OPEN-SOURCE SCRIPT
Stock Trend Catcher - V
This Pine Script trading strategy has three main components:
Entry Conditions:
Uses multiple timeframe analysis with EMA crossover, SuperTrend, RSI, and ADX
Requires volume spike confirmation
Checks both higher and current timeframe data
Long entry: EMA cross up + SuperTrend up + RSI>50 + ADX>25 + volume spike
Short entry: Opposite conditions
Exit Conditions:
Takes profit at user-defined percentage (default 2%)
Stops loss at user-defined percentage (default 1%)
Entry Conditions:
Uses multiple timeframe analysis with EMA crossover, SuperTrend, RSI, and ADX
Requires volume spike confirmation
Checks both higher and current timeframe data
Long entry: EMA cross up + SuperTrend up + RSI>50 + ADX>25 + volume spike
Short entry: Opposite conditions
Exit Conditions:
Takes profit at user-defined percentage (default 2%)
Stops loss at user-defined percentage (default 1%)
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 publication is governed by House rules. You can favorite it to use it on a chart.
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