OPEN-SOURCE SCRIPT
HiLo Extension
This Strategy is finding high and low breaks of the day and enter into the trader based on RSI value and time value
1) This strategy is created for Indian Index like Nifty, Bank Nifty and so...
2) Trades are initiate only after 10:15 AM and before 3:10PM
3) High and Low of the day break will be check during the above time frame
4) RSI value will be check (RSI 50)
5) and trade will be initiate
6) Stop loss set as vwma 20...
Note: This Script will work fine in Index future chart not index spot chart...
This is just my idea only... Please back test yourselve, before using it..
Your comments are welcome!
1) This strategy is created for Indian Index like Nifty, Bank Nifty and so...
2) Trades are initiate only after 10:15 AM and before 3:10PM
3) High and Low of the day break will be check during the above time frame
4) RSI value will be check (RSI 50)
5) and trade will be initiate
6) Stop loss set as vwma 20...
Note: This Script will work fine in Index future chart not index spot chart...
This is just my idea only... Please back test yourselve, before using it..
Your comments are welcome!
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
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.