INVITE-ONLY SCRIPT

PriceCatch BOSS IO

已更新

Hi TradingView Community.

I am publishing a script that uses a proprietary logic based on Fibonacci retracement for identifying breakouts. This is a script that focuses on long side trades only.

PriceCatch BOSS IO: - PriceCatch Breakout Screener Script (Invite Only).
This script is not an indicator that plots anything on the chart but is a Screener.

SLIPPED OPPORTUNITIES
One of the problems faced by traders is that while they are watching or studying the chart of one stock or Forex pair, a super opportunity slips by them in another stock or another instrument and it is frustrating when that happens. With the PriceCatch BOSS IO script, you can now capture such moves made by other symbols whilst you are watching some other instrument.

USP:
The uniqueness of this script is that you can screen Nine of your favorite symbols for breakout opportunities simultaneously.

Users can pick Nine symbols of their choice and specify a resolution in the Settings dialog screen that the script will use to find out any probable breakouts in those selected nine symbols continuously.

The symbols could be from any exchange across the world and of any type - stocks, futures, commodities, Forex and Crypto. Simply put, if you can plot the symbol in TradingView, PriceCatch BOSS can monitor that instrument for breakouts on the time interval chosen by you.

ACTIONABLE INFORMATION:
What traders look for and expect from their charts is actionable information. This script does that. It clearly tells you the Entry Price and Stop Loss price for each symbol when a breakout opportunity presents itself in that symbol. You can then open up the chart of that specific symbol to validate the given information with any other indicators that you use and then take the call with regards to a trade. You may also use this script alone without adding any other indicator to your chart. The choice is yours.

CLARITY BEFORE TRADE:
As both Entry Price and Stop Loss Price are identified by the script, you receive advance information about the risk and can set your own Reward based on your personal preferences. So, with the necessary information provided to you in advance, you can plan your trades with clarity.

HOW IT WORKS:[/B]
Once the list of symbols are selected and resolution chosen, the script then continuously monitors those given symbols for breakout opportunities. At the close of every interval, it presents the results as shown below:

Results Set
This script shows the results of the screening in a Table as under:

SYMBOL Entry Price Stop Price

TSLA 830.84 802.88
EURUSD 1.13425 1.13160

Similarly for seven more instruments chosen by you.
NOTE: 0.00 under Entry and Stop price columns mean that there is no opportunity in that symbol.

ADVANTAGE:
The advantage of this script is that it helps you spot trades in your favorite symbols without manually loading their charts. With the ability to screen the symbols from Intraday time frames to higher time frames such as Weekly, you will be able to spot opportunities to go long in intraday, swing and even positional trades of longer duration.

Another significant advantage of this script is that while you may be watching a symbol in, say 15 minutes time frame, you can set the script to monitor breakouts in any other higher time frame starting from 15 minutes. This, in effect, gives you unsurpassed advantage.

DISCIPLINE:
As you choose your nine instruments/assets, the script indirectly inculcates discipline as your attention will be only on the selected instruments and you will not be distracted or search for opportunities in a whole bunch of other symbols / assets / instruments. As you can at any time change the set of nine assets as per your personal preference, you get the flexibility that you seek to work with a different set of symbols. For Forex traders who like to monitor only Major Pairs the ability to scan Nine pairs is quite sufficient. Similarly, to traders who trade S&P500, ES1! and other instruments, the nine symbols flexibility is adequate.

LONG POSITION TOOL
For visual cues, you may use the Long Position tool to set the Entry, Stop and Targets as per your preference on the main chart.

TRICK:
Can I only screen nine instruments? What if I am interested to screen more? Actually, you can screen more instruments. You see, you can add this script on to your chart multiple times and can select a set of nine unique stocks per script instance. That way you can actually screen more than nine stocks!

EXAMPLES:

Nifty 50

TSLA

Maruti

USDJPY

MSFT

UI
The script allows you to fine tune display options as per your personal preferences.

NOTE: This script runs in a separate pane without obstructing the view of your main chart.

NOTE: The formatting of price is based on mintick. As a result, since Forex and Crypto have more number of digits after the Decimal, if your screener list consists of a mix of stocks, Forex and Crypto - please change to a Forex chart to get the correct Forex price and to Crypto for correct Crypto price and so on.

NOTE: You will not get accurate results if you are in a higher time frame chart and the Screener resolution is set to lower time frame. For example, if chart is in 15 MTF and Screener resolution is set to 3 MTF, the results may not be accurate.

TIP: If you have added this script multiple times to your chart, then you may have to maximize the pane to view the results table.

NOTE - PRIOR TO USING THIS SCRIPT:
Please remember that the script is shared with absolutely no assurances about usability and any warranties whatsoever and as a responsible trader, please satisfy yourselves thoroughly and use it only if you are convinced it works for you. Remember, you are 100% responsible for your actions and must, therefore, do your due diligence before using this script and also before every trade. Profits and losses are part and parcel of trading activity and you are solely responsible for both. If you understand and accept that, you may use the script.

QUERIES/FEEDBACK
Please PM me.
Hope you find this script useful. Wish everyone all the best with trading.