PROTECTED SOURCE SCRIPT
Cyclical ROC [WIP2]
Strategy Overview
When to Search for Signals
1. When the Higher Cycle is UP (Bullish Trend)
Bias: Long (Buy).
2. When the Higher Cycle is DOWN (Bearish Trend):
Bias: Short (Sell).
Generally, look for long (initiative/breakout) entries when the main cycle curve is up or the area is red but curving sharply up; vice versa for short initiative trades.
- Trend Alignment: Focuses on trading exclusively in the direction of the dominant market force.
When to Search for Signals
1. When the Higher Cycle is UP (Bullish Trend)
Bias: Long (Buy).
- Action: Wait for the price to pull back (dip) on the lower timeframe.
- Signal: Enter when the lower timeframe indicates support holds or momentum turns back up.
- Ignore: All short/sell signals.
2. When the Higher Cycle is DOWN (Bearish Trend):
Bias: Short (Sell).
- Action: Wait for the price to rally (bounce) on the lower timeframe.
- Signal: Enter when the lower timeframe hits resistance or momentum turns back down.
- Ignore: All long/buy signals.
Generally, look for long (initiative/breakout) entries when the main cycle curve is up or the area is red but curving sharply up; vice versa for short initiative trades.
Protected script
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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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.