OPEN-SOURCE SCRIPT
BIST Commander - Strategic Momentum
Description : This indicator is designed for retail investors who want to follow the trend without getting caught in market noise. It is optimized for 1-Hour, 2-Hour, and 4-Hour timeframes.
Key Features:
Triple Filter Mechanism: Checks Daily Bullish structure, Weekly Confirmation, and Momentum (CCI) simultaneously.
No Repaint: Signals are calculated based on fixed daily/weekly data to ensure stability.
Anti-Noise: By using a strict CCI threshold (95/-85), it avoids premature entries in sideways markets.
Strategy Logic:
BUY: Active when the price is above Today's Open AND Yesterday's High AND Weekly Open AND CCI is above 95.
SELL: Triggered when CCI loses momentum (falls below 85) or enters a bearish zone.
Note: This is a trend-following tool. It works best in trending markets and helps you stay disciplined.
Key Features:
Triple Filter Mechanism: Checks Daily Bullish structure, Weekly Confirmation, and Momentum (CCI) simultaneously.
No Repaint: Signals are calculated based on fixed daily/weekly data to ensure stability.
Anti-Noise: By using a strict CCI threshold (95/-85), it avoids premature entries in sideways markets.
Strategy Logic:
BUY: Active when the price is above Today's Open AND Yesterday's High AND Weekly Open AND CCI is above 95.
SELL: Triggered when CCI loses momentum (falls below 85) or enters a bearish zone.
Note: This is a trend-following tool. It works best in trending markets and helps you stay disciplined.
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.