INVITE-ONLY SCRIPT
SMART MONEY - Trade Entry
The fundamental idea behind the strategy that this indicator is used to trade, is that when a move in the market is larger than other recent moves, a move in the opposite direction to a degree of teh first move will often follow.
Use this indicator with the "Smart Money - Trade Overview" to show on the chart where Take Profit 1 (White), Take Profit 2 (Pink), Stop Loss (Grey) and Long & Short Entries (Blue and Red) are located.
Adjusting the Entry and Take Profit settings allows for either an agressive, or reserved entry and take profit strategy. The stop loos can also be adjusted. All adjustments are in terms of a factor of the range of the bar in which they are placed.
If using with "Smart Money - Trade Overview, the settings should be adjusted together.
Use this indicator with the "Smart Money - Trade Overview" to show on the chart where Take Profit 1 (White), Take Profit 2 (Pink), Stop Loss (Grey) and Long & Short Entries (Blue and Red) are located.
Adjusting the Entry and Take Profit settings allows for either an agressive, or reserved entry and take profit strategy. The stop loos can also be adjusted. All adjustments are in terms of a factor of the range of the bar in which they are placed.
If using with "Smart Money - Trade Overview, the settings should be adjusted together.
Invite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact regularjoetraders for more information, or follow the author's instructions below.
TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.
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