TFs I Love Mondays V1

The strategy calculates highs and lows of the previous week, and uses them as resistance and support lines. If crossing such resistance/support lines, the strategy enters a long or short position, and exists an open position with predefined profit-targets and a stop-loss.

Release Notes

renamed strategy name

Release Notes

Input/Parameter description:

"Huge Range Threshold" defines the absolute range threshold which defines a huge range (Monday high-low).
"Profit-Target Offset (Ticks)" defines an offset (in ticks) which will be added on top of the calculated profit-targets PT1 and PT2.
"Stop-Loss Offset (Ticks)" defines an offset (in ticks) which will be added on top of the calculated stop-loss.
"Backtest Start/Stop" parameters allow to set the beginning and the end of the backtest period.
"Enable Long Trading" and "Enable Short Trading" allows to enable/disable long/short trading.

Please note, that some inputs are only visible in the "Invite Only" version of script.

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

TradeFab

Thanks Frank, TradeFab LLC

For purchasing/subscribing scripts: tradefab.org/

Find us @
github.com/TradeFab
twitter.com/TradeFab
tradingview.com/u/TradeFab/

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Disclaimer

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Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

TradeFab

Thanks Frank, TradeFab LLC

For purchasing/subscribing scripts: tradefab.org/

Find us @
github.com/TradeFab
twitter.com/TradeFab
tradingview.com/u/TradeFab/

Also on: