OPEN-SOURCE SCRIPT

KAPISH Weekly Open + Trailing SL

65
This script is a highly precise, rule-based breakout strategy designed to trade the Weekly Open price level. It is built for a "Jane Street" style of disciplined execution, meaning it prioritizes confirmation over speed to avoid market noise and "fakeouts."Here is the structural breakdown of how the script functions:1. The Core Anchor: Weekly OpenThe strategy uses the Weekly Open as its "Fair Value" line.It assumes that if price holds above the Weekly Open, the weekly trend is bullish.If price holds below, the trend is bearish.It applies your 0.01 buffer to ensure the breakout is meaningful and not just a "touch" of the level.2. The Precision Filter: 2-Candle DelayThis is the most critical part of the logic. Most retail traders enter the moment a level is crossed. This script does the opposite:Step 1: Price crosses the Weekly Open $\pm$ 0.01. (Marked by a tiny gray circle).Step 2: The script waits for two full candles to close.Step 3: On the third candle, it checks: "Is price still above/below the Weekly Open?"Result: If yes, it fires the BUY/SELL 2QTY signal. This filters out "stop-hunts" where price spikes and immediately reverses.3. Professional Trade Management (The "Split-Exit")Instead of exiting the whole trade at once, the script manages 2 Units (QTY) differently:Target 1 (TP1): A fixed "offload" point. This is designed to capture quick profit and reduce the risk of the trade.Target 2 (TP2) + Trailing SL: The second unit is the "runner."It aims for a larger target.It utilizes a Trailing Stop Loss that "climbs" behind the price. If price moves 30 points in your favor, the stop loss moves up 30 points automatically.

Wyłączenie odpowiedzialności

Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.