Renko Trend Reversal StrategyThis Pine Script implements a simple Renko-based trend reversal trading strategy for TradingView. Here’s what it does, broken down clearly:
🔍 Purpose
The script is a strategy (not just an indicator) designed to simulate trading based on Renko-style trend changes, using smoothed price data to detect entries and exits.
🧠 How It Works
1. Trend Detection Using SMAs
It uses two simple moving averages (SMAs) to simulate a Renko-like trend signal:
renko_trend = ta.sma(close, 2) > ta.sma(close, 10) ? 1 : -1
If the short-term SMA (2) is above the long-term SMA (10), the trend is considered bullish (1).
If below, it's bearish (-1).
2. Trend Reversal Detection
A trend change is detected using:
trend_change = ta.change(renko_trend)
It checks if the renko_trend has flipped since the previous candle.
3. Trade Entry Conditions
A long trade is entered when the trend changes to bullish.
A short trade is entered when the trend changes to bearish.
if long_condition
strategy.entry("Long", strategy.long)
if short_condition
strategy.entry("Short", strategy.short)
4. Exit Conditions
Exits are handled using a trailing stop:
strategy.exit(..., trail_points = 50, trail_offset = 20)
A trailing stop loss of 50 points is used, activating only after the price moves 20 points in favor of the trade.
📈 Visualization
It plots the current trend (1 or -1) on the chart as a blue line, which helps you see trend direction changes visually.
⚙️ Strategy Settings
Uses 10% of equity per trade (default_qty_value = 10).
Works on regular candlestick charts, but mimics a Renko-style trend-following behavior.
✅ Summary
This strategy:
Enters trades on trend reversals based on short-term vs. long-term SMA crossover.
Uses trailing stops for exits.
Mimics Renko behavior without using real Renko bricks—just SMA-based smoothing.
指標和策略
SuperTrade ST1 StrategyOverview
The SuperTrade ST1 Strategy is a long-only trend-following strategy that combines a Supertrend indicator with a 200-period EMA filter to isolate high-probability bullish trade setups. It is designed to operate in trending markets, using volatility-based exits with a strict 1:4 Risk-to-Reward (R:R) ratio, meaning that each trade targets a profit 4× the size of its predefined risk.
This strategy is ideal for traders looking to align with medium- to long-term trends, while maintaining disciplined risk control and minimal trade frequency.
How It Works
This strategy leverages three key components:
Supertrend Indicator
A trend-following indicator based on Average True Range (ATR).
Identifies bullish/bearish trend direction by plotting a trailing stop line that moves with price volatility.
200-period Exponential Moving Average (EMA) Filter
Trades are only taken when the price is above the EMA, ensuring participation only during confirmed uptrends.
Helps filter out counter-trend entries during market pullbacks or ranges.
ATR-Based Stop Loss and Take Profit
Each trade uses the ATR to calculate volatility-adjusted exit levels.
Stop Loss: 1× ATR below entry.
Take Profit: 4× ATR above entry (1:4 R:R).
This asymmetry ensures that even with a lower win rate, the strategy can remain profitable.
Entry Conditions
A long trade is triggered when:
Supertrend flips from bearish to bullish (trend reversal).
Price closes above the Supertrend line.
Price is above the 200 EMA (bullish market bias).
Exit Logic
Once a long position is entered:
Stop loss is set 1 ATR below entry.
Take profit is set 4 ATR above entry.
The strategy automatically exits the position on either target.
Backtest Settings
This strategy is configured for realistic backtesting, including:
$10,000 account size
2% equity risk per trade
0.1% commission
1 tick slippage
These settings aim to simulate real-world conditions and avoid overly optimistic results.
How to Use
Apply the script to any timeframe, though higher timeframes (1H, 4H, Daily) often yield more reliable signals.
Works best in clearly trending markets (especially in crypto, stocks, indices).
Can be paired with alerts for live trading or analysis.
Important Notes
This version is long-only by design. No short positions are executed.
