OPEN-SOURCE SCRIPT
ONLY LONG V4 [Alerts]
Updated
Let's try the Version 4 ...
This script is only for long positions.
It's based on the conjunction of RMI + ADX + RSI for entries and only with Take Profit to close the position.
It doesn't have security (), nor Heikin Ashi, so the Backtest is Real.
Use always 'Once per bar'.
It doesn't repaint absolutely nothing at all.
Timeframe: 15 minutes
Have fun improving it ...
Enjoy!
Tips ...
BTC: 3LEUP3WjQctdbFjBavcmRGUVRBje8bptCd
ETH: 0x518AAD4746912ae506c82B747488306186c4d546
This script is only for long positions.
It's based on the conjunction of RMI + ADX + RSI for entries and only with Take Profit to close the position.
It doesn't have security (), nor Heikin Ashi, so the Backtest is Real.
Use always 'Once per bar'.
It doesn't repaint absolutely nothing at all.
Timeframe: 15 minutes
Have fun improving it ...
Enjoy!
Tips ...
BTC: 3LEUP3WjQctdbFjBavcmRGUVRBje8bptCd
ETH: 0x518AAD4746912ae506c82B747488306186c4d546
Release Notes
Added the Take Profit calculation from the average price of the positions (fuchsia dot) and the Stop Loss as a Re-entry for improve the liquidation price.Release Notes
Added Re-entry to the alertcondition() function.Release Notes
ADX, Masanakamura version, changed to the original ADX and some strategy algorithm. Example settings for ETH at 5 minutes.
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.
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.