Its setup for 4h candles with the current settings, however it can be adapted to other different timeframes.
It works nicely ,beating the buy and hold for both BTC and ETH over the last 3 years.
As well with some optimizations and modifications it can be adapted to market, indexes(NASDAQ, NIFTY etc), forex( GBPUSD ), stocks and so on.
For long/exit short we enter when we are above the , histogram is positive and current candle is higher than previous.
For short /exit long , when close below , histo negative and current candles smaller than previous
If you have any questions please let me know !
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.
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