OPEN-SOURCE SCRIPT
Trend Following
Moving Average Period:** This is the period of the moving average that will be used to identify the trend. A good starting point is 10 days.
* **Candlestick Patterns:** The candlestick patterns that will be used to identify potential reversals in the trend. Some of the most common candlestick patterns include the bullish engulfing pattern, the bearish engulfing pattern, the hammer pattern, and the inverted hammer pattern.
* **Support and Resistance Levels:** The support and resistance levels that will be used to manage risk. These levels can be identified using a variety of technical indicators, such as the moving average, the Bollinger bands, and the Fibonacci retracement levels.
Here is how the strategy will work:
1. The moving average will be used to identify the trend. When the price is above the moving average, it is considered to be in an uptrend. When the price is below the moving average, it is considered to be in a downtrend.
2. Candlestick patterns will be used to identify potential reversals in the trend. If a bullish candlestick pattern appears in an uptrend, it could be a sign that the trend is about to continue. If a bearish candlestick pattern appears in a downtrend, it could be a sign that the trend is about to reverse.
* **Candlestick Patterns:** The candlestick patterns that will be used to identify potential reversals in the trend. Some of the most common candlestick patterns include the bullish engulfing pattern, the bearish engulfing pattern, the hammer pattern, and the inverted hammer pattern.
* **Support and Resistance Levels:** The support and resistance levels that will be used to manage risk. These levels can be identified using a variety of technical indicators, such as the moving average, the Bollinger bands, and the Fibonacci retracement levels.
Here is how the strategy will work:
1. The moving average will be used to identify the trend. When the price is above the moving average, it is considered to be in an uptrend. When the price is below the moving average, it is considered to be in a downtrend.
2. Candlestick patterns will be used to identify potential reversals in the trend. If a bullish candlestick pattern appears in an uptrend, it could be a sign that the trend is about to continue. If a bearish candlestick pattern appears in a downtrend, it could be a sign that the trend is about to reverse.
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Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.