Forex/Crypto/Custom Market SessionsCredit goes to TradeMasterSavis for providing the original code
I merge the 2 sessions together allowing you to toggle between the two. I also add a 3rd custom session type and the ability to change the duration of each trading session. This would solve any problems ran into the case of Daylight savings time switch or if you just want different session duration.
ค้นหาในสคริปต์สำหรับ "N+credit最新动态"
EVWMA 6HR BFCredit goes to QuantNomad for the idea behind this code. Here
is the original script.
This strategy simply goes long on a cross above zero of the calculated delta line and short on a cross down below zero.
The delta line is calculated using 2 volume based moving averages.
There is a fixed 9% stop loss but you can change this to an ATR Derived stop in the settings.
OBV EMA X BF 🚀Credit to Lancelot_Augur for the idea of EMAs of On Balance Volume.
The signals are generated when the faster OBV EMA crosses the slower one.
BACKGROUND COLORS:
Green = go long
Red = go short
White = you have been stopped out
This strategy uses a 3% stop loss.
Squeeze X BF 🚀Credit to LazyBear and Kiasaki for code used in this indicator.
Squeeze Momentum indicator illustrates when a momentum squeeze is happening by calculating when Bollinger Bands are within a Keltner Channel.
This simple strategy is based on when the momentum is crossing positive or negative.
INSTRUCTIONS
Green = Long
Red = Short
White = No Trade
Eagles_nestCredit goes to Chrismoody for building this , Defaults to current timeframe Ability to change to different timeframe, or plot two RSI's on different timeframes.
Edited for Color Customization
Double HULL Moving Average Strategy// Credit Indicator from KIVANC
// author and idea: KIVANC @fr3762 on twitter
// creator: Alan HULL
// Strategy edited by teejk1986
Highs and Lows (Previous Days Projected + Current Week & Month)Credit to Lachlan Smith created original on 31/03/15 - Edited by Elisa 30/3/19
Historical highs and lows
Includes three previous days projected onto today, plus current week and month.
Settings allow for data to be hidden after weekends for use in traditional markets. (i.e. prior 2 days not useful on a Monday)
US Recessions Credit to Sinuhet for creating the primary script. My change just gets rid of the bug that had erred in indicating another recession in 2015/2016.
Daily 9 EMA Plotted at Other Than Daily Time Frame
Credit to the great @Zoen Triste for his original script at:
I just amend it for the Daily, 4H and other time frames. The main function of the Daily 9EMA (pink line) is to easily distinguish the big trend. It is also for multi time frames dynamic support / resistance when trading using tf lower than Daily, without having to toggle between the time frames. Everything is there at a single time frame chart. I like to day trade and switch to swing trade when there is a solid setup for it. To be able to do that, I use 15mins tf together with the Daily 9EMA, 4H 34EMA and 4H 21EMA.
How to trade using this setup?
First of all, if price is below the pink line (Daily 9EMA), it means the big trend is downtrend (and vice versa). When price retrace and reach the blue (4H 21EMA) or black (4H 34EMA) or the pink (Daily 9EMA) line (look at the red arrows), if there is bearish divergence / slingshot at the MACD's histogram together with a reversal candle such as pin bar (shooting star), dark cloud cover or bearish engulf, it's a short setup. We don't need to put the Stop Loss immediately. We can wait for the price to resume in the direction of the big trend to trail the SL.
I do add up daily and weekly pivots and trendlines for additional support / resistance for greater confidence. If the above setup occurs at certain pivots and trendline, we'll have a very high probability setup. Please see the zoomed-in chart as below:
When price is above the pink line, the setup is just the opposite.
My conclusion: When day trading using this setup at smaller time frames such as 15mins, we don't have to toggle between 4H and 15min time frames to see where is the EMA21 and EMA34 at 4H for the moment.
It's like we are able to see a microscopic and bird's eye views at the same time using a single time frame chart.
4H 21EMACredit to @Zoen Triste for his original script at I just amend it for the 4H time frame. The main function is for dynamic support and resistance when day trading using smaller time frames such as 15mins so that we don't have to juggle between 4H and 15min time frames to see where is the EMA21 at 4H for the moment.
Derivative OscillatorCredit to Lazy Bear for the original script and Constance Brown for the indicator.
Added horizontals to better compare heights of peaks and minor format changes.
RSI Multi TF $$ ModCredit to @lukescream for the original code that I modified to make the multi RSI dynamic. 4 timeframes plus live time frame RSI can be plotted together to visualize areas of confluence.
Traders Dynamic Index [LazyBear] -- Added indicatorCredit goes to lazybear, I added blue/red indictor to help me spot things earlier
FRAMA (Ehlers true modified calculation)Credit goes to Shizaru for the original calculation. I made just a few fixes, so that the calculation is really that of Ehlers.
Fixed H2 and L2 period, fixed w natural logarithm
Fisher Transform with Up/Down colours - squattterCredit to HPotter - colour code borrowed from his AO script.
