💎 Access to this paid script can be requested through our website: link is in my signature and on my profile page (https://www.tradingview.com/u/Daveatt)
💎 This script is not a trading indicator but an exit investment indicator.
After a big move and especially when we're at All-time-high or all-time-low levels, it's really a best random guess to exit.
We designed this algorithm to give an early TOP/BOTTOM signal allowing to exit near:
- the highest price of a LONG movement
- the lowest price of a SHORT movement
We built this system knowing the followings:
1) Any asset moving strongly UP or DOWN will retrace at some point.
2) And the faster it goes UP/DOWN, the more violently it will retrace.
This is one of the few guarantees we have in trading - the market MUST punish the greedy investors/traders who dare never taking profit
This indicator is really amazing
This is a very simple trading strategy.
It's never easy to take profit as we always fear of missing out.
Now, it's much easier and designed to:
- multiply your stack
- give a few trades per year only
What to do after exiting your stack?
1) Best case scenario:
You were long and exited and then it drops a lot.
The perfect scenario where we can get back in with a dollar cost average methodology or using your favorite trading indicator(s)
2) You exited but it keeps going and going
That's totally OK to take profit, this is never a mistake - repeat it an hundred times until your brain agrees with this statement.
Of course, you can re-enter using your favorite indicator(s)
Even if the scenario 2) happens, the scenario 1) should largely offset the missed-out profits.
Which asset classes?
Compatible with anything than can be held long-term.
Namely, cryptocurrencies, stocks, .
⌚ Which Timeframes?
It's compatible with an hourly and a 2-hours timeframes.
We mostly use here the H2 timeframe to exit our HODL positions
Alerts are obviously enabled for both directions
Optimized the exit signals
Reminder: to be used on an 2-hours timeframe and to exit after a big upwards/downwards movement
Pushed a fix for the alerts
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Daveatt for more information, or follow the author's instructions below.
TradingView does not suggest paying for a script and using it until you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Public Library.
Script can be purchased here: https://best-trading-indicator.com/produ...
Warning: please read before requesting access.
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