OPEN-SOURCE SCRIPT

[Mad] L4 Entryboxes

Updated
This is a Signalfilter which only lets Signals through when the actual price is inside the Box

Setup:

Signalgiving Indicator (plot output -1 Short 0 Idle 1 Long)
tunneled into the Boxes
Output signal is filtered via boxes

There is a offset, so you can drag and drop the boxes into the future, which is not possible for the moment in TV by default to do that.
As i like dragging the corners exactly and not typing numbers, thats the next best thing i came up with :-)

Short box only pass through -1
Long box only pass through +1

If you have by mistake drawn the box not from "LEFT TOP" to "RIGHT BOTTOM" the box will have a yellow border, which shows directly that there is a error

Have fun

Release Notes
added a signalpassthrough for debugging the signal chain
Release Notes
mutlibit update
Release Notes
...
Release Notes
transparency for boxes added
Trend Analysis

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.

Want to use this script on a chart?


djmad|Bitblockart

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