Angkol Strategy

1月10日

Key Components:
Time Zones:

Kill Zone: A specific time window during which the strategy tracks price action for potential signals.
You can modify the start and end time of this kill zone with a time zone offset for your preferred market hours (e.g., New York).
Entry Restriction Zone: A time window during which entry signals are restricted (i.e., no entries are allowed). You can modify the start and end time for this restriction.
Trade Biases:

Sell Bias: Occurs when the price breaks the previous day's kill zone high.
Buy Bias: Occurs when the price breaks the previous day's kill zone low.
Trade Signals:

Bearish Signal (Sell): Triggered when:
A Bearish Engulfing pattern occurs (where the current bar closes lower than it opens and it engulfs the previous bar).
A Bearish Order Block forms (where the previous candle is bullish and the current one closes below the previous low).
The price breaks the previous day’s kill zone high.
The signal is outside the entry restriction window.
Bullish Signal (Buy): Triggered when:
A Bullish Engulfing pattern occurs (where the current bar closes higher than it opens and it engulfs the previous bar).
A Bullish Order Block forms (where the previous candle is bearish and the current one closes above the previous high).
The price breaks the previous day’s kill zone low.
The signal is outside the entry restriction window.
Plotting:

Kill Zone Background: The chart’s background turns blue during the kill zone to visually highlight the target time window.
Buy/Sell Signals: Buy and sell signals are marked on the chart using small upward and downward labels.
Previous Day's High/Low: The high and low from the previous day’s kill zone are plotted on the chart for reference.
Alerts:

Alerts for Buy and Sell Signals: Alerts are triggered when either buy or sell signals are generated, based on your conditions.
Customization:
Time Zone Offset: Adjusts the entire strategy to the desired time zone (e.g., New York time).
Kill Zone: You can adjust the start and end times of the kill zone, reflecting the active market session.
Entry Restriction Window: You have control over the start and end times of the entry window, ensuring no trades are executed during this period.
Goal:
Your strategy aims to capture buy or sell opportunities after the price breaks key levels (previous day’s high/low) within specific time windows (the kill zone and entry restriction zone). You focus on order block and engulfing candle patterns to validate entries.

1月12日

發行說明

1. Kill Zone (Time-Based Setup)
The Kill Zone refers to a specific time window during the trading day when price action is often more volatile, offering potentially higher probability trades. In your case, the Kill Zone is set to be between 10:30 AM and 4:45 PM (New York Time), though you can adjust this based on your preferences or trading style.
This time frame typically encompasses the most active period of the market, where key moves or reversals can occur.
2. Signal Conditions
Your strategy looks for specific chart patterns and market conditions to trigger buy or sell signals:

Bullish Signals (Buy Signals):

Bullish Engulfing Pattern: A bullish engulfing is a candlestick pattern where a small red candle is followed by a larger green candle that completely engulfs the red one. This is seen as a sign of potential price reversal to the upside.
Bullish Order Block: A bullish order block is identified when price forms a bullish move, followed by a pullback and then a higher low. This pattern signals strong buying pressure in the market.
Buy Bias Condition: A buy signal is more likely if the price breaks below the previous day’s Kill Zone low, indicating potential market reversal or continuation after a pullback.
Buy Signal Trigger: A buy signal is triggered when one of the bullish patterns (engulfing or order block) appears after the Buy Bias Condition is met, and the signal occurs outside the kill zone and entry restriction window.
Bearish Signals (Sell Signals):

Bearish Engulfing Pattern: A bearish engulfing is a candlestick pattern where a small green candle is followed by a larger red candle that completely engulfs the green one. This suggests potential price reversal to the downside.
Bearish Order Block: A bearish order block is identified when price forms a bearish move, followed by a pullback and then a lower high. This signals strong selling pressure in the market.
Sell Bias Condition: A sell signal is more likely if the price breaks above the previous day’s Kill Zone high, indicating potential market reversal or continuation after a price breakout.
Sell Signal Trigger: A sell signal is triggered when one of the bearish patterns (engulfing or order block) appears after the Sell Bias Condition is met, and the signal occurs outside the kill zone and entry restriction window.
3. Entry Restriction Window
You’ve included an entry restriction window between 8:00 AM and 6:00 PM (New York Time). This is a time period when you may avoid entering trades to reduce the risk of false signals or market noise.
4. Order Block Logic
An Order Block is a concept from market structure that identifies areas of supply or demand where significant institutional orders might have been placed.
You track bearish order blocks (sellers entering the market after a higher high) and bullish order blocks (buyers entering the market after a lower low) to find areas of potential price reversals or continuation.
5. Time Zone Offset
The Time Zone Offset is a customizable input that allows you to adjust the strategy for different time zones. By default, it's set to -5 (New York time), but it can be adjusted for other regions like London, Tokyo, etc.
6. Signal Plotting
Buy Signals: When a buy condition is met, a "BUY" label is plotted below the bar in a white color.
Sell Signals: When a sell condition is met, a "SELL" label is plotted above the bar in a yellow color.
Additionally, the previous day’s Kill Zone high and low are plotted as reference lines for support and resistance.
7. Background Highlighting
The Kill Zone is highlighted with a blue background to visually mark the period when you’re focusing on price action.
Weekends are highlighted with a gray background to mark non-trading periods.
Summary of the Strategy:
Kill Zone: Focus on the time period from 10:30 AM to 4:45 PM (NY time) to capture high probability trades based on market volatility.
Signal Triggers: Look for bullish or bearish engulfing patterns and order block setups when price breaks the previous day’s kill zone high or low.
Entry Window Restrictions: Avoid trading during the entry restriction window from 8:00 AM to 6:00 PM to reduce exposure to false signals.
Buy/Sell Conditions: Focus on breaking highs/lows from the previous day and combine these breaks with confirmation from candlestick patterns and market structure for trade entries.

