PROTECTED SOURCE SCRIPT
Identify a specific market pattern
The provided Pine Script is a TradingView indicator designed to identify a specific market pattern and plot entry and exit points with profit or loss (PnL) information directly on the chart. Here's what it does:
Identifies a Pattern:
Checks for three consecutive days where the closing price is lower than the previous day's close (down days) and the close is below the open.
Entry and Exit Criteria:
When the above pattern is detected, it marks:
Entry: On the close price of the third down day.
Exit: On the close price of the fourth day.
PnL Calculation:
Calculates the profit or loss (PnL) as the difference between the exit price (4th day close) and the entry price (3rd day close).
Visual Representation:
Plots a green "Entry" label on the chart at the entry point.
Plots a red "Exit" label on the chart at the exit point, displaying the calculated PnL.
Date Filter:
Only considers patterns occurring after a user-specified start date
Identifies a Pattern:
Checks for three consecutive days where the closing price is lower than the previous day's close (down days) and the close is below the open.
Entry and Exit Criteria:
When the above pattern is detected, it marks:
Entry: On the close price of the third down day.
Exit: On the close price of the fourth day.
PnL Calculation:
Calculates the profit or loss (PnL) as the difference between the exit price (4th day close) and the entry price (3rd day close).
Visual Representation:
Plots a green "Entry" label on the chart at the entry point.
Plots a red "Exit" label on the chart at the exit point, displaying the calculated PnL.
Date Filter:
Only considers patterns occurring after a user-specified start date
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.