OPEN-SOURCE SCRIPT
EASY SYSTEM
So how to use this very easy system
we have two system the first is based on ATR resistance and support and the other based on % channel based on donchian channel
The black line is the price line
The red lines are % line of the donchian channel (here it set to 2 and 3 % (you can set it any number you want ) this lines are the low end
Theblue d lines are % line of the donchian channel (here it set to 2 and 3 % (you can set it any number you want ),this lines are upper end
you look at the resistance and the support of the ATR and on the % channel
lets say you decide to go long -best if it in lower end of your % channel you can either set alert if price crossup the lower % line that you set
and you can make take profit if it reach the target level by % of the line of your choice
oposite you do in shorting
using the build in alert in TV you can make your trade more easy setting the target in more logical way
we have two system the first is based on ATR resistance and support and the other based on % channel based on donchian channel
The black line is the price line
The red lines are % line of the donchian channel (here it set to 2 and 3 % (you can set it any number you want ) this lines are the low end
Theblue d lines are % line of the donchian channel (here it set to 2 and 3 % (you can set it any number you want ),this lines are upper end
you look at the resistance and the support of the ATR and on the % channel
lets say you decide to go long -best if it in lower end of your % channel you can either set alert if price crossup the lower % line that you set
and you can make take profit if it reach the target level by % of the line of your choice
oposite you do in shorting
using the build in alert in TV you can make your trade more easy setting the target in more logical way
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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