1月12日

發行說明

Key Components:
Market Structure Detection (HH, HL, LH, LL):

The script identifies swing highs and swing lows based on a specified length (default 10).
It labels the market structure as:
HH (Higher High): Occurs when a new swing high is detected, higher than the previous swing high.
HL (Higher Low): Occurs when a new swing low is detected, higher than the previous swing low.
LH (Lower High): Occurs when a new swing high is lower than the previous one.
LL (Lower Low): Occurs when a new swing low is lower than the previous one.
These labels help track the trend and the market's underlying structure.
New York Kill Zone:

The script highlights the New York Kill Zone, which is the period from 10:30 AM to 4:45 PM EST (or adjusted based on your chosen time zone offset).
During this time window, it tracks the highest and lowest prices, marking them as the Kill Zone High and Kill Zone Low.
The background turns blue during the kill zone to provide a visual cue.
Entry Criteria:

Sell Signal: A sell signal is triggered when:
The price breaks above the Kill Zone High.
There is a bearish engulfing or bearish order block pattern.
The signal occurs outside the kill zone, ensuring it’s not within restricted trading hours.
Buy Signal: A buy signal is triggered when:
The price breaks below the Kill Zone Low.
There is a bullish engulfing or bullish order block pattern.
The signal occurs outside the kill zone, ensuring it’s not within restricted trading hours.
Entry Restriction Window:

The strategy also includes an Entry Restriction Window, which prevents trades during certain times outside of the kill zone. For example, it may prevent trades from 8:00 AM to 6:00 PM based on your settings, avoiding noise and irrelevant price movements.
Trading Signals:
Buy Signal: When the price breaks below the Kill Zone Low and a bullish signal (like a bullish engulfing or bullish order block) is detected, and it occurs outside the kill zone.
Sell Signal: When the price breaks above the Kill Zone High and a bearish signal (like a bearish engulfing or bearish order block) is detected, and it occurs outside the kill zone.
Plotting:
Swing Highs (HH) and Swing Lows (LL) are labeled on the chart.
Buy and Sell signals are plotted as arrows or labels on the chart (Buy below bars, Sell above bars).
Kill Zone High and Low are plotted as green and red lines respectively.
The kill zone is visually marked with a blue background to highlight the time period.
Alerts:
Alerts are set up to notify you when a Buy Signal or Sell Signal occurs, based on the specified conditions.
Purpose:
The strategy helps identify key market structure levels (HH, HL, LH, LL) and trade within the New York Kill Zone based on price action patterns like engulfing candles and order blocks.
It aims to avoid trading during non-ideal periods (outside the kill zone) and provides visual cues and alerts to manage potential entries and exits.

1月12日

發行說明

Key Components:
Market Structure Detection (HH, HL, LH, LL):

The script identifies swing highs and swing lows based on a specified length (default 10).
It labels the market structure as:
HH (Higher High): Occurs when a new swing high is detected, higher than the previous swing high.
HL (Higher Low): Occurs when a new swing low is detected, higher than the previous swing low.
LH (Lower High): Occurs when a new swing high is lower than the previous one.
LL (Lower Low): Occurs when a new swing low is lower than the previous one.
These labels help track the trend and the market's underlying structure.
New York Kill Zone:

The script highlights the New York Kill Zone, which is the period from 10:30 AM to 4:45 PM EST (or adjusted based on your chosen time zone offset).
During this time window, it tracks the highest and lowest prices, marking them as the Kill Zone High and Kill Zone Low.
The background turns blue during the kill zone to provide a visual cue.
Entry Criteria:

Sell Signal: A sell signal is triggered when:
The price breaks above the Kill Zone High.
There is a bearish engulfing or bearish order block pattern.
The signal occurs outside the kill zone, ensuring it’s not within restricted trading hours.
Buy Signal: A buy signal is triggered when:
The price breaks below the Kill Zone Low.
There is a bullish engulfing or bullish order block pattern.
The signal occurs outside the kill zone, ensuring it’s not within restricted trading hours.
Entry Restriction Window:

The strategy also includes an Entry Restriction Window, which prevents trades during certain times outside of the kill zone. For example, it may prevent trades from 8:00 AM to 6:00 PM based on your settings, avoiding noise and irrelevant price movements.
Trading Signals:
Buy Signal: When the price breaks below the Kill Zone Low and a bullish signal (like a bullish engulfing or bullish order block) is detected, and it occurs outside the kill zone.
Sell Signal: When the price breaks above the Kill Zone High and a bearish signal (like a bearish engulfing or bearish order block) is detected, and it occurs outside the kill zone.
Plotting:
Swing Highs (HH) and Swing Lows (LL) are labeled on the chart.
Buy and Sell signals are plotted as arrows or labels on the chart (Buy below bars, Sell above bars).
Kill Zone High and Low are plotted as green and red lines respectively.
The kill zone is visually marked with a blue background to highlight the time period.
Alerts:
Alerts are set up to notify you when a Buy Signal or Sell Signal occurs, based on the specified conditions.
Purpose:
The strategy helps identify key market structure levels (HH, HL, LH, LL) and trade within the New York Kill Zone based on price action patterns like engulfing candles and order blocks.
It aims to avoid trading during non-ideal periods (outside the kill zone) and provides visual cues and alerts to manage potential entries and exits.