.
Skrip dilindungi
Skrip ini diterbitkan secara sumber tertutup dan anda boleh menggunakannya dengan bebas. Anda boleh menyukainya untuk menggunakannya pada carta. Anda tidak dapat melihat atau mengubah kod sumbernya.
Ingin menggunakan skrip ini pada carta?
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.