OPEN-SOURCE SCRIPT
Channels With NVI Strategy [TradeDots]
Diupdate
The "Channels With NVI Strategy" is a trading strategy that identifies oversold market instances during a bullish trading market. Specifically, the strategy integrates two principal indicators to deliver profitable opportunities, anticipating potential uptrends.
2 MAIN COMPONENTS
1. Channel Indicators: This strategy gives users the flexibility to choose between Bollinger Band Channels or Keltner Channels. This selection can be made straight from the settings, allowing the traders to adjust the tool according to their preferences and strategies.
2. Negative Volume Indicator (NVI): An indicator that calculates today's price rate of change, but only when today's trading volume is less than the previous day's. This functionality enables users to detect potential shifts in the trading volume with time and price.
ENTRY CONDITION
First, the assets price must drop below the lower band of the channel indicator.
Second, NVI must ascend above the exponential moving average line, signifying a possible flood of 'smart money' (large institutional investors or savvy traders), indicating an imminent price rally.
EXIT CONDITION
Exit conditions can be customized based on individual trading styles and risk tolerance levels. Traders can define their ideal take profit or stop loss percentages.
Moreover, the strategy also employs an NVI-based exit policy. Specifically, if the NVI dips under the exponential moving average – suggestive of a fading trading momentum, the strategy grants an exit call.
RISK DISCLAIMER
Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.
2 MAIN COMPONENTS
1. Channel Indicators: This strategy gives users the flexibility to choose between Bollinger Band Channels or Keltner Channels. This selection can be made straight from the settings, allowing the traders to adjust the tool according to their preferences and strategies.
2. Negative Volume Indicator (NVI): An indicator that calculates today's price rate of change, but only when today's trading volume is less than the previous day's. This functionality enables users to detect potential shifts in the trading volume with time and price.
ENTRY CONDITION
First, the assets price must drop below the lower band of the channel indicator.
Second, NVI must ascend above the exponential moving average line, signifying a possible flood of 'smart money' (large institutional investors or savvy traders), indicating an imminent price rally.
EXIT CONDITION
Exit conditions can be customized based on individual trading styles and risk tolerance levels. Traders can define their ideal take profit or stop loss percentages.
Moreover, the strategy also employs an NVI-based exit policy. Specifically, if the NVI dips under the exponential moving average – suggestive of a fading trading momentum, the strategy grants an exit call.
RISK DISCLAIMER
Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.
Catatan Rilis
- Included buy and sell labels
- Included strategy commission
- Minor changes
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menerbitkannya sebagai sumber terbuka, sehingga para trader dapat memahami dan memverifikasinya. Hormat untuk penulisnya! Anda dapat menggunakannya secara gratis, namun penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk digunakan pada chart
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.