Rachit_Sethia

IntradaySignal #Trading #Candlestick #Signal

This is a simple version of taking bull and bear positions.
Time Frame: Although the time frame decided while making the script was for 1 minute chart, but after checking, even Daily charts work good.
Asset class: The underlying here, is XAUUSD ( GOLD ) but confirmatory strong positional trades on stocks for intraday purposes.
Condition: The signals are meaningful and are of significant importance when its in trending pattern and not in sideways pattern.
The signals are presented by the background color. when the color is red, start taking short positions, and when the signal is green, go with long position.
StopLoss: Complete reliance on the script might not be rewarding, Prepare your own stoploss and targets. I advise you to take profit and book losses as per "resistance & support" zones.
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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Comments

well explained.good job
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Rachit_Sethia JosephSobczak
@JosephSobczak, Thanks a lot for motivation.
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Excellent Analysis and very well explained,,, Interesting Things
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Rachit_Sethia Streamjannife
@Streamjannife, Thanks a lot for good words.
Stay tuned, will be posting some more.
Reply
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