This indicator is designed for Bitcoin but will also work with any market by modifying price and gap percentages.
The purpose of this script is for mean reversion scaling into a position startegy. Remember to manage risk and use small position sizes (based on a percentage of your capital) for each level. Start to cut your loss if, price is trading outside your last position.
This is not investment advice and default values do not represent any recommendation for a trade. Modify the settings based on your own entry, take profit, and stop prices.
The purpose of this script is for mean reversion scaling into a position startegy. Remember to manage risk and use small position sizes (based on a percentage of your capital) for each level. Start to cut your loss if, price is trading outside your last position.
This is not investment advice and default values do not represent any recommendation for a trade. Modify the settings based on your own entry, take profit, and stop prices.