ianhandley

Binary Options Arrows (example) [TheMightyChicken]

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// Made by TheMightyChicken
// An example of binary options signals with results - colored background of expiry candle. (green = WIN, red = LOSE)
// Arrows set for bearish and bullish harami candlestick patterns. (credits to repo32)
// Expiration set to 1 candle by default.
study(shorttitle="BOA", title="Binary Options Arrows (example) ", overlay=true)
// Inputs
E = input(1, minval=1, title="Expiry")
// Calculations
Bearish_harami = (close > open and open > close and open <= close and open <= close and open - close < close - open and open < open)
Bullish_harami = (open > close and close > open and close <= open and close <= open and close - open < open - close and open > open)
// Setups
CALL = Bullish_harami == 1
PUT = Bearish_harami == 1
ARROW = CALL - PUT
plotarrow(ARROW, colorup=lime, colordown=red, transp=0, minheight=10, maxheight=10)
// Results
WIN = (CALL==1 and close<close) or (PUT==1 and close>close)
LOSE = (CALL==1 and close>=close) or (PUT==1 and close<=close)
bgcolor(WIN==1 ? lime : LOSE==1 ? red : na, transp=70)
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.

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Comments

Hi The mighty chicken,
I am just starting off in trading etc could you help me out? I want to set the expiration on say candle 5 or 10 minute candle are you able to point me in the right direction on how this could be done.

Many thaanks trevor
Reply
mrxoxo Stottl
@Stottl, first, he's not the mighty chicken, its another user on Tradingview. TheMightyChicken himself told over pm that he doesn't use this strategy and wouldn't recommend it to trade anything as it's longterm not profitable...(even with filters) so i don't see why people still keep copying this strategy and reposting it. Just saying. Cheers
Reply
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