OPEN-SOURCE SCRIPT
Nitin Swing Trading
This is a CPR which indicates pivot points based on monthly price action.
The Orange line acts as a resistance area, blue lines act as pivot point/CPR and green one is support.
One can study retrospective chart to analyse how market has respected these Support and Resistance levels.
A guide on how to trade using this indicator?
1. If you see the resistance is broken after multiple attempt - We can Go Long
2.If you see price going down below CPR, We can Go Short
3.If you see price taking support at support level - We can Go Long.
Risk reward should always be 1:1 then gradually increase it to 1:2 & 1:3
It is advised to consult with your financial advisor before taking any trade just based on any indicator. You have to manage risk before entering any trade.
The Orange line acts as a resistance area, blue lines act as pivot point/CPR and green one is support.
One can study retrospective chart to analyse how market has respected these Support and Resistance levels.
A guide on how to trade using this indicator?
1. If you see the resistance is broken after multiple attempt - We can Go Long
2.If you see price going down below CPR, We can Go Short
3.If you see price taking support at support level - We can Go Long.
Risk reward should always be 1:1 then gradually increase it to 1:2 & 1:3
It is advised to consult with your financial advisor before taking any trade just based on any indicator. You have to manage risk before entering any trade.
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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。