This is a high scalping strategy that works on any time frame.
It uses a trend following functionality to capture profit and minimize risks.
The squares above and below shows you the strength of the trend. A Bright green square shows a strong movement while a bright red shows a strong movement
There are 2 moving averages of the same shaded color as the squares that offer to the market as it moves. they can be also used as trend flags of the strategy.
When the market is above the moving averages, The squares are oftenly bright green, If they change color, it shows a possible or a reversal.
When the market is below the moving averages, they offer the resistance or a possible start point.
You can use the indicator for longterm based entries if you are on a higher timeframe.
To get the best results, ensure to add commissions in your trades to cover for the broker spread and broker commissions
You can set Stop loss, take profit, trailing triggers and trailing offset on the strategy to maximize your profit
Bull Alert : Provides the buy signal
Bear Alert : Provides the sell signal
It finds and creates channels for each Point . Channel size is calculated by (Highest - Lowest) * %Channel_size in Loopback Period. After creating channels it calculates that how many in the channels. more in channel means stronger . in the option menu there is S/R Strength, this is the minimum number of that each channel must contain to be S/R. calculation starts from last and go back for "loopback period" which is 300 by default. so last have more priority. Finally after calculating it draws lines.
Number of line is Dynamic and up to 20 lines, that means number of lines changes dynamically. you can see how the script puts Suppport/Resistance lines dynamically by "Replay" button.
Currently the scripts checks up to 40 in loopback period. it shows up to 20 S/ Rs only for visible area in the chart.
There is option to Show S/R lines as Solid, Dotted or Dashed.
O acesso a este script é restrito aos usuários autorizados pelo autor e geralmente requer pagamento. Você pode adicioná-lo a seus favoritos, mas só poderá utilizá-lo após solicitar permissão e obtê-la de seu autor. Contate murotech para mais informações, ou siga as instruções do autor abaixo.
TradingView não sugere pagar por um script e usá-lo até que você confie 100% em seu autor e entenda como o script funciona. Em muitos casos você pode encontrar uma boa alternativa de código aberto gratuitamente em nossa Biblioteca Pública.
Hello Trader, You can contact me on my telegram if you need access or you have any question. https://t.me/satomamoto Ask your Tutorial Guide for use well Market Boss.
Aviso: por favor leia antes de solicitar acesso