INVITE-ONLY SCRIPT
Gong's_indicator
Key Features
Visualize buy/sell segments
Green area: long range, profit and loss ratio advantage.
Red area: Short section, profit-loss ratio glass.
Purple line: stop loss baseline.
Generating an entry signal
RSI-based detection of overbought and oversold conditions.
When a signal occurs, the buy/sell target price and stop-loss are displayed along with the label.
3 diamonds: indicates a large rise/fall in a short period of time.
Capture the inflection point
It captures the inflection point immediately after the big rise/fall in the short term, providing trading opportunities.
Channel gap size varies with short-term variability.
How to use it
Hedge mode is recommended
Trading in Hedge mode is recommended because the same position can be created multiple times.
It's also a good strategy to trade in one direction while identifying big trends.
a trading strategy
Open position in green/red section, set purple line to stop.
The target price is set based on a 1:1 or higher profit or loss ratio calculation or a possible technical reversal.
In the event of a stop, the opposite direction can be switched when the gray section is touched.
Correspond to trend intervals
Suitable for lateral intervals, but a trend can increase the likelihood of continuous loss.
In the event of a large reversal after the stop, additional entry is possible in the green/red section again.
Script Behavior Summary
The RSI value and the Donchian Channel are combined to generate a signal.
Auto-calculating and labelling the stoppage and target price.
In sections where strong variability occurs, additional signals (diamonds) require attention.
precautions
Recommended for use in lateral sections:
Script performance may be degraded in highly trending markets.
Built-in Target/Stops Complement:
It is recommended to adjust the target price and the stoppage to the individual's standards in parallel with the technical analysis.
Frame Conformity:
Works best in chart frames under 15 minutes.
Visualize buy/sell segments
Green area: long range, profit and loss ratio advantage.
Red area: Short section, profit-loss ratio glass.
Purple line: stop loss baseline.
Generating an entry signal
RSI-based detection of overbought and oversold conditions.
When a signal occurs, the buy/sell target price and stop-loss are displayed along with the label.
3 diamonds: indicates a large rise/fall in a short period of time.
Capture the inflection point
It captures the inflection point immediately after the big rise/fall in the short term, providing trading opportunities.
Channel gap size varies with short-term variability.
How to use it
Hedge mode is recommended
Trading in Hedge mode is recommended because the same position can be created multiple times.
It's also a good strategy to trade in one direction while identifying big trends.
a trading strategy
Open position in green/red section, set purple line to stop.
The target price is set based on a 1:1 or higher profit or loss ratio calculation or a possible technical reversal.
In the event of a stop, the opposite direction can be switched when the gray section is touched.
Correspond to trend intervals
Suitable for lateral intervals, but a trend can increase the likelihood of continuous loss.
In the event of a large reversal after the stop, additional entry is possible in the green/red section again.
Script Behavior Summary
The RSI value and the Donchian Channel are combined to generate a signal.
Auto-calculating and labelling the stoppage and target price.
In sections where strong variability occurs, additional signals (diamonds) require attention.
precautions
Recommended for use in lateral sections:
Script performance may be degraded in highly trending markets.
Built-in Target/Stops Complement:
It is recommended to adjust the target price and the stoppage to the individual's standards in parallel with the technical analysis.
Frame Conformity:
Works best in chart frames under 15 minutes.
텔레그램
t.me/chartedu (공부방)
t.me/chartedu_chat (공채방)
t.me/chartedu (공부방)
t.me/chartedu_chat (공채방)
Invite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact chartedu for more information, or follow the author's instructions below.
TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.
Author's instructions
″To access this script, you need permission from Trader Gongssaem.
Want to use this script on a chart?
Warning: please read before requesting access.
텔레그램
t.me/chartedu (공부방)
t.me/chartedu_chat (공채방)
t.me/chartedu (공부방)
t.me/chartedu_chat (공채방)
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.