OPEN-SOURCE SCRIPT
Buying climax and Selling climax
Updated
Buying climax and Selling climax appear at the end of bullish and bearish market ..i trade them little bit different way .when price break buying and selling climax i look for trade sharing some example
Breakout and test of buying climax high
same with selling climax ..there can be various method to take trade
A) trend continue method
1) when buying climax appear at bullish trend and price break it then take trade as breakout upside + test pullback trade
2) when selling climax appear at bear trend and price break it then take trade as breakout downside + test pullback trade
B)trend reversal method
1) when buying climax appear at top of the trend trader can look for reversal
2)when selling climax appear at bottom of the trend trader can look for reversal
thanks yaheesweety for Boring and Explosive Candles script . i add volume for filter and line so i can check high and low of buying climax
Breakout and test of buying climax high
same with selling climax ..there can be various method to take trade
A) trend continue method
1) when buying climax appear at bullish trend and price break it then take trade as breakout upside + test pullback trade
2) when selling climax appear at bear trend and price break it then take trade as breakout downside + test pullback trade
B)trend reversal method
1) when buying climax appear at top of the trend trader can look for reversal
2)when selling climax appear at bottom of the trend trader can look for reversal
thanks yaheesweety for Boring and Explosive Candles script . i add volume for filter and line so i can check high and low of buying climax
Release Notes
add alertOpen-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.
Want to use this script 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.