It works amazingly with 15 min time frames.
Its idea consists in :
We have the indicator, and with it we check for the crossover with overbought and oversold levels. At the same time we have the which is made from the higher highs and the lower lows between a specific price movement in %.
For entries, they are going to be based on the crossover of with overbought or oversold levels , combined together with cross over 0 line from the the .
At the same time the strategy has the posibility to go only long, only short or both.
Let me know if you have any questions.
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.
My premium products : https://bit.ly/2YSPM9C
if people want both long and short their strategy code should look like:
awesome work though, keep it up!