ROBO_Trading

Noro's Price Channel Strategy v1.0

The blue line is the middle of the price channel.

If there are 2 red candles in a row and a body of the last candle more than a half of an average body of a candle and a candle was closed over the line - to open long-position

If there are 2 green candles in a row and a body of the last candle more than a half of an average body of a candle and a candle was closed under lines - to open short-position

If the candle green - to close long-position

If the candle red - to close short-position

Open-source script

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.

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.

Want to use this script on a chart?