OPEN-SOURCE SCRIPT

gucci 1.0 1min NQ/renko/heikin/candle

Por goat-farm
Input Parameters

These are settings you can adjust:

Box Close: Determines if the strategy should consider signals when a "box" (which could be a period of time or a visual representation) closes.
Timeframe: The duration of each candlestick on the chart (e.g., 1 minute, 1 hour, 1 day).
High/Low Period: How many past candlesticks to look at when determining the highest and lowest prices.
EMA Periods: How many periods (candlesticks) to use for calculating moving averages (EMA), which are tools to help identify trends.
Take Profit and Stop Loss: These are predefined price levels at which the strategy will automatically close a trade to lock in profits or limit losses.
Trailing Stop: A dynamic stop loss that moves with the price to protect profits as the trade goes in your favor.

Indicators Used

EMAs (Exponential Moving Averages): These are lines on the chart that show the average price over a certain number of periods, with more weight given to recent prices. They help identify the direction of the trend.
55 EMA: A shorter-term EMA that reacts faster to price changes.
200 EMA: A longer-term EMA that reacts more slowly and shows the overall trend.

High and Low Prices: These are the highest and lowest prices over a specified period, used to identify potential support and resistance levels.

How the Strategy Works

Trend Detection:
The strategy first checks if the market is in an uptrend or downtrend by comparing the 55 EMA to the 200 EMA.
If the 55 EMA is above the 200 EMA, it's considered an uptrend (bullish).
If the 55 EMA is below the 200 EMA, it's considered a downtrend (bearish).

Entry Conditions:
Long (Buy) Signal:
Occurs when the market is in an uptrend, and the price crosses above the low price of the specified period and also crosses above the 55 EMA.
Short (Sell) Signal:
Occurs when the market is in a downtrend, and the price crosses below the high price of the specified period and also crosses below the 55 EMA.

Trade Execution:
When a buy or sell signal is triggered, the strategy places an order to buy or sell the instrument.
It also sets automatic orders to take profits or limit losses based on the specified take profit, stop loss, and trailing stop values.

Exit Conditions:
The strategy will exit a trade if the market trend changes or if the price crosses the 55 EMA in the opposite direction of the trade.

Visual Aids:
The script plots lines and labels on the chart to help visualize the high and low prices, EMAs, and entry/exit signals.
Labels like "Buy" or "Sell" are added to the chart where trades occur, making it easy to see when the strategy would have bought or sold.

Alerts:
The script sends notifications (alerts) when a buy or sell signal is generated, so you can act on it in real-time.

Summary

In essence, this script is a tool to help automate trading decisions based on historical price data and moving averages. It buys or sells based on pre-defined rules and helps manage trades with take profit, stop loss, and trailing stop orders. The visual elements and alerts make it easier to follow and act on the strategy's signals.
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Script de código aberto

No verdadeiro espírito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam compreendê-lo e analisá-lo. Parabéns ao autor! Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.

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