PROTECTED SOURCE SCRIPT
PowerStrike Pro V3
Purpose of the Script
"PowerStrike Pro V3" is a custom indicator designed to generate high-accuracy buy/sell signals by combining multiple technical analysis tools. This script is optimized for trend-following, scalping, and support/resistance strategies. It integrates popular indicators such as RSI, Supertrend, Bollinger Bands, and dynamic support/resistance levels to provide traders with reliable signals.
Components of the Script and How It Works
The script combines the following key components, each contributing to the total signal strength based on user-defined weights. Below is a detailed explanation of how each component works and how it contributes to the overall score:
1. RSI (Relative Strength Index)
How It Works:
RSI identifies overbought (above 70) and oversold (below 30) conditions in the market.
The script uses RSI values to measure the strength of the trend and generate buy/sell signals.
When RSI is in the oversold zone, it strengthens buy signals. When in the overbought zone, it strengthens sell signals.
Contribution to Total Score:
RSI's contribution is calculated based on its strength in the oversold or overbought zones.
The final contribution is weighted by the user-defined "RSI Weight" and added to the total score.
2. Support and Resistance Levels
How It Works:
The script dynamically calculates recent peaks (resistance) and valleys (support) using a user-defined lookback period.
These levels are plotted on the chart as dynamic support and resistance lines.
The proximity of the price to these levels strengthens the signals.
Contribution to Total Score:
If the price is near a support level, it increases the strength of buy signals.
If the price is near a resistance level, it increases the strength of sell signals.
The contribution is weighted by the "Support/Resistance Weight" and added to the total score.
3. Supertrend Indicator
How It Works:
Supertrend uses ATR (Average True Range) and a multiplier to determine the trend direction.
The script uses Supertrend's direction changes as a filter for buy/sell signals.
When Supertrend is in an uptrend, it strengthens buy signals. When in a downtrend, it strengthens sell signals.
Contribution to Total Score:
Supertrend's contribution is weighted by the "Supertrend Weight" and added to the total score.
4. Bollinger Bands
How It Works:
Bollinger Bands measure price volatility and identify potential support/resistance levels.
The script generates buy signals when the price crosses above the lower band and sell signals when it crosses below the upper band.
Contribution to Total Score:
A crossover above the lower band increases the strength of buy signals.
A crossover below the upper band increases the strength of sell signals.
The contribution is weighted by the "Bollinger Bands Weight" and added to the total score.
5. Order Book Data
How It Works:
The script analyzes bid/ask volumes from the order book to assess market depth.
High bid volume near support levels strengthens buy signals.
High ask volume near resistance levels strengthens sell signals.
Contribution to Total Score:
Order book data is weighted by the "Order Book Weight" and added to the total score.
Signal Types and Their Meaning
The script generates two types of signals:
Weak Signals:
Weak signals indicate the early stages of a trend or minor corrections.
These are represented by small green (buy) or red (sell) triangles on the chart.
Weak signals are suitable for low-risk trades or scalping strategies.
Strong Signals:
Strong signals indicate the continuation of a trend or significant reversal points.
These are represented by larger green (buy) or red (sell) arrows on the chart.
Strong signals are suitable for higher-risk, higher-reward trades.
Total Score Calculation
The script calculates the total buy and sell scores by combining the weighted contributions of all components. The formula for the total score is as follows:
Copy
Total Buy Score = (RSI Buy Strength * RSI Weight) + (Support Strength * Support/Resistance Weight) + (Supertrend Buy Strength * Supertrend Weight) + (Bollinger Buy Strength * Bollinger Weight) + (Order Book Buy Strength * Order Book Weight)
Total Sell Score = (RSI Sell Strength * RSI Weight) + (Resistance Strength * Support/Resistance Weight) + (Supertrend Sell Strength * Supertrend Weight) + (Bollinger Sell Strength * Bollinger Weight) + (Order Book Sell Strength * Order Book Weight)
The total score is then compared to user-defined thresholds to generate weak or strong signals. For example:
A total buy score above 80% generates a weak buy signal.
A total buy score above 85% generates a strong buy signal.
Recommended Strategies
Trend Following: Use strong signals to trade in the direction of the main trend.
Scalping: Use weak signals to capture short-term price movements.
Support/Resistance Trading: Use the dynamically plotted support and resistance levels to identify reversal points.
How to Use the Script
Weight Settings:
Adjust the weights for each component (RSI, Supertrend, Bollinger Bands, etc.) in the script settings to customize the signal strength calculation.
Signal Thresholds:
Set the thresholds for weak and strong signals (e.g., 80% for weak signals, 85% for strong signals).
Chart Visualization:
The script automatically plots buy/sell signals on the chart. Use these signals in conjunction with your trading strategy.
Unique Features of the Script
Dynamic Weighting: Each component's contribution to the total score can be customized using user-defined weights.
Integrated Support/Resistance: The script dynamically calculates and plots support/resistance levels, enhancing signal accuracy.
Order Book Analysis: The inclusion of order book data provides additional confirmation for signals.
Final Notes
While "PowerStrike Pro V3" combines multiple indicators to generate reliable signals, no indicator guarantees 100% accuracy. Always use proper risk management and combine this script with other analysis tools for the best results
"PowerStrike Pro V3" is a custom indicator designed to generate high-accuracy buy/sell signals by combining multiple technical analysis tools. This script is optimized for trend-following, scalping, and support/resistance strategies. It integrates popular indicators such as RSI, Supertrend, Bollinger Bands, and dynamic support/resistance levels to provide traders with reliable signals.
