TradingView
tolo507
Jan 5, 2021 8:36 AM

Scaling Into Position 

Bitcoin / United States DollarCoinbase

Description

Plot Orders for scaling Into a Position

Release Notes

Scaling into position plotting orders

Release Notes

Scaling into position building

Release Notes

Scaling into position building plot horizontal lines

Release Notes

Scaling into position

Release Notes

Updated horizontal line placement

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Added profit target line

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Added plot titles and modified input description

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Added 4 EMAs

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Updated labels and EMAs

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Added SMA and modified labels

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Updated line format for SMA

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Added profit label

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Added average position line, updated labels and line display, added Bollinger Bands

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Modified input labels and background fill calculation

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Added Short option to build a position and scale in for shorting
Added extra manual drawn lines for take profit and entry points

Release Notes

Modified layout and super slow moving average color

Release Notes

Added manual price line entries. Removed profit % line and labels.
Comments
tolo507
This indicator is designed for Bitcoin but will also work with any market by modifying price and gap percentages.

The purpose of this script is for mean reversion scaling into a position startegy. Remember to manage risk and use small position sizes (based on a percentage of your capital) for each level. Start to cut your loss if, price is trading outside your last position.

This is not investment advice and default values do not represent any recommendation for a trade. Modify the settings based on your own entry, take profit, and stop prices.
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