OPEN-SOURCE SCRIPT
MARKET DYNAMICS HH LL BREAKOUT
Updated
This strategy is designed for Bank nifty and Nifty Indices on 5 min chart.This positional strategy ,go long when the long signal came and exit your buy position when sell signal generated by the strategy and again go short for next trade e g . when long signal came buy bank nifty 25 quantity ,book your profit or loss in next sell signal and again made SELL position with 25 quantity.
it is a non repainting strategy. this is just a breakout strategy and its accuracy is good. Slippages are not considered in the return.
it is a non repainting strategy. this is just a breakout strategy and its accuracy is good. Slippages are not considered in the return.
Release Notes
In this update ,I added back test window, so you can easily back test strategy on monthly basis. This is positional strategy and works well on a 5 min time frame. Here I chnRelease Notes
IN this update,1 you can take only buy , only sell trade according to market condition ,or you can take both side trade. 2- Now you can set target and stop loss according to your risk appetite.Release Notes
ADDED "LONG" "SHORT" AND "ALL"Release Notes
Modify short side tradeRelease Notes
minor updateOpen-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 publication 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.