OPEN-SOURCE SCRIPT
Box Trading (Malaysia Stock Market)
1. This indicator is based on the Box Trading technique for Malaysia Stocks Market.
2. The idea of Box Trading is to use high / low of the last Marubozu Candle as a Resistance / Support for the next following candles.
3. If price of next following candle breaks Resistance of high in the last Marubozu Candle, then enter the trade.
4. If price of next following candle breaks Support of low in the last Marubozu Candle, then exit the trade.
5. Hence, this indicator will indicate:
- Last Marubozu Candle in a green bar (preset at 6 bids/pips for Malaysia Stocks Market)
- Resistance Line on the top of the high last Marubozu Candle
- Support Line at the bottom of the low last Marubozu Candle
- T calculation starting from T0 until T+3 (to indicate days before short selling occur at T+4 of Malaysia Stocks Market)
- Blue up triangle to indicate price breakout the Resistance Line
- Red down triangle to indicate price breakout the Support Line
6. However, this indicator is only designed for Malaysian Stocks Market as the script is based on the bids/pips calculation of the Malaysian Stocks Market. Nevertheless, I let the script open for everyone to modify it based on your own preference markets/instruments.
7. Hope you guys enjoy it. Thanks.
2. The idea of Box Trading is to use high / low of the last Marubozu Candle as a Resistance / Support for the next following candles.
3. If price of next following candle breaks Resistance of high in the last Marubozu Candle, then enter the trade.
4. If price of next following candle breaks Support of low in the last Marubozu Candle, then exit the trade.
5. Hence, this indicator will indicate:
- Last Marubozu Candle in a green bar (preset at 6 bids/pips for Malaysia Stocks Market)
- Resistance Line on the top of the high last Marubozu Candle
- Support Line at the bottom of the low last Marubozu Candle
- T calculation starting from T0 until T+3 (to indicate days before short selling occur at T+4 of Malaysia Stocks Market)
- Blue up triangle to indicate price breakout the Resistance Line
- Red down triangle to indicate price breakout the Support Line
6. However, this indicator is only designed for Malaysian Stocks Market as the script is based on the bids/pips calculation of the Malaysian Stocks Market. Nevertheless, I let the script open for everyone to modify it based on your own preference markets/instruments.
7. Hope you guys enjoy it. Thanks.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.