SushilKothawade

Trend Resumption

We again keep it really simple.
This indicator just plots the combination of RGRR and GRGG candlesticks . (R = Red / Bearish , G = Green / Bullish )
When either pattern occurs, trade the combined high and combined low of recent 2 RR or recent 2 GG candles. I.e.,
Buy above GG's high with SL at GG's low.
Sell below RR's low with SL at RR's high.

Refer the shared chart for example. The signals were plotted on both the sides, and wherever triggered - gave rewards.
Only 1 at 05-Apr, 10:50 a.m. did not trigger, but that must then be ignored. Do not hurry to enter the trade, wait for breakout / breakdown above combined high / low.
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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Comments

@TradingView, please block this script.
People are way too smart for free help.
Same as any other platform, I thought people are genuine here, but we have haters here too !
Reply
look very good bhai, soon reply you with my observations on the code, thanks bhai
Reply
@uvjoshi, and why do you think your observations on my code is required? and those must be replied back?
Reply
akhilpan SushilKothawade
@SushilKothawade, why do you think the same ,why cant someone has observations and cant reply ....
+3 Reply
@akhilpan, feel free.
It's simple logic of 2+2=4. Can't guess, why anybody would have different opinion.
+1 Reply
BartasA SushilKothawade
@SushilKothawade, got a socially inept programmer here, I see.
Reply
@BartasA, je baat 👌
Reply
uvjoshi SushilKothawade
@SushilKothawade, hahahah
+1 Reply
@uvjoshi, waiting for your feedback ⏱️
+2 Reply
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