OPEN-SOURCE SCRIPT
HHLL Strategy
Updated
This is simple Highest high and Lowest low strategy.
Buy when break HH+offset
Sell when break LL+offset
Offset = (HH-LL)/2
Buy when break HH+offset
Sell when break LL+offset
Offset = (HH-LL)/2
Release Notes
The next stage of development of this strategy. The results of tests showed that it is much better to use Bollinger bands as a defining channel. Which was done in this modification.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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