I found this startegy on internet, with a video explaingin how it works.
Conditions for entry:
1 - Candles must to be above or bellow the 48 MA (Yellow line)
2 - Candles must to break the middle of
3 - must to be above or bellow zero level;
4 - must to be above 25 level
Credits to who developed this startegy ( google it).
Thanks to all pinescripters mentined in the code for their snippets.
It could be improved with stop loss based on ATR etc.
I have also a study with alerts.
Please use comment section for any feedback or contact me if you need support.
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.
Trade is not closed even when the price has hit TP (top BB in case of long and bottom BB in case of short). Same with stop loss also (supposed to be exiting when it crosses the Mid BB).
Trades are being exited only when opposite side entry is made.
(in the source code also there is no mention of TP or SL).
pls clarify. thank you