OPEN-SOURCE SCRIPT
Noro's PriceChannel for D1 v1.0
For:
- Crypto/Fiat
- Crypto/Crypto
- D1 timeframe
Strategy
The blue line is the central line of the indicator the price channel.
If low of a candle is higher than the line - it is uptrend
If high of a candle is lower than the line - it is downtrend
Color-filter
Long-position opens only if a candle of red color
Short-position opens only if a candle of green color
Body-filter
The position opens only if a candle body more than an average body of a candle / 5
- Crypto/Fiat
- Crypto/Crypto
- D1 timeframe
Strategy
The blue line is the central line of the indicator the price channel.
If low of a candle is higher than the line - it is uptrend
If high of a candle is lower than the line - it is downtrend
Color-filter
Long-position opens only if a candle of red color
Short-position opens only if a candle of green color
Body-filter
The position opens only if a candle body more than an average body of a candle / 5
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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Disclaimer
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