OPEN-SOURCE SCRIPT
Davidova Strategy / Owl of Profit
Davidova Strategy
This comprehensive trading strategy is designed to combine various technical indicators, offering dynamic trend analysis, support/resistance detection, and signal generation.
Features
EMA (Exponential Moving Averages):
Two EMAs (13 and 21) dynamically adjust their colors based on trend direction.
Rising trends = green, falling trends = red.
Hull Moving Average (Optional):
A smooth trend indicator for improved visual clarity, adjustable via settings.
Support/Resistance Levels:
Automatically detects key support and resistance levels based on recent highs and lows.
Plots these levels for better decision-making.
Candle Body Resistance Channel:
Highlights resistance levels using recent candle closes.
Ideal for spotting potential breakout or reversal zones.
Signal Generator:
Generates BUY and SELL signals using higher timeframe open and close price crossovers.
Strategy Logic
BUY Condition:
Triggered when the higher timeframe's close price crosses above its open.
SELL Condition:
Triggered when the higher timeframe's close price crosses below its open.
Exit Logic:
Positions are exited based on trend reversals or opposing signals.
Customization
Timeframe:
Default set to 12-hour candles (720).
Adjustable to fit different trading styles.
Indicator Settings:
EMA Lengths: Default 13 and 21.
Hull MA Length: Adjustable via user input.
Candle Body Resistance Channel:
Optional feature to visualize price channels.
This strategy is perfect for traders looking for a holistic approach to technical analysis, combining trend detection, support/resistance zones, and customizable signals.
Visit my website for more tools and strategies: bybitindicators.com
Happy Trading! 😊
This comprehensive trading strategy is designed to combine various technical indicators, offering dynamic trend analysis, support/resistance detection, and signal generation.
Features
EMA (Exponential Moving Averages):
Two EMAs (13 and 21) dynamically adjust their colors based on trend direction.
Rising trends = green, falling trends = red.
Hull Moving Average (Optional):
A smooth trend indicator for improved visual clarity, adjustable via settings.
Support/Resistance Levels:
Automatically detects key support and resistance levels based on recent highs and lows.
Plots these levels for better decision-making.
Candle Body Resistance Channel:
Highlights resistance levels using recent candle closes.
Ideal for spotting potential breakout or reversal zones.
Signal Generator:
Generates BUY and SELL signals using higher timeframe open and close price crossovers.
Strategy Logic
BUY Condition:
Triggered when the higher timeframe's close price crosses above its open.
SELL Condition:
Triggered when the higher timeframe's close price crosses below its open.
Exit Logic:
Positions are exited based on trend reversals or opposing signals.
Customization
Timeframe:
Default set to 12-hour candles (720).
Adjustable to fit different trading styles.
Indicator Settings:
EMA Lengths: Default 13 and 21.
Hull MA Length: Adjustable via user input.
Candle Body Resistance Channel:
Optional feature to visualize price channels.
This strategy is perfect for traders looking for a holistic approach to technical analysis, combining trend detection, support/resistance zones, and customizable signals.
Visit my website for more tools and strategies: bybitindicators.com
Happy Trading! 😊
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.
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.