BOCS Channel Scalper Indicator - Mean Reversion Alert System# BOCS Channel Scalper Indicator - Mean Reversion Alert System
## WHAT THIS INDICATOR DOES:
This is a mean reversion trading indicator that identifies consolidation channels through volatility analysis and generates alert signals when price enters entry zones near channel boundaries. **This indicator version is designed for manual trading with comprehensive alert functionality.** Unlike automated strategies, this tool sends notifications (via popup, email, SMS, or webhook) when trading opportunities occur, allowing you to manually review and execute trades. The system assumes price will revert to the channel mean, identifying scalp opportunities as price reaches extremes and preparing to bounce back toward center.
## INDICATOR VS STRATEGY - KEY DISTINCTION:
**This is an INDICATOR with alerts, not an automated strategy.** It does not execute trades automatically. Instead, it:
- Displays visual signals on your chart when entry conditions are met
- Sends customizable alerts to your device/email when opportunities arise
- Shows TP/SL levels for reference but does not place orders
- Requires you to manually enter and exit positions based on signals
- Works with all TradingView subscription levels (alerts included on all plans)
**For automated trading with backtesting**, use the strategy version. For manual control with notifications, use this indicator version.
## ALERT CAPABILITIES:
This indicator includes four distinct alert conditions that can be configured independently:
**1. New Channel Formation Alert**
- Triggers when a fresh BOCS channel is identified
- Message: "New BOCS channel formed - potential scalp setup ready"
- Use this to prepare for upcoming trading opportunities
**2. Long Scalp Entry Alert**
- Fires when price touches the long entry zone
- Message includes current price, calculated TP, and SL levels
- Notification example: "LONG scalp signal at 24731.75 | TP: 24743.2 | SL: 24716.5"
**3. Short Scalp Entry Alert**
- Fires when price touches the short entry zone
- Message includes current price, calculated TP, and SL levels
- Notification example: "SHORT scalp signal at 24747.50 | TP: 24735.0 | SL: 24762.75"
**4. Any Entry Signal Alert**
- Combined alert for both long and short entries
- Use this if you want a single alert stream for all opportunities
- Message: "BOCS Scalp Entry: at "
**Setting Up Alerts:**
1. Add indicator to chart and configure settings
2. Click the Alert (⏰) button in TradingView toolbar
3. Select "BOCS Channel Scalper" from condition dropdown
4. Choose desired alert type (Long, Short, Any, or Channel Formation)
5. Set "Once Per Bar Close" to avoid false signals during bar formation
6. Configure delivery method (popup, email, webhook for automation platforms)
7. Save alert - it will fire automatically when conditions are met
**Alert Message Placeholders:**
Alerts use TradingView's dynamic placeholder system:
- {{ticker}} = Symbol name (e.g., NQ1!)
- {{close}} = Current price at signal
- {{plot_1}} = Calculated take profit level
- {{plot_2}} = Calculated stop loss level
These placeholders populate automatically, creating detailed notification messages without manual configuration.
## KEY DIFFERENCE FROM ORIGINAL BOCS:
**This indicator is designed for traders seeking higher trade frequency.** The original BOCS indicator trades breakouts OUTSIDE channels, waiting for price to escape consolidation before entering. This scalper version trades mean reversion INSIDE channels, entering when price reaches channel extremes and betting on a bounce back to center. The result is significantly more trading opportunities:
- **Original BOCS**: 1-3 signals per channel (only on breakout)
- **Scalper Indicator**: 5-15+ signals per channel (every touch of entry zones)
- **Trade Style**: Mean reversion vs trend following
- **Hold Time**: Seconds to minutes vs minutes to hours
- **Best Markets**: Ranging/choppy conditions vs trending breakouts
This makes the indicator ideal for active day traders who want continuous alert opportunities within consolidation zones rather than waiting for breakout confirmation. However, increased signal frequency also means higher potential commission costs and requires disciplined trade selection when acting on alerts.
## TECHNICAL METHODOLOGY:
### Price Normalization Process:
The indicator normalizes price data to create consistent volatility measurements across different instruments and price levels. It calculates the highest high and lowest low over a user-defined lookback period (default 100 bars). Current close price is normalized using: (close - lowest_low) / (highest_high - lowest_low), producing values between 0 and 1 for standardized volatility analysis.
### Volatility Detection:
A 14-period standard deviation is applied to the normalized price series to measure price deviation from the mean. Higher standard deviation values indicate volatility expansion; lower values indicate consolidation. The indicator uses ta.highestbars() and ta.lowestbars() to identify when volatility peaks and troughs occur over the detection period (default 14 bars).
### Channel Formation Logic:
When volatility crosses from a high level to a low level (ta.crossover(upper, lower)), a consolidation phase begins. The indicator tracks the highest and lowest prices during this period, which become the channel boundaries. Minimum duration of 10+ bars is required to filter out brief volatility spikes. Channels are rendered as box objects with defined upper and lower boundaries, with colored zones indicating entry areas.
