OPEN-SOURCE SCRIPT
Williams Fractals Strategy
Updated
This indicator made with using Williams Fractals, 20 50 100 Moving Averages and Relative Strength Index. You can easily find entry points by using Long (L), Short (S) signals.
Note : Settings are optimized for BTC:USDT Perpetual 15min TF. For use different pairs or TFs you may need to change settings.
Note : Settings are optimized for BTC:USDT Perpetual 15min TF. For use different pairs or TFs you may need to change settings.
Release Notes
This indicator made with using Williams Fractals, 20 50 100 Moving Averages and Relative Strength Index . You can easily find entry points by using Long (L), Short (S) signals.This is a 15min scalping strategy for BTC:USDT Perpetual pair. For use different pairs or TFs you may need to change settings.
How to use
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- When flashing Long (L) or Short (S) signal you should wait until the candle closing for the confirmation.
After that candle closed with the signal, you can enter a trade in next candle opening.
Your SL should be 3.1% from etnry and TP should be 0.5% from entry for best results. (You can use Long Position / Short Position tool in Prediction and Measurement Tools in drawing pannel to calculate this. This settings only for BTC:USDT Perp 15 min TF. For other TFs or Pairs settings may vary. You can easily change these settings and backtest your own.)
After entering a trade you can be ignored next signals until close the trade.
This is how this strategy works. Sorry for my bad English. If you have any question you are free to leave a comment. Thank you!
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.
Disclaimer
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