Trend Following BreakoutEasy Trend Following Strategy using Highs and Lows breakout of the last X candles to enter and exit trades.
You can easily change the ENTRY and EXIT value in order to find the best settings.
This strategy seems to be working well for $BTC and $ETH on the 4H and 1D.
I didn't play with it too much as I am testing script to trade on the 15 minutes chart with margin. This script can't do this successfully but I hope it can be helpful for what you want to achieve.
Cari dalam skrip untuk "break"
London Breakout with MDX Trailing StopThis indicator aims to aid in using the regular London Breakout strategy, as well as improve on it by adding a trailing stop based on the Mean Deviation Index.
The London Breakout strategy (according to my personal understanding) basically sees the morning before London open as the accumulation or distribution range for large buyers or sellers, and assumes the market will break either above that mornings high or below that mornings low when they start to move price. It is mostly used to trade stock indices and forex.
This indicator plots the morning high and low for each day. The green line is the morning high, and the red line is the morning low. If price moves above the green line (the morning high) it fills that area with a green color. If price moves below the green line (the morning low) it fills that area with a red color. This makes the breakouts easy to spot.
The background color of the chart turns green when the MDX is above 0 (price is more than X times ATR above the mean) and a breakout above the morning high has occurred, and stays green until the opposite happens.
The background color of the chart turns red when the MDX is below 0 (price is more than X times ATR below the mean) and a breakout above the morning high has occurred, and stays green until the opposite happens.
The default for X above is 1.0, but this can be changed in the settings by changing "ATR Multiplier".
The background is always neutral during the morning session since the morning high and morning low are not established yet.
A trailing stop is shown when price is more than X times away from the mean and a breakout has occured. The distance is set using the MDX. The trailing stop uses a separate ATR multiplier though, to make the signal and trailing stop MDX values different, if one likes. The default ATR multiplier for the trailing stop is 1.25, but this can be changed is the settings by changing "ATR multiplier for trailing stop".
When the high or low of a candle breaks the trailing stop, it is moved further away, indicating you have been stopped out, but gives opportunity to use it if you enter again (so it doesn't just disappear).
As an added bonus, take profit levels have been added based on the mornnig range. The take profit distance is set by multiplying the range with a factor. The levels are then plotted that distance from the morning high and morning low.
MDX:
B3 Buyer-Seller BreakoutsB3 Buyer-Seller Breakouts = If a bar is showing that it is moving in a direction with highs lows and close, all of which are >respectively< moving against the open from the bar before, then it prints indicating buyers or sellers bringing momentum. The arrows and cloud carry into the next bar to give lots of awareness of the micro-term momentum. The cloud represents the better price range from which to add to a position.
This study repaints within the bar, most of my indicators do not, but this one is about timing to get an edge on adding to your already in play position, becoming part of the needed momentum to hit profit targets faster. Also, this theory helps you add to winners, and if you never add to losers, you now have statistical odds in your favor. I got the idea for the study reading about turtle trader method and how that statistical edge is really why it works, always adding on every breakout. Keep in mind that I never buy or sell breakouts to initiate trades, only to scale in.
~Cheers!~ ~B3
Trendline Breakout Navigator [LuxAlgo]The Trendline Breakout Navigator indicator shows three trendlines, representing trends of different significance between Swing Points.
Dots highlight a Higher Low (HL) or Lower High (LH) that pierces through the Trendline without the closing price breaking the Trendline.
A bar color and background color option is included, which offers insights into the price against the trendlines.
🔶 USAGE
Trendlines (TL) are drawn, starting as a horizontal line from a Swing Point.
When an HL (in the case of a bullish TL) or an LH (bearish TL) is found, this Swing Point is connected to the first Swing Point. In both cases, the TL can be optimized when one or more historical close prices breach the TL (see DETAILS).
A solid-styled long-term trendline represents the overall market direction, while a dashed-styled medium-term trendline captures medium-term movements within the long-term trend. Finally, a dotted-styled short-term trendline tracks short-term fluctuations.
🔹 Swing Points vs. Trend
A "Higher High" (HH) or "Lower Low" (LL) will initialize a new trendline, respectively, starting from the previous "Swing Low" or Swing High".
To spot the trend shift, "HH/LL" labels and an optional background color are included. They can be enabled/disabled or set at "Long, Medium, or Short" term TL (Settings—"MS", "HH/LL" and "Background Color").
These features are linked to one Trendline of choice only.
