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CamarillaStrategy -V1 - H4 and L4 breakout - exits addedExits added using trailing stops. 2.6 Profit Factor and 76% Profitable on SPY , 5M - I think it's a pretty good number for an automated strategy that uses Pivots. I don't think it's possible to add volume and day open price in relation to pivot levels -- that's what I do manually .. Still trying to add EMA for exits.. it will increase profitability. You can play in pinescript with trailing stops entries..
Strategia Pine Script®
od cristian.d
15
ETF Intraday Overlay - Safe (VWAP + EMA 9/21)---- Breakout Above VWAP with Increased Volume → Bullish Entry Opportunity VWAP (Volume Weighted Average Price) acts as a key intraday support/resistance level. Institutions often use VWAP as a benchmark for entries. A breakout above VWAP with strong volume indicates that buyers are stepping in aggressively and price is moving above the average cost zone. The best entries often happen on the first strong breakout, or after a low-volume pullback to VWAP followed by a second strong push. A stop-loss can be placed below VWAP, making the risk–reward ratio clear. ------ EMA(9) Crossing Above EMA(21) → Short-Term Trend Reversal A moving average crossover is a classic trend reversal signal: When EMA(9) crosses above EMA(21), it shows that short-term momentum is now stronger than the medium-term trend — short-term bulls are taking control. If this crossover happens right after a VWAP or resistance breakout, the signal is stronger. Combine it with volume and price action for better confirmation. ------ Gap Up + Pullback to Support + Second Push → Classic Intraday Bullish Pattern This structure is typical of strong momentum stocks or hot themes during intraday sessions: Gap Up → shows strong bullish sentiment and positive expectations; Pullback to Support (e.g., VWAP, moving averages, previous highs) → shakes out weak hands and confirms support; Second Push → indicates strong hands are in control and a main upward leg is starting. ------Key point: the second push must come with noticeably higher volume — otherwise, it could be a fake breakout. ------- Low-Volume Consolidation → High-Volume Breakout → Swing Move Kickoff This is a textbook pattern for identifying the start of a swing move: Low-volume consolidation = accumulation and absorption of selling pressure; High-volume breakout above resistance = institutions initiating the move; This is often followed by a series of upward legs. 👉 You can enter early within the consolidation range (anticipatory) or buy the breakout with volume confirmation, placing stops below the range low. 📝 Summary You can combine these four signals into a clear bullish entry framework: Volume surge (VWAP breakout) → Trend confirmation (EMA crossover) → Intraday structure (second push) → Swing follow-through (volume breakout after consolidation) When multiple of these signals appear together, they typically mark high-probability entry zones.
Wskaźnik Pine Script®
od yunning69
Breakout buy and sell//@version=6 indicator("突破 + 反轉指標（嚴格版）", overlay=true) // 均線計算 ma5 = ta.sma(close, 5) ma20 = ta.sma(close, 20) ma_cross_up = ta.crossover(ma5, ma20) ma_cross_down = ta.crossunder(ma5, ma20) // 成交量判斷（嚴格：放量 1.5 倍以上） vol = volume vol_avg = ta.sma(vol, 20) vol_increase = vol > vol_avg * 1.5 // 價格突破（嚴格：創 20 根新高/新低） price_breakout_up = close > ta.highest(close, 20) price_breakout_down = close < ta.lowest(close, 20) // KDJ 隨機指標（抓反轉） k = ta.stoch(close, high, low, 14) d = ta.sma(k, 3) kd_cross_up = ta.crossover(k, d) kd_cross_down = ta.crossunder(k, d) // 時間過濾（美股正規交易時段） isRegularSession = (hour >= 14 and hour < 21) or (hour == 21 and minute == 0) // 冷卻時間（避免連續訊號） var int lastEntryBar = na var int lastExitBar = na entryCooldown = na(lastEntryBar) or (bar_index - lastEntryBar > 5) exitCooldown = na(lastExitBar) or (bar_index - lastExitBar > 5) // 嚴格進場條件 entryBreakout = ma_cross_up and vol_increase and price_breakout_up entryReversal = kd_cross_up entrySignal = (entryBreakout or entryReversal) and isRegularSession and entryCooldown // 嚴格出場條件 exitBreakdown = ma_cross_down and vol_increase and price_breakout_down exitReversal = kd_cross_down exitSignal = (exitBreakdown or exitReversal) and isRegularSession and exitCooldown // 更新冷卻時間 if entrySignal lastEntryBar := bar_index if exitSignal lastExitBar := bar_index // 顯示訊號 plotshape(entrySignal, location=location.belowbar, color=color.green, style=shape.labelup, title="進場訊號", text="買入") plotshape(exitSignal, location=location.abovebar, color=color.red, style=shape.labeldown, title="出場訊號", text="賣出") // 均線顯示 plot(ma5, color=color.orange, title="5MA") plot(ma20, color=color.blue, title="20MA") // 提醒條件（alertcondition） alertcondition(entrySignal, title="買入訊號", message="出現買入訊號") alertcondition(exitSignal, title="賣出訊號", message="出現賣出訊號")
