OPEN-SOURCE SCRIPT
Updated swing trade
THIS strategy is based on the
franklin ochao swing trade book
confirmed bullish - when ever stock closed above R2 (more bullish)
when ever stock closed between R1 AND R2 (moderatly bullish or consolidation phase with respect to previous trend)
entry1 for more bullish trend is buy at every dips means when ever price low below pivot when it open above the pivot
entry2 for more bullish trend is buy at low is below s1
keep strictly stoploss at s1 of previous day (r2 close day)
trend reversal is possible once stock close below s1 in 1hr time frame
virgin cpr or missed pivot is added a advantage
For bearish mode this vice verse
franklin ochao swing trade book
confirmed bullish - when ever stock closed above R2 (more bullish)
when ever stock closed between R1 AND R2 (moderatly bullish or consolidation phase with respect to previous trend)
entry1 for more bullish trend is buy at every dips means when ever price low below pivot when it open above the pivot
entry2 for more bullish trend is buy at low is below s1
keep strictly stoploss at s1 of previous day (r2 close day)
trend reversal is possible once stock close below s1 in 1hr time frame
virgin cpr or missed pivot is added a advantage
For bearish mode this vice verse
Release Notes
Updated trend analysiserOpen-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.