PROTECTED SOURCE SCRIPT

Professional Price Action Strategy [Session Filter]

162
STRATEGY ARCHITECTURE: PROFESSIONAL PRICE ACTION WITH INTRADAY PRECISION
1. DYNAMIC SUPPORT AND RESISTANCE ENGINE
The foundation of this strategy lies in its ability to identify High-Probability Zones rather than static lines.

Pivot-Point Integration: The script calculates Swing Highs and Lows over a user-defined period (defaulting to 15 bars). These represent historical turning points where institutional order flow has previously reversed.

Multi-Timeframe (MTF) Verification: By pulling data from a Higher Timeframe (HTF), such as the 30-minute chart, the strategy filters out "noisy" support levels on the 5-minute chart. Only levels respected by the "Big Picture" are utilized for entries.

Real-Time Recalculation: Levels are not static; they update dynamically at the start of every candle to adapt to expanding volatility or shifting market structures.

2. DURATION-SPECIFIC TRADING SESSIONS

To maximize profitability, the strategy focuses on Market Liquidity Windows.

NY Open Filter: Users can toggle a specific session (e.g., 09:30 – 16:00 EST). This ensures the strategy only operates when volume is highest, avoiding the "dead zones" of the Asian session where price often moves sideways.

Session Liquidation: A built-in safety mechanism automatically closes all open positions at the end of the trading day. This eliminates Overnight Gap Risk, ensuring your capital is not exposed to unpredictable news events during market close.

3. DUAL-MODE ENTRY MECHANISM
This strategy capitalizes on the two primary states of the market: Continuation and Reversal.

A. Volume-Confirmed Breakouts

Confirmation: Price must not only cross a resistance level but close above it.

Volume Surge:
To prevent "bull traps," the breakout candle must exhibit volume significantly higher than the average of the last 10 bars.

B. Candlestick-Confirmed Bounces

Pattern Alignment: The strategy scans for Hammer, Shooting Star, and Engulfing patterns specifically when the price is touching a HTF Support or Resistance level.

Validation:
A "bounce" is only valid if the candlestick pattern is completed, signaling that the level has successfully held and buyers or sellers have regained control.

4. INSTITUTIONAL-GRADE RISK MANAGEMENT

Consistency is achieved through mathematical discipline rather than guessing.

1:2 Risk-to-Reward Ratio (RR):
Every trade is mechanically programmed so that the potential profit is exactly twice the size of the potential loss. This means a win rate of even 40% can maintain a growing equity curve.

Dynamic Breakeven (BE) Trigger: As soon as the price reaches 50% of the way to the profit target, the Stop Loss is automatically moved to the Entry Price. This "locks in" a risk-free trade, protecting the initial capital.

Weekend Guardrail: Using the dayofweek function, the script completely halts all trading on Saturdays and Sundays. This protects the user from low-liquidity spikes and irregular weekend pricing.

5. VISUAL INTERFACE AND USER CUSTOMIZATION
The script is designed to be as informative as it is functional.

On-Chart Plotting:
HTF levels are drawn as continuous lines, allowing the trader to see "Headroom" (the distance to the next major resistance) at a glance.

Background Shading: The active trading session is highlighted with a light background tint, providing immediate visual feedback on whether the "Time Filter" is currently permitting trades.

免責聲明

這些資訊和出版物並非旨在提供,也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。