OPEN-SOURCE SCRIPT
Magical Thirteen Turns - The Greedy Snake
The number 9 appears:
Meaning: Warning signal. The rise may encounter resistance and a cautious pullback is about to begin.
Operation: Consider reducing your holdings (selling a portion) to lock in profits and avoid experiencing wild fluctuations.
The number 13 appears:
Meaning: Strong sell signal. The upward momentum is likely to be exhausted, which is also known as "bull exhaustion".
Operation: It is recommended to liquidate your positions or significantly reduce them. Short sell (if you are trading contracts).
Meaning: Warning signal. The rise may encounter resistance and a cautious pullback is about to begin.
Operation: Consider reducing your holdings (selling a portion) to lock in profits and avoid experiencing wild fluctuations.
The number 13 appears:
Meaning: Strong sell signal. The upward momentum is likely to be exhausted, which is also known as "bull exhaustion".
Operation: It is recommended to liquidate your positions or significantly reduce them. Short sell (if you are trading contracts).
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.
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.
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.