Where the "HH/LL" labels can show a potential trend shift, the background color is:
Green from the moment the close price breaks above a bearish trendline or when an HH occurs
Red from the moment the close price breaks below a bullish trendline or when an LL occurs
🔹 Bar Color
The bar color will depend on the location of the closing price against the three trendlines. When a trendline is unavailable (for example, if the close price breaks the TL and there is no HH/LL), the last known trendline value will be considered.
All three trendlines influence the bar color.
If the close price is above the "Long Term" TL, the bar color will show a gradient of green, darker when the close price is below the "Medium Term" and/or "Short Term" TLs.
On the other hand, when the close price is below the "Long Term" TL, the bar color will show a gradient of red, which becomes darker when the close price is above the "Medium Term" and/or "Short Term" TLs.
To keep the above example simple, only the "Long Term" TL is considered. The white line (not included in the script) resembles the actual value of the TL at each bar, where you can see the effect on the bar color.
Combined with the trendlines and dots, the bar color can provide extra depth and insights into the underlying trends.
🔹 Tested Trendlines
If a new HL/LH pierces the Trendline without the close price breaking the Trendline, the Trendline will be updated.
The exact location where the price exceeded the Trendline is visualized by a dot, colored blue on a bullish trendline and orange when bearish.
These dots can be indicative of a potential trend continuation or reversal.
🔹 Higher TimeFrame Option
The "Period" setting enables users to visualize higher-timeframe trendlines as long as the line length doesn't exceed 5000 bars.
🔶 DETAILS
When a new trendline is drawn, the script first draws a preliminary line and then checks whether a historical close price exceeded this line above (in the case of a bearish TL) or below (in a bullish case).
Subsequently, the most valid point in between is chosen as the starting point of the Trendline.
🔶 SETTINGS
Period: Choose "chart" for trendlines from the current chart timeframe, or choose a higher timeframe
🔹 Swing Length
Toggle and Swing Length for three trendlines: Period used for the swing detection, with higher values returning longer-term Swing Levels.
🔹 Style
Trendline: color for bullish/bearish Trendline
Wick Dot: color for bullish/bearish trendline test
Term: Long-, medium- or short-term
HH/LL: Show HH/LL labels (with or without previous Swing High/Low) of chosen Term
Background Color: Green when the closing price is above the trendline of choice, red otherwise
Bar Color
First 5-Minute Premarket High/Low Break RetestDay trading method that uses the 5 minute candle high and low but trade on the 1 minute chart.
This is a break and retest trading strategy based on the market open 5 minute high and low candle.
Additional levels would be the premarket high and low plotted in blue on the chart. It's not uncommon for the 5 minute to be near the premarket high and low zone.
The break and restest of the 5 minute white lines either to the downside or upside. Once a hammer or long wick candle forms near or touching the retest of the 5 minute line that indicates an entry point.
It's best to have another confirmation for entry such as the 13 and 100 ema cross to confirm good position and risk.
This is a repetable and solid trading strategy. The indicator was created to plot on the 1 and 5 minute charts.
Katalyst's Opening Range BreakoutKatalyst's Opening Range Breakout + No Trade Zone
📜 Overview:
This indicator allows traders to visualize the high and low of the opening range for a user-selected timeframe (e.g., 30s, 1m, 5m, 15m). It features fully customizable lines, labels, and an optional **No Trade Zone** fill to help you identify breakout levels with ease.
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🎯 Key Features:
1. **Customizable Opening Range**:
- Select your preferred opening range duration: **30 seconds, 1 minute, 2 minutes, 5 minutes, 10 minutes, or 15 minutes**.
- The indicator calculates and plots the **high** and **low** of the selected opening range.
2. **Dynamic Line Styling**:
- Choose the **line color**, **transparency**, and **style**: **Solid, Dashed, or Dotted**.
- Lines extend to the right of the chart for clarity.
3. **No Trade Zone** *(Optional / Disabled by default)*:
- When enabled, fills the area between the high and low lines with a customizable **color and transparency**.
- Helps visually identify consolidation areas where trading might be avoided.
4. **Labels for Precision**:
- Clearly displays the **Opening Range High** and **Low** values.
- Labels are color-coded and positioned dynamically for easy interpretation.
5. **Clean and Efficient Updates**:
- The indicator deletes old lines, labels, and fills before creating new ones, ensuring a clutter-free chart.
