OPEN-SOURCE SCRIPT
Dise prev Gen Long/Short
This script builds levels based on the High and Low of the previous trading day; a middle line is also added, which is the average value of these data. The indicator generates a long signal when the High level of the previous day is broken, as well as a short signal when the low is broken. The idea of the indicator is to capture volatility in the crypto market. You can try small takes of 1-2% of the movement, they will be more likely to work out. The script is intended rather to search for interesting “strong” assets within a day, for further analysis of whether it is worth trading or not.
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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