This is the strategy version of my . I added the Trailing Stop and Trailing Profit upon a follower request
I - Concept
I present to you, ladies and gentlemen, the first screener for .
Starting with an ACBD pattern screener this time!!
I used the calculations from Ricardo Santo's script
In short, he's using fractals (regular or ) for the pattern calculations. A masterpiece !!!
II - Definitions
The ( ) is one of the classic chart patterns which is repeated over and over again.
The shows perfect harmony between price and time.
The is an indicator, developed by , that aims to detect reversal points (highs and lows) and marks them with arrows.
Up fractals and down fractals have specific shapes. The indicator helps users determine in which direction price will develop
I included some cool backtest filters:
- Trailing stop with trigger concept coming from this Trailing Stop Strategy
- Trailing profit with trigger coming from this Trailing Profit Strategy
It works for all asset classes (Forex, crypto, indices, etc...) and does not repaint
All the BEST
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.
It really depends on the charted asset to be honest. There isn't a general answer for your question