OPEN-SOURCE SCRIPT
OSB + EMA
Outside Bar Trading Strategy
Buy Setup:
1. Identify a bullish Outside Bar where the high and low exceed the previous candle’s range.
2. Enter a buy trade when price breaks above the high of the Outside Bar.
3. Set a stop-loss below the Outside Bar’s low.
4. Take profit at a key resistance level or use a trailing stop for extended gains.
Sell Setup:
1. Identify a bearish Outside Bar with a high and low exceeding the prior candle’s range.
2. Enter a sell trade when price breaks below the low of the Outside Bar.
3. Place a stop-loss above the Outside Bar’s high.
4. Take profit at a support level or use a trailing stop for further downside potential.
This strategy works best in trending markets and can be enhanced with confirmation from volume, moving averages, or support/resistance levels. 🚀
Buy Setup:
1. Identify a bullish Outside Bar where the high and low exceed the previous candle’s range.
2. Enter a buy trade when price breaks above the high of the Outside Bar.
3. Set a stop-loss below the Outside Bar’s low.
4. Take profit at a key resistance level or use a trailing stop for extended gains.
Sell Setup:
1. Identify a bearish Outside Bar with a high and low exceeding the prior candle’s range.
2. Enter a sell trade when price breaks below the low of the Outside Bar.
3. Place a stop-loss above the Outside Bar’s high.
4. Take profit at a support level or use a trailing stop for further downside potential.
This strategy works best in trending markets and can be enhanced with confirmation from volume, moving averages, or support/resistance levels. 🚀
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.