RobokiteTrading_By [kushal harsola]
This script is for custom candles based on an MA calculation with a default period of 14 as well as an SMA of the close price, defaulted to 1 period to only show the current price. The purpose of the custom candles is to try and reduce noise from candles and help identify trends.
Explained:
- High, Low and Close are all calculated using an MA calculation based on a user input length/period, defaulted at 14.
- Trend line = color black BUY "if candle close above the trend line & SELL "if candle close below the trend line.
- Stop loss = for buying stop loss color = red line
= for selling stop loss color = green line
- master stop loss = for buying SL - High 14
= for selling SL - low 14
NIFTY
DISCLAIMER: For educational and entertainment purposes only.
Explained:
- High, Low and Close are all calculated using an MA calculation based on a user input length/period, defaulted at 14.
- Trend line = color black BUY "if candle close above the trend line & SELL "if candle close below the trend line.
- Stop loss = for buying stop loss color = red line
= for selling stop loss color = green line
- master stop loss = for buying SL - High 14
= for selling SL - low 14
NIFTY
DISCLAIMER: For educational and entertainment purposes only.