OPEN-SOURCE SCRIPT
GOLDEN Trading System by @thejamiul
The Golden Trading System is a powerful trading indicator designed to help traders easily identify market conditions and potential breakout opportunities.
Source of this indicator :
This indicator is built on TradingView original pivot indicator but focuses exclusively on Camarilla pivots, utilising H3-H4 and L3-L4 as breakout zones.
Timeframe Selection:
Before start using it we should choose Pivot Resolution time-frame accordingly.
If you use 5min candle - use D
If you use 15min candle - use W
If you use 1H candle - use M
If you use 1D candle - use 12M
How It Works:
Sideways Market: If the price remains inside the H3-H4 as Green Band and L3-L4 as Red band, the market is considered range-bound.
Trending Market: If the price moves outside Green Band, it indicates a potential up-trend formation. If the price moves outside Red Band, it indicates a potential down-trend formation.
Additional Features:
Displays Daily, Weekly, Monthly, and Yearly Highs and Lows to help traders identify key support and resistance levels also helps spot potential trend reversal points based on historical price action. Suitable for both intraday and swing trading strategies.
This indicator is a trend-following and breakout confirmation tool, making it ideal for traders looking to improve their decision-making with clear, objective levels.
🔹 Note: This script is intended for educational purposes only and should not be considered financial advice. Always conduct your own research before making trading decisions.
Source of this indicator :
This indicator is built on TradingView original pivot indicator but focuses exclusively on Camarilla pivots, utilising H3-H4 and L3-L4 as breakout zones.
Timeframe Selection:
Before start using it we should choose Pivot Resolution time-frame accordingly.
If you use 5min candle - use D
If you use 15min candle - use W
If you use 1H candle - use M
If you use 1D candle - use 12M
How It Works:
Sideways Market: If the price remains inside the H3-H4 as Green Band and L3-L4 as Red band, the market is considered range-bound.
Trending Market: If the price moves outside Green Band, it indicates a potential up-trend formation. If the price moves outside Red Band, it indicates a potential down-trend formation.
Additional Features:
Displays Daily, Weekly, Monthly, and Yearly Highs and Lows to help traders identify key support and resistance levels also helps spot potential trend reversal points based on historical price action. Suitable for both intraday and swing trading strategies.
This indicator is a trend-following and breakout confirmation tool, making it ideal for traders looking to improve their decision-making with clear, objective levels.
🔹 Note: This script is intended for educational purposes only and should not be considered financial advice. Always conduct your own research before making trading decisions.
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。
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。