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Vegas Auto

This is a trial script that searches for Vegas buy/sell signals in different time frames.

When a Vegas signal is found, it remains valid until the Vegas tunnel at that time frame is broken (i.e. 12 EMA crosses 144 EMA), or the candle closes across the 200 EMA.

When a signal in a lower time frame is found, the Vegas signal in higher time frames are also considered to be valid, as long as the corresponding EMAs are in the appropriate order. And when the Vegas signal in a lower time frame is invalidated, the script automatically switches to the next higher time frame that is still valid.

The Vegas tunnels when the buy/sell signals are valid are shown as green/red lines. The time frames considered are 30m, 1H, 2H, 4H, 6H, 12H, and 1D.
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 a publication is governed by House Rules. You can favorite it to use it 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.

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