OPEN-SOURCE SCRIPT
MMS Buy Strategy
Monthly and Weekly filters check proximity to upper Bollinger Band or positive lower BB momentum.
Daily section:
Confirms a challenge to the lower Bollinger Band.
Then looks for either:
Bullish Engulfing,
Bullish Piercing candle closing above 50%,
Morning Star reversal pattern.
Daily momentum enforced via RSI > 40.
EMA 50 condition captures support/fake breakdown or close proximity (within 1%).
Stochastic ensures a positive crossover from a likely oversold zone.
Daily section:
Confirms a challenge to the lower Bollinger Band.
Then looks for either:
Bullish Engulfing,
Bullish Piercing candle closing above 50%,
Morning Star reversal pattern.
Daily momentum enforced via RSI > 40.
EMA 50 condition captures support/fake breakdown or close proximity (within 1%).
Stochastic ensures a positive crossover from a likely oversold zone.
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.