OPEN-SOURCE SCRIPT

Magic 8

4 114
The Magic 8 is reference of when to go long a stock after a drop of its price action. An arrow will fire off and the background will change, when the price action crosses the 8sma (from above or below). The target would then be the 20sma or the 50sma with a stop one tick below the 5 min entry bar. This was emphasized to me by Jory Lamping at Traderstoolbox. I have put it out here for anyone to use, on any stock or market price action. It is a way to find an entry by knowing your stop and target prices when you enter a trade. Please keep in mind that all trading is the responsibility of the trader ultimately.

免責聲明

這些資訊和出版物並非旨在提供,也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。