OPEN-SOURCE SCRIPT
PickingupFromBottom Strategy
PickingupFromBottom Strategy is variation of my earlier strategy HiLoBand
This strategy uses lowest lows of 200 and ema of that with length 7. Lets call this ema200Lows line
wait for price to close below ema200Lows line
Then using camarilla pivot points , wait for camariall centerpoint (actally ema 9 of that ) crossing up the ema200Lows line.
When this condition is met background color is changed to green (visual alert)
and BUY Long is taken
Exit
When the price crosses below the Camarilla R4 line or Camarilla S3 line
Tested with SPY and QQQ on 30 mins chart.
Warning
This strategy is published for educational purposes only.
This strategy uses lowest lows of 200 and ema of that with length 7. Lets call this ema200Lows line
wait for price to close below ema200Lows line
Then using camarilla pivot points , wait for camariall centerpoint (actally ema 9 of that ) crossing up the ema200Lows line.
When this condition is met background color is changed to green (visual alert)
and BUY Long is taken
Exit
When the price crosses below the Camarilla R4 line or Camarilla S3 line
Tested with SPY and QQQ on 30 mins chart.
Warning
This strategy is published for educational purposes only.
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.