OPEN-SOURCE SCRIPT
Updated Short Env Entry
Strategy To Enter the MegaCap Stocks when Price is below the SMA 200 by a certain percentage and Exit after the Price Rises to SMA200.
I am further Refining the Strategy and would try to build additional features for Back-Testing.
I am further Refining the Strategy and would try to build additional features for Back-Testing.
Release Notes
Changed the condition for candle close to low and highRelease Notes
This script has been improved for many short falls of the previous script and also has been named differenty.Changed the Strategy Script to combine exit strategies either at SMA 200 or the Upper Band of Envelope.
Have also enhanced the script to take the date selection for back-testing the strategy
Envelope Settings to be used:
1. Only Daily TimeFrame
2. Envelope Setting to be used is 14% above or below the SMA200
Thanks
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.