This script is based on the concept of Robert Miner Book "High Probabilities Strategies" This script shows at the same time two timeframes and the overlapping area. The green and red area shows the higher time frame period just as Robert Miner did this in his videos. Because Robert Miner just says: 8.. 13.. 21.. i used this also as type for the setup.
This is not a complete trading strategy, but if fibonacci retracement/extensions in price and time and elliot waves position and DT Dual-Lookback comed together there is a perhaps a signal.
Please read his book and look at his website and his DT reports to learn more about his strategy.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Bir grafikte kullanmak için favorilere ekleyebilirsiniz.
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