Wskaźnik Pine Script®
od alexplusnew88
Breakout Josip strategy is focused on analyzing price movements during specific time intervals (from 9:00 AM to 12:00 PM) each day. It tracks the highest and lowest prices in that period and uses them to set targets for potential trades, placing horizontal lines based on these levels. Additionally, you're interested in tracking the success and failure of trades based on whether price breaks certain levels during this time range. The strategy also calculates various metrics like the percentage of successful trades, failed trades, and total trades during a selected time range.
Wskaźnik Pine Script®
od fluoclipwow
Breakout Candles + RSIHello! This is my firt script :) This indicator looks for candles that are significantly larger than the previous X candle. It is possible to set the following: Multiplier: deviation from the size of the previous X candle (if set to 3 the size of the actual candle's body /abs(open - close)/ must be larger than the size of the bigger candle from the prevous X candles) Previous candles: the number of previous candles to size check Upper RSI limit: if the RSI14 close higher than the specified number, the candle will ignore Lower RSI limit: if the RSI14 close lower than the specified number, the candle will ignore Without dojis: if checked, watches candles only that do not have a bottom spike (bullish) or top spike (bearish). Useful for Heikin-Ashi candles Feel free to left any suggestion! Thank You!
Wskaźnik Pine Script®
od mildZebra14333
2
Breakout Volume Can Help Confirm Other SignalsVolume can help confirm signals we might discover using other methods of technical analysis. This indicator tracks volume intelligently. Its logic spots above-average turnover and then tests against the price change. BrkVol highlights sessions with heavy volume and directional moves. This can help take out the noise and help confirm the trend. Tesla is a classic example of this, with the stock rallying after showing heavy-volume gains on October 24- 25, December 16 and January 8.
Wskaźnik Pine Script®
od TradeStation
6
Camarilla Pivots + 20 EMA StrategyThis is an intraday volatility and trend-following system for commodities like Natural Gas, combining dynamic pivot levels (Camarilla) with a trend filter (20-period EMA) to improve risk-reward and reduce false breakouts. Core Components 1. Camarilla Pivots: These are special support and resistance levels (H3, H4, L3, L4) calculated each day based on the previous day's high, low, and close. The pivots adapt to daily volatility, giving more relevant breakout and bounce zones than static lines. H4: Aggressive resistance (used for breakout LONG entry) H3: Moderate resistance/support (used for bounce or stoploss) L4: Aggressive support (used for breakout SHORT entry) L3: Moderate support/resistance (used for bounce or stoploss) 2. 20 EMA (Exponential Moving Average): Plotted on the 30-minute chart, this acts as a trend filter. If the price is above 20 EMA: Only look for long trades (bullish bias). If below 20 EMA: Only look for short trades (bearish bias). How the Strategy Works Setup (30-Min Chart): Camarilla pivots for the day are drawn on the chart. 20 EMA is also plotted. Trade Filter: Bullish: Trade ONLY if price is above 20 EMA. Bearish: Trade ONLY if price is below 20 EMA. Entry: LONG: Enter when price breaks and closes above the H4 pivot AND is above 20 EMA. SHORT: Enter when price breaks and closes below the L4 pivot AND is below 20 EMA. Stop Loss: LONG: Place stoploss at H3 (the next lower Camarilla resistance). SHORT: Place stoploss at L3 (the next higher Camarilla support). Target: Always set a profit target at 2x the distance (risk) between entry and stoploss (strict R:R 2). For example, if your entry is at H4 and stoploss at H3, your target is entry + 2*(entry - stoploss). Alerts & Visuals: The strategy plots entry arrows, stoploss and target lines for immediate visual reference. Alerts trigger on breakout signals so you never miss a trade. Why This Works Well for Natural Gas Adapts to volatility: The pivots change daily, handling wide-ranging and choppy price moves better than fixed breakouts. Trend filter: EMA prevents counter-trend whipsaws, only trades with market momentum. Risk control: Every trade must meet strict risk-reward criteria, so losses are contained and winners can outweigh losers.
