OPEN-SOURCE SCRIPT
TREND FOLLOWING ADD POSITION
Complimentary to my trend following system, I am trying to easily spot the best points to add positions.
I'm using the same concept of HHHC and LLLC but when they go agains the trend withouth breaking it, in other words just a corrections with momentum which may be a good indication of oversold in and uptrend or overbought in a downtrend.
I'm using the same concept of HHHC and LLLC but when they go agains the trend withouth breaking it, in other words just a corrections with momentum which may be a good indication of oversold in and uptrend or overbought in a downtrend.
Open-source script
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.