INVITE-ONLY SCRIPT
TB! -=SmartWave=- [Incl. Volume]
Updated
My Precious SmartWave Formula Ready for Action.
What does it do?
It monitors buys vs sells, since the market moves because people buy n sell,i kinda thought it would be important.
It also monitors price action in relation to that volume to determine if a lot of volume is gobbled up by (over-) leveraged positions.
It provides a good insight when to take some action.
NB.
The drawback and the losses it makes can be reduced a lot with a 2.5% stoploss and fib based TP's, i just did not care to have the script deal with those,
What does it do?
It monitors buys vs sells, since the market moves because people buy n sell,i kinda thought it would be important.
It also monitors price action in relation to that volume to determine if a lot of volume is gobbled up by (over-) leveraged positions.
It provides a good insight when to take some action.
NB.
The drawback and the losses it makes can be reduced a lot with a 2.5% stoploss and fib based TP's, i just did not care to have the script deal with those,
Release Notes
Reduced backtest to a more realistic period of 60daysRelease Notes
Updated ChartRelease Notes
added a incredible small MTF offset to mittigate entry pullbackRelease Notes
Published wrong update.This one contains the correct strategy
Invite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact KingRekter for more information, or follow the author's instructions below.
TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.
Want to use this script on a chart?
Warning: please read before requesting access.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.