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⚙️ How to Use:
1. **Select Your Timeframe**:
- From the settings, choose your desired opening range duration: 30s, 1m, 2m, 5m, 10m, or 15m.
2. **Customize the Visuals**:
- Adjust line color, style, and transparency.
- Enable the **No Trade Zone** for a transparent background fill between the high and low lines.
3. **Interpret the Breakout**:
- Watch for price movements above or below the **opening range** to identify potential breakout opportunities.
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🛠 Settings:
Opening Range Duration: Select the timeframe for the opening range (30s, 1m, 2m, 5m, 10m, 15m).
Line Color: Set the color of the range lines.
Line Transparency: Adjust the transparency of the lines (0 = solid, 100 = invisible).
Line Style: Choose line style: Solid, Dashed, or Dotted.
Label Colors: Customize the label colors for the high and low values.
Enable No Trade Zone: Fill the area between high and low lines with a transparent color.
No Trade Zone Color: Set the fill color for the no trade zone.
No Trade Zone Transparency: Adjust the transparency of the no trade zone fill.
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📈 Ideal For
Day traders and scalpers looking to trade **breakouts**.
Traders who want to identify areas of consolidation visually.
Anyone who relies on the **opening range** for their trading strategy.
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🔍 Example Usage:
Set the opening range to **5 minutes** and enable the **No Trade Zone** with a light red fill.
Watch for price to break above or below the high/low lines to signal potential trade opportunities.
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✨ Why Use This Indicator?
This script simplifies your breakout strategy by providing a clear, visually appealing representation of the opening range. The flexible customization options and the optional **No Trade Zone** make it a powerful tool for identifying high-probability trades.
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Let me know if you need any additional tweaks or clarifications for this description. It's all set to help traders understand and use your powerful script! 🚀📈
Breakout LevelsBreakout Levels Indicator
The Breakout Levels indicator is a tool designed to help traders identify potential breakout points based on a specified time range and market volatility. By combining user-defined time frames with Average True Range (ATR) calculations, it provides actionable entry and stop-loss levels for both upward and downward breakouts. Additionally, it includes risk management features to calculate appropriate position sizes based on your account capital and risk tolerance.
Key Features
Custom Time Range Selection: Define a specific period during which the indicator calculates the highest high and lowest low to establish breakout levels.
ATR-Based Calculations: Use the ATR to adjust entry and stop-loss levels according to market volatility.
Risk Management: Automatically calculate position sizes based on your account capital and desired risk per trade.
Indicator Inputs
Start Time : The beginning of the time range for calculating the highest high and lowest low.
End Time : The end of the time range.
Entry Multiplier: A factor that determines how far the entry level is from the breakout level, scaled by the ATR.
Stop-Loss Multiplier: A factor that determines the distance of the stop-loss from the entry level, scaled by the ATR.
Risk per Trade (%) : The percentage of your account capital you're willing to risk on each trade.
Account Capital : Your total trading capital used for position size calculations.
ATR Length : The number of periods over which the ATR is calculated.
Position Size Up / Down : Shows you Lot size to maintain no loss more than allowed percentage at that entry
Price and Volume Breakout Buy Strategy [TradeDots]The "Price and Volume Breakout Buy Strategy" is a trading strategy designed to identify buying opportunities by detecting concurrent price and volume breakouts over a specified range of candlesticks.
This strategy is optimized for assets demonstrating high volatility and significant momentum spikes.
HOW IT WORKS
The strategy first takes the specific number of candlesticks as the examination window for both price and volume.
These values are used as benchmarks to identify breakout conditions.
A trade is initiated when both the closing price and the trading volume surpass the maximum values observed within the predetermined window.
Price must be above a designated moving average, serving as the trend indicator, ensuring that all trades align with the prevailing market trend.
APPLICATION
This strategy is particularly effective for highly volatile assets such as Bitcoin and Ethereum, capitalizing on the cues from sudden price and volume breakouts indicative of significant market movement, often driven by market smart money traders.
However, for broader markets like the S&P 500, this strategy may be less effective due to less pronounced volume and price shifts compared to the cryptocurrency markets.
DEFAULT SETUP
Commission: 0.01%
Initial Capital: $10,000
Equity per Trade: 70%
Backtest result sometimes gives fewer than 100 trades under certain higher timeframes, as most trades tend to have a long holding period. Entry conditions are also more stringent, which, combined with the relatively brief history of cryptocurrencies, results in fewer trades on longer timeframes.
