High-Probability Buy/Sell with Levels

19 小時前

This Pine Script indicator generates Buy and Sell signals based on dynamic manipulation and distribution levels derived from daily price data. It is designed for intraday traders seeking high-probability trades with clear stop-loss and take-profit levels, targeting minimum 50-100 point moves.

Key Features:
Manipulation & Distribution Levels:

Manipulation Plus: A quarter above the daily range added to the daily open.
Manipulation Minus: A quarter below the daily range subtracted from the daily open.
These levels signify areas of price breakout or reversal.
Signal Logic:

Buy Signal: Triggered when the price crosses above manipulation_plus.
Sell Signal: Triggered when the price crosses below manipulation_minus.
Signals are filtered to ensure they correspond to potential 50-100 point moves.
Stop Loss & Take Profit:

Stop Loss: Positioned at the opposite manipulation level (e.g., manipulation_minus for a buy signal).
Take Profit: Positioned at the manipulation level + threshold (e.g., manipulation_plus + 100 points).
Limited Signals:

The script ensures no more than 1-3 valid signals per session to avoid overtrading.
Visual Elements:

Buy (Green Label) and Sell (Red Label) signals appear on the specific candle for entry.
Stop Loss (Red Circles) and Take Profit (Green Circles) are plotted for clarity.
Customization:

The threshold for moves can be adjusted (default: 100 points).
How to Use:
Identify Signals:

Wait for a Buy or Sell signal on the chart.
Place a trade accordingly, aligning your entry with the label.
Manage Risk:

Set your stop loss and take profit at the suggested levels to manage risk and reward effectively.
High-Probability Trades:

Focus on limited trades per session for precision and to avoid noise.
This script is ideal for intraday traders looking for simplicity and a structured approach to target large moves in price. Let me know if further adjustments are needed!