This strategy is suited for big time frames, like 4h -1Day and so on.
It places two orders: long at star high or previous candle high and short at star low or previous candle low.
It can also be applied average, in order to filter between trades .
This strategy works very well with high time frames like Weekly TF because it eliminates the noise in formation.
It also has inside a risk management made of SL/TP , or if not prefered it can exit based on a exit condition.
If you have any questions, please let me know !
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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 a publication is governed by House Rules. You can favorite it to use it on a chart.