Users are advised to adjust and personalize this trading strategy to better match their individual trading preferences and style.
RISK DISCLAIMER
Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.
Liquidity Breakout - Strategy [presentTrading]- Introduction and How It Is Different
The Liquidity Breakout Strategy is a unique trading strategy that focuses on identifying and leveraging patterns in market price data. This strategy, mainly inspired by the script "Master Pattern" by LuxAlgo, takes a different approach from many traditional strategies that rely on technical indicators or fundamental analysis. Instead, the Liquidity Breakout is based on the concept of contraction detection and liquidity levels. This approach allows traders to identify potential trading opportunities that other strategies might miss.
BTCUSDT 6h
The strategy is different from other trading strategies because it uses a unique combination of pattern detection, liquidity levels, and user-defined trading direction. This combination allows the strategy to adapt to various market conditions and trading styles, making it a versatile tool for traders.
- Strategy: How It Works
1. Contraction Detection: The strategy uses a lookback period defined by the user (default is 10 bars) to identify contractions in the market. A contraction is a period where the market is consolidating, often followed by a significant price movement. The strategy identifies contractions by finding pivot highs and pivot lows within the lookback period. If a pivot high is lower than the previous pivot high and a pivot low is higher than the previous pivot low, a contraction is detected.
2. liquidity Levels:
What are Liquidity levels? Liquidity levels, also known as liquidity pools or zones, are price levels at which there is a significant amount of trading activity. They are often areas where large institutional traders (like banks or hedge funds) have placed orders. These levels are important because they can act as support or resistance levels, and price often reacts at these levels.
In the context of this strategy, liquidity levels are used to identify potential entry and exit points for trades. When the price reaches a liquidity level, it could indicate a potential trading opportunity. For example, if the price breaks through a liquidity level, it could signal the start of a new trend. On the other hand, if the price approaches a liquidity level and then reverses, it could signal a potential reversal.
The strategy uses these two elements to identify potential trading opportunities. When a contraction is detected, the strategy will look for a breakout in the direction of the trend. If the breakout occurs at a liquidity level, the strategy will execute a trade.
The strategy also allows traders to set their stop loss based on either the Average True Range (ATR) or a fixed percentage. This flexibility allows traders to manage their risk according to their personal risk tolerance and trading style.
- Trade Direction
One of the unique features of the Master Pattern Strategy is the ability to choose the trading direction. Traders can choose to trade in the "Long" direction, the "Short" direction, or "Both". This feature allows traders to adapt the strategy to their personal trading style and market outlook.
For example, if a trader believes that the market is in an uptrend, they can choose to trade only in the "Long" direction. Conversely, if the market is in a downtrend, they can choose to trade only in the "Short" direction. If the trader believes that the market is volatile and there are opportunities in both directions, they can choose to trade in "Both" directions.
- Usage
To use the strategy, traders need to input their preferred settings, including the contraction detection lookback period, liquidity levels, stop loss type, and trading direction. Once these settings are input, the strategy will automatically detect potential trading opportunities and execute trades according to the defined parameters.
- Default Settings
The default settings for the Master Pattern Strategy are as follows:
Contraction Detection Lookback: 10
Liquidity Levels: 20
Stop Loss Type: ATR
ATR Length: 20
ATR Multiplier: 3.0
Fixed Percentage: 0.01
Trading Direction: Both
These settings can be adjusted according to the trader's personal preferences and market conditions. It's recommended that traders experiment with different settings to find the ones that work best for their trading style and goals.
RSI Trendlines with BreakoutsA pivot-based breakout indicator that attempts to provide traders with a visual aid for finding breakouts on the RSI. Similar to how we use trendlines on our charts, using them on the Relative Strength Index can also give us a sense of direction in the markets.
This script uses its own pivot-based system that checks for real-time swing levels and triggers a new pivot event after every dip and nth bars. The breakout alerts that are given were not designed to be taken as signals since their purpose is to provide an extra bit of confluence. Because of this, I added no other conditions that try to make the alerts "perfect", but instead, print every breakout that is detected. Despite stating this, I did happen to add a condition that checks the difference in RSI and the breakout value, but that's as far as it'll go.
There are alerts built-in to the script, along with adjustable repainting options.
🔳 Settings
Lookback Range: Lookback period to trigger a new pivot point when conditions are met.
