TradewithPuneet: Pro-Patterns
Ascending Triangle patterns:
- The strategy identifies ascending triangle patterns ranging from 40 to 120 days.
- BUY signals are generated on the breakout of the horizontal resistance line. No SHORT signal is generated on the breakdown of the rising trend line.
- The importance is given to higher lows, instead of attempting to make a perfectly straight rising trend line. Hence, the drawing of the rising trend line is skipped.
- The strategy gives BUY signals on continuation as well as reversal patterns.
- Users can choose exit rules either on the breakdown of a certain number of days or based on ATR.
- The Ascending triangle patterns can be seen on Daily timeframes only.
Weekly Inside Bars
- The strategy identifies inside bars on weekly charts with three candles. This means, that Weekly Inside Bars pattern is said to be formed when the current week's candle is inside the previous week and the previous week's candle is inside the week prior to it.
- A BUY or SHORT signal is generated next week on breakout or breakdown of high or low of third week’s candle.
- The importance is given to a decrease in volume on second & third weeks’ candles.
- The strategy gives BUY or SHORT signals on continuation as well as reversal patterns. However, users can choose to see trading signals on continuation patterns only.
- Users can choose exit rule on breakdown or breakout of a certain number of weeks in case of BUY & SHORT signals respectively.
- The Weekly Inside Bars patterns can be seen on Weekly timeframes only.
The strategy guides you the price level at which to BUY / SHORT and EXIT. It is intended for short to medium-term traders. It is important for the security to close beyond the trigger point for the signal to remain in force.
> Shortened the code
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact Pro-Setups directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
For details, please visit pro-setups.com
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact Pro-Setups directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
For details, please visit pro-setups.com