OPEN-SOURCE SCRIPT
Updated NSDT HAMA Candles STRAT
This is a STRATEGY based on our popular HAMA Candles Indicator.
It is an "Always On" strategy, meaning it will stay in a Long position until the Short criteria shows up, and then it will close the Long position and immediately enter a Short position.
Since this is a strategy, we added a few more components. The most notable one is the grid at the top right that shows the statistics of whatever the current settings are. The user can change the MA lengths and see the potential results update in real time.
Since this is Always On and uses Moving Averages, we added an ADX setting to help filter our trades in a ranging/choppy market.
The settings will need to be adjusted to find the best fit for your instrument, chart time, and risk management plan.
It is an "Always On" strategy, meaning it will stay in a Long position until the Short criteria shows up, and then it will close the Long position and immediately enter a Short position.
Since this is a strategy, we added a few more components. The most notable one is the grid at the top right that shows the statistics of whatever the current settings are. The user can change the MA lengths and see the potential results update in real time.
Since this is Always On and uses Moving Averages, we added an ADX setting to help filter our trades in a ranging/choppy market.
The settings will need to be adjusted to find the best fit for your instrument, chart time, and risk management plan.
Release Notes
Fixed a typo in the Entry MA code calculation.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.
ALL indicators, strategies and bots are included with Discord access.
NorthStarDayTrading.com/discord
youtube.com/shorts/fWFQE7uEHvU
NorthStarDayTrading.com/discord
youtube.com/shorts/fWFQE7uEHvU
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.
ALL indicators, strategies and bots are included with Discord access.
NorthStarDayTrading.com/discord
youtube.com/shorts/fWFQE7uEHvU
NorthStarDayTrading.com/discord
youtube.com/shorts/fWFQE7uEHvU
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.