PROTECTED SOURCE SCRIPT
High Low Strategy with signal line
S501!Create Signal-line from Highest and lowest price of previous bar in defined range .
Buy signal : IF high of current bar is cross over highest High of bar in range you choose
Sell signal : IF low of current bar is cross under lowest low of bar in range you choose
after entry the position, the model will hold the position until there're opposite trend direction signals occurred. Its can easily seen by the barcolor "Buy the first green hold until its red"
backtest date and also Tp, Stoploss can be set (credit : kodify.net)
(beware of bias ...... optimum period for each asset and timeframe is different..... you have to find your own period in put )
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