OPEN-SOURCE SCRIPT
Welborg 2024
This script was not built directly by me; but then it is as a result of combining other existing indicators and I would want to say a big thank you to them all; Smoothed Heiken Ashi - SamX by SamAccountX, UT Bot Alerts by QuantNomad, Volumatic Variable Index Dynamic Average by Bigbeluga. The reason for the mashup is that I noticed an increased win rate upon combining them up as per only one indicator use. and modifying the initial settings and back-testing it on GOLD; XAUUSD.
I would love to share with the community so we all can make some money; As the saying goes; sharing is caring.
Secondly; the best time frame for the strategy is 5min, 10min, 15min and 30min.
WHEN YOU GO TO SETTINGS;
Turn off HIGHLIGHTS TREND
GO TO INPUTS;
Turn off the "SHOW WICKS"
And keep the VIDYA Momentum at 1
SAVE AS DEFAULT AND CLICK OKAY.
ON the main chart; hide the candles of the commodity or pair you are on, so you have only the WELBORG displaying it prints.
BUY = Yellow Candle
SELL = Pink Candle
Hit me up on Whatsapp +233501429489; for video tutorial enquiries.
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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