Its components are
Rules for entry:
For short : we have an uptrend on PSAR , histogram is positive (divergence ) and close of a candle is below 200
For long : we dont have an uptrend on PSAR, histogram is negative(divergence ) and close of a candle is above 200
Rules for exit:
We exit when we either find a reverse condition than the entry one, or based on stop loss/take profit that are calculated on % movements of the price.
If you have any questions, let me know !
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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.