Ideal for swing traders or position traders seeking asymmetric returns.
Users can modify the ATR period, Supertrend factor, or EMA filter length based on asset behavior.
Advanced Displacement Zone StrategyThis TradingView Pine Script strategy detects bullish and bearish displacement zones based on candle wicks, identifying potential buy and sell signals when price enters these zones. It automatically executes trades with a fixed take profit of 12 points and a stop loss of 1 point, plotting visual markers for entry and exit points
RePaNoCHa V5 1. Triple signal verification mechanism
Volatility track breakthrough: Accurately capture the breakthrough opportunity through the Range Filter dynamic track (hband/lband), and effectively filter out false breakthroughs with EMA smoothing
Momentum confirmation system: Use the improved RSI indicator (midline parameters are adjustable) to avoid the blunting problem of traditional RSI in extreme market conditions
Volume verification module: Original trading volume coefficient factor (cryptoVolFilter), intelligently identify abnormal volume behavior of altcoins
2. Professional-level risk control system
Compound stop loss strategy: integrating fixed stop loss (2%) and dynamic tracking stop loss (0.6%+1.2%), taking into account both risk control and profit margin
Volatility adaptive mechanism: Range multiplier parameter (mult=1.6) adjusts track width in real time to match the high volatility characteristics of cryptocurrencies
Forced liquidation protection: process_orders_on_close ensures that orders are executed at the closing price to avoid slippage risks
W/M Pattern + MACD/RSI Confirm Strategy V5.0 By ThaungkmitlW/M Pattern + MACD/RSI Confirm Strategy V5.0
Overview:
This strategy combines the power of W/M pattern detection, MACD crossovers, RSI confirmation, and Dynamic Market Filters like ATR and Volume to create a highly accurate trend reversal system. It is designed for traders who seek precision in entry and exit signals.
Key Features:
✅ W/M Pattern Detection (Double Bottom / Double Top)
✅ MACD Zero-Line Cross Confirmation
✅ RSI Threshold Filtering
✅ Dynamic ATR and Volume Filtering (Customizable)
✅ Trailing Stop, Take Profit, and Stop Loss Management
✅ Real-Time Alerts for Buy/Sell Signals
✅ Customizable Confirmation Settings
How It Works:
Buy Signal:
W Pattern detected (Double Bottom)
MACD crosses above zero
RSI is above the threshold
High Volatility (ATR Filter, if enabled)
High Volume (Volume Filter, if enabled)
Sell Signal:
M Pattern detected (Double Top)
MACD crosses below zero
RSI is below the threshold
High Volatility (ATR Filter, if enabled)
High Volume (Volume Filter, if enabled)
Risk Management:
Take Profit (TP) and Stop Loss (SL) based on points
Trailing Stop to lock in profits
Customizable Parameters:
Pivot Settings: Left and Right Bars for Pattern Detection
MACD Settings: Fast, Slow, and Signal Lengths
RSI Settings: Length and Threshold
ATR Settings: Length and Multiplier (Optional)
Volume Settings: SMA Length and Multiplier (Optional)
Alert Settings: Buy Only, Sell Only, or Both
Recommendations:
Use with high-liquidity assets (e.g., XAU/USD, BTC/USD)
Test on multiple timeframes to find optimal settings
Avoid using on non-standard charts like Heikin Ashi, Renko, or Point & Figure
Disclaimer:
Trading involves significant risk. Use this strategy at your own discretion and always practice proper risk management.
