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[Kpt-Ahab] Poor Mans Orderflow SimulatorScript Description – Poor Mans Orderflow Simulator Purpose of the Script This script simulates a simplified order flow approach ("Poor Man's Orderflow") without access to actual Bid/Ask data. The goal is to detect, quantify, and visualize patterns such as absorption, impulsive moves, and structured re-entry behaviors. Calculation Logic Absorption Candles A candle is classified as "absorption" if: The ratio of body size to full candle range is below a defined threshold, Volume is significantly higher than the average of the last N periods, The candle direction is negative (for long absorption) or positive (for short absorption). These conditions define a candle with high activity but minimal price movement in the respective direction. Impulse Candles A candle is classified as "impulse" if: The body-to-range ratio is high (indicating a strong directional move), Volume exceeds the average significantly, The price closes in the direction of the candle body (bullish or bearish). Additionally, the average range of previous candles serves as a minimum benchmark for the impulse. Cluster Detection A cluster is detected when: A minimum number of absorption candles is counted within a defined lookback period, Either the long or short version of the absorption logic is used, The result is a binary condition: cluster active or inactive. Entry Signals (Re-entry) An entry signal is generated when: One or more absorption candles occurred in the last two bars, A pullback against the direction of absorption occurs, The current candle shows a directional move confirmed by a close in the expected direction. These re-entry signals are evaluated separately for long and short scenarios. Cluster-Confirmed Signals A separate signal is generated when a valid re-entry setup occurs while a cluster is active. This represents a combined logic condition. Alert Logic The script provides a multi-layer alert framework: Signal selection (Alertmode): The user defines which signal type should trigger an alert (e.g. re-entry only, cluster only, combination, or impulse). Optional filter (Filtermode): A secondary filter limits alerts to cases where an additional condition (e.g. absorption cluster) is active. Signal output: As a simple binary value (+1 / –1) for classic alerts, Or via an encoded Multibit signal, compatible with other modules in the djmad ecosystem. These alerts are intended for integration with external systems or for use within platform-native visual or automation features.
Pine Script® göstergesi
Kpt-Ahab tarafından
Sessions [Plug&Play]This indicator automatically highlights the three major FX trading sessions—Asia, London, and New York—on your chart and, at the close of each session, draws right-extended horizontal rays at that session’s high and low. It’s designed to help you visually identify when price is trading within each session’s range and to quickly see where the highest and lowest prices occurred before the next major session begins. Key Features: Session Boxes Draws a semi-transparent box around each session’s timeframe (Asia, London, New York) based on your local UTC offset. Each box dynamically expands in real time: as new candles form during the session, the box’s top and bottom edges update to match the highest high and lowest low seen so far in that session. When the session ends, the box remains on your chart, anchored to the exact candles that formed its boundaries. High/Low Rays As soon as a session closes (e.g., London session ends at 17:00 UTC+0 by default), two horizontal rays are drawn at that session’s final high and low. These rays are “pinned” to the exact candles where the high/low occurred, so they stay in place when you scroll or zoom. Each ray extends indefinitely to the right, providing a clear reference of the key supply/demand levels created during that session. Session Labels Optionally places a small “London,” “New York,” or “Asia” label at the top edge of each completed session’s box. Labels are horizontally centered within the session’s box and use a contrasting, easy-to-read font color. Customizable Appearance Show/Hide Each Session: Toggle display of London, New York, and Asia sessions separately. Time Ranges: By default, London is 08:00–17:00 (UTC), New York is 13:00–22:00 (UTC), and Asia is 00:00–07:00 (UTC). You can override each session’s start/end times using the “Time Range” picker. Color & Opacity: Assign custom colors to each session. Choose a global “Dark,” “Medium,” or “Light” opacity preset to adjust box fill transparency and border shading. Show/Hide Labels & Outlines: Turn the text labels and the box borders on or off independently. UTC Offset Support If your local broker feed or price data is not in UTC, simply adjust the “UTC Offset (+/–)” input. The indicator will recalculate session start/end times relative to your chosen offset. How to Use: Add the Indicator: Open TradingView’s Pine Editor, paste