### Entry Signal Generation:
The indicator uses immediate touch-based entry logic. Entry zones are defined as a percentage from channel edges (default 20%):
- **Long Entry Zone**: Bottom 20% of channel (bottomBound + channelRange × 0.2)
- **Short Entry Zone**: Top 20% of channel (topBound - channelRange × 0.2)
Long signals trigger when candle low touches or enters the long entry zone. Short signals trigger when candle high touches or enters the short entry zone. Visual markers (arrows and labels) appear on chart, and configured alerts fire immediately.
### Cooldown Filter:
An optional cooldown period (measured in bars) prevents alert spam by enforcing minimum spacing between consecutive signals. If cooldown is set to 3 bars, no new long alert will fire until 3 bars after the previous long signal. Long and short cooldowns are tracked independently, allowing both directions to signal within the same period.
### ATR Volatility Filter:
The indicator includes a multi-timeframe ATR filter to avoid alerts during low-volatility conditions. Using request.security(), it fetches ATR values from a specified timeframe (e.g., 1-minute ATR while viewing 5-minute charts). The filter compares current ATR to a user-defined minimum threshold:
- If ATR ≥ threshold: Alerts enabled
- If ATR < threshold: No alerts fire
This prevents notifications during dead zones where mean reversion is unreliable due to insufficient price movement. The ATR status is displayed in the info table with visual confirmation (✓ or ✗).
### Take Profit Calculation:
Two TP methods are available:
**Fixed Points Mode**:
- Long TP = Entry + (TP_Ticks × syminfo.mintick)
- Short TP = Entry - (TP_Ticks × syminfo.mintick)
**Channel Percentage Mode**:
- Long TP = Entry + (ChannelRange × TP_Percent)
- Short TP = Entry - (ChannelRange × TP_Percent)
Default 50% targets the channel midline, a natural mean reversion target. These levels are displayed as visual lines with labels and included in alert messages for reference when manually placing orders.
### Stop Loss Placement:
Stop losses are calculated just outside the channel boundary by a user-defined tick offset:
- Long SL = ChannelBottom - (SL_Offset_Ticks × syminfo.mintick)
- Short SL = ChannelTop + (SL_Offset_Ticks × syminfo.mintick)
This logic assumes channel breaks invalidate the mean reversion thesis. SL levels are displayed on chart and included in alert notifications as suggested stop placement.
### Channel Breakout Management:
Channels are removed when price closes more than 10 ticks outside boundaries. This tolerance prevents premature channel deletion from minor breaks or wicks, allowing the mean reversion setup to persist through small boundary violations.
## INPUT PARAMETERS:
### Channel Settings:
- **Nested Channels**: Allow multiple overlapping channels vs single channel
- **Normalization Length**: Lookback for high/low calculation (1-500, default 100)
- **Box Detection Length**: Period for volatility detection (1-100, default 14)
### Scalping Settings:
- **Enable Long Scalps**: Toggle long alert generation on/off
- **Enable Short Scalps**: Toggle short alert generation on/off
- **Entry Zone % from Edge**: Size of entry zone (5-50%, default 20%)
- **SL Offset (Ticks)**: Distance beyond channel for stop (1+, default 5)
- **Cooldown Period (Bars)**: Minimum spacing between alerts (0 = no cooldown)
### ATR Filter:
- **Enable ATR Filter**: Toggle volatility filter on/off
- **ATR Timeframe**: Source timeframe for ATR (1, 5, 15, 60 min, etc.)