📚 คู่มือการใช้งาน (User Guide)
1. Basic Setup:
Add the script to your TradingView chart
Adjust Pivot, MACD, RSI, ATR, and Volume settings according to your trading style
2. Entry and Exit Logic:
Buy: W Pattern + MACD Cross Up + RSI > Threshold + High Volatility + High Volume
Sell: M Pattern + MACD Cross Down + RSI < Threshold + High Volatility + High Volume
3. Dynamic Filters:
Enable or disable ATR and Volume filters based on market conditions
Use ATR Multiplier to adjust the sensitivity of volatility confirmation
Use Volume Multiplier to filter out weak volume signals
4. Risk Management:
Set Take Profit and Stop Loss points to control risk
Use Trailing Stop to lock in profits as the market moves in your favor
5. Alerts Setup:
Choose Buy Only, Sell Only, or Both for alerts
Use alerts to automate trading or monitor key market conditions
Market Direction Analyzer (Markers Only)📘 Market Direction Analyzer (Markers Only) – Strategy Description
The Market Direction Analyzer is a precision trading strategy designed to identify strong bullish and bearish conditions using a confluence of momentum and trend indicators, with fully customizable risk management.
🧠 Core Signal Logic
Bullish Entry:
Fast EMA is above Slow EMA
MACD line is above Signal line
RSI is above the bullish threshold (default: 60)
Bearish Entry:
Fast EMA is below Slow EMA
MACD line is below Signal line
RSI is below the bearish threshold (default: 40)
⚙️ Risk Management Tools
Take Profit (TP): Based on ATR with user-defined multiplier
Stop Loss (SL): Optional fixed SL using ATR
Trailing Stop Loss: Optional ATR-based trailing logic
Multi-Timeframe ATR: Option to use ATR from higher timeframe for smoother volatility handling
📊 Visual Features
Optional BUY/SELL labels on candles
Optional circle markers to highlight entry points
Real-time alerts on signal triggers for automated notifications
🛠️ Customization
Enable or disable TP, SL, and Trailing SL independently
Choose between chart timeframe ATR or a custom one (e.g., 15m, 1H)
Visuals and alerts can be toggled via input settings
OneTrend Vegas TunnelWhat OneTrend Vegas Tunnel v1.0 actually does
The script overlays two medium‑term EMAs (144 & 169) to build a “Vegas” price tunnel, then confirms trend flips with a 12‑period Gaussian‑smoothed EMA — both price and the smoothed EMA must close outside the tunnel before colour changes. This dual confirmation eliminates most single‑bar whipsaws that plague classic MA strategies. A width filter hides signals when the tunnel compresses below 0.5 % of price, avoiding chop.
Key concepts & why it’s original
• Vegas‑style tunnel for structural trend (public concept).
• Gaussian filter (private implementation) reacts faster than SMA/EMA yet ignores one‑bar spikes.
• Dynamic chop blocker adapted from Keltner‑band research; width threshold auto‑scales to volatility.
Individually these are known tools, but the combination plus the strict “dual breach” rule and adaptive width filter produces extremely low flip counts (≤ 12 per year on daily TF) while still catching entire trend legs.
How to trade it (default strategy settings)
Exchange tested: Coinbase Advanced, pair SUI‑USD.
Time‑frame: Daily.
Position size: 1 % of equity per trade.
Commission: 0.1 %, Slippage: 0.05 %.
Entry: first bar closing blue above the tunnel.
Exit: colour flips pink and candle closes below lower band, or stop = Gaussian – 1 ATR.
Width filter on by default; disable if you scalp lower TFs.
Back‑test results (May 2023 → Apr 2025, 2 trades)
Net P&L: +1006 % (equity $10 k→$121 k).
Max draw‑down: ‑12.9 %.
Profit factor: ∞ (no losing trades).
Average hold: 143 days.
The sample size is only two trades because SUI trends in long, clean waves; users should evaluate longer data or lower time‑frames if they need more trades.
Risk disclaimer & vendor note
This indicator is invite‑only and sold on onetrend.app. It does not repaint or use hindsight logic. Results shown use realistic slippage/commission and 1 % risk per position; leverage is discouraged. Always forward‑test before trading live. We welcome constructive questions in the comments.
Market Direction Analyzer (Enhanced)📘 How to Use: Market Direction Analyzer (Enhanced)
This strategy helps traders identify strong market trends and trade entries based on a confluence of EMA crossovers, MACD momentum, RSI strength, and optional ADX trend filtering, multi-timeframe confirmation, and ATR-based exits.
