OPEN-SOURCE SCRIPT
Super Strategy with Entry/Exit Lines
1. Chandelier Exit:
• Determines potential trend reversal points using ATR-based stop-loss levels.
• Identifies buy and sell signals based on whether the price breaks above or below specific stop levels.
2. Price Volume Trend (PVT):
• Measures the momentum of price changes adjusted for volume.
• Generates buy/sell signals using a crossover between PVT and its EMA.
3. Ninja Oscillator:
• A momentum-based oscillator comparing fast and slow EMAs of the price.
• Buy and sell signals are based on crossovers with its EMA signal line.
4. EMA 200:
• Used as a trend filter: Buy signals are valid only when the price is above the EMA, and sell signals when the price is below.
• Determines potential trend reversal points using ATR-based stop-loss levels.
• Identifies buy and sell signals based on whether the price breaks above or below specific stop levels.
2. Price Volume Trend (PVT):
• Measures the momentum of price changes adjusted for volume.
• Generates buy/sell signals using a crossover between PVT and its EMA.
3. Ninja Oscillator:
• A momentum-based oscillator comparing fast and slow EMAs of the price.
• Buy and sell signals are based on crossovers with its EMA signal line.
4. EMA 200:
• Used as a trend filter: Buy signals are valid only when the price is above the EMA, and sell signals when the price is below.
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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