study(title=“Weekend”, shorttitle=“Weekend”, overlay=true)
C_High = high[1]
C_Low = low[1]
plot(isintraday ? C_High : na, title=“Candle High”,style=cross, color=white,linewidth=1)
plot(isintraday ? C_Low : na, title=“Candle Low”,style=cross, color=white,linewidth=1)
So this is the first trade triggered using this script. It is very simple method. If a stock is going up or down more than 6% and not breaking the PCL or PCH for atleast 4-5 candles in 10m timeframe then we look to do opposite trade of it with a tight stop loss when PCL or PCH is getting broken
So after one or two candle is formed, Put TSL to cost and leave the trade without managing further.
Made a nice video later.
