OPEN-SOURCE SCRIPT
50HCL by Pankaj
This is very simple trading setup to win the trade:
Best time frame for Trade: 15m & 30 m
If You want to trade for positional take 1 Hr Time Frame
Conditions:
* 1st candle (9:15am: NSE) opening price should be below 50L or 50C or 50H.
* When any candle closed above 50H, just take trade High of the this candle
* SL is 50L.
* RSI should be above 55
Best time frame for Trade: 15m & 30 m
If You want to trade for positional take 1 Hr Time Frame
Conditions:
* 1st candle (9:15am: NSE) opening price should be below 50L or 50C or 50H.
* When any candle closed above 50H, just take trade High of the this candle
* SL is 50L.
* RSI should be above 55
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.
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