Channel Exit Momentum Sell Signal
The sell signal is triggered when the price falls below the lower bounds of both channels, indicating strong bearish pressure. Specifically:
Channel 1 and Channel 2: These are based on a Simple Moving Average (SMA) with a range adjusted by a multiplier. These channels represent dynamic support zones.
Breaking the lower bound: When the price breaks below the lower bound of both channels, it means the price has fallen below the support levels defined by these moving averages. This suggests that the bullish trend has lost strength and a bearish continuation is likely.
Confirmation: To avoid false signals, the condition requires the price to stay below these bounds for two consecutive candles, reinforcing the likelihood of a sustained bearish trend.
Channel 1 and Channel 2: These are based on a Simple Moving Average (SMA) with a range adjusted by a multiplier. These channels represent dynamic support zones.
Breaking the lower bound: When the price breaks below the lower bound of both channels, it means the price has fallen below the support levels defined by these moving averages. This suggests that the bullish trend has lost strength and a bearish continuation is likely.
Confirmation: To avoid false signals, the condition requires the price to stay below these bounds for two consecutive candles, reinforcing the likelihood of a sustained bearish trend.
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"Access our premium algorithms 🍻! Invite us for a beer at buymeacoffee.com/pinescriptlabs, then add your TradingView username in the 'Say something nice' section and send us a private message."
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。