- **ATR Length**: Smoothing period (1-100, default 14)
- **Min ATR Value**: Threshold for alert enablement (0.1+, default 10.0)
### Take Profit Settings:
- **TP Method**: Choose Fixed Points or % of Channel
- **TP Fixed (Ticks)**: Static distance in ticks (1+, default 30)
- **TP % of Channel**: Dynamic target as channel percentage (10-100%, default 50%)
### Appearance:
- **Show Entry Zones**: Toggle zone labels on channels
- **Show Info Table**: Display real-time indicator status
- **Table Position**: Corner placement (Top Left/Right, Bottom Left/Right)
- **Long Color**: Customize long signal color (default: darker green for readability)
- **Short Color**: Customize short signal color (default: red)
- **TP/SL Colors**: Customize take profit and stop loss line colors
- **Line Length**: Visual length of TP/SL reference lines (5-200 bars)
## VISUAL INDICATORS:
- **Channel boxes** with semi-transparent fill showing consolidation zones
- **Colored entry zones** labeled "LONG ZONE ▲" and "SHORT ZONE ▼"
- **Entry signal arrows** below/above bars marking long/short alerts
- **TP/SL reference lines** with emoji labels (⊕ Entry, 🎯 TP, 🛑 SL)
- **Info table** showing channel status, last signal, entry/TP/SL prices, risk/reward ratio, and ATR filter status
- **Visual confirmation** when alerts fire via on-chart markers synchronized with notifications
## HOW TO USE:
### For 1-3 Minute Scalping with Alerts (NQ/ES):
- ATR Timeframe: "1" (1-minute)
- ATR Min Value: 10.0 (for NQ), adjust per instrument
- Entry Zone %: 20-25%
- TP Method: Fixed Points, 20-40 ticks
- SL Offset: 5-10 ticks
- Cooldown: 2-3 bars to reduce alert spam
- **Alert Setup**: Configure "Any Entry Signal" for combined long/short notifications
- **Execution**: When alert fires, verify chart visuals, then manually place limit order at entry zone with provided TP/SL levels
### For 5-15 Minute Day Trading with Alerts:
- ATR Timeframe: "5" or match chart
- ATR Min Value: Adjust to instrument (test 8-15 for NQ)
- Entry Zone %: 20-30%
- TP Method: % of Channel, 40-60%
- SL Offset: 5-10 ticks
- Cooldown: 3-5 bars
- **Alert Setup**: Configure separate "Long Scalp Entry" and "Short Scalp Entry" alerts if you trade directionally based on bias
- **Execution**: Review channel structure on alert, confirm ATR filter shows ✓, then enter manually
### For 30-60 Minute Swing Scalping with Alerts:
- ATR Timeframe: "15" or "30"
- ATR Min Value: Lower threshold for broader market
- Entry Zone %: 25-35%
- TP Method: % of Channel, 50-70%
- SL Offset: 10-15 ticks
- Cooldown: 5+ bars or disable
- **Alert Setup**: Use "New Channel Formation" to prepare for setups, then "Any Entry Signal" for execution alerts
- **Execution**: Larger timeframes allow more analysis time between alert and entry
### Webhook Integration for Semi-Automation:
- Configure alert webhook URL to connect with platforms like TradersPost, TradingView Paper Trading, or custom automation
- Alert message includes all necessary order parameters (direction, entry, TP, SL)
- Webhook receives structured data when signal fires
- External platform can auto-execute based on alert payload
- Still maintains manual oversight vs full strategy automation
## USAGE CONSIDERATIONS:
- **Manual Discipline Required**: Alerts provide opportunities but execution requires judgment. Not all alerts should be taken - consider market context, trend, and channel quality
- **Alert Timing**: Alerts fire on bar close by default. Ensure "Once Per Bar Close" is selected to avoid false signals during bar formation
- **Notification Delivery**: Mobile/email alerts may have 1-3 second delay. For immediate execution, use desktop popups or webhook automation
- **Cooldown Necessity**: Without cooldown, rapidly touching price action can generate excessive alerts. Start with 3-bar cooldown and adjust based on alert volume
- **ATR Filter Impact**: Enabling ATR filter dramatically reduces alert count but improves quality. Track filter status in info table to understand when you're receiving fewer alerts
- **Commission Awareness**: High alert frequency means high potential trade count. Calculate if your commission structure supports frequent scalping before acting on all alerts
## COMPATIBLE MARKETS:
Works on any instrument with price data including stock indices (NQ, ES, YM, RTY), individual stocks, forex pairs (EUR/USD, GBP/USD), cryptocurrency (BTC, ETH), and commodities. Volume-based features are not included in this indicator version. Multi-timeframe ATR requires higher-tier TradingView subscription for request.security() functionality on timeframes below chart timeframe.
## KNOWN LIMITATIONS:
- **Indicator does not execute trades** - alerts are informational only; you must manually place all orders
- **Alert delivery depends on TradingView infrastructure** - delays or failures possible during platform issues
- **No position tracking** - indicator doesn't know if you're in a trade; you must manage open positions independently
- **TP/SL levels are reference only** - you must manually set these on your broker platform; they are not live orders
- **Immediate touch entry can generate many alerts** in choppy zones without adequate cooldown
- **Channel deletion at 10-tick breaks** may be too aggressive or lenient depending on instrument tick size
- **ATR filter from lower timeframes** requires TradingView Premium/Pro+ for request.security()
- **Mean reversion logic fails** in strong breakout scenarios - alerts will fire but trades may hit stops
- **No partial closing capability** - full position management is manual; you determine scaling out
- **Alerts do not account for gaps** or overnight price changes; morning alerts may be stale
## RISK DISCLOSURE:
Trading involves substantial risk of loss. This indicator provides signals for educational and informational purposes only and does not constitute financial advice. Past performance does not guarantee future results. Mean reversion strategies can experience extended drawdowns during trending markets. Alerts are not guaranteed to be profitable and should be combined with your own analysis. Stop losses may not fill at intended levels during extreme volatility or gaps. Never trade with capital you cannot afford to lose. Consider consulting a licensed financial advisor before making trading decisions. Always verify alerts against current market conditions before executing trades manually.
