PROTECTED SOURCE SCRIPT
Scrip Drip v317 (by faken)
This Script Is a combination of Moving Averages and Macd.
The green circles show when the pinbar is above the moving average and has a positive macd, and red circles are the opposite.
The upwards/downwards triangles are shown when a candle is on both sides of the ma line, which can indicate a break.
Make sure to watch for a confirmation candle after one of these breaks to make sure it is not a fakeout.
This works well for stocks and crypto, but the timeframes I would recommend are 2/4h for crypto and 1h or lower for stocks, as stocks have more definitive trendlines compared to crypto.
I am still developing it heavily, to find the best entry and exit points.
Thanks for support.
The green circles show when the pinbar is above the moving average and has a positive macd, and red circles are the opposite.
The upwards/downwards triangles are shown when a candle is on both sides of the ma line, which can indicate a break.
Make sure to watch for a confirmation candle after one of these breaks to make sure it is not a fakeout.
This works well for stocks and crypto, but the timeframes I would recommend are 2/4h for crypto and 1h or lower for stocks, as stocks have more definitive trendlines compared to crypto.
I am still developing it heavily, to find the best entry and exit points.
Thanks for support.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – 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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – 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.