OPEN-SOURCE SCRIPT
PA ScratchiCloud
This indicator is a modification of Golgistain's Hi/Lo Pivot indicator. I added a shorter length 2 to get early entries on short positions.
The way it works is you choose a timeframe you would like to trade and then set the indicator length to match the candle price action patterns. Default is M5 chart with 4/2 for the indicators.
Rules: Take the trade when price breaks out the top or bottom of the line.
Exit: Take what you can get and give nothing back.
Good luck - CharlieMax :0)
The way it works is you choose a timeframe you would like to trade and then set the indicator length to match the candle price action patterns. Default is M5 chart with 4/2 for the indicators.
Rules: Take the trade when price breaks out the top or bottom of the line.
Exit: Take what you can get and give nothing back.
Good luck - CharlieMax :0)
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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