## ACKNOWLEDGMENT & CREDITS:
This indicator is built upon the channel detection methodology created by **AlgoAlpha** in the "Smart Money Breakout Channels" indicator. Full credit and appreciation to AlgoAlpha for pioneering the normalized volatility approach to identifying consolidation patterns. The core channel formation logic using normalized price standard deviation is AlgoAlpha's original contribution to the TradingView community.
Enhancements to the original concept include: mean reversion entry logic (vs breakout), immediate touch-based alert generation, comprehensive alert condition system with customizable notifications, multi-timeframe ATR volatility filtering, cooldown period for alert management, dual TP methods (fixed points vs channel percentage), visual TP/SL reference lines, and real-time status monitoring table. This indicator version is specifically designed for manual traders who prefer alert-based decision making over automated execution.
BOCS Channel Scalper Strategy - Automated Mean Reversion System# BOCS Channel Scalper Strategy - Automated Mean Reversion System
## WHAT THIS STRATEGY DOES:
This is an automated mean reversion trading strategy that identifies consolidation channels through volatility analysis and executes scalp trades when price enters entry zones near channel boundaries. Unlike breakout strategies, this system assumes price will revert to the channel mean, taking profits as price bounces back from extremes. Position sizing is fully customizable with three methods: fixed contracts, percentage of equity, or fixed dollar amount. Stop losses are placed just outside channel boundaries with take profits calculated either as fixed points or as a percentage of channel range.
## KEY DIFFERENCE FROM ORIGINAL BOCS:
**This strategy is designed for traders seeking higher trade frequency.** The original BOCS indicator trades breakouts OUTSIDE channels, waiting for price to escape consolidation before entering. This scalper version trades mean reversion INSIDE channels, entering when price reaches channel extremes and betting on a bounce back to center. The result is significantly more trading opportunities:
- **Original BOCS**: 1-3 signals per channel (only on breakout)
- **Scalper Version**: 5-15+ signals per channel (every touch of entry zones)
- **Trade Style**: Mean reversion vs trend following
- **Hold Time**: Seconds to minutes vs minutes to hours
- **Best Markets**: Ranging/choppy conditions vs trending breakouts
This makes the scalper ideal for active day traders who want continuous opportunities within consolidation zones rather than waiting for breakout confirmation. However, increased trade frequency also means higher commission costs and requires tighter risk management.
## TECHNICAL METHODOLOGY:
### Price Normalization Process:
The strategy normalizes price data to create consistent volatility measurements across different instruments and price levels. It calculates the highest high and lowest low over a user-defined lookback period (default 100 bars). Current close price is normalized using: (close - lowest_low) / (highest_high - lowest_low), producing values between 0 and 1 for standardized volatility analysis.
### Volatility Detection:
A 14-period standard deviation is applied to the normalized price series to measure price deviation from the mean. Higher standard deviation values indicate volatility expansion; lower values indicate consolidation. The strategy uses ta.highestbars() and ta.lowestbars() to identify when volatility peaks and troughs occur over the detection period (default 14 bars).
### Channel Formation Logic:
When volatility crosses from a high level to a low level (ta.crossover(upper, lower)), a consolidation phase begins. The strategy tracks the highest and lowest prices during this period, which become the channel boundaries. Minimum duration of 10+ bars is required to filter out brief volatility spikes. Channels are rendered as box objects with defined upper and lower boundaries, with colored zones indicating entry areas.
### Entry Signal Generation:
The strategy uses immediate touch-based entry logic. Entry zones are defined as a percentage from channel edges (default 20%):
- **Long Entry Zone**: Bottom 20% of channel (bottomBound + channelRange × 0.2)
- **Short Entry Zone**: Top 20% of channel (topBound - channelRange × 0.2)
Long signals trigger when candle low touches or enters the long entry zone. Short signals trigger when candle high touches or enters the short entry zone. This captures mean reversion opportunities as price reaches channel extremes.
### Cooldown Filter:
An optional cooldown period (measured in bars) prevents signal spam by enforcing minimum spacing between consecutive signals. If cooldown is set to 3 bars, no new long signal will fire until 3 bars after the previous long signal. Long and short cooldowns are tracked independently, allowing both directions to signal within the same period.
### ATR Volatility Filter:
The strategy includes a multi-timeframe ATR filter to avoid trading during low-volatility conditions. Using request.security(), it fetches ATR values from a specified timeframe (e.g., 1-minute ATR while trading on 5-minute charts). The filter compares current ATR to a user-defined minimum threshold:
- If ATR ≥ threshold: Trading enabled
- If ATR < threshold: No signals fire
This prevents entries during dead zones where mean reversion is unreliable due to insufficient price movement.
