INVITE-ONLY SCRIPT
ORELA Continuation Signals
Updated
The indicator is made to be used for the Bitcoin market.
Orela Continuation Signals is a script made for helping to identify bullish continuation moves after price recovery from recent oversold conditions.
After the recovery calculation the script is betting that its likely for the price to keep its bullish momentum.
For risk management in case bullish momentum decreases and starts reversing the script will exit the market based on its ATR calculation when conditions are met
in order to protect against and time strong moves in the opposite direction.
For position management script has adjustable stop loss and take profit levels based on price of entry.
To help identify when the trend is losing or gaining strength the script also has a price following EMA "cloud".
Use the link below if you would like to obtain access to this indicator.
Orela Continuation Signals is a script made for helping to identify bullish continuation moves after price recovery from recent oversold conditions.
After the recovery calculation the script is betting that its likely for the price to keep its bullish momentum.
For risk management in case bullish momentum decreases and starts reversing the script will exit the market based on its ATR calculation when conditions are met
in order to protect against and time strong moves in the opposite direction.
For position management script has adjustable stop loss and take profit levels based on price of entry.
To help identify when the trend is losing or gaining strength the script also has a price following EMA "cloud".
Use the link below if you would like to obtain access to this indicator.
Release Notes
Added option to select type of candle and time frame (default or heikin ashi) for ATR calculationInvite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact borislavtzvetkov for more information, or follow the author's instructions below.
TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.
Want to use this script on a chart?
Warning: please read before requesting access.
For more information and access you can contact me via discord: discord.gg/FqxFd4c
Your feedback is appreciated.
Your feedback is appreciated.
Disclaimer
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