Strategia Pine Script®
od vinaygaur97
CYCLE BY RiotWolftradingDescription of the "CYCLE" Indicator The "CYCLE" indicator is a custom Pine Script v5 script for TradingView that visualizes cyclic patterns in price action, dividing the trading day into specific sessions and 90-minute quarters (Q1-Q4). It is designed to identify and display market phases (Accumulation, Manipulation, Distribution, and Continuation/Reversal) along with key support and resistance levels within those sessions. Additionally, it allows customization of boxes, lines, labels, and colors to suit user preferences. Main Features Cycle Phases: Accumulation (1900-0100): Represents the phase where large operators accumulate positions. Manipulation (0100-0700): Identifies potential manipulative moves to mislead retail traders. Distribution (0700-1300): The phase where large operators distribute their positions. Continuation/Reversal (1300-1900): Indicates whether the price continues the trend or reverses. 90-Minute Quarters (Q1-Q4): Divides each 6-hour cycle (360 minutes) into four 90-minute quarters (Q1: 00:00-01:30, Q2: 01:30-03:00, Q3: 03:00-04:30, Q4: 04:30-06:00 UTC). Each quarter is displayed with a colored box (Q1: light purple, Q2: light blue, Q3: light gray, Q4: light pink) and labels (defaulted to black). Support and Resistance Visualization: Draws boxes or lines (based on settings) showing the high and low levels of each session. Optionally displays accumulated volume at the highs and lows within the boxes. Daily Lines and Last 3 Boxes: How to Use the Indicator Step 1: Add the Indicator to TradingView Open TradingView and select the chart where you want to apply the indicator (e.g., UMG9OOR on a 5-minute timeframe, as shown in the screenshot). Go to the Pine Editor (at the bottom of the TradingView interface). Copy and paste the provided code. Click Compile and then Add to Chart. Step 2: Configure the Indicator Click on the indicator name on the chart ("CYCLE") and select Settings (or double-click the name). Adjust the options based on your needs: Cycle Phases: Enable/disable phases (Accumulation, Manipulation, Distribution, Continuation/Reversal) and adjust their time slots if needed. 90-Minute Quarters: Enable/disable quarters (Q1-Q4). Step 3: Interpret the Indicator Identify Cycle Phases: Observe the red boxes indicating the phases (Accumulation, Manipulation, etc.). The high and low levels within each phase are potential support/resistance zones. If volume is enabled, pay attention to the accumulated volume at highs and lows, as it may indicate the strength of those levels. Use the 90-Minute Quarters (Q1-Q4): The colored boxes (Q1-Q4) divide the day into 90-minute segments. Each quarter shows the price range (high and low) during that period. Use these boxes to identify price patterns within each quarter, such as breakouts or consolidations. The labels (Q1, Q2, etc.) help you track time and anticipate potential moves in the next quarter. Analyze Support and Resistance: The high and low levels of each phase/quarter act as support and resistance. Daily lines (if enabled) show key levels from the previous day, useful for planning entries/exits. The "last 3 boxes below price" (if enabled) highlight potential support levels the price might target. Avoid Manipulation: During the Manipulation phase (0100-0700), be cautious of sharp moves or false breakouts. Use the high/low levels of this phase to identify potential traps (as explained in your first question about manipulation candles). Step 4: Trading Strategy Entries and Exits: Support/Resistance: Use the high/low levels of phases and quarters to set entry or exit points. For example, if the price bounces off a Q1 support level, consider a buy. Breakouts: If the price breaks a high/low of a quarter (e.g., Q2), wait for confirmation to enter in the direction of the breakout. Volume: If accumulated volume is high near a key level, that level may be more significant. Risk Management: Place stop-loss orders below lows (for buys) or above highs (for sells) identified by the indicator. Avoid trading during the Manipulation phase unless you have a specific strategy to handle false breakouts. Time Context: Use the quarters (Q1-Q4) to plan your trades based on time. For example, if Q3 is typically volatile in your market, prepare for larger moves between 03:00-04:30 UTC. Step 5: Adjustments and Testing Test on Different Timeframes: The indicator is set for a 5-minute timeframe (as in the screenshot), but you can test it on other timeframes (e.g., 1-minute, 15-minute) by adjusting the time slots if needed. Adjust Colors and Styles: If the default colors are not visible on your chart, change them for better clarity. --- 📌 1. **Accumulation: Strong Institutional Activity** - During the **accumulation phase, we see **high volume: 82.773K, which suggests strong buying interest**, likely from institutional players. - This sets the base for the following upward move in price. --- 📌 2. **Manipulation: False Breakout with Lower Volume** - Later, there's a manipulation phase where price breaks above previous highs, but the volume (71.814K) is **lower than during accumulation**. - This implies that buyers are not as aggressive as before—no real demandbehind the breakout. - It’s likely a bull trap, where smart money is selling into the breakout to exit their positions. --- ### 📌 3. Distribution: Weakness and Lack of Demand - The market enters a distribution phase, and volume drops even further (only 7.914K). - Price struggles to go higher, and you start seeing rejections at the top. - This shows that demand is drying up, and smart money is offloading positions**—not accumulating anymore. --- ### 💡 Why Take the Short Here? - Volume is not increasing with new highs—showing weak demand**. - The manipulation volume is weaker than the accumulation volume, confirming the breakout was likely false. - Structure starts to break down (Q levels falling), which confirms weakness. - This creates a high-probability short setup: - **Entry:** after confirmation of distribution and structural breakdown. - **Stop loss:** above the manipulation high. - **Target:** down toward previous lows or value zones. --- ### ✅ Conclusion Since the manipulation volume failed to exceed the accumulation volume, the breakout lacked real strength. Combined with decreasing volume in the distribution phase, this indicates fading demand and supply taking control—which justifies entering a short position.
