Please note alert triggers in delay by number of bars defined in the settings. (same as strategy) ...
Bar color also changes when alert triggers ...
Yellow Bar shows BUY
Purple Bar shows EXIT ( Exit the Long position ... NO SHORTing )
On each Yellow Bar can be added to existing position
On each Purple Bar , exit partial position OR exit the whole position
Appreciate your feedback.
Use for education purpose only ...
Here is the color code...
Bar turns Yellow when it takes Long Position
Once in Long position , Bar color turns to Blue
Bar turns to Purple when price reaches profit level defined in settings OR when bear condition appears
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.
Is this scrip also for 1D? Is it possible for you to make it for 1H?
When I set an alert. Which one do i use?
- Only once
- Once per bar
- Once per bar close
- Once per minute