in this script, and click “Add to Chart.” By default, you’ll see three translucent boxes appear once each session begins (Asia, London, New York). Watch in Real Time: As soon as a session starts, its box will appear anchored to the first candle. The top and bottom of the box expand if new extremes occur. When the session closes, the final box remains visible and two horizontal rays mark that session’s high and low. Analyze Key Levels: Use the high- and low-level rays to gauge session liquidity zones—areas where stop orders, breakouts, or reversals often occur. For example, if London’s high is significantly above current price, it may act as resistance in the New York session. Customize to Your Needs: Toggle specific sessions on/off (e.g., if you only care about London and New York). Change each session’s color to match your chart theme. Adjust the “UTC Offset” so sessions align with your local time. Disable labels or box borders if you prefer a cleaner look. Inputs Overview: Show London/New York/Asia Session (bool): Show or hide each session’s box and its high/low rays. Time Range (session): Defines the start/end of each session in “HHMM–HHMM” (24h) format. Colour (color): Custom color for each session’s box fill, border, and high/low rays. Show Session Labels (bool): Toggle the “London,” “New York,” “Asia” text that appears at the top of each completed box. Show Range Outline (bool): Toggle the box border (if off, only a translucent fill is drawn). Opacity Preset (Dark/Medium/Light): Controls transparency of box fill and border. UTC Offset (+/–) (int): Adjusts session times for different time zones (e.g., +1 for UTC+1). Why It’s Useful: Quickly Identify Session Activity: Visually distinguish when each major trading session is active, then compare price action across sessions. Pinpoint High/Low Liquidity Levels: Drawn rays highlight where the market hit its extremes—critical zones for stop orders or breakout entries. Multi-Timeframe Context: By seeing historical session boxes and rays, you can locate recurring supply/demand areas, overlap zones, or session re-tests. Fully Automated Workflow: Once added to your chart, the script does all the work of tracking session boundaries and drawing high/low lines—no manual box or line drawing necessary. Example Use Cases: London Breakout Traders: See where London’s high/low formed, then wait for price to revisit those levels during the New York session. Range Breakout Strategies: If price consolidates inside the London box, use the boxed extremes as immediate targets for breakout entries. Intraday Liquidity Swings: During quieter hours, watch Asia’s high/low to identify potential support/resistance before London’s opening. Overlap Zones: Compare London’s range with Asia’s range to find areas of confluence—high-probability reversal or continuation zones.
Pine Script® göstergesi
TBWS_Algo tarafından
Buying/Selling ProxyTiltFolio Buying/Selling Proxy This simple but effective indicator visualizes short-term buying or selling pressure using log returns over a rolling window. How It Works: Calculates the average of logarithmic returns over the past N bars (default: 20). Positive values suggest sustained buying pressure; negative values indicate selling pressure. Plotted as a color-coded histogram: ✅ Green = net buying ❌ Red = net selling Why Use It: This proxy helps traders gauge directional bias and momentum beneath the surface of price action — especially useful for confirming breakout strength, timing entries, or filtering signals. - Inspired by academic return normalization, but optimized for practical use. - Use alongside TiltFolio's Breakout Trend indicator for added context.
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TiltFolio tarafından
Breakout TrendTiltFolio Breakout Trend Indicator The Breakout Trend Indicator by TiltFolio helps traders identify powerful price movements by combining Donchian Channel breakouts with short- and long-term trend filters. Key Features: Donchian Channel Breakouts: Highlights bullish and bearish momentum as price breaks above recent highs or below recent lows. Trend Context: Includes customizable short- and long-term moving averages (SMA or EMA) to help filter trades in the direction of the broader trend. Breakout Memory: Remembers breakout states to avoid noise and maintain trend consistency. Bar Counter Display: Shows how many bars have passed since the most recent breakout, helping users assess trend strength and maturity. ATR Display: Built-in ATR (Average True Range) value offers a quick gauge of market volatility. Clean Visuals: Color-coded candles and optional channel lines keep the chart intuitive and uncluttered. This indicator is ideal for trend-following traders looking to stay on the right side of momentum while avoiding common whipsaws. Works best on higher timeframes (e.g. 4H, Daily, Weekly). Free and open — feel free to customize for your strategy. Follow TiltFolio for model portfolios and signals built on systematic methods.