RSI Difference: The difference between the current RSI value and the breakout value. How much higher in value should the current RSI be compared to the breakout value in order to detect a breakout?
RSI Settings
Styling Options
🔳 Repaint Options
On: Allows repainting
Off - Bar Confirmation: Prevents repainting and generates alerts when the bar closes. (1 candle later)
🔳 How it Works
Before a trendline is drawn, the script retrieves the slope between the previous pivot point and the current. Then it adds or subtracts the slope x amount of times (based on the lookback range) from the current pivot value until the current x-axis is reached. By doing this we can get a trendline that will detect a breakout accurately.
The result
When using the RSI Difference condition, the script will print breakouts whenever the condition is true, because of this dotted lines were added to track where the alert was triggered.
🔳 Alerts
DC Breakout Strategy | This is simplicity at its finest.As the title already describes: this is a Donchian breakout strategy. This strategy, as of now, only goes long. It goes long when the price close makes a new high and the 8 day moving average is above the 32 day moving average. The strategy exits the trade if the price breaks the atr trailing stop of * 3 or the 8 day moving average crosses below the 32 day moving average.
This is simplicity at its finest.
Pivot Points And Breakout Price Action With LuckyNickVaBar Color Candle Aligned with pivot points swing high and swing lows For Those Who Are Familiar with Trading The Breakouts Of Highs & Lows Of Structure. Pivots are said to be key areas in the market where price shows heavy reaction to where reversals make occur. At these points there are swing Highs & swing lows that traders may be able to find opportunity in the market. This Script is a combination of pivot points and Barcolor signals for the breakout.
Anti-Breakout StrategyAnti-Breakout Strategy
Description:
This is a contrarian entry strategy for trading false breakouts. The high/low of the breakout bar is used for the entry in the opposite direction.
To reduce repainting set ptype variable to OHL3.
Combo Breaker DetectionA method I'm playing with to detect liquidity grabs and breaks from consolidation.
Vortex Range Breakout SystemThis is a Vortex Based Visual System,
Which can help you identify the Vortex Crosses based Range Breakouts/ Breakdown, over the price Scale,
How its made ?
The vortex Crosses are projected over the Price
on Same Time frame {Green and Red Filled area}
-> green Area means : Vortex Crossover Range
-> red Area means : Vortex Crossunder Range
and on Higher Timeframe
Vortex Cross Levels are Plotted, which you see as :
Blue and Orange Lines
Default Configs
Vortex Period is 14
Higher Timeframe Option is set to 60 mins
You can change the Higher timeframe to any minutes which suits your need
Also If you want to change the Higher Timeframe in Days
just know
1D = 24*60 min, = 1140mins
Enjoy!
Session Range and Breakout Summary
This script presents the session range and post session movements relative to that range of all the majors and crosses on a single page. You can also set it to a daily range and weekly range (beta). It will even show you the pip value of the range. I made the indicator to easily stay on top of market movements at london open relative to the Asia session range. Its very easy to see which entire currency group is breaking its asia range WHIST ITS HAPPENING. Focus on NZD in the examples as it was the market lead today - I was able to get some of it when I saw the entire group breaking its range
Showing all the majors and crosses relative to the Asia range (00:00 - 07:00 GMT)
Active 'show on chart' to verify the indicator is measuring the range correctly. Compare below to the NZD box above - you can see how NZD had control of the market this morning and all NZD pairs broke out of their ranges.
'PIP MODE' - active pip mode to see what the pip range was of the session
Notes
The information is presented RELATIVELY - this means that all the ranges and movements are scaled to be the same size. You are therefore seeing the movements relative to their ranges. When you see a breakout it relative to the size of the range - for example, if GBPJPY had a range of 50pips and breaks out of the range by 100 pip and GBPEUR has a range of 20 pips and breaks out by 40 pips they have both broken out double the range and will be displayed as the same distance.
The indicator will show the movements whilst the range is forming. I did this so I can see what the groups are doing before Europe open and be ready - such as lingering at the top end of its INCOMPLETE asia range. Be aware through that if the lines are flat at the top of the range WHILST THE RANGE IS STILL FORMING this does not mean price was flat, it means that price was pushing up and growing the range. (Price can't breakout until the range has formed at the end of the session)
The currency pairs are organised to show the strength or weakness of the selected group - this means that the base currency is always the select group. This is to present the data with currencies moving in the same direction rather than some reversed but meaning the same in relation to currency strength. In the NZD example:
NZDAUD (not AUDNZD )
NZDCAD
NZDCHF
NZDEUR (not EURNZD )
NZDGBP (not GBPNZD )
NZDJPY
NZDUSD
I hope its useful. This is the most powerful indicator I've managed to write yet. It was difficult to make the code efficient enough to fit into the pinescript limit and still do everything.
