The #1 one trading script has been improved to fix the issue with the trailing stops and positions not being closed out in volatile markets. This script can be used on any time frame and any trading vehicle.
I show examples on Stocks, and Bitcoin. I also show using the script on the 300 Tick chart and the 1000 volume chart.
The SuperSignal Script is a
powerful trading tool designed to enhance trading precision by identifying high-probability setups through the use of multiple stochastic timing bands and price divergence.
Here’s a detailed look at its features and methodology:
Key Features Timing Methodology: Utilizes multiple stochastic timing bands to signal potential trade
opportunities.
Divergence Recognition: Combines stochastic price divergence for pinpointing ideal entry points aligned with market momentum.
User-Defined Parameters: Traders can customize various settings to fit their trading style and market conditions.
Stop Loss Options: Signal-Based Stop: Automatically placed just below the divergence
low.
Tick-Based Hard Stop: A fixed stop loss defined by a set number of ticks below the entry price.
Safety Net Feature: Protects trades by closing positions on the first rotation of the 9-3 Stochastic in downtrending markets. (Tradingview version only for now)
Recommended Time frames Optimal Usage: Works great on 1, 3 minute and 5-minute charts, but can be adapted to various timeframes
for different trading styles.
