PROTECTED SOURCE SCRIPT
Updated TC Chart Score 1.3 BETA
In version 1.3 I am switching it back to a study.
We have changed the formula for calculating the score with 9 buy conditions, each one allowing 1 point.
The idea is to predict a strong bullish reversal
To use this combine it with bullish candles ideally to confirm a buy signal.
This combines momentum, volume, money flow, and other indicators to show the strength of reversal probability.
Strongest possible score is 9.
I added a slow and fast moving SMA as well to smooth the score.
We have changed the formula for calculating the score with 9 buy conditions, each one allowing 1 point.
The idea is to predict a strong bullish reversal
To use this combine it with bullish candles ideally to confirm a buy signal.
This combines momentum, volume, money flow, and other indicators to show the strength of reversal probability.
Strongest possible score is 9.
I added a slow and fast moving SMA as well to smooth the score.
Release Notes
Made the buy conditions much more conservativeAdded an option to increase the aggressiveness
To do this remove keltner channels
Also added in sell signal conditions which we will work to improve
All setting are customizable
This was designed on a 15 min time frame.
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.