Wskaźnik Pine Script®
od anarkiacapital
1
Tomorrow Floor Pivots with CPR By Nifty ZThe colors for resistance and support levels have been updated to gradient reds and greens for clearer distinction. The CPR band uses light blue and purple to stand out more effectively. Here's a detailed explanation of the user inputs and the typical use of **Floor Pivots for Tomorrow’s Market Range** in a trading context, focusing on support, resistance, and breakout scenarios: The script allows traders to customize key parameters for their analysis: 1. Pivot Timeframe: - Users can select different timeframes for calculating floor pivots, such as 1 hour, 4 hours, daily, weekly, monthly, etc. - This is crucial because the timeframe selection influences the granularity of the support and resistance levels for the next trading day. - For instance, selecting a **Daily** timeframe will calculate floor pivots for the next trading day, while selecting **Weekly** will give levels for the upcoming week. 2. Show Floor Pivots: - Users can toggle the visibility of the calculated **Floor Pivots**, which include resistance levels (R1, R2, R3, R4) and support levels (S1, S2, S3, S4). 3. Show CPR (Central Pivot Range): - CPR (Central Pivot Range) is a key area where the price tends to consolidate. - The script allows users to enable or disable the visibility of CPR, which consists of the BC (Bottom Central Pivot) and TC (Top Central Pivot). 4. Show Labels: - Users can choose whether or not to display labels indicating the **Pivot**, **Support**, and Resistance levels on the chart. This can be helpful for visual analysis when day trading. Understanding Floor Pivots The Floor Pivots (Pivot, Resistance, and Support levels) for tomorrow's market range are calculated based on today’s high, low, and close. These levels help traders anticipate how the market may behave in the upcoming session. 1. Pivot: - The Pivot Point is a central level, calculated as the average of the high, low, and close. It’s considered a reference point that determines the market’s overall bias. - If the price is trading **above the pivot**, it generally suggests a **bullish** sentiment for the day. - If the price is trading **below the pivot**, it suggests a **bearish** sentiment. 2. Resistance Levels (R1, R2, R3, R4): - R1 is often the first area where price may stall in an uptrend. It represents the first major resistance level. - **R2**, **R3**, and **R4** mark additional levels of resistance, progressively further away from the current price. These are used to project potential upward targets. - These resistance levels are areas where the price might encounter selling pressure, especially during day trading. 3. **Support Levels (S1, S2, S3, S4):** - Similarly, **S1** is the first area where the price might find support in a downtrend. - **S2**, **S3**, and **S4** provide deeper support levels where the price may bounce from. - These support zones are used by day traders to anticipate where the price might reverse upward. ### **Role of Resistance and Support in Day Trading** - **Resistance Levels (R1, R2, R3, R4)** indicate potential areas where price could **stall** during an uptrend. These levels are useful for **short-term traders** looking to set exit points or identify reversal zones. - **Support Levels (S1, S2, S3, S4)** highlight areas where the price could **find support** and potentially **bounce** higher. These levels are particularly