OPEN-SOURCE SCRIPT
Noro's Channel Close Strategy
For:
- BTC/USD (or XBT/USD, or BTC/USDT) and ETH/USD (or ETH/USDT)
- timeframe 4h
Strategy
Donchain Channel is used.
If the candle is closed above the top line of the channel, open the long (and close the short)
If the candle has closed below the bottom line of the channel - you must open the short (and close the long)
Reverse trading.
Take-profit and stop-loss are not used
- BTC/USD (or XBT/USD, or BTC/USDT) and ETH/USD (or ETH/USDT)
- timeframe 4h
Strategy
Donchain Channel is used.
If the candle is closed above the top line of the channel, open the long (and close the short)
If the candle has closed below the bottom line of the channel - you must open the short (and close the long)
Reverse trading.
Take-profit and stop-loss are not used
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Want to use this script on a chart?
Disclaimer
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