OPEN-SOURCE SCRIPT
Cipher DCA Strategy
Updated
70% + Accurate trading strategy, tailored for swing trading and Dollar-Cost Averaging (DCA) approach to build positions during bearish or oversold market conditions.
Here's how it works:
Market Entry: The script identifies optimal entry points by pinpointing when stocks are in an oversold state, making it an ideal time to buy. This is crucial for accumulating assets at lower prices, setting the stage for significant gains as the market rebounds.
Position Accumulation: By utilizing DCA, the strategy allows you to buy into the market in increments, reducing the impact of volatility and helping to mitigate risk during market downturns.
Swing Trading: Once the market begins to show signs of recovery, the strategy shifts to swing trading mode. It captures the upward momentum by holding positions through the market's upswing, aiming to sell near the peak of the bull market.
Market Exit: The indicator not only helps in buying low but also in selling high, guiding you to exit positions near what could be the top of the market cycle.
Here's how it works:
Market Entry: The script identifies optimal entry points by pinpointing when stocks are in an oversold state, making it an ideal time to buy. This is crucial for accumulating assets at lower prices, setting the stage for significant gains as the market rebounds.
Position Accumulation: By utilizing DCA, the strategy allows you to buy into the market in increments, reducing the impact of volatility and helping to mitigate risk during market downturns.
Swing Trading: Once the market begins to show signs of recovery, the strategy shifts to swing trading mode. It captures the upward momentum by holding positions through the market's upswing, aiming to sell near the peak of the bull market.
Market Exit: The indicator not only helps in buying low but also in selling high, guiding you to exit positions near what could be the top of the market cycle.
Release Notes
70% + Accurate trading strategy, tailored for swing trading and Dollar-Cost Averaging (DCA) approach to build positions during bearish or oversold market conditions.Here's how it works:
Market Entry: The script identifies optimal entry points by pinpointing when stocks are in an oversold state, making it an ideal time to buy. This is crucial for accumulating assets at lower prices, setting the stage for significant gains as the market rebounds.
Position Accumulation: By utilizing DCA, the strategy allows you to buy into the market in increments, reducing the impact of volatility and helping to mitigate risk during market downturns.
Swing Trading: Once the market begins to show signs of recovery, the strategy shifts to swing trading mode. It captures the upward momentum by holding positions through the market's upswing, aiming to sell near the peak of the bull market.
Open-source script
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 publication is governed by House rules. You can favorite it to use it on a chart.
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Disclaimer
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