🧠 Core Logic
Bullish Signal: Triggered when:
Fast EMA > Slow EMA
MACD line > Signal line
RSI > Bullish threshold (default: 60)
Bearish Signal: Triggered when:
Fast EMA < Slow EMA
MACD line < Signal line
RSI < Bearish threshold (default: 40)
🔧 Optional Features (Toggleable via Inputs)
✅ ADX Filter: Filters out signals in low-volatility or sideways markets (default ON).
✅ Multi-Timeframe EMA Filter: Confirms direction with higher timeframe trend (default ON).
✅ ATR-Based TP/SL: Automatically places take-profit and stop-loss based on current volatility (default ON).
✅ Trendlines: Plots simple trendlines on recent swing highs/lows.
✅ Direction Label: Displays “Bullish”, “Bearish”, or “Neutral” at the top of the chart.
🛠️ Customization Tips
Adjust the EMA, MACD, and RSI values based on your trading style (scalping, swing, etc.).
Use ADX threshold to increase or reduce sensitivity to trend strength.
Change higher timeframe input (e.g., "60" = 1H, "240" = 4H, "D" = daily) for broader confirmation.
Tweak ATR multipliers for more or less aggressive TP/SL targets.
🧪 Backtesting
This script is strategy-enabled, so you can:
Run it in TradingView’s strategy tester
Analyze performance metrics like win rate and net profit
Use the plotted markers and labels for visual confirmation
Nyeusi Edge v1.0 (Copygram Webhook Ready)MNQ Strat is a strategey that focuses on multiple systems to trigger the most efficient trades. Best used on the 1O Minute timeframe.
ATGRIDBOT_V1Hello Traders!
We need to make things better & better to solve the puzzle and I try to do my best on this way. now I am here with my new ATGRIDBOT script.
As you know, trend following is quite difficult. Constantly looking at the screen and following the trend is quite tiring. There should be an automation that will make life easier by eliminating trend following. I tried to automate this with this tool.
There are some option in the script, let see one by one:
Market Direction: to indicate the direction of the position (Long & Short - Long - Short)
Main Trend (Long - Short) Time Frame: to specify in which time Frame the trend will be followed.
Grid spacing: To specify the grid spacing of the grid bot.
Amount: indicates the size of the position to be opened.
Grid Amount: the amount that the grid bot will buy or sell per transaction.
important : It is important for the grid that alarms are set at 1 minute intervals.
DISCLAIMER: No sharing, copying, reselling, modifying, or any other forms of use are authorized for our documents, script / strategy, and the information published with them. This informational planning script / strategy is strictly for individual use and educational purposes only. This is not financial or investment advice. Investments are always made at your own risk and are based on your personal judgement. I am not responsible for any losses you may incur. Please invest wisely.
Turtle System 2 (55/20)This is the classic Turtle Trading System 2 — based on 55-bar breakouts for entries and 20-bar breakouts for exits, with a 2x ATR (N) stop loss and up to 4 unit pyramiding every 0.5N.
The strategy is fully automated and follows the original trend-following rules from Richard Dennis and William Eckhardt, with adjustable risk per trade.
Although originally designed for daily charts, this version has been optimized and tested to work especially well on the 1-hour timeframe, where it can capture intraday trends with better frequency and profitability.
Patience and discipline are key — most wins come from a few big moves.
ERP Z-Score Long Strategy (Adjustable Confirmation)Risk on/Risk Off Strategy based on caculated equity risk premium of S&P 500, utizing current PE ratio of S&P 500 and 10 Year Treasury Rates.
QE mode strategyThe strategy is based on the QQE mode indicator and RSI. works well for gold in the 1-hour timeframe.
75% Strategy (No SL/TP)Volume's Role in Support and Resistance
Volume helps validate the strength of support and resistance. Here's how:
✅ High Volume at Support
Suggests strong buying interest.
If price bounces on high volume, the support is likely to hold.
✅ High Volume at Resistance
Suggests strong selling interest.
