Momentum Pull Back Stratergy

"Master Pull Back Strategy" is a highly detailed momentum and volume-based trading system designed for Trading View. It visually annotates the chart, detects buy/sell signals, tracks market phases, and evaluates retracements and confirmations. Below is a full breakdown of its logic and components:

🔷 1. Volume Profile Highlights (Arrow Emojis)
Purpose: Show volume strength vs. average using color-coded arrows.

Calculates average volume over a user-defined period (length = 10).

Divides current volume by average volume to get volRatio.

Based on volRatio, plots small arrows (acting like diamonds) in various colors:

Low volume (black, navy, blue...) to high volume (yellow, red, purple).

Visual Purpose: Give a quick sense of how "loud" or "quiet" a candle's volume is.

📈 2. Highs of Day Tracking
Purpose: Track the high price reached during different trading sessions.

Defines pre-market, regular, and post-market sessions.

Tracks the highest price (high) in each session.

Plots colored lines:

Orange: Pre-market high

Red: Regular market high

Blue: Post-market high

🟩 3. Green Candle Pattern Detection
Purpose: Detect bullish patterns formed by consecutive green candles.

Key Conditions:
Count green candles (greenCount) until a red candle appears or 10 candles max.

Require at least 1 silver-or-above volume candle (volRatio >= 1.0).

Must have ≥3% price gain during the green sequence.

Must accumulate >20,000 volume during the green run.

If Valid:
Locks the pattern.

Records important values:

patternStartPrice, patternEndPrice, totalPatternVolume, patternHigh, patternBars[]

Marks the bar after which red starts (redStartBar)

⬇️ 4. Retracement Monitoring
Purpose: Track retracement from the pattern high after it locks.

Defines retracement percentage:
(greenPatternHigh - low) / (greenPatternHigh - greenPatternLow)

If retracement exceeds 80%, it invalidates the pattern.

Buy signal is disabled if pattern retraces too far.

✅ 5. Buy Signal Logic
Purpose: Fire a buy signal after pattern lock if price breaks above local high.

Conditions:
Pattern is locked (patternLocked).

Price breaks above a short-term high (triggerBreak).

It's not the first red candle.

Price is within 8.5% above EMA9.

Buy signal fires and:

Sets buyActive = true

Tracks highest price after buy

Stores buyPrice = close

❌ 6. Sell Signal Logic
Purpose: Exit signal after retracement from post-buy high.

While buy is active:

If price retraces ≥3% from the post-buy high → sellSignal = true

Resets buyActive, trackedHigh, and buyPrice

Plots a red "SELL" label above the bar.

🎨 7. Buy Signal Visual Color Coding
Purpose: Color buy signal based on how deep the retracement is.

Uses retracement percentage:

≥65% → Red (high risk)

45–65% + MACD bullish → Yellow (moderate)

<45% + MACD bullish → Green (ideal)

Plots BUY label below bar in the respective color.

🔻 8. Retracement Triangle Visuals
Purpose: Shows retracement progression while pattern is locked.

If pattern is locked and not ready for buy:

Plots triangle below bar in the buyColor for visual tracking.

⭐ 9. Star Markers Above Lock Candle
Purpose: Confirmations when pattern locks.

First Star:
Plotted above the first red candle after green pattern lock.

Second Star (⭐⭐):
Additional confirmations:

Volume OK (less than previous)

MACD bullish

Price > VWAP

VolAtLock > 100K

Price up >6% from first green candle

Price below 75% of daily EMA200 or above EMA200

Third Star (⭐⭐⭐):
Even stricter confirmations:

Volume < 60% of previous

High <= previous high

VolAtLock > 500K

Price > $3

Gain >9% from first green

Price < 50% of daily EMA200 or above EMA200

📊 10. Bar Coloring
Purpose: Visually highlight bars based on pattern phase and MACD.

Gray: MACD Bearish

Light Green: Part of active green pattern

Blue: In locked phase but no buy triggered

🔄 11. Reset Logic
Purpose: Clears all tracking variables once a buy signal fires or pattern is invalidated.

Also resets if:

Retracement is too deep

10 candles pass post-lock without a trigger

⛰️ 12. Double Top Detection
Purpose: Basic visual marker when current high == previous high.

Plots a gray triangle if current and previous bar highs match.

📌 Summary: What This Strategy Shows
Buy Opportunities: Based on high-volume green runs and confirmed breakouts.

Sell Triggers: Once a retracement from peak exceeds 3%.

Visuals for Confirmation:

Diamonds for volume

Stars for lock confidence

Colors for retracement strength

Risk Management:

Retracement filtering

Time limits on locked phases

Volume filters

Market Context: Tracks pre/regular/post market highs and daily EMA 200.