OPEN-SOURCE SCRIPT
Box Trading (Malaysia Stock Market)
1. This indicator is based on the Box Trading technique for Malaysia Stocks Market.
2. The idea of Box Trading is to use high / low of the last Marubozu Candle as a Resistance / Support for the next following candles.
3. If price of next following candle breaks Resistance of high in the last Marubozu Candle, then enter the trade.
4. If price of next following candle breaks Support of low in the last Marubozu Candle, then exit the trade.
5. Hence, this indicator will indicate:
- Last Marubozu Candle in a green bar (preset at 6 bids/pips for Malaysia Stocks Market)
- Resistance Line on the top of the high last Marubozu Candle
- Support Line at the bottom of the low last Marubozu Candle
- T calculation starting from T0 until T+3 (to indicate days before short selling occur at T+4 of Malaysia Stocks Market)
- Blue up triangle to indicate price breakout the Resistance Line
- Red down triangle to indicate price breakout the Support Line
6. However, this indicator is only designed for Malaysian Stocks Market as the script is based on the bids/pips calculation of the Malaysian Stocks Market. Nevertheless, I let the script open for everyone to modify it based on your own preference markets/instruments.
7. Hope you guys enjoy it. Thanks.
2. The idea of Box Trading is to use high / low of the last Marubozu Candle as a Resistance / Support for the next following candles.
3. If price of next following candle breaks Resistance of high in the last Marubozu Candle, then enter the trade.
4. If price of next following candle breaks Support of low in the last Marubozu Candle, then exit the trade.
5. Hence, this indicator will indicate:
- Last Marubozu Candle in a green bar (preset at 6 bids/pips for Malaysia Stocks Market)
- Resistance Line on the top of the high last Marubozu Candle
- Support Line at the bottom of the low last Marubozu Candle
- T calculation starting from T0 until T+3 (to indicate days before short selling occur at T+4 of Malaysia Stocks Market)
- Blue up triangle to indicate price breakout the Resistance Line
- Red down triangle to indicate price breakout the Support Line
6. However, this indicator is only designed for Malaysian Stocks Market as the script is based on the bids/pips calculation of the Malaysian Stocks Market. Nevertheless, I let the script open for everyone to modify it based on your own preference markets/instruments.
7. Hope you guys enjoy it. Thanks.
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
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这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。