If price drops on high volume, the resistance is likely to hold.
❌ Breakouts with Low Volume
Breakouts (above resistance or below support) on low volume are less reliable.
Often indicates a false breakout or lack of conviction.
✅ Breakouts with High Volume
Signals strong conviction behind the move.
Increases the chance of trend continuation.
75% Win Rate Strategy (Supertrend + Stoch RSI + EMA)Integration of multiple technical indicators: The strategy mainly combines two technical indicators - Keltner Channels and Supertrend, to generate trading signals. It also calculates fifteen exponential moving averages (EMAs) for the high price with different periods ranging from 9 to 51.
Unique combination of indicators: The traditional Supertrend typically uses Average True Range (ATR) to calculate its upper and lower bands. In contrast, this script modifies the approach to use Keltner Channels instead.
Flexible sensitivity adjustment: This strategy provides a "sensitivity" input parameter for users to adjust, which controls the multiplier for the range in the Supertrend calculation. This can make the signals more or less sensitive to price changes, allowing users to tailor the strategy to their own risk tolerance and trading style.
EMA Energy Representation: The code offers a visualization of "EMA Energy", which color-codes the EMA lines based on whether the closing price is above or below the EMA line. This can provide an intuitive understanding of market trends.
Clear visual signals: The strategy generates clear "BUY" and "SELL" signals, represented as labels on the chart. This makes it easy to identify potential entry and exit points in the market.
Customizable: The script provides several user inputs, making it possible to fine-tune the strategy according to different market conditions and individual trading preferences.
Sniper Reversal DCA Scalping//@version=5
strategy("Sniper Reversal DCA Scalping", overlay=true, default_qty_type=strategy.percent_of_equity, default_qty_value=10)
// === Parameters ===
rsiLen = input.int(14, "RSI Length")
rsiOS = input.int(30, "RSI Oversold")
rsiOB = input.int(70, "RSI Overbought")
bbLen = input.int(20, "BB Length")
bbMult = input.float(2.0, "BB Multiplier")
macdFast = input.int(12)
macdSlow = input.int(26)
macdSig = input.int(9)
dcaSpacing = input.float(0.01, "DCA Spacing %", minval=0.01)
maxDCA = input.int(2, "Max DCA Entries", minval=1, maxval=5)
tpPerc = input.float(1.0, "Take Profit %")
slPerc = input.float(1.0, "Stop Loss %")
// === Indicators ===
rsi = ta.rsi(close, rsiLen)
= ta.macd(close, macdFast, macdSlow, macdSig)
bbBasis = ta.sma(close, bbLen)
bbDev = bbMult * ta.stdev(close, bbLen)
upperBB = bbBasis + bbDev
lowerBB = bbBasis - bbDev
macdBull = ta.crossover(macdLine, signalLine)
macdBear = ta.crossunder(macdLine, signalLine)
// === Sniper Buy Condition ===
sniperBuy = rsi < rsiOS and close < lowerBB and macdBull
sniperSell = rsi > rsiOB and close > upperBB and macdBear
// === Entry Tracking
var int buyDCA = 0
var float buyBasePrice = na
if (sniperBuy and buyDCA == 0)
strategy.entry("Buy", strategy.long)
buyBasePrice := close
buyDCA := 1
else if (buyDCA > 0 and buyDCA < maxDCA and close <= buyBasePrice * (1 - dcaSpacing / 100))
strategy.entry("Buy DCA " + str.tostring(buyDCA+1), strategy.long)
buyDCA += 1
if (strategy.position_size == 0)
buyDCA := 0
buyBasePrice := na
// === Take Profit / Stop Loss
if (strategy.position_size > 0)
avgEntry = strategy.position_avg_price
strategy.exit("TP/SL", from_entry="", limit=avgEntry * (1 + tpPerc/100), stop=avgEntry * (1 - slPerc/100))
// === Short Entry (optional)
if (sniperSell)
strategy.entry("Sell", strategy.short)
strategy.exit("TP/SL S", from_entry="Sell", limit=close * (1 - tpPerc/100), stop=close * (1 + slPerc/100))
Gold 4H 9 EMA Buy StrategyRULES FOR GOLD 4H TF
Entry and Exit Criteria:
• Take EVERY BUY off the 9 EMA on 4H TF
◦ Enter when a green candle body closes above the 9 EMA — no other EMAs count.
