In this case we make use of
1. Trend ->
2. Oscillator ->
3. -> oscillator
4. -> ATR
5. Price action -> ascending/descending highs/lows
Long = close above , histo is positive, oscilator is positive and we have ascending highs
Exit= close below , histo is negative, oscillator is negative and we have descending lows
For risk management we use the ATR and we calculate multipliers for TP and SL based on current candle value ATR from entry.
If you have any questions , message me in private !
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.
Telegram group: https://t.me/atrader_life