OPEN-SOURCE SCRIPT
Combined UT Bot and Breakout Finder
This indicator works best for scalping US30 and NAS on the 5m chart.
This could also be used on the 30m and 1h chart, set SL below the candle of the signal candle, set tp at nearest zone or draw your fib from the bottom of the signal candle to the close of the candle and set tp at the 1.8 level as your TP.
This could also be used on the 30m and 1h chart, set SL below the candle of the signal candle, set tp at nearest zone or draw your fib from the bottom of the signal candle to the close of the candle and set tp at the 1.8 level as your TP.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.