In the price action, levels have a significant role to play. Based on the price moving above/below the levels - the underlying instrument shows some price-action in the direction of breakout/breakdown.
There are plenty of ways level can be determined. Levels are the decision point to take a trade or not. But if we make the level derivation complex, then...
This strategy is based on Selected Candle High Low Breakout with buffer point.
You can select specific candle from input tab by giving time of that candle.
Start Hour : Hour of starting candle means from this input you can specify opening candle. Default is 9.
Start Minute: Minute of starting candle. Default is 15. Means Default opening...
What is the Range Filter + MA Strategy?
This premium indicator was inspired by my desire to find and place high probability forex trades in any market, direction, or time of day.
The Forex markets operate 24 hours, 5.5 days a week
Access to meaningful leverage
Ability to easily trade long or short
How to use it!
----- First, start by...
Hi everyone, I put this together while learning Pine and wanted to share to see if anyone finds it useful.
It does a decent job predicting the direction of breakouts from range conditions, as well as picking up some easy trend profits. I had some fun making it quite configurable for those who would like to tune it for a particular index (for example, check out...