OPEN-SOURCE SCRIPT
GER40 Momentum Breakout Scalping
The strategy capitalizes on short-term momentum by identifying breakouts from the previous day’s price range—specifically, the previous day's high and low. It enters trades when the price moves decisively beyond these levels, with additional confirmation from fast-moving exponential moving averages (EMAs).
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 publications 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.