I'm trying to implement a script which enter market long position when long crossover short and histogram is positive and histogram at T time is lesser than histogram at T-1.
And when short crossover long , plus histogram is negative and histogram at T is greater than histogram at T-1, I want the script to exit market long position.
Now, I have something pretty close to what I am looking for. What I am missing and can't figure out yet is:
- How to moderate entries, ie . I would like it to enter positions when trends are really interesting not just every time the conditions are fulfilled (same for exits) as there is way too much positions
- I need to find a way to exit appropriated positions.
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 a publication is governed by House Rules. You can favorite it to use it on a chart.