OPEN-SOURCE SCRIPT
H4 Color Change Bias (Correct Final)
Trading is the active buying and selling of financial instruments—such as stocks, currencies, commodities, and derivatives—to generate short-term profits from price fluctuations. Unlike long-term investing, traders capitalize on both rising (bullish) and falling (bearish) markets using technical analysis, market research, and risk management strategies.
Key aspects of trading include:
Financial Instruments: Traders deal in various markets, including stock markets (shares), foreign exchange (Forex), commodities (gold, oil), and cryptocurrencies.
Goal: The primary objective is to buy at a lower price and sell at a higher price, or vice versa (short selling) to make a profit.
Timeframe: Trading is typically fast-paced, with positions held for minutes, hours, days, or weeks, as opposed to years.
Key aspects of trading include:
Financial Instruments: Traders deal in various markets, including stock markets (shares), foreign exchange (Forex), commodities (gold, oil), and cryptocurrencies.
Goal: The primary objective is to buy at a lower price and sell at a higher price, or vice versa (short selling) to make a profit.
Timeframe: Trading is typically fast-paced, with positions held for minutes, hours, days, or weeks, as opposed to years.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.