OPEN-SOURCE SCRIPT
Stochastic CCI BF 🚀
Simply a Stochastic RSI and CCI mix with a Rate of Change filter to stay out of choppy sideways markets.
SIGNALS
INSTRUCTIONS
Pay attention to the background color.
RISK
We use a simple 3% stop loss.
If we get stopped out, we wait for the next signal before re-entering.
Tested on XBTUSD BitMex Daily chart.
SIGNALS
- For a long signal we need both the CCI above 0 and the stochastic line to be higher than the last candle.
- For a short signal we need both the CCI below 0 and the stochastic line to be lower than the last candle.
INSTRUCTIONS
Pay attention to the background color.
- Green = go long
- Red = go short
- White = no trade
RISK
We use a simple 3% stop loss.
If we get stopped out, we wait for the next signal before re-entering.
Tested on XBTUSD BitMex Daily chart.
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.