OPEN-SOURCE SCRIPT

[APD] Sharegenius Swing Trading Strategy

This script plots GTT Price, Target Prices, Buy Zone, Target Zone and Information Dashboard according to Sharegenius Swing Trading Strategy. SST is for Swing Trading.

👉🏻 Strategy by Mahesh Kaushik -
  • 1️⃣ Track the 20-Day Low of the instrument.
  • 2️⃣ Create a GTT order which is 5% above 20 DL.
  • 3️⃣ If the share makes a new 20 DL before getting purchased, then update your GTT order to be 5% above the new 20 DL.
  • 4️⃣ Next GTT will be started when the average price falls by 10%. (GTT will be created as 5% above the last 20 DL or Buy on 10%, 20%, 30% fall in average price.)
  • 5️⃣ Sell target is 5% of the average price. Sell all units or Set sell target on buy price.
  • 6️⃣ No stop loss is needed as we buy when the stock falls.


👉🏻 Note:-
  • Trade in fundamentally good stocks & strong stocks those are outperforming index because we do not take stop loss in this strategy.


DISCLAIMER:- This Script is for educational purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment.
Donchian Channels (DC)sharegenius_swing_trading_strategySST

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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