Components of the Script and How It Works
The script combines the following key components, each contributing to the total signal strength based on user-defined weights. Below is a detailed explanation of how each component works and how it contributes to the overall score:
1. RSI (Relative Strength Index)
How It Works:
RSI identifies overbought (above 70) and oversold (below 30) conditions in the market.
The script uses RSI values to measure the strength of the trend and generate buy/sell signals.
When RSI is in the oversold zone, it strengthens buy signals. When in the overbought zone, it strengthens sell signals.
Contribution to Total Score:
RSI's contribution is calculated based on its strength in the oversold or overbought zones.
The final contribution is weighted by the user-defined "RSI Weight" and added to the total score.
2. Support and Resistance Levels
How It Works:
The script dynamically calculates recent peaks (resistance) and valleys (support) using a user-defined lookback period.
These levels are plotted on the chart as dynamic support and resistance lines.
The proximity of the price to these levels strengthens the signals.
Contribution to Total Score:
If the price is near a support level, it increases the strength of buy signals.
If the price is near a resistance level, it increases the strength of sell signals.
The contribution is weighted by the "Support/Resistance Weight" and added to the total score.
3. Supertrend Indicator
How It Works:
Supertrend uses ATR (Average True Range) and a multiplier to determine the trend direction.
The script uses Supertrend's direction changes as a filter for buy/sell signals.
When Supertrend is in an uptrend, it strengthens buy signals. When in a downtrend, it strengthens sell signals.
Contribution to Total Score:
Supertrend's contribution is weighted by the "Supertrend Weight" and added to the total score.
4. Bollinger Bands
How It Works:
Bollinger Bands measure price volatility and identify potential support/resistance levels.
The script generates buy signals when the price crosses above the lower band and sell signals when it crosses below the upper band.
Contribution to Total Score:
A crossover above the lower band increases the strength of buy signals.
A crossover below the upper band increases the strength of sell signals.
The contribution is weighted by the "Bollinger Bands Weight" and added to the total score.
5. Order Book Data
How It Works:
The script analyzes bid/ask volumes from the order book to assess market depth.
High bid volume near support levels strengthens buy signals.
High ask volume near resistance levels strengthens sell signals.
Contribution to Total Score:
Order book data is weighted by the "Order Book Weight" and added to the total score.
Signal Types and Their Meaning
The script generates two types of signals:
Weak Signals:
Weak signals indicate the early stages of a trend or minor corrections.
These are represented by small green (buy) or red (sell) triangles on the chart.
Weak signals are suitable for low-risk trades or scalping strategies.
Strong Signals:
Strong signals indicate the continuation of a trend or significant reversal points.
These are represented by larger green (buy) or red (sell) arrows on the chart.
Strong signals are suitable for higher-risk, higher-reward trades.
Total Score Calculation
The script calculates the total buy and sell scores by combining the weighted contributions of all components. The formula for the total score is as follows:
Copy
Total Buy Score = (RSI Buy Strength * RSI Weight) + (Support Strength * Support/Resistance Weight) + (Supertrend Buy Strength * Supertrend Weight) + (Bollinger Buy Strength * Bollinger Weight) + (Order Book Buy Strength * Order Book Weight)
Total Sell Score = (RSI Sell Strength * RSI Weight) + (Resistance Strength * Support/Resistance Weight) + (Supertrend Sell Strength * Supertrend Weight) + (Bollinger Sell Strength * Bollinger Weight) + (Order Book Sell Strength * Order Book Weight)
The total score is then compared to user-defined thresholds to generate weak or strong signals. For example:
A total buy score above 80% generates a weak buy signal.
A total buy score above 85% generates a strong buy signal.
Recommended Strategies
Trend Following: Use strong signals to trade in the direction of the main trend.
Scalping: Use weak signals to capture short-term price movements.
Support/Resistance Trading: Use the dynamically plotted support and resistance levels to identify reversal points.
How to Use the Script
Weight Settings:
Adjust the weights for each component (RSI, Supertrend, Bollinger Bands, etc.) in the script settings to customize the signal strength calculation.
Signal Thresholds:
Set the thresholds for weak and strong signals (e.g., 80% for weak signals, 85% for strong signals).
Chart Visualization:
The script automatically plots buy/sell signals on the chart. Use these signals in conjunction with your trading strategy.
Unique Features of the Script
Dynamic Weighting: Each component's contribution to the total score can be customized using user-defined weights.
Integrated Support/Resistance: The script dynamically calculates and plots support/resistance levels, enhancing signal accuracy.
Order Book Analysis: The inclusion of order book data provides additional confirmation for signals.
Final Notes
While "PowerStrike Pro V3" combines multiple indicators to generate reliable signals, no indicator guarantees 100% accuracy. Always use proper risk management and combine this script with other analysis tools for the best results
Skrypt chroniony
Ten skrypt został opublikowany z zamkniętym kodem źródłowym i możesz z niego dowolnie korzystać. Możesz go dodać do ulubionych, żeby używać go na wykresie. Nie możesz przeglądać ani modyfikować jego kodu źródłowego.
Chcesz użyć tego skryptu na wykresie?
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.