Where is the Coiled Spring stop and target?
Quick answerThe target is the script's own star target: 6 ATRs from the snap's close at ★★★★, 9 at ★★★★★. The TradingView script has no stop, so ours sits under the coil, at least 1 ATR away. Neither hit in 30 trading days, it closes then.
The details
- Entry: the snap's close.
- Target: the star target.
- Stop: under the coil (the lowest low of the 15 candles before the snap and the snap candle), at least 1 ATR away.
- Time: out at the close of the 30th trading day.
Set both as orders when you get in. A modest edge: it wins by the size of the springs that run, so take every call, not a few.
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