### Take Profit Calculation:
Two TP methods are available:
**Fixed Points Mode**:
- Long TP = Entry + (TP_Ticks × syminfo.mintick)
- Short TP = Entry - (TP_Ticks × syminfo.mintick)
**Channel Percentage Mode**:
- Long TP = Entry + (ChannelRange × TP_Percent)
- Short TP = Entry - (ChannelRange × TP_Percent)
Default 50% targets the channel midline, a natural mean reversion target. Larger percentages aim for opposite channel edge.
### Stop Loss Placement:
Stop losses are placed just outside the channel boundary by a user-defined tick offset:
- Long SL = ChannelBottom - (SL_Offset_Ticks × syminfo.mintick)
- Short SL = ChannelTop + (SL_Offset_Ticks × syminfo.mintick)
This logic assumes channel breaks invalidate the mean reversion thesis. If price breaks through, the range is no longer valid and position exits.
### Trade Execution Logic:
When entry conditions are met (price in zone, cooldown satisfied, ATR filter passed, no existing position):
1. Calculate entry price at zone boundary
2. Calculate TP and SL based on selected method
3. Execute strategy.entry() with calculated position size
4. Place strategy.exit() with TP limit and SL stop orders
5. Update info table with active trade details
The strategy enforces one position at a time by checking strategy.position_size == 0 before entry.
### Channel Breakout Management:
Channels are removed when price closes more than 10 ticks outside boundaries. This tolerance prevents premature channel deletion from minor breaks or wicks, allowing the mean reversion setup to persist through small boundary violations.
### Position Sizing System:
Three methods calculate position size:
**Fixed Contracts**:
- Uses exact contract quantity specified in settings
- Best for futures traders (e.g., "trade 2 NQ contracts")
**Percentage of Equity**:
- position_size = (strategy.equity × equity_pct / 100) / close
- Dynamically scales with account growth
**Cash Amount**:
- position_size = cash_amount / close
- Maintains consistent dollar exposure regardless of price
## INPUT PARAMETERS:
### Position Sizing:
- **Position Size Type**: Choose Fixed Contracts, % of Equity, or Cash Amount
- **Number of Contracts**: Fixed quantity per trade (1-1000)
- **% of Equity**: Percentage of account to allocate (1-100%)
- **Cash Amount**: Dollar value per position ($100+)
### Channel Settings:
- **Nested Channels**: Allow multiple overlapping channels vs single channel
- **Normalization Length**: Lookback for high/low calculation (1-500, default 100)
- **Box Detection Length**: Period for volatility detection (1-100, default 14)
### Scalping Settings:
- **Enable Long Scalps**: Toggle long entries on/off
- **Enable Short Scalps**: Toggle short entries on/off
- **Entry Zone % from Edge**: Size of entry zone (5-50%, default 20%)
- **SL Offset (Ticks)**: Distance beyond channel for stop (1+, default 5)
- **Cooldown Period (Bars)**: Minimum spacing between signals (0 = no cooldown)
### ATR Filter:
- **Enable ATR Filter**: Toggle volatility filter on/off
- **ATR Timeframe**: Source timeframe for ATR (1, 5, 15, 60 min, etc.)
- **ATR Length**: Smoothing period (1-100, default 14)
- **Min ATR Value**: Threshold for trade enablement (0.1+, default 10.0)
### Take Profit Settings:
- **TP Method**: Choose Fixed Points or % of Channel
- **TP Fixed (Ticks)**: Static distance in ticks (1+, default 30)
- **TP % of Channel**: Dynamic target as channel percentage (10-100%, default 50%)
### Appearance:
- **Show Entry Zones**: Toggle zone labels on channels
- **Show Info Table**: Display real-time strategy status
- **Table Position**: Corner placement (Top Left/Right, Bottom Left/Right)
- **Color Settings**: Customize long/short/TP/SL colors
## VISUAL INDICATORS:
- **Channel boxes** with semi-transparent fill showing consolidation zones
- **Colored entry zones** labeled "LONG ZONE ▲" and "SHORT ZONE ▼"
- **Entry signal arrows** below/above bars marking long/short entries
- **Active TP/SL lines** with emoji labels (⊕ Entry, 🎯 TP, 🛑 SL)
- **Info table** showing position status, channel state, last signal, entry/TP/SL prices, and ATR status
## HOW TO USE:
### For 1-3 Minute Scalping (NQ/ES):
- ATR Timeframe: "1" (1-minute)
- ATR Min Value: 10.0 (for NQ), adjust per instrument
- Entry Zone %: 20-25%
- TP Method: Fixed Points, 20-40 ticks
- SL Offset: 5-10 ticks
- Cooldown: 2-3 bars
- Position Size: 1-2 contracts
### For 5-15 Minute Day Trading:
- ATR Timeframe: "5" or match chart
- ATR Min Value: Adjust to instrument (test 8-15 for NQ)
- Entry Zone %: 20-30%
- TP Method: % of Channel, 40-60%
- SL Offset: 5-10 ticks
- Cooldown: 3-5 bars
- Position Size: Fixed contracts or 5-10% equity
### For 30-60 Minute Swing Scalping:
- ATR Timeframe: "15" or "30"
- ATR Min Value: Lower threshold for broader market
- Entry Zone %: 25-35%
- TP Method: % of Channel, 50-70%
- SL Offset: 10-15 ticks
- Cooldown: 5+ bars or disable
- Position Size: % of equity recommended
## BACKTEST CONSIDERATIONS:
- Strategy performs best in ranging, mean-reverting markets
- Strong trending markets produce more stop losses as price breaks channels
- ATR filter significantly reduces trade count but improves quality during low volatility
- Cooldown period trades signal quantity for signal quality
- Commission and slippage materially impact sub-5-minute timeframe performance
- Shorter timeframes require tighter entry zones (15-20%) to catch quick reversions
- % of Channel TP adapts better to varying channel sizes than fixed points
- Fixed contract sizing recommended for consistent risk per trade in futures
**Backtesting Parameters Used**: This strategy was developed and tested using realistic commission and slippage values to provide accurate performance expectations. Recommended settings: Commission of $1.40 per side (typical for NQ futures through discount brokers), slippage of 2 ticks to account for execution delays on fast-moving scalp entries. These values reflect real-world trading costs that active scalpers will encounter. Backtest results without proper cost simulation will significantly overstate profitability.
