PROTECTED SOURCE SCRIPT
November One Stop
November One Stop
This script is designed to confirm entry confidence in trend trading using Heiken Ashi candles, with an optional enhancement through a multi-strength RSI indicator.
Confidence Levels:
Level 3 (Strong Confidence):
Entry is confirmed when three consecutive Heiken Ashi candles of the same color appear (green for long positions, red for short positions).
Additional confirmation is provided when the arrow indicator, the moving average line, and the closing candle are all aligned in color, indicating a strong trend with minimal likelihood of immediate reversal.
Level 4 (Maximum Confidence):
Incorporating a multi-strength RSI as an additional filter provides a fourth level of confirmation. While this may result in missing some initial gains, it significantly reduces risk by ensuring all indicators are in agreement. This script does not yet incorporate the RSI.
Entry Criteria:
Wait for three consecutive Heiken Ashi candles of the same color.
Confirm that the arrow indicator, moving average line, and the closing candle are all aligned in color.
For maximum confidence, ensure the multi-strength RSI also confirms the trend direction.
Risk Consideration:
Entering before all indicators are aligned increases risk due to potential reversals. Alignment of all indicators provides higher probability of trend continuation for the selected timeframe.
Recommendation:
Before implementation, review historical performance of this strategy to gain a comprehensive understanding of its effectiveness.
Roadmap for improvements:
Include RSI
Improve Alarm trigger options
This script is designed to confirm entry confidence in trend trading using Heiken Ashi candles, with an optional enhancement through a multi-strength RSI indicator.
Confidence Levels:
Level 3 (Strong Confidence):
Entry is confirmed when three consecutive Heiken Ashi candles of the same color appear (green for long positions, red for short positions).
Additional confirmation is provided when the arrow indicator, the moving average line, and the closing candle are all aligned in color, indicating a strong trend with minimal likelihood of immediate reversal.
Level 4 (Maximum Confidence):
Incorporating a multi-strength RSI as an additional filter provides a fourth level of confirmation. While this may result in missing some initial gains, it significantly reduces risk by ensuring all indicators are in agreement. This script does not yet incorporate the RSI.
Entry Criteria:
Wait for three consecutive Heiken Ashi candles of the same color.
Confirm that the arrow indicator, moving average line, and the closing candle are all aligned in color.
For maximum confidence, ensure the multi-strength RSI also confirms the trend direction.
Risk Consideration:
Entering before all indicators are aligned increases risk due to potential reversals. Alignment of all indicators provides higher probability of trend continuation for the selected timeframe.
Recommendation:
Before implementation, review historical performance of this strategy to gain a comprehensive understanding of its effectiveness.
Roadmap for improvements:
Include RSI
Improve Alarm trigger options
受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用它，没有任何限制 — 在此处了解更多信息。
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。
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。