OPEN-SOURCE SCRIPT
Small short for Crypto
Updated
This is the third modification of VuMAnChu cipher B indicator designed only for short sales.
Keep in mind that short positions are very risky, so deposit your money to the market only after your research. I guess this indicator has potential for repainting, so track backtests/forward tests carefully. The script is for entertainment purposes only.
Good luck and have fun!
- The trigger signal is called sommi bearish diamond (according to my due diligence it has the best performance)
- You can either fix a stop loss value or close position after crossing sma line.
- Take profit also can be tuned.
Keep in mind that short positions are very risky, so deposit your money to the market only after your research. I guess this indicator has potential for repainting, so track backtests/forward tests carefully. The script is for entertainment purposes only.
Good luck and have fun!
Release Notes
Fix the SL exit.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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