OPEN-SOURCE SCRIPT
4S
4Slopes. hecate
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Using 4 smoothed Slopes (not lagging) and checking when they start to decrease (entering the orange zone) we can either get a general idea (although quite chaotic) view or general tendency of all together .
OR
Use them trading the equity in 4 parts. one will be trading on faster movements (faster slope), second slightly slower and the other two slower and slower. Faster ones will be more profitable but more aggressive and risky than the slower ones.
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Using 4 smoothed Slopes (not lagging) and checking when they start to decrease (entering the orange zone) we can either get a general idea (although quite chaotic) view or general tendency of all together .
OR
Use them trading the equity in 4 parts. one will be trading on faster movements (faster slope), second slightly slower and the other two slower and slower. Faster ones will be more profitable but more aggressive and risky than the slower ones.
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.