◦ The 9 EMA must be going upward or it being flat is also acceptable, as it's still profitable on gold
◦ MARKET ORDER - when placing it right after the candle close or later if the price is above the top of the buy candle body
◦ STOP ORDER - when placing somewhat later then candle close and price is below the top of the buy candle body
• NO TRADE when the 9 EMA is sloping downward.
• ONLY take BUY trades.
• SET TP at a 1:2 RR EVERY TIME
Managing Trades:
• DO NOT MOVE SL
• Watch for the formation of a S/R channel — if price starts to consolidate within the channel, consider taking profit at breakeven
extradestrategy - Telegram Bot ReadyExclusive Trading Strategy for TikTok EXSTRADE Subscribers
With Integrated Signal Delivery via Telegram (TTA Platform)
This strategy is specifically designed for short-term (intra-day) trading on BTC/USD, USOIL, and US500 using M1 to M15 timeframes. It utilizes the Moving Average (MA) to determine market trend direction and Average True Range (ATR) to measure volatility and adjust Stop Loss (SL) and Take Profit (TP) levels dynamically.
The system is fully compatible with the TradingView to Telegram Alerts (TTA) platform, allowing automated signal delivery to Telegram groups or channels. This enables traders to receive real-time, structured trade signals without needing to constantly monitor the charts.
Strategy Components
Instruments: BTC/USD, USOIL, US500
Timeframes: M1 – M15
Indicators Used:
Moving Average (MA): Detects short- to mid-term trend direction
Average True Range (ATR): Measures volatility and adjusts SL/TP dynamically
Entry & Exit Rules
Entry:
A Buy is triggered when price is above the MA and ATR indicates sufficient momentum.
A Sell is triggered when price is below the MA and ATR reflects heightened volatility.
Alerts for entries are sent instantly to Telegram via the TTA platform.
Exit:
SL and TP are adjusted based on current ATR or price structure.
Early exits may occur if a clear trend reversal is detected.
Exit alerts are also sent to Telegram for transparency and tracking.
Risk Management
Fixed 1% risk per trade to control account drawdown and ensure stable growth.
No hedging strategies are used — trades follow a one-directional trend-following approach.
Let me know if you'd like help creating the Pine Script alert messages formatted specifically for TTA compatibility (like {{ticker}} Buy Signal @ {{close}}).
extradestrategyExclusive Trading Strategy for TikTok EXSTRADE Subscribers
This strategy is specifically designed for short-term (intra-day) trading on BTC/USD, USOIL, and US500 using timeframes between M1 and M15. It relies on the Moving Average (MA) indicator for trend identification and the Average True Range (ATR) for measuring volatility and dynamically adjusting Stop Loss (SL) and Take Profit (TP) levels.
Strategy Components
Instruments: BTC/USD, USOIL, US500
Timeframes: M1 – M15
Main Indicators:
Moving Average (MA): Identifies short- to mid-term trend direction
Average True Range (ATR): Measures market volatility and adjusts SL/TP accordingly
Entry & Exit Rules
Entry:
Buy positions are opened when the price is above the MA and the ATR shows potential for significant movement.
Sell positions are opened when the price is below the MA and ATR indicates sufficient volatility.
Exit:
SL and TP are flexibly adjusted based on ATR or the latest market structure.
Trades may be closed early if a trend reversal is signaled by MA movement.
Risk Management
Risk per trade is limited to 1% of the total capital to control drawdown and ensure consistent account growth.
No hedging is used; the system operates on a single-directional approach with clear trend conviction.
Let me know if you’d like help creating a TradingView Pine Script or performance journal template based on this strategy.
