OPEN-SOURCE SCRIPT
Decision BF
For XBT/USD pairs.
Based on Decision Point oscillator by LazyBear.
I added a Rate of Change component based on code by kiasaki - this stops trading in a sideways market.
You can adjust stop loss and take profit values in the settings.
INSTRUCTIONS
Based on Decision Point oscillator by LazyBear.
I added a Rate of Change component based on code by kiasaki - this stops trading in a sideways market.
You can adjust stop loss and take profit values in the settings.
INSTRUCTIONS
- Go Long when the background turns from red to green
- Go Short when the background turns from green to red
- Do not trade when background is white since this is a sideways market
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.