OPEN-SOURCE SCRIPT
CoGrid Management
Updated
This strategy uses grid levels determined by pivot points based on the selected time period.
It's useful for swing trading without leverage, spot trading or for Hold management.
If the price goes down we buy and if it continues to go down we keep buying improving the average price.
When the price rises above the average entry price, we sell and if it continues to rise, we continue to sell.
It works for any pair as long as Buys and Sells quantities are adjusted correctly.
In these times of great economic change, good luck to everyone 🍀
It's useful for swing trading without leverage, spot trading or for Hold management.
If the price goes down we buy and if it continues to go down we keep buying improving the average price.
When the price rises above the average entry price, we sell and if it continues to rise, we continue to sell.
It works for any pair as long as Buys and Sells quantities are adjusted correctly.
In these times of great economic change, good luck to everyone 🍀
Release Notes
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....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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