Buy positions every 1% price development

Hello all,

I am currently trying to find a solution for the following case:

I want buy positions every time the chart moves 1% up or 1% down (Intraday). And these positions should be closed by taking 1% profit. So TakeProfit at 1% for every entry position. No StopLoss.

Somehow i guess it is not that comlicated to write the script for, but i am still missing lots of basics.

I would appriciate a lot if someone could find a solution or give any tipps for my problem.

Hi there

I would retrieve the close value of the first candle of the day, then test whenever we're 1% above or below that value

The first intraday candle time is different for stocks vs other assets

You'll find more information from the official documentation: https://www.tradingview.com/pine-script-reference/v5/