W/M Pattern + MACD/RSI Confirm StrategyW/M Pattern + MACD/RSI Confirm Strategy
Overview:
The W/M Pattern + MACD/RSI Confirm Strategy is a comprehensive trading strategy designed to identify potential trend reversals and momentum shifts using W (Double Bottom) and M (Double Top) patterns. This strategy integrates MACD and RSI confirmations to filter signals, reducing false entries and improving overall accuracy.
Key Features:
Pattern Detection: Detects W (Double Bottom) and M (Double Top) patterns using pivot points for robust reversal signals.
MACD and RSI Confirmation: Integrates MACD zero-line cross and RSI threshold for trend confirmation.
Flexible Risk Management: Supports configurable Take Profit (TP), Stop Loss (SL), and Trailing Stop.
Alerts: Customizable alert system for Buy, Sell, or Both signals, reducing the need for constant chart monitoring.
Visual Cues: Plots EMAs, pivot points, and W/M patterns for better visual analysis.
Inputs:
Pivot Parameters:
Pivot Left Bars
Pivot Right Bars
MACD Settings:
Fast Length
Slow Length
Signal Smoothing
RSI Settings:
RSI Length
RSI Threshold
Risk Management:
Take Profit (Points)
Stop Loss (Points)
Trailing Stop Distance (Points)
Alert Settings:
Choose between Buy Only, Sell Only, or Both for alert notifications
How It Works:
Buy Condition: W pattern forms, MACD crosses above zero, and RSI is above the threshold.
Sell Condition: M pattern forms, MACD crosses below zero, and RSI is below the threshold.
Risk Management: Positions are protected by fixed Take Profit, Stop Loss, and Trailing Stop levels for precise risk control.
Recommendations:
Use with high-liquidity assets for better accuracy.
Avoid using on non-standard charts like Heikin Ashi, Renko, or Point & Figure.
Test on multiple timeframes to identify the most effective settings.
Combine with volume and market structure analysis for improved performance.
W/M Pattern + MACD/RSI Confirm StrategyW/M Pattern + MACD/RSI Confirm Strategy
Overview:
The W/M Pattern + MACD/RSI Confirm Strategy is a comprehensive trading strategy designed to identify potential trend reversals and momentum shifts using W (Double Bottom) and M (Double Top) patterns. This strategy integrates MACD and RSI confirmations to filter signals, reducing false entries and improving overall accuracy.
Key Features:
Pattern Detection: Detects W (Double Bottom) and M (Double Top) patterns using pivot points for robust reversal signals.
MACD and RSI Confirmation: Integrates MACD zero-line cross and RSI threshold for trend confirmation.
Flexible Risk Management: Supports configurable Take Profit (TP), Stop Loss (SL), and Trailing Stop.
Alerts: Customizable alert system for Buy, Sell, or Both signals, reducing the need for constant chart monitoring.
Visual Cues: Plots EMAs, pivot points, and W/M patterns for better visual analysis.
Inputs:
Pivot Parameters:
Pivot Left Bars
Pivot Right Bars
MACD Settings:
Fast Length
Slow Length
Signal Smoothing
RSI Settings:
RSI Length
RSI Threshold
Risk Management:
Take Profit (Points)
Stop Loss (Points)
Trailing Stop Distance (Points)
Alert Settings:
Choose between Buy Only, Sell Only, or Both for alert notifications
How It Works:
Buy Condition: W pattern forms, MACD crosses above zero, and RSI is above the threshold.
Sell Condition: M pattern forms, MACD crosses below zero, and RSI is below the threshold.
Risk Management: Positions are protected by fixed Take Profit, Stop Loss, and Trailing Stop levels for precise risk control.
Recommendations:
Use with high-liquidity assets for better accuracy.
Avoid using on non-standard charts like Heikin Ashi, Renko, or Point & Figure.
Test on multiple timeframes to identify the most effective settings.
Combine with volume and market structure analysis for improved performance.
