Simple signals example for Risk Management Wrapper — Indicator by KryptoNight

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Simple signals example for Risk Management Wrapper

The unique part is that there is a single variable used for both Buy and Sell conditions.
Technically, a variable can have an infinity of values, so why not use that in our favour.

A value of -1 is used for the SELL alert condition, and a value of +1 is used for the BUY alert condition.
The Risk Management Wrapper can read them and act accordingly.

Any simple indicator on TradingView that gives Sell or Buy signals in a single variable should work.
More complex indicators that give multiple kinds of signals may not work due to TradingView limitations.

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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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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