PROTECTED SOURCE SCRIPT
Active S/R Channel
This indicator uses previous highs and lows based on a user defined lookback period to create high and low channels that are created as price actions moves up and down.
When a candle rejects the high or low channel a signal is created outside of the channel.
These should be viewed as potential pullbacks for re-entries or entries into a reversal.
These signals can then be used as an alert to look for a close above or below the user defined moving average to enter a buy or sell trade.
This is basically as close as you get to entering at pivot points.
I have given you the ability to enable and disable the channel while still retaining the rejection signals.
When a candle rejects the high or low channel a signal is created outside of the channel.
These should be viewed as potential pullbacks for re-entries or entries into a reversal.
These signals can then be used as an alert to look for a close above or below the user defined moving average to enter a buy or sell trade.
This is basically as close as you get to entering at pivot points.
I have given you the ability to enable and disable the channel while still retaining the rejection signals.
Skrip terproteksi
Skrip ini dipublikasikan secara closed-source dan anda dapat menggunakannya dengan bebas. Anda dapat memfavoritkannya untuk digunakan pada grafik. Anda tidak dapat melihat atau mengubah kode sumbernya.
Inggin menggunakan skrip ini pada chart?
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