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TiltFolio tarafından
Candle Setup 🧠 This indicator is based on a strategy concept by Arshia from the LEEMEENAL group. The SMA Shadow Strategy is a visual candlestick-based setup designed to identify potential reversal points by analyzing the relationship between the candle's shadows (wicks) and a Simple Moving Average (SMA). 📊 How It Works This strategy focuses on candles with significant upper or lower shadows relative to their body size, suggesting potential rejection zones. The conditions are split between red (bearish) and green (bullish) candles: 🔴 Red Candle Setup: The SMA line is inside or slightly above the upper shadow. The upper shadow is significantly larger than the body (customizable ratio). The lower shadow is smaller than the body. These conditions hint at strong rejection from above, often signaling a potential short opportunity or resistance confirmation. 🟢 Green Candle Setup: The SMA line is inside or slightly below the lower shadow. The lower shadow is significantly larger than the body (customizable ratio). The upper shadow is smaller than the body. This setup suggests a price rejection from below, indicating a potential long opportunity or support confirmation. ⚙️ Customizable Conditions Users can enable or disable each of the setup rules independently for both red and green candles: Enable SMA shadow alignment. Adjust the shadow-to-body ratio separately for red and green candles. Toggle shadow logic (e.g., lower/upper shadows relative to body). 🛎 Alerts Alerts are included for both red and green signal conditions, making it easier to integrate into automated workflows or notification systems. If you found this indicator helpful, feel free to share or give credit to Arshia - LEEMEENAL Group. 🙏
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YasinAbbasiiii tarafından
Deviation from EMA & VWAPThis indicator displays the real-time percentage deviation of price from both the EMA and VWAP. 🔹 EMA Deviation is shown as a smooth blue line 🟧 VWAP Deviation is shown as an orange histogram 📉 Use it to spot overbought/oversold conditions or sharp impulse moves 🔔 Built-in alerts for extreme deviations 🎯 Fully customizable: EMA length, deviation thresholds, VWAP toggle, and more Ideal for identifying counter-trend setups and price extremes across all timeframes.
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alex.kurshalow tarafından
PLR-Z For Loop🧠 Overview PLR-Z For Loop is a trend-following indicator built on the Power Law Residual Z-score model of Bitcoin price behavior. By measuring how far price deviates from a long-term power law regression and applying a custom scoring loop, this tool identifies consistent directional pressure in market structure. Designed for BTC, this indicator helps traders align with macro trends. 🧩 Key Features Power Law Residual Model: Tracks deviations of BTC price from its long-term logarithmic growth curve. Z-Score Normalization: Applies long-horizon statistical normalization (400/1460 bars) to smooth residual deviations into a usable trend signal. Loop-Based Trend Filter: Iteratively scores how often the current Z-score exceeds prior values, emphasizing trend persistence over volatility. Optional Smoothing: Toggleable exponential smoothing helps filter noise in choppier market conditions. Directional Regime Coloring: Aqua (bullish) and Red (bearish) visuals reinforce trend alignment across plots and candles. 🔍 How It Works Power Law Curve: Price is compared against a logarithmic regression model fitted to historical BTC price evolution (starting July 2010), defining structural support, resistance, and centerline levels. Residual Z-Score: The residual is calculated as the log-difference between price and the power law center. This residual is then normalized using a rolling mean (400 days) and standard deviation (1460 days) to create a long-term Z-score. Loop Scoring Logic: A loop compares the current Z-score to a configurable number of past bars. Each higher comparison adds +1, and each lower one subtracts -1. The result is a trend persistence score (z_loop) that grows with consistent directional momentum. Smoothing Option: A user-defined EMA smooths the score, if enabled, to reduce short-term signal noise. Signal Logic: Long signal when trend score exceeds long_threshold. Short signal when score drops below short_threshold. Directional State (CD): Internally manages the current market regime (1 = long, -1 = short), controlling all visual output. 