Simple strategy for intraday trading (not a chart analysis)

Herer in this video we have discussed a simple but effective trading strategy with the help of which you can achieve high accuracy with good risk to reward.


// This source code is subject to the terms of the Mozilla Public License 2.0 at mozilla.org/MPL/2.0/
// © Rahul

//version=5
indicator(title='Four Candles Scanner with Bollinger Bands', shorttitle='SEQ_VWEMA_BB', timeframe="", overlay=true)

//VARIABLE

body = close - open
//range_1 = ((high[4] + high[3] + high[2] + high[1]) - (low[4] + low[3] + low[2] + low[1])) / 4

// Sell Buy setup

buySEQ = body[4] < 0 and body[3] > 0 and body[2] < 0 and body[1] > 0
plotshape(buySEQ, title='Buy SEQ', location=location.belowbar, textcolor=color.lime, style=shape.triangleup, size=size.normal, color=color.lime, text='Buy\nAlert')

sellSEQ = body[4] > 0 and body[3] < 0 and body[2] > 0 and body[1] < 0
plotshape(sellSEQ, title='Sell SEQ', location=location.abovebar, textcolor=color.red, style=shape.triangledown,size=size.normal, color=color.red, text='Sell\nAlert')


//Bollinger Band

length = input.int(20, minval=1)
src = input(close, title="Source")
mult = input.float(1.5, minval=0.001, maxval=50, title="StdDev")
basis = ta.sma(src, length)
dev = mult * ta.stdev(src, length)
upper = basis + dev
lower = basis - dev
offset = input.int(0, "Offset", minval = -500, maxval = 500)
p1 = plot(upper, "Upper", color=#2962FF, offset = offset)
p2 = plot(lower, "Lower", color=#2962FF, offset = offset)
plot(ta.vwma(close, 5), color=#1a0e05f8)
plot(ta.vwap(close), color=#4c17d1e7)
plot(ta.ema(close, 200), color=#d11736f8 )