## COMPATIBLE MARKETS:
Works on any instrument with price data including stock indices (NQ, ES, YM, RTY), individual stocks, forex pairs (EUR/USD, GBP/USD), cryptocurrency (BTC, ETH), and commodities. Volume-based features require data feed with volume information but are optional for core functionality.
## KNOWN LIMITATIONS:
- Immediate touch entry can fire multiple times in choppy zones without adequate cooldown
- Channel deletion at 10-tick breaks may be too aggressive or lenient depending on instrument tick size
- ATR filter from lower timeframes requires higher-tier TradingView subscription (request.security limitation)
- Mean reversion logic fails in strong breakout scenarios leading to stop loss hits
- Position sizing via % of equity or cash amount calculates based on close price, may differ from actual fill price
- No partial closing capability - full position exits at TP or SL only
- Strategy does not account for gap openings or overnight holds
## RISK DISCLOSURE:
Trading involves substantial risk of loss. Past performance does not guarantee future results. This strategy is for educational purposes and backtesting only. Mean reversion strategies can experience extended drawdowns during trending markets. Stop losses may not fill at intended levels during extreme volatility or gaps. Thoroughly test on historical data and paper trade before risking real capital. Use appropriate position sizing and never risk more than you can afford to lose. Consider consulting a licensed financial advisor before making trading decisions. Automated trading systems can malfunction - monitor all live positions actively.
## ACKNOWLEDGMENT & CREDITS:
This strategy is built upon the channel detection methodology created by **AlgoAlpha** in the "Smart Money Breakout Channels" indicator. Full credit and appreciation to AlgoAlpha for pioneering the normalized volatility approach to identifying consolidation patterns. The core channel formation logic using normalized price standard deviation is AlgoAlpha's original contribution to the TradingView community.
Enhancements to the original concept include: mean reversion entry logic (vs breakout), immediate touch-based signals, multi-timeframe ATR volatility filtering, flexible position sizing (fixed/percentage/cash), cooldown period filtering, dual TP methods (fixed points vs channel percentage), automated strategy execution with exit management, and real-time position monitoring table.
ICT Killzones and Sessions W/ Silver Bullet + MacrosForex and Equity Session Tracker with Killzones, Silver Bullet, and Macro Times
This Pine Script indicator is a comprehensive timekeeping tool designed specifically for ICT traders using any time-based strategy. It helps you visualize and keep track of forex and equity session times, kill zones, macro times, and silver bullet hours.
Features:
Session and Killzone Lines:
Green: London Open (LO)
White: New York (NY)
Orange: Australian (AU)
Purple: Asian (AS)
Includes AM and PM session markers.
Dotted/Striped Lines indicate overlapping kill zones within the session timeline.
Customization Options:
Display sessions and killzones in collapsed or full view.
Hide specific sessions or killzones based on your preferences.
Customize colors, texts, and sizes.
Option to hide drawings older than the current day.
Automatic Updates:
The indicator draws all lines and boxes at the start of a new day.
Automatically adjusts time-based boxes according to the New York timezone.
Killzone Time Windows (for indices):
London KZ: 02:00 - 05:00
New York AM KZ: 07:00 - 10:00
New York PM KZ: 13:30 - 16:00
Silver Bullet Times:
03:00 - 04:00
10:00 - 11:00
14:00 - 15:00
Macro Times:
02:33 - 03:00
04:03 - 04:30
08:50 - 09:10
09:50 - 10:10
10:50 - 11:10
11:50 - 12:50
Latest Update:
January 15:
Added option to automatically change text coloring based on the chart.
