OPEN-SOURCE SCRIPT
Hold/Close Strategi
Indicator Explanation
This indicator is a trade management tool.
It checks whether the Close of the most recently closed candle is above the High of the previous candle.
• HOLD → when Close is above the previous High
• CLOSE → when it is not
Only the last closed candle is highlighted to keep the chart clean and focused.
A single label shows the current decision and the prices used in the comparison.
The indicator is meant to be used after entering a trade to help decide whether to stay in the position or exit.
This indicator is a trade management tool.
It checks whether the Close of the most recently closed candle is above the High of the previous candle.
• HOLD → when Close is above the previous High
• CLOSE → when it is not
Only the last closed candle is highlighted to keep the chart clean and focused.
A single label shows the current decision and the prices used in the comparison.
The indicator is meant to be used after entering a trade to help decide whether to stay in the position or exit.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.