OPEN-SOURCE SCRIPT
Dotenslayer : An open range breakouts method indicator for bot
This script shows the long and short points of certain Japanese bots like 'DotenKun' which use open range breakouts method.
Searching recent 18 bars as default and shows the range calculated with a factor (default k = 1.6). You can edit this condition by yourself.
When filled the long or short conditions, also shows the indicator on the price chart to help your trading on BTC.
Also, this script can make alarm events related to those conditions.
This script only works for BTCUSD, XBTUSD, BTCJPY, FXBTCJPY with 1H time span.
Disclaimer :
I don't own the source code of the certain bots and I didn't directly reference the source code of it.
So which means, I don't guarantee this script works as same as the bots works.
Also, I didn't mean to disturb their trading bot businesses.
Your donations are welcome! :
BTC : 327MqYGfHJFC7LRijGwQZXdTAyFwvYCzyv
ETH : 0x5E270c3667E65ba6158D292a98c5b54F81AfCAf1
Searching recent 18 bars as default and shows the range calculated with a factor (default k = 1.6). You can edit this condition by yourself.
When filled the long or short conditions, also shows the indicator on the price chart to help your trading on BTC.
Also, this script can make alarm events related to those conditions.
This script only works for BTCUSD, XBTUSD, BTCJPY, FXBTCJPY with 1H time span.
Disclaimer :
I don't own the source code of the certain bots and I didn't directly reference the source code of it.
So which means, I don't guarantee this script works as same as the bots works.
Also, I didn't mean to disturb their trading bot businesses.
Your donations are welcome! :
BTC : 327MqYGfHJFC7LRijGwQZXdTAyFwvYCzyv
ETH : 0x5E270c3667E65ba6158D292a98c5b54F81AfCAf1
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.