Follow the Money v1.10
Not a tech savvy investor or savvy investor at all but trying to establish an approach that follows institutional money as closely as possible. The script was created with the help of AI as my code and script writing skills are minimal.
In short, make the 150 and 200 DMA logic the baseline from where all else derives. Combine it with trading volume parameters and an entry (buy), add, add some more, sell part and full exit.
Various smaller settings allow me to further tweak the score. This I then try to mirror against industries I feel are presenting an opportunity within which I then try to research the stocks that I feel are most suitable to run this script on.
Creative comments and constructive critique always welcome...
In short, make the 150 and 200 DMA logic the baseline from where all else derives. Combine it with trading volume parameters and an entry (buy), add, add some more, sell part and full exit.
Various smaller settings allow me to further tweak the score. This I then try to mirror against industries I feel are presenting an opportunity within which I then try to research the stocks that I feel are most suitable to run this script on.
Creative comments and constructive critique always welcome...
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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.
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.