Personal Experiment Indicator based on Donchian Channel and ATR
Blue Dot = Entry Point Red Dot = Stop Loss Green Dot = Breakout Candle Orange Triangle = Uptrend Confirmation
Entry - only entry if it suit your risk - Entry at the beginning of uptrend is a good entry
Stop Loss - Stop Loss calculation are based on 100 lot shares - Risk calculation at Info panel
Take Profit (TP) - TP calculation as followed : Range = Close Price - Stop Loss
TP1 = Close Price + ( 1 x Range ) TP2 = Close Price + ( 2 x Range ) TP3 = Close Price + ( 3 x Range )
Note : EP = Entry price / Trigger price CP = Close Price SL = Stop Loss Risiko = ( CP - SL ) x 100 lot
Release Notes
- Added Bollinger Band - - Tilson Line = hampir sama fungsi dengan Moving Average (SMA5) -
Release Notes
Revised and Updated Script with Simpified Version
Added : - Bollinger band - High Low Lines - Tilson Line - act as closest support and resistance = almost same as sma5 - Green Candle = Breakout Candle - Red Candle = Hit Stop Loss Candle
Dot Green = Breakout Candle Green Candle = Breakout Candle with exceeding highest price of previous 20 candles Red Dot = Trailing Stop / Stop Loss Red Candle = when price break Trailing Stop
Thanks 😊
Added : Tables which consist of : - Volume - Transaction = Volume * Current Price - Relative Volume (RV) = ( Volume / ( average 20days Volume ))
If RV is = 1 ( is average volume ) but if RV > 2 than we can assume current volume are high 2 times than usual.
Release Notes
- Added 1 Layer of Gann - R1 act as Resistance or TP level - S1 act as Support or Exit level - Label Info is now positioned at the lower part to give space for Gann line
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.