scolilay

The DD invest

scolilay Updated   
The script tells me when to invest in the stock.

Split ur money into 3 piles. Each must be bigger than the previous one.

Buy with the first pile when the chart touches the middle line (SMA200).

Buy with the second pile when the chart touches the bottom line (lowest price of 200 weeks).

Buy with the third pile when the chart goes significantly below the bottom line (lowest price of 200 weeks).

Watch only the W1 chart (!!!).

Circles on the chart indicate places where you should buy (examples).

Consider selling half of the holding when the chart touches the top line (the highest price of 200 weeks).

Hold the rest much longer then you plan to ;)
Release Notes:
The script tells me when to invest in the stock.

Split ur money into 3 piles. Each must be bigger than the previous one.

Buy with the first pile when the chart touches the middle line (SMA200).

Buy with the second pile when the chart touches the bottom line (lowest price of 200 weeks).

Buy with the third pile when the chart goes significantly below the bottom line (lowest price of 200 weeks).

Watch only the W1 chart (!!!).

Circles on the chart indicate places where you should buy (examples).

Consider selling half of the holding when the chart touches the top line (the highest price of 200 weeks).

Hold the rest much longer then you plan to ;)
Open-source script


Green and pink arrows show direction that price is about to move.
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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