The sell signal is triggered when the price falls below the lower bounds of both channels, indicating strong bearish pressure. Specifically:
Channel 1 and Channel 2: These are based on a Simple Moving Average (SMA) with a range adjusted by a multiplier. These channels represent dynamic support zones.
Breaking the lower bound: When the price breaks below the lower bound of both channels, it means the price has fallen below the support levels defined by these moving averages. This suggests that the bullish trend has lost strength and a bearish continuation is likely.
Confirmation: To avoid false signals, the condition requires the price to stay below these bounds for two consecutive candles, reinforcing the likelihood of a sustained bearish trend.
Channel 1 and Channel 2: These are based on a Simple Moving Average (SMA) with a range adjusted by a multiplier. These channels represent dynamic support zones.
Breaking the lower bound: When the price breaks below the lower bound of both channels, it means the price has fallen below the support levels defined by these moving averages. This suggests that the bullish trend has lost strength and a bearish continuation is likely.
Confirmation: To avoid false signals, the condition requires the price to stay below these bounds for two consecutive candles, reinforcing the likelihood of a sustained bearish trend.
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"Access our premium algorithms 🍻! Invite us for a beer at buymeacoffee.com/pinescriptlabs, then add your TradingView username in the 'Say something nice' section and send us a private message."
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.