PROTECTED SOURCE SCRIPT
Range Box + VMA clouds
Updated
Here's a mix of two indicators that I find particularly useful.
One is a Range Box showing High and Low of the day plus 50% range, as well as high and low of the previous day. The Box changes color based on whether it closed higher or lower than the previous session.
The second one plots Variable Moving Average clouds - short and long term one.
The rules are pretty simple - take long trades only if the box is green, short trades if it's red.
Candle close above both clouds - long signal. If the price is being rejected from the long term cloud - buy the dip (or rally).
Pretty straightforward.
Enjoy
Credit for VMA: LazyBear
Credit for High Low DayBox: ahoudori
One is a Range Box showing High and Low of the day plus 50% range, as well as high and low of the previous day. The Box changes color based on whether it closed higher or lower than the previous session.
The second one plots Variable Moving Average clouds - short and long term one.
The rules are pretty simple - take long trades only if the box is green, short trades if it's red.
Candle close above both clouds - long signal. If the price is being rejected from the long term cloud - buy the dip (or rally).
Pretty straightforward.
Enjoy
Credit for VMA: LazyBear
Credit for High Low DayBox: ahoudori
Release Notes
small editProtected script
This script is published closed-source and you may privately use it freely.
Want to use this script 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.