OPEN-SOURCE SCRIPT
tread plus
How It Works:
The script now includes a 15-period SMA line on the chart.
The Mother Candle and Baby Candle logic remains unchanged.
Buy and Sell signals are still generated based on the Mother Candle's high and low levels.
Example Use Case:
You can use the 15-period SMA as an additional filter for your signals. For example:
Only take Buy Signals if the price is above the 15-period SMA.
Only take Sell Signals if the price is below the 15-period SMA.
If you'd like to add such a filter, let me know, and I can update the script further!
The script now includes a 15-period SMA line on the chart.
The Mother Candle and Baby Candle logic remains unchanged.
Buy and Sell signals are still generated based on the Mother Candle's high and low levels.
Example Use Case:
You can use the 15-period SMA as an additional filter for your signals. For example:
Only take Buy Signals if the price is above the 15-period SMA.
Only take Sell Signals if the price is below the 15-period SMA.
If you'd like to add such a filter, let me know, and I can update the script further!
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