🔁 Use Cases & Applications Macro Trend Alignment: Ideal for traders and analysts tracking Bitcoin’s structural momentum over long timeframes. Trend Persistence Filter: Helps confirm whether the current move is part of a sustained trend or short-lived volatility. Best Suited for BTC: Built specifically on the BNC BLX price history and Bitcoin’s power law behavior. Not designed for use with other assets. ✅ Conclusion PLR-Z For Loop reframes Bitcoin’s long-term power law model into a trend-following tool by scoring the persistence of deviations above or below fair value. It shifts the focus from valuation-based mean reversion to directional momentum, making it a valuable signal for traders seeking high-conviction participation in BTC’s broader market cycles. ⚠️ Disclaimer The content provided by this indicator is for educational and informational purposes only. Nothing herein constitutes financial or investment advice. Trading and investing involve risk, including the potential loss of capital. Always backtest and apply risk management suited to your strategy.
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CipherDecoded tarafından
Volatility Break + Trend Bias Scalper [Enhanced Visuals]Volatility Break + Trend Bias Scalper \ Overview This strategy is designed to help traders catch high-probability breakout moves by combining real-time volatility surges with higher timeframe trend confirmation. It is particularly useful in markets like AAPL, BTC, NASDAQ, and Forex pairs where volatility and momentum often occur in bursts. 📈 Strategy Logic 🎯 1. Volatility Spike Detection The core entry trigger is based on identifying sudden ATR-based volatility bursts: * ATR(7) is compared to its EMA(14) smoothing. * A volatility spike is confirmed when ATR exceeds `1.5x` the smoothed ATR. This helps avoid entering during sideways price action and focuses only on explosive breakouts. 🧭 2. Higher Timeframe Trend Filter To improve signal quality, the strategy checks the EMA(200) slope from a higher timeframe (e.g., 15min while trading on 3/5/45min charts): * Bullish trend: EMA rising * Bearish trend: EMA falling This ensures we only trade in the direction of larger momentum. 🧠 3. Structure Break Entry A simple but effective price action confirmation: * Long: Close > highest close of the last 2 candles * Short: Close < lowest close of the last 2 candles This avoids "fake" moves and choppy zones. 🎛️ 4. Risk/Reward and Exit Logic * Take Profit (TP) = 1.5× ATR (configurable) * Stop Loss (SL) = 1.0× ATR (configurable) * You can adjust this for more aggressive or conservative setups. ✅ All exits are calculated dynamically using the current ATR at trade entry. 🖥️ Visual Enhancements This version includes: ✅ Signal markers (🔴 for Short, 🟢 for Long) ✅ Trend-colored background zones ✅ TP/SL lines drawn on chart ✅ Toggle options to enable/disable labels and TP/SL lines These visuals help traders quickly validate signals, backtest more effectively, and share setups with clarity. 🧪 Backtest Settings * Position Size: 1% of equity * Commission: 0 * Slippage: Assumed minimal * Recommended Markets: AAPL (45m), BTCUSD (5m–15m), NAS100 (15m), EUR/USD (5m) > You can tune the strategy further using `PineScriptsAI`. ⚠️ Disclaimer This strategy is for **educational purposes only**. It does **not constitute financial advice** or guarantees of profitability. Backtest results may vary across assets, timeframes, and market conditions. Always validate with forward testing and sound risk management. 🔗 Built With Help From PineScriptsAI Want to build your own version or add: * Time filters (e.g., NY or London session)? * Multi-take-profits or trailing stop? * Auto alert bots to Telegram/Discord?
