PROTECTED SOURCE SCRIPT

Sling Shot System By Lorin

48
This script uses the Sling Shot System to draw a cloud of Fast EMA of 38 and Slow EMA of 62, a cloud where most of the pullbacks go to. Together with the Stochastic RSI it draws long and short signals:

1. Longs:
  • when the RSI is bellow 20.
  • when the candle has touched the cloud on close.
  • when the price is forming a higher low, meaning its higher then the last time these conditions were met.
  • when the price is the uptrend, meaning the cloud is green.

2. Shorts:
  • when the RSI is above 80.
  • when the candle has touched the cloud on close.
  • when the price is forming a lower low, meaning its lower then the last time these conditions were met.
  • when the price is in the downtrend, meaning the cloud is red.

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