helpful for identifying buy zones in a downtrend. - If a price **breaks out** above the resistance levels or **breaks down** below the support levels, it often signals a strong trend continuation. ### **Understanding the Central Pivot Range (CPR)** The **CPR** is formed by two key levels: - **BC (Bottom Central Pivot):** The midpoint of the day’s high and low. - **TC (Top Central Pivot):** The difference between the pivot and BC. The CPR acts as a region of **consolidation** or **indecision** where the market is likely to stay within a narrow range. The width of the CPR gives traders a sense of volatility: - A **narrow CPR** often signals that a **breakout** is imminent. - A **wider CPR** suggests that the market could remain range-bound. ### **Market Sentiment Based on Floor Pivots** The relationship between **today’s** and **tomorrow’s pivots** is crucial in determining the market sentiment for the next day. 1. **Bullish Case (Higher Highs):** - If **tomorrow's pivot** is higher than **today's pivot**, it indicates a **bullish sentiment**. This suggests that the market is likely to trend upward in the next session. - In a **bullish overlapping pivot range**, if **Day 1 (today)** is higher than **Day 2 (tomorrow)**, traders expect continued upward momentum. 2. **Bearish Case (Lower Lows):** - Conversely, if **tomorrow's pivot** is lower than **today's pivot**, it suggests a **bearish sentiment** and that the market could trend downward in the next session. - In a **bearish overlapping pivot range**, if **Day 1 (today)** is lower than **Day 2 (tomorrow)**, traders expect continued downward pressure. ### **Breakout Scenarios** A breakout occurs when the price **violates either the support or resistance levels** significantly, indicating that the price is moving in the direction of the breakout. 1. **Bullish Breakout:** - If the price consistently stays **above the CPR** and **resistance levels (R1, R2)**, it indicates a strong **bullish breakout**. - This is especially true when the **CPR is narrow** for both days, signaling a buildup in price action and a potential breakout to the upside. 2. **Bearish Breakout:** - If the price breaks **below the CPR** and **support levels (S1, S2)**, it indicates a **bearish breakout**. - A narrow CPR on **both days** suggests that a breakout to the downside could be imminent. 3. **Neutral or Ranging Days:** - Sometimes, the CPR stays **unchanged** for 4-5 days, indicating a period of **consolidation** where the price is moving within a tight range. This often leads to a significant breakout once the consolidation ends. Strategic Application of Floor Pivots for Tomorrow Traders use floor pivots to plan their next-day trades by: - **Aligning with Market Sentiment:** Based on whether tomorrow’s pivot is higher or lower than today’s, traders can align their trades in the direction of the market’s overall bias. - **Identifying Entry and Exit Points:** Resistance and support levels provide well-defined areas to enter or exit trades, making pivots essential for day trading strategies. - **Anticipating Breakouts:** Monitoring the width of the CPR and the relation between pivots helps traders anticipate potential breakouts, allowing them to react quickly to sudden price movements. By effectively using these pivots and understanding their significance, traders can improve their decision-making for short-term trades in the stock or futures markets.
