OPEN-SOURCE SCRIPT
SQVIGU BULLISH--Encyclopedia of Chart Patterns
What Does Part 1 Do?
Part 1 serves as the foundational layer of this trading system. It is designed to be applied directly to your main chart to help you identify the macro trend, dynamic support/resistance, and overall market direction.
How to Use Part 1:
• Trend Identification: When the [feature, e.g., trend ribbon/moving average] turns [Color], it signals a bullish market environment. When it turns [Color], it signals a bearish environment.
• Key Levels: Watch how price reacts at the [feature, e.g., auto-drawn support/resistance zones]. These are high-probability areas for bounces or breakouts.
• Primary Signals: Look for [Specific condition, e.g., green/red arrows] on the chart. These act as your initial alert to start looking for a trade.
The Golden Rule (System Integration)
Part 1 gives you the direction, but you need Part 2 to pull the trigger. Never take a signal from Part 1 without confirming that Part 2 aligns with the same directional bias.
Settings & Alerts
• Fully customizable inputs to adjust the sensitivity for scalping, day trading, or swing trading.
• Built-in alerts for [List alert types, e.g., trend changes or support tests].
Part 1 serves as the foundational layer of this trading system. It is designed to be applied directly to your main chart to help you identify the macro trend, dynamic support/resistance, and overall market direction.
How to Use Part 1:
• Trend Identification: When the [feature, e.g., trend ribbon/moving average] turns [Color], it signals a bullish market environment. When it turns [Color], it signals a bearish environment.
• Key Levels: Watch how price reacts at the [feature, e.g., auto-drawn support/resistance zones]. These are high-probability areas for bounces or breakouts.
• Primary Signals: Look for [Specific condition, e.g., green/red arrows] on the chart. These act as your initial alert to start looking for a trade.
The Golden Rule (System Integration)
Part 1 gives you the direction, but you need Part 2 to pull the trigger. Never take a signal from Part 1 without confirming that Part 2 aligns with the same directional bias.
Settings & Alerts
• Fully customizable inputs to adjust the sensitivity for scalping, day trading, or swing trading.
• Built-in alerts for [List alert types, e.g., trend changes or support tests].
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.