PROTECTED SOURCE SCRIPT
Updated Ghosty's Snow Capped Mountain
This is what i would like to call an Ideal, Trend riding indicator.
When the "snow" begins to form on the mountain, an upswing is starting.
When the "snow" ends, a downswing is starting.
The Dark area in between the snow and the mountain is a confirmation of the swing.
The orange and blue bars are a second confirmation of the swing. ( blue = up, orange = down)
Third (optional) confirmation, when bars break the orange/blue bars.
If you are a conservative trader , you can start from the opening of either trend and close when the color changes.
Place stop Losses in dark gray area. The amount is up to you.
Happy Trading !
When the "snow" begins to form on the mountain, an upswing is starting.
When the "snow" ends, a downswing is starting.
The Dark area in between the snow and the mountain is a confirmation of the swing.
The orange and blue bars are a second confirmation of the swing. ( blue = up, orange = down)
Third (optional) confirmation, when bars break the orange/blue bars.
If you are a conservative trader , you can start from the opening of either trend and close when the color changes.
Place stop Losses in dark gray area. The amount is up to you.
Happy Trading !
Release Notes
Added some extra confirmations.Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.