raztrades
How it works:
Calculates 50% and 100% ATR levels from the previous close (or gap-adjusted base)
Determines trend direction using SMA 20 vs SMA 200 on the 5-min chart
After the first 5-min candle closes, analyzes its tail quality to generate an entry signal
Levels & Logic:
Bullish (SMA20 > SMA200): levels plotted ABOVE the base price
Bearish (SMA20 < SMA200): levels plotted BELOW the base price
Gap handling: Bearish gap-up uses 1st candle high as base; Bullish gap-down uses 1st candle low
Plots 50% and 100% ATR levels from previous close, with SMA 20/200 trend direction, previous day high/low, and first candle tail-based entry signal. Best on 5-min charts.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact raz123z6nwb directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact raz123z6nwb directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.