OPEN-SOURCE SCRIPT
Updated CoGrid Management
This strategy uses grid levels determined by pivot points based on the selected time period.
It's useful for swing trading without leverage, spot trading or for Hold management.
If the price goes down we buy and if it continues to go down we keep buying improving the average price.
When the price rises above the average entry price, we sell and if it continues to rise, we continue to sell.
It works for any pair as long as Buys and Sells quantities are adjusted correctly.
In these times of great economic change, good luck to everyone 🍀
It's useful for swing trading without leverage, spot trading or for Hold management.
If the price goes down we buy and if it continues to go down we keep buying improving the average price.
When the price rises above the average entry price, we sell and if it continues to rise, we continue to sell.
It works for any pair as long as Buys and Sells quantities are adjusted correctly.
In these times of great economic change, good luck to everyone 🍀
Release Notes
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....Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — 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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — 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.