OPEN-SOURCE SCRIPT
Momentum Pinball Indicator
Momentum Pinball, when you get a buy/sell signal, wait for the next day enter on the high or low of the first hour (depending on the signal) and place a stop in the low/high of the first hour. If the day you get filled closes profitable you can decide to close the trade by the end of the day or hold overnight (if there was a considerable move) and exit the following morning. This strategy is based on the 3 period RSI of the one period ROC
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.
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