OPEN-SOURCE SCRIPT
Consecutive Up/Down Strategy with Reverse and SL
Extension of the built-in strategy by TradingView. The strategy buys after an X amount of
consecutive bullish bars and viceversa for selling. This logic can be reversed and a Stop Loss
with Take Profit can be added. There's also an option to adapt the SL into a Trailing Stop.
consecutive bullish bars and viceversa for selling. This logic can be reversed and a Stop Loss
with Take Profit can be added. There's also an option to adapt the SL into a Trailing Stop.
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 publications is governed by House rules. You can favorite it to use it on a chart.
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