OPEN-SOURCE SCRIPT
Pure Price Action Strategy
Test Price Action Strategy from Lux Pure Price Action Indicator
How This Strategy Works:
Recognizing Trends & Reversals:
Break of Structure (BOS): A bullish signal indicating a trend continuation.
Market Structure Shift (MSS): A bearish signal indicating a potential reversal.
Analyzing Market Momentum:
It uses recent highs and lows to confirm whether the price is making higher highs (bullish) or lower lows (bearish).
Customizing Visualization Styles:
Buy signals (BUY Signal) are plotted as green upward arrows.
Sell signals (SELL Signal) are plotted as red downward arrows.
Stop-Loss (SL) & Take-Profit (TP): Configurable via percentage input.
How This Strategy Works:
Recognizing Trends & Reversals:
Break of Structure (BOS): A bullish signal indicating a trend continuation.
Market Structure Shift (MSS): A bearish signal indicating a potential reversal.
Analyzing Market Momentum:
It uses recent highs and lows to confirm whether the price is making higher highs (bullish) or lower lows (bearish).
Customizing Visualization Styles:
Buy signals (BUY Signal) are plotted as green upward arrows.
Sell signals (SELL Signal) are plotted as red downward arrows.
Stop-Loss (SL) & Take-Profit (TP): Configurable via percentage input.
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.