Pine Script® stratejisi
AIScripts tarafından
CHN BUY SELL with EMA 200Overview This indicator combines RSI 7 momentum signals with EMA 200 trend filtering to generate high-probability BUY and SELL entry points. It uses colored candles to highlight key market conditions and displays clear trading signals with built-in cooldown periods to prevent signal spam. Key Features Colored Candles: Visual momentum indicators based on RSI 7 levels Trend Filtering: EMA 200 confirms overall market direction Signal Cooldown: Prevents over-trading with adjustable waiting periods Clean Interface: Simple BUY/SELL labels without clutter How It Works Candle Coloring System Yellow Candles: Appear when RSI 7 ≥ 70 (overbought momentum) Purple Candles: Appear when RSI 7 ≤ 30 (oversold momentum) Normal Candles: All other market conditions Trading Signals BUY Signal: Triggered when closing price > EMA 200 AND yellow candle appears SELL Signal: Triggered when closing price < EMA 200 AND purple candle appears Signal Cooldown After a BUY or SELL signal appears, the same signal type is suppressed for a specified number of candles (default: 5) to prevent excessive signals in ranging markets. Settings RSI 7 Length: Period for RSI calculation (default: 7) RSI 7 Overbought: Threshold for yellow candles (default: 70) RSI 7 Oversold: Threshold for purple candles (default: 30) EMA Length: Period for trend filter (default: 200) Signal Cooldown: Candles to wait between same signal type (default: 5) How to Use Apply the indicator to your chart Look for yellow or purple colored candles For LONG entries: Wait for yellow candle above EMA 200, then enter BUY when signal appears For SHORT entries: Wait for purple candle below EMA 200, then enter SELL when signal appears Use appropriate risk management and position sizing Best Practices Works best on timeframes M15 and higher Suitable for Forex, Gold, Crypto, and Stock markets Consider market volatility when setting stop-loss and take-profit levels Use in conjunction with proper risk management strategies Technical Details Overlay: True (plots directly on price chart) Calculation: Based on RSI momentum and EMA trend analysis Signal Logic: Combines momentum exhaustion with trend direction Visual Feedback: Colored candles provide immediate market condition awareness
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CHNTeam tarafından
Regression Channel (Interactive)Weighted Interactive Regression Channel (WIRC) Overview The Weighted Interactive Regression Channel improves on traditional regression channels by emphasizing key price points through intelligent weighting. Instead of treating all candles equally, WIRC adapts to market dynamics for better trend detection and channel accuracy. Key Differences from Standard Channels Weighted vs. Equal: Prioritizes significant events over uniform weighting Dynamic vs. Static: Adapts in real time to market changes Accurate vs. Basic: Reduces noise, enhances signal clarity Customizable vs. Fixed: Full control over weights and visuals Weighting Methods Direction Change – Highlights reversal points via local peaks/troughs Volume-Based – Emphasizes high-volume candles, ideal for breakouts Price Range – Weights wide-range candles to capture volatility Time Decay – Prioritizes recent data for current market relevance Interactive Features Data Range: Set channel start/end over 1–500 bars Visuals: Line styles, color coding, fill options, reference lines Stats: Slope, R², standard deviation, point count, weight method Technical Implementation Weighted Regression Formula: Uses weights for slope, intercept, and deviation Channel Lines: Center = weighted regression; bounds = ± deviation × multiplier Usage Scenarios Trend Analysis: Use Direction Change + longer range Breakouts: Use Volume weighting + fill + boundary watching Volatility: Apply Price Range weighting + monitor standard deviation Current Market: Use Time Decay + shorter ranges + stat display Parameter Tips Channel Width: Narrow (1.0–1.5): Responsive Standard (1.5–2.0): Balanced Wide (2.0–3.0+): Conservative Weighting Intensity: Conservative (1.5–2.0) Moderate (2.0–3.0) Aggressive (3.0+) Advanced Use Multi-Timeframe: Use different weightings per timeframe Market Structure: Detect swings, institutional zones Risk Management: Dynamic S/R levels, volatility-driven sizing Best Practices Start with Direction Change Test different ranges Monitor stats Combine with other indicators Adjust to market context Recalibrate regularly Conclusion WIRC delivers a smarter, more adaptive view of price action than standard regression tools. With real-time customization and multiple weighting options, it’s ideal for traders seeking precision across strategies—trend tracking, breakout confirmation, or volatility insight.
