INVITE-ONLY SCRIPT

HuD Intraday

Updated
Consist of :
- standard Bollinger Band (BB) - MA20 and 2 dev
- EMA ( default 9,20,50 and 200)
- WMA ( 5 and 10 )
- Donchian Channel

Suitable for intraday trading - 15min, 30 min or 1 hour timeframe

Trading Strategy :
1. Enter trade only when
- band is Green
- line EMA20 above EMA50 and line EMA50 above EMA200 ( black > purple > red )
- RSI (default setting 14) is above level 50 and trend is positive (RSI line moving upward)

2. Possible Entry point ( 3 options )
i Breakout candle and candle still below lower BB
ii Retracement/Pullback - after Breakout and candle still inside green band. RSI still above 50
iii. Buy on Weakness (BOW) - Blue diamond icon

3. Stop Loss :
- Select "Show Stop Loss" - to display stop loss line
- Based on ATR
- adjustable depend on trader risk

Other option for stop loss :
- WMA Area ( Dark green ) - candle cross under WMA, can consider to exit trade
- EMA20 - candle cross under EMA20, can consider to exit trade.

4. Alert
Therea are 3 alerts availabe
i. Breakout signal
ii. Sell signal - candle break trailing Stop
iii. BOW - Buy on weakness signal

Note :
- This indicator only suitable for Bursa Malaysia
- Do PM me if you interested
Release Notes
- update background color and TP calculation
Release Notes
- update candle formula -
Release Notes
- update -
Release Notes
- update -
Release Notes
- minor update -
BBBollinger Bands (BB)breakoutsignalbursamalaysiaintradaymalaysia

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Hud_Hud for more information, or follow the author's instructions below.

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Author's instructions

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Telegram : @HudHudAlert
Telegram Channel : t.me/HudHudAlert
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