UnknownUnicorn2666838

BlackMagic [BTC]

BlackMagick is a trend following script looking to enter on retracements when a trend has been defined and should only be used on BTC/USD

Entries are marked with the X symbol
Stop-loss is a red circle
take profit is a green circle

The background colour of the entry defines which direction the trade should be placed green for long, red for short.

You can configure the stop loss which uses a 20-period ATR multiplied by 2.2 (this is configurable)
Take profit is derived by a Risk-Reward ratio, which is a default of 2 (this is configurable)


Release Notes:
Only show background highlights when a trade is setup
Release Notes:
Remove chart widgets, stop loss multiple was incorrect default
Protected script
This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
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.

Want to use this script on a chart?