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ikendler tarafından
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Congestion Indicator - Oscillator by saurabh maggoCore Functionality Market State Detection: Congestion: Identifies periods of low volatility (price consolidation) where the price range is tight relative to the Average True Range (ATR). Visualized with a blue background in the oscillator panel. Breakout Up: Detects upward breakouts from congestion zones, requiring conditions like price movement above the congestion high, volume spikes, and volatility increases. Visualized with a green background. Breakdown (Breakout Down): Detects downward breakouts from congestion zones, with similar conditions as Breakout Up but for downward movement. Visualized with a red background. Post-Congestion: Identifies the period after a congestion zone ends but before a breakout occurs (if extend_until_breakout is disabled). Visualized with a yellow background. Pullback: Detects pullbacks after breakouts or breakdowns, useful for identifying potential entry points (if use_pullback_entry is enabled). Visualized with a purple background. Visualization: Oscillator Panel: Displays the market state in a separate panel below the chart. Background Color: The panel’s background color changes to reflect the current state (e.g., blue for Congestion, green for Breakout Up). Histogram Plot: Optionally plots the state value as a histogram (e.g., 1 for Congestion, 2 for Breakout Up), toggleable via TradingView’s "Style" tab ("Market State"). The histogram provides a numerical representation of the state: Congestion: 1.0 Breakout Up: 2.0 Breakdown: -2.0 Post-Congestion: 0.5 Pullback: 1.5 None: 0.0 Alerts: Generates alerts for state changes (Congestion, Breakout Up, Breakdown). Supports enhanced alerts (if use_enhanced_alerts is enabled), including additional context like breakout level, volatility state, and trend direction. Includes an alert cooldown period (if use_alert_cooldown is enabled) to prevent excessive alerts. Key Features and Filters Customizable Parameters: Lookback Period: Adjusts the number of bars used to calculate the price range for congestion detection. Range Threshold: Sets the maximum price range (as a percentage of ATR) for a congestion zone. Dynamic Threshold: Optionally uses a percentile-based dynamic threshold for more adaptive congestion detection. Minimum Congestion Bars: Requires a minimum number of bars for a congestion zone to be confirmed. Volume Filter: Optionally requires low volume during congestion zones. Volume Breakout Filter: Requires a volume spike for breakouts/breakdowns. Volatility Breakout Filter: Requires an ATR spike for breakouts/breakdowns. Minimum Price Movement: Optionally requires a minimum price movement for breakouts/breakdowns. RSI Filter: Optionally requires RSI to be in a neutral range during congestion. Max Price Range Filter: Limits the absolute price range for congestion zones. Trend Filter: Optionally filters breakouts/breakdowns based on a higher timeframe trend (using a moving average). Momentum Filter: Optionally requires MACD momentum confirmation for breakouts/breakdowns. Pullback Detection: Optionally detects pullbacks after breakouts/breakdowns for entry opportunities. Timeframe Adjustment: Adjusts parameters based on the chart’s timeframe. Auto-Settings: Automatically adjusts parameters based on market volatility. Show Current Day Only: Optionally limits the indicator’s display to the current trading day (NSE session). Presets: Offers predefined configurations (Default, Aggressive, Conservative) for quick setup. Session Support: Operates within the NSE session (9:15 AM–3:30 PM IST) by default, ensuring relevance for Indian markets. Visual Output The oscillator panel uses color-coded backgrounds to indicate the market state: Blue: Congestion Green: Breakout Up Red: Breakdown Yellow: Post-Congestion Purple: Pullback Transparent (None): No state detected The histogram plot (optional) provides a numerical representation of the state, which can be toggled on/off in TradingView’s settings. Alerts Alerts are triggered for significant state changes (Congestion, Breakout Up, Breakdown). Enhanced alerts include additional details like price levels, volatility, and trend direction, making them