OPEN-SOURCE SCRIPT
Wall Street Cheat Sheet - Live and Death Run
Hi,
This script was inspired by Wall Street Cheat Sheet and a video published by "Gold 2020 Forecast" https://www.youtube.com/watch?v=VGhan-jhnpk&t=400s.
I was trying to check if what the video claims as a unique pattern is true.
It looks like - either my script is rubbish (which might be as it's one of my first scripts in this programming environment) or this pattern it's not identified correctly.
In general this script should idnetify the euphoria phase on the market (1 or 2 down candels followed by 6 to 8 up) or the end of the depression (1 or 2 up followed by 6 to 8 down).
In my opinion those conditions do not determine and identify market phases correctly.
This script was inspired by Wall Street Cheat Sheet and a video published by "Gold 2020 Forecast" https://www.youtube.com/watch?v=VGhan-jhnpk&t=400s.
I was trying to check if what the video claims as a unique pattern is true.
It looks like - either my script is rubbish (which might be as it's one of my first scripts in this programming environment) or this pattern it's not identified correctly.
In general this script should idnetify the euphoria phase on the market (1 or 2 down candels followed by 6 to 8 up) or the end of the depression (1 or 2 up followed by 6 to 8 down).
In my opinion those conditions do not determine and identify market phases correctly.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.