This script builds levels based on the High and Low of the previous trading day; a middle line is also added, which is the average value of these data. The indicator generates a long signal when the High level of the previous day is broken, as well as a short signal when the low is broken. The idea of the indicator is to capture volatility in the crypto market. You can try small takes of 1-2% of the movement, they will be more likely to work out. The script is intended rather to search for interesting “strong” assets within a day, for further analysis of whether it is worth trading or not.
This script builds levels based on the High and Low of the previous trading day; a middle line is also added, which is the average value of these data. The indicator generates a long signal when the High level of the previous day is broken, as well as a short signal when the low is broken. The idea of the indicator is to capture volatility in the crypto market. You can try small takes of 1-2% of the movement, they will be more likely to work out. The script is intended rather to search for interesting “strong” assets within a day, for further analysis of whether it is worth trading or not.