more informative for traders. Step 2: Craft the Description for Publishing Based on the analysis, here’s a concise, user-friendly description you can use when publishing the indicator on TradingView: Congestion Indicator - Oscillator by Saurabh Maggo This indicator identifies market congestion zones, breakouts, breakdowns, post-congestion periods, and pullbacks in a separate oscillator panel below your chart. Designed for traders, it helps you spot key market states and potential trading opportunities with clear visual cues and customizable alerts. Key Features: Market States: Detects Congestion (Blue), Breakout Up (Green), Breakdown (Red), Post-Congestion (Yellow), and Pullbacks (Purple). Visual Display: Shows market states using background colors in an oscillator panel, with an optional histogram plot (toggleable in settings). Alerts: Generates alerts for state changes, with enhanced options to include price levels, volatility, and trend context. Customizable Filters: Includes volume, volatility, RSI, trend, momentum, and price movement filters to refine signals. Adaptable Settings: Supports dynamic thresholds, timeframe adjustments, auto-settings based on volatility, and predefined presets (Default, Aggressive, Conservative). NSE Session: Optimized for Indian markets with a default session time of 9:15 AM–3:30 PM IST. How can Grok help?
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srbhmaggo tarafından
Supply/Demand Zones + Engulfment-based ExecutionSupply/Demand Zones + Engulfment-Based Execution Strategy Overview This strategy combines institutional trading concepts—supply/demand zones and engulfing candle patterns—to generate high-probability long and short trade setups. The system uses aggregated price action to identify potential reversal zones and confirms entries with engulfing candle patterns, ensuring trades are only taken when market structure shows commitment in the direction of the trade. Core Concepts • Supply & Demand Zones: These are automatically detected by analyzing aggregated bullish and bearish candle structures over user-defined intervals. Supply zones are formed after bearish continuation patterns; demand zones appear after bullish continuation patterns. • Engulfing Entries: Once price enters a zone, the strategy waits for a bullish engulfing pattern (in a demand zone) or a bearish engulfing pattern (in a supply zone) before executing a trade. This adds confirmation and reduces false signals. • Risk Management: Stop-loss is placed at the low (for long trades) or high (for short trades) of the engulfed candle. Take-profit can be calculated using a fixed R-multiple (risk-to-reward ratio) or a user-defined target price. Key Features Fully customizable aggregation factor for zone detection Visual zone boxes, entry/SL/TP boxes, and engulfing pattern labels Optional removal of mitigated zones for cleaner charting Configurable trade mode (Long only, Short only, or Both) Support for trading sessions and date filtering Alerts for price entering supply or demand zones How to Use Select Aggregation Factor: Choose how many candles to group together for identifying key zones (e.g., 4x timeframe). Enable Zones: Turn on supply and/or demand zones as needed. Set Execution Parameters: – Choose R-multiple (e.g., 2:1 risk-reward) – Or use a fixed take-profit price Define Trade Time Window: – Set the date and time ranges to restrict execution – Use Start Hour and End Hour to limit trades to specific sessions (e.g., London/New York) Run on Desired Timeframe: Typically used on 15m–4H charts, depending on your strategy and the asset’s volatility. Ideal For • Traders using Smart Money Concepts (SMC) • Those who value high-confluence entries • Intraday to swing traders looking for structure-based automation ⚠️ Important Notes • The strategy requires engulfing confirmation within the zone to enter a position. • This script does not repaint and executes trades on a bar close basis. • Backtest results may vary based on session filters and aggregation factor. © Attribution This strategy was developed by The_Forex_Steward and is licensed under the Mozilla Public License 2.0. You are free to use, modify, and distribute it under the terms of that license.
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The_Forex_Steward tarafından