Wskaźnik Pine Script®
od niftyZ
EAOBS by MIGVersion 1 1. Strategy Overview Objective: Capitalize on breakout movements in Ethereum (ETH) price after the Asian open pre-market session (7:00 PM–7:59 PM EST) by identifying high and low prices during the session and trading breakouts above the high or below the low. Timeframe: Any (script is timeframe-agnostic, but align with session timing). Session: Pre-market session (7:00 PM–7:59 PM EST, adjustable for other time zones, e.g., 12:00 AM–12:59 AM GMT). Risk-Reward Ratios (R:R): Targets range from 1.2:1 to 5.2:1, with a fixed stop loss. Instrument: Ethereum (ETH/USD or ETH-based pairs). 2. Market Setup Session Monitoring: Monitor ETH price action during the pre-market session (7:00 PM–7:59 PM EST), which aligns with the Asian market open (e.g., 9:00 AM–9:59 AM JST). The script tracks the highest high and lowest low during this session. Breakout Triggers: Buy Signal: Price breaks above the session’s high after the session ends (7:59 PM EST). Sell Signal: Price breaks below the session’s low after the session ends. Visualization: The session is highlighted on the chart with a white background. Horizontal lines are drawn at the session’s high and low, extended for 30 bars, along with take-profit (TP) and stop-loss (SL) levels. 3. Entry Rules Long (Buy) Entry: Enter a long position when the price breaks above the session’s high price after 7:59 PM EST. Entry price: Just above the session high (e.g., add a small buffer, like 0.1–0.5%, to avoid false breakouts, depending on volatility). Short (Sell) Entry: Enter a short position when the price breaks below the session’s low price after 7:59 PM EST. Entry price: Just below the session low (e.g., subtract a small buffer, like 0.1–0.5%). Confirmation: Use a candlestick close above/below the breakout level to confirm the entry. Optionally, add volume confirmation or a momentum indicator (e.g., RSI or MACD) to filter out weak breakouts. Position Size: Calculate position size based on risk tolerance (e.g., 1–2% of account per trade). Risk is determined by the stop-loss distance (10 points, as defined in the script). 4. Exit Rules Take-Profit Levels (in points, based on script inputs):TP1: 12 points (1.2:1 R:R). TP2: 22 points (2.2:1 R:R). TP3: 32 points (3.2:1 R:R). TP4: 42 points (4.2:1 R:R). TP5: 52 points (5.2:1 R:R). Example for Long: If session high is 3000, TP levels are 3012, 3022, 3032, 3042, 3052. Example for Short: If session low is 2950, TP levels are 2938, 2928, 2918, 2908, 2898. Strategy: Scale out of the position (e.g., close 20% at TP1, 20% at TP2, etc.) or take full profit at a preferred TP level based on market conditions. Stop-Loss: Fixed at 10 points from the entry. Long SL: Session high - 10 points (e.g., entry at 3000, SL at 2990). Short SL: Session low + 10 points (e.g., entry at 2950, SL at 2960). Trailing Stop (Optional):After reaching TP2 or TP3, consider trailing the stop to lock in profits (e.g., trail by 10–15 points below the current price). 5. Risk Management per Trade: Limit risk to 1–2% of your trading account per trade. Calculate position size: Account Size × Risk % ÷ (Stop-Loss Distance × ETH Price per Point). Example: $10,000 account, 1% risk = $100. If SL = 10 points and 1 point = $1, position size = $100 ÷ 10 = 0.1 ETH. Daily Risk Limit: Cap daily losses at 3–5% of the account to avoid overtrading. Maximum Exposure: Avoid taking both long and short positions simultaneously unless using separate accounts or strategies. Volatility Consideration: Adjust position size during high-volatility periods (e.g., major news events like Ethereum upgrades or macroeconomic announcements). 