[KK]EMA Breakout,1st retest,Peak BreakoutThis script gives Signal based on 3 parameters
(1) Exponential Moving average breakout
(2)Retest after Breakout
(3) Peak Breakout after retest for conformation
Recommended Settings:
(1) EMA Length = 20 period
(2)Left Bars= Right Bars = 4
(3)15min chart resolution
Note: Default setting is what recommended.
Interpretation:
(1)Green Background = Higher Peak Breakout candle after conformed retest
(2)Red Background = Lower Peak Breakout candle after conformed retest
(3) Green circle = 1st Upward Breakout candle after conformed retest ( if previous breakout is Downward)
(4)Red circle = 1st Downward Breakout candle after conformed retest ( if previous breakout is Upward)
Note: you can additionally add backgrounds for EMA breakout and conformed Retest from code.
Signals:
(1)Long = When Green circle
(2)Short = When Red circle
This script works with any ticker id. Best Use for Equity and Forex Markets. Also, added alert condition for green and red circle.
P.S.: Thanks to @RagingRocketBull for source code for breakout candles
High & Low Of Custom Session - OpeningRange Breakout (Expo)High & Low Of Custom Session - OpeningRange Breakout (Expo) prints the high and the low of a custom session.
I use the indicator to trade the re-test of opening range (high/low) as well as breakouts from the opening range. The same logic can be applied to the session you have chosen.
HOW TO USE
1. Use the indicator to trade the re-tests of the session range.
2. Use the indicator to trade breakouts of session range.
INDICATOR IN ACTION
1-min chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
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Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
RTB - Momentum Breakout Strategy V3
📈 RTB - Momentum Breakout Strategy V3 is a directional breakout strategy based on momentum. It combines exponential moving averages (EMAs), RSI, and recent support/resistance levels to detect breakout entries with trend confirmation. The system includes dynamic risk management using ATR-based stop-loss and trailing stop levels. Webhook alerts are supported for external automated trading integrations.
🔎 The strategy was backtested using default parameters on BTCUSDT Futures (Bybit) with 4-hour timeframe and a 0.05% commission per trade.
⚠️ This script is for educational purposes only and does not constitute financial advice. Always do your own research before trading.
D|W|M|Y Breaks with NY TimezoneThis indicator plots breaks for multiple timeframes: Daily, Weekly, Monthly, Quarterly, Half Yearly, Yearly.
I also added the option to change timezone to New York to see the week the ICT way ;)
High-Low Breakout Strategy with ATR traling Stop LossThis script is a TradingView Pine Script strategy that implements a High-Low Breakout Strategy with ATR Trailing Stop.created by SK WEALTH GURU, Here’s a breakdown of its key components:
Features and Functionality
Custom Timeframe and High-Low Detection
Allows users to select a custom timeframe (default: 30 minutes) to detect high and low levels.
Tracks the high and low within a user-specified period (e.g., first 30 minutes of the session).
Draws horizontal lines for high and low, persisting for a specified number of days.
Trade Entry Conditions
Long Entry: If the closing price crosses above the recorded high.
Short Entry: If the closing price crosses below the recorded low.
The user can choose to trade Long, Short, or Both.
ATR-Based Trailing Stop & Risk Management
Uses Average True Range (ATR) with a multiplier (default: 3.5) to determine a dynamic trailing stop-loss.
Trades reset daily, ensuring a fresh start each day.
Trade Execution and Partial Profit Taking
Stop-loss: Default at 1% of entry price.
Partial profit: Books 50% of the position at 3% profit.
Max 2 trades per day: If the first trade hits stop-loss, the strategy allows one re-entry.
Intraday Exit Condition
All positions close at 3:15 PM to ensure no overnight risk.
Advanced Volume-Driven Breakout SignalsThe "Advanced Volume-Driven Breakout Signals" indicator is a cutting-edge tool designed to help traders identify high-potential trading opportunities through sophisticated volume analysis techniques. This indicator integrates volume flow analysis, moving averages, and Relative Volume (RVOL) to provide a comprehensive view of market conditions, going beyond traditional Volume Spread Analysis (VSA) methods.
