This strategy attempts to capture market gains from short-term market volatility.
Strategy inputs:
BBWP
PMARP
Jewel Lite
Strategy entry criteria:
KC downside cross 21/55
BBWP MA down trend
Jewel lite > 62
Jewel lite first tick white upon closure
Strategy risk management:
PMARP < 15 on closure
NOTES: Code for the Jewel Lite is not open so I've implemented my own version. It's not an exact match, but you can see it on the example image plotted alongside the Jewel Lite to see how close it is.
FUTURE IMPROVEMENTS: I may work to align my Jewel Lite with the original to see if that provides better results.
CREDIT:
Caretaker - BBWP, PMARP
Krown - strategy idea
Release Notes
removed mimic version of oscillator and used rsi
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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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.