6. Trade Management Monitoring :Watch for breakouts after 7:59 PM EST. Monitor price action near TP and SL levels using alerts or manual checks. Trade Duration: Breakout lines extend for 30 bars (script parameter). Close trades if no TP or SL is hit within this period, or reassess based on market conditions. Adjustments: If the market shows strong momentum, consider holding beyond TP5 with a trailing stop. If the breakout fails (e.g., price reverses before TP1), exit early to minimize losses. 7. Additional Considerations Market Conditions: The 7:00 PM–7:59 PM EST session aligns with the Asian market open (e.g., Tokyo Stock Exchange open at 9:00 AM JST), which may introduce higher volatility due to Asian trading activity. Avoid trading during low-liquidity periods or extreme volatility (e.g., major crypto news). Check for upcoming events (e.g., Ethereum network upgrades, ETF decisions) that could impact price. Backtesting: Test the strategy on historical ETH data using the session high/low breakouts for the 7:00 PM–7:59 PM EST window to validate performance. Adjust TP/SL levels based on backtest results if needed. Broker and Fees: Use a low-fee crypto exchange (e.g., Binance, Kraken, Coinbase Pro) to maximize R:R. Account for trading fees and slippage in your position sizing. Time zone Adjustment: Adjust session time input for your time zone (e.g., "0000-0059" for GMT). Ensure your trading platform’s clock aligns with the script’s time zone (default: America/New_York). 8. Example Trade Scenario: Session (7:00 PM–7:59 PM EST) records a high of 3050 and a low of 3000. Long Trade: Entry: Price breaks above 3050 (e.g., enter at 3051). TP Levels: 3063 (TP1), 3073 (TP2), 3083 (TP3), 3093 (TP4), 3103 (TP5). SL: 3040 (3050 - 10). Position Size: For a $10,000 account, 1% risk = $100. SL = 11 points ($11). Size = $100 ÷ 11 = ~0.09 ETH. Short Trade: Entry: Price breaks below 3000 (e.g., enter at 2999). TP Levels: 2987 (TP1), 2977 (TP2), 2967 (TP3), 2957 (TP4), 2947 (TP5). SL: 3010 (3000 + 10). Position Size: Same as above, ~0.09 ETH. Execution: Set alerts for breakouts, enter with limit orders, and monitor TPs/SL. 9. Tools and Setup Platform: Use TradingView to implement the Pine Script and visualize breakout levels. Alerts: Set price alerts for breakouts above the session high or below the session low after 7:59 PM EST. Set alerts for TP and SL levels. Chart Settings: Use a 1-minute or 5-minute chart for precise session tracking. Overlay the script to see high/low lines, TP levels, and SL levels. Optional Indicators: Add RSI (e.g., avoid overbought/oversold breakouts) or volume to confirm breakouts. 10. Risk Warnings Crypto Volatility: ETH is highly volatile; unexpected news can cause rapid price swings. False Breakouts: Breakouts may fail, especially in low-volume sessions. Use confirmation signals. Leverage: Avoid high leverage (e.g., >5x) to prevent liquidation during volatile moves. Session Accuracy: Ensure correct session timing for your time zone to avoid misaligned entries. 11. Performance Tracking Journaling :Record each trade’s entry, exit, R:R, and outcome. Note market conditions (e.g., trending, ranging, news-driven). Review: Weekly: Assess win rate, average R:R, and adherence to the plan. Monthly: Adjust TP/SL or session timing based on performance.
Wskaźnik Pine Script®
od levijames7