OPEN-SOURCE SCRIPT
JI FVG Short Strategy (ES 5m)
here is the strategy for short only : The market is ES the timeframe is the five minute chart. The entry condition is a bullish fair value gap must be formed and the third candle that complete the fair value gap must be red. Enter short only - no code is required The target is equal to the ATR Rounded down to the nearest .5 EG. ATR of 3.4 will Round down to 3 The stop loss is 1.5 times the target For example, if the target is 2 the stop loss is 3 If the target is 4 the stop loss is 6 If ATR is lower than 2 no trade is allowed to be taken.
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.