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Enhanced Level Breakout Strategy Pro

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Enhanced Level Breakout Strategy Pro — Executive Summary

Level-driven breakout engine with single-position governance, three staged targets, and live USD/INR currency awareness. It operationalizes last session levels and swing structure to generate actionable entries only when price confirms and volume validates.

What it does

Surfaces breakouts of previous day and previous week high/low/open/close.

Confirms with optional volume expansion.

Enters one position at a time. Manages SL + TP1/TP2/TP3 and auto-expires after time.

Tracks outcomes and KPIs, including a rolling 30-day dashboard.

Auto-detects INR vs USD charts and handles live USD/INR conversion for capital displays.

How trades are found

Levels

Uses completed prior Daily and Weekly OHLC as reference rails.

Breakout up: close > prior high/open/close.

Breakout down: close < prior low/open/close.

Volume filter (optional)

Current volume > 20-SMA(volume) × threshold.

Swing context (visual only)

Marks most recent 3–4-bar swing high/low to show nearby structure.

Entry logic

Long if any daily/weekly upside breakout confirms on the closed bar and volume filter passes.

Short if any downside breakout confirms with the same gating.

Single-trade mode by default. You can allow new trades before completion if required.

Risk model and exits

Stop-loss

Long: min(low[1], low[2])

Short: max(high[1], high[2])

Targets

TP1 = 1.5R, TP2 = 2R, TP3 = 3R.

Hitting TP3 implies TP2 and TP1 are counted as achieved.

Time exit

Force close after 50 bars if no TP/SL.

Labels/lines

Entry, SL, TP1/2/3 plotted only while the trade is active.

Capital and currency enablement

Initial Capital and Risk % per trade drive the on-chart capital panel.

Auto-detects chart currency (INR for NSE/BSE tickers, else USD).

Live USD/INR pull with fallback to manual rate.

Shows position size (float units), investment amount, and risk amount in the selected display currency.

On-chart UX

Level rails

Daily levels on the left (custom color).

Weekly levels on the right (custom color).

Swing tags: SH / SL at the latest swing points.

Signal markers: Entry labels on the confirmation bar.

Two tables

Performance (top-right): trades, win rate, average P/L, TP1/2/3 hit counts and accuracies, 30-day counts and average TP profits, SL stats, configuration flags.

Capital (bottom-left): capital, risk/trade, position size, investment, stop distance, R:R set, conversion rate and source.

KPIs tracked

All-time: total trades, win rate, average P/L, TP1/TP2/TP3 accuracy and average profit, SL accuracy.

Last 30 days: number of trades hitting TP1/TP2/TP3 or SL, plus average TP1/TP2/TP3 profit across those hits.

Configuration levers

Currency: Auto / INR / USD, live or manual USD/INR rate.

Components: toggle daily/weekly levels and entry generation.

Swing: lookback 2–10, show/hide.

Risk: initial capital, risk % per trade.

Filters: volume on/off and threshold.

Display: TP/SL lines, labels, transparent tables, one-trade policy, wait-for-completion.

Styling: independent colors and thickness for daily/weekly/swing levels.

Governance and constraints

One active position unless you opt out.

Entries trigger on bar close to avoid repaint.

Level references are always previous completed sessions.

Arrays capped to manage memory; stats keep recent history efficiently.

Operating procedure

Select timeframe. Add to chart.

Set capital and risk %. Confirm currency mode.

Optional: enable volume filter and set threshold.

Monitor left/right level rails. Trade fires on confirmed breaches.

Manage optional discretion using swing markers and stop distance readout.

Review top-right KPIs for continuous improvement. Iterate thresholds as needed.

Tips

Use higher timeframes for fewer but higher-quality signals.

Keep volume filter on during trend days to avoid weak breaks.

For INR equities, prefer AUTO currency with Live conversion enabled for cleaner dashboards.

If you scale manually, keep single-trade mode enabled to avoid overlapping signals.
Nota Keluaran
Labels removes, some information removed from tables

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.