INVITE-ONLY SCRIPT

TREND WITH DOUBLE CONFIRMATION

103
Hi ,
As the name suggest this is trend based indicator which follows average true range and ema with double confirmation mode , its a very simple indicator for any asset any timeframe , use can switch modes based on the asset they are trading .

Entry LONG Condition: When a buy signal comes and if price is above the movingaverage line then only on the closing of thecandle one will take a buy position
Entry SHORT Condition: When a sell signal comes and if price is below the movingaverage line then only on the closing of thecandle one will take a sell position

Exit from long position if price above and sell signal comes exit long position and re enter buy when buy comes again
Exit from short position if price below and buy signal comes exit short position and re enter sell when sell comes again

----------------
Disclaimer

Copyright by FaizanNawazz.

The information contained in my scripts/indicators/strategies/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.

All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.

My scripts/indicators are only for educational purposes!

Happy Trading!

免責事項

この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。