Its made of 2 , one fast and one slower . They are combined together with , and price action patterns.
For entries we have multiple conditions :
First we check if one of our last 4 closed candles crossed above or below the faster . After that for long, we check that last close is above the fast , that the fast is above the slower , at the same time that the histogram from is positive and that we have crossover with the oversold line on . For the short , the opposite of long.
For exit we have TP/SL mechanic based on price % movement, in this example if the price moved 10% from the initial position it will exit.
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 a publication is governed by House Rules. You can favorite it to use it on a chart.
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