OPEN-SOURCE SCRIPT
Bollinger Band + RSI + ADX + MACD + Heikinashi
This script takes into picture Bollinger Bands, RSI with a comparator value, ADX with a comparator value, and MACD with Heikinashi Direction
THIS IS A LONG-ONLY STRATEGY. SHORT TRADES ARE NOT INCLUDED
Strategy:
The Strategy takes a trade only after ALL the following conditions are met.
Stop Loss: Max of (Low of the candle - 0.22% and Close of the candle - 0.32%) - FYI, because its max, it's lower of the 2 and your risk is lesser
Target: Max of (Bollinger Band Upper band and 0.75% of the value of underlying) - FYI, it takes the maximum available
THIS IS A LONG-ONLY STRATEGY. SHORT TRADES ARE NOT INCLUDED
Strategy:
The Strategy takes a trade only after ALL the following conditions are met.
- Candle low is lower than the Bollinger Lower band
- RSI is higher than the comparator value
- ADX is higher than the comparator value
- MACD value is higher than the Signal value
Stop Loss: Max of (Low of the candle - 0.22% and Close of the candle - 0.32%) - FYI, because its max, it's lower of the 2 and your risk is lesser
Target: Max of (Bollinger Band Upper band and 0.75% of the value of underlying) - FYI, it takes the maximum available
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