guikroth

Range Filter Buy and Sell 5min

Original Version credits to DonovanWall

Actual Version i just set alerts and change the parameters for BTCUSDC 5min Chart.

NO REPAINT.

Wait For Barclose

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.

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Comments

Backtested with 0.08% fees, this strategy loses money.
+54 Reply
bobbytheblob capriole_charles
@capriole_charles, yep, trading the 5min chart on BTC is way too expensive to be worth it. 0.15% round trip fee on most futures exchange will just kill you right there.
+3 Reply
BHCap bobbytheblob
@bobbytheblob, Try using it on the 15mins and closing as RSI closes in OB or OS
+1 Reply
JCCarl capriole_charles
@capriole_charles, not if you set a risk to reward ratio. And go up to. Higher time frame with this script. It's amazing
+8 Reply
Hello sir.
Can we use this also in 1Day timeframe? It is also accurate?

best regards
+36 Reply
guikroth gjob83
@gjob83, yes, it works the same way
+2 Reply
JCCarl gjob83
@gjob83, I'm looking to see when the buy it sell signal could possibly show next week on 1D. Maybe 00:00 utc. Then trade at a lower spread a couple hours later. I should hope
Reply
Hello sir, I am very much impressed by your range filter, I know the market structure as range trend and range, I couldnot make out how exactly to use this, as i am unable to get the thing you have coded as i am simple biological graduate. can you please explain the concept behind your filter and how to use it.
+31 Reply
Can i use on one minute time frame? Thank you!
+26 Reply
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