Key Features:
Volume Flow Analysis: Distinguishes bullish and bearish volume flows with distinct colors, making it easier to visualize market sentiment and potential breakout points.
Volume Flow Moving Averages: Calculates moving averages for volume using various methods (SMA, EMA, WMA, HMA, VWMA), accommodating different trading strategies. This includes settings for adjusting the type of moving average and its period, as well as thresholds for high, medium, and low volume levels.
Volume Spikes Detection: Identifies significant volume spikes based on user-defined multipliers and moving averages, highlighting unusual trading activity.
Volume MA Cloud Settings: Computes general moving averages of volume to track trends and detect deviations. This feature includes options to select different moving average types and adjust thresholds for detecting high volume activity.
Relative Volume (RVOL): Measures current volume relative to historical averages, triggering signals when RVOL exceeds predefined thresholds, indicating notable changes in trading activity.
Entry Conditions: Provides clear long and short entry signals based on combined volume flow conditions and RVOL, offering actionable trading opportunities.
Volume Visualization:
— Bullish Volume Flow: Light and dark green bars indicate bullish volume flow.
— Bearish Volume Flow: Light and dark red bars denote bearish volume flow.
— High Volume Bars: Highlighted in yellow, and extreme volume bars in orange for additional context. These bars are plotted for visual aid and do not directly influence trade signals, focusing instead on the quality and strength of the volume flow.
Alerts: Allows users to create alert notifications for long and short entry signals when the criteria are met, enabling traders to respond promptly to trading opportunities.
Usage:
Overlay: Apply the indicator directly to your price chart to visualise real-time signals and volume conditions.
Customisable: Adjust settings for moving averages, RVOL, and other parameters to match your trading strategy and preferences.
Comparison to VSA Scripts: The "Advanced Volume-Driven Breakout Signals" indicator extends beyond traditional VSA scripts by incorporating a wider range of analytical features. While VSA primarily focuses on volume spread patterns and price action, this indicator offers enhanced functionality with advanced RVOL metrics, customizable moving averages, and detailed volume spike detection, making it a more versatile tool for identifying breakout opportunities and managing trades. It is particularly effective when used alongside key levels and order blocks.
Acknowledgements: Special thanks to @oh92 and @goofoffgoose for their invaluable scripts, which served as inspiration in the development of this advanced trading indicator.
Notes: The script is continually evolving, with ongoing refinements aimed at enhancing accuracy and performance.
Pocket Pivot BreakoutPocket Pivot Breakout Indicator
The pocket pivot breakout indicator will show a blue arrow under the candle if both the following conditions are met:
1. The percentage change of the candle on that day from open is greater than 3%.
2. The volume on the day of 3% candle is higher than the highest red volume in the past 10 days.
The second condition is based on the 'Pocket Pivot' concept developed by Gil Morales and Chris Kacher.
If only one of the conditions is met, while the other is not, there will be no arrow.
How to use the Pocket Pivot Breakout indicator?
1. If the stock is breaking out of a proper base like (cup & handle, Darvas box etc.), you can use the blue arrow as an indicator to make your initial buy.
2. If you already own a stock, the blue arrow indicator can be used for pyramiding, following a continuation breakout from a proper base.
3. Avoid making a new entry or continuation entry if the stock is too extended from 10ma.
Gap-up > 0.5% Indicator
Gap-up Indicator displays a blue colored candle when a stock gaps up by more than 0.5% compared to previous day's close.
It is turned off by default. To activate it, check the box next to Gap-up > 0.5% in the indicator options.
How to use the Gap-up Indicator?
1. When a stock gaps up, it usually indicates strength, especially if on the day of the gap-up, the stock closes strongly.
2. This indicator should not be used in isolation but with a proper base breakout from a tight consolidation.
3. If a stock is already extended from 10ma, avoid taking any new or continuation entries.
Precautions
1. Avoid buying longs when the general market conditions are not favorable.
2. Avoid buying stocks below 200ma.
3. Avoid making a new entry or pyramid entry if a stock is too extended from 10ma.
Important Points
1. Always choose fundamentally strong stocks showing strong growth in earnings/margins/sales.
2. Buy these fundamentally strong stocks when they are breaking out of proper bases.
3. To learn more about pocket pivots and buyable gap-ups, read the book, Trade Like an O'Neil Disciple (by Gil Morales & Chris Kacher).
Cheers
Simranjit