Included additional optional macro times per user request:
12:50 - 13:10
13:50 - 14:15
14:50 - 15:10
15:50 - 16:15
Usage:
To maximize your experience, minimize the pane where the script is drawn. This minimizes distractions while keeping the essential time markers visible. The script is designed to help traders by clearly annotating key trading periods without overwhelming their charts.
Originality and Justification:
This indicator uniquely integrates various time-based strategies essential for ICT traders. Unlike other indicators, it consolidates session times, kill zones, macro times, and silver bullet hours into one comprehensive tool. This allows traders to have a clear and organized view of critical trading periods, facilitating better decision-making.
Credits:
This script incorporates open-source elements with significant improvements to enhance functionality and user experience.
Forex and Equity Session Tracker with Killzones, Silver Bullet, and Macro Times
This Pine Script indicator is a comprehensive timekeeping tool designed specifically for ICT traders using any time-based strategy. It helps you visualize and keep track of forex and equity session times, kill zones, macro times, and silver bullet hours.
Features:
Session and Killzone Lines:
Green: London Open (LO)
White: New York (NY)
Orange: Australian (AU)
Purple: Asian (AS)
Includes AM and PM session markers.
Dotted/Striped Lines indicate overlapping kill zones within the session timeline.
Customization Options:
Display sessions and killzones in collapsed or full view.
Hide specific sessions or killzones based on your preferences.
Customize colors, texts, and sizes.
Option to hide drawings older than the current day.
Automatic Updates:
The indicator draws all lines and boxes at the start of a new day.
Automatically adjusts time-based boxes according to the New York timezone.
Killzone Time Windows (for indices):
London KZ: 02:00 - 05:00
New York AM KZ: 07:00 - 10:00
New York PM KZ: 13:30 - 16:00
Silver Bullet Times:
03:00 - 04:00
10:00 - 11:00
14:00 - 15:00
Macro Times:
02:33 - 03:00
04:03 - 04:30
08:50 - 09:10
09:50 - 10:10
10:50 - 11:10
11:50 - 12:50
Latest Update:
January 15:
Added option to automatically change text coloring based on the chart.
Included additional optional macro times per user request:
12:50 - 13:10
13:50 - 14:15
14:50 - 15:10
15:50 - 16:15
ICT Sessions and Kill Zones
What They Are:
ICT Sessions: These are specific times during the trading day when market activity is expected to be higher, such as the London Open, New York Open, and the Asian session.
Kill Zones: These are specific time windows within these sessions where the probability of significant price movements is higher. For example, the New York AM Kill Zone is typically from 8:30 AM to 11:00 AM EST.
How to Use Them:
Identify the Session: Determine which trading session you are in (London, New York, or Asian).
Focus on Kill Zones: Within that session, focus on the kill zones for potential trade setups. For instance, during the New York session, look for setups between 8:30 AM and 11:00 AM EST.
Silver Bullets
What They Are:
Silver Bullets: These are specific, high-probability trade setups that occur within the kill zones. They are designed to be "one shot, one kill" trades, meaning they aim for precise and effective entries and exits.
How to Use Them:
Time-Based Setup: Look for these setups within the designated kill zones. For example, between 10:00 AM and 11:00 AM for the New York AM session .
Chart Analysis: Start with higher time frames like the 15-minute chart and then refine down to 5-minute and 1-minute charts to identify imbalances or specific patterns .
Macros
What They Are:
Macros: These are broader market conditions and trends that influence your trading decisions. They include understanding the overall market direction, seasonal tendencies, and the Commitment of Traders (COT) reports.
How to Use Them:
Understand Market Conditions: Be aware of the macroeconomic factors and market conditions that could affect price movements.
Seasonal Tendencies: Know the seasonal patterns that might influence the market direction.
COT Reports: Use the Commitment of Traders reports to understand the positioning of large traders and commercial hedgers .
Putting It All Together
Preparation: Understand the macro conditions and review the COT reports.
Session and Kill Zone: Identify the trading session and focus on the kill zones.
Silver Bullet Setup: Look for high-probability setups within the kill zones using refined chart analysis.
Execution: Execute the trade with precision, aiming for a "one shot, one kill" outcome.
By following these steps, you can effectively use ICT sessions, kill zones, silver bullets, and macros to enhance your trading strategy.
Usage:
To maximize your experience, shrink the pane where the script is drawn. This minimizes distractions while keeping the essential time markers visible. The script is designed to help traders by clearly annotating key trading periods without overwhelming their charts.
Originality and Justification:
This indicator uniquely integrates various time-based strategies essential for ICT traders. Unlike other indicators, it consolidates session times, kill zones, macro times, and silver bullet hours into one comprehensive tool. This allows traders to have a clear and organized view of critical trading periods, facilitating better decision-making.
Credits:
This script incorporates open-source elements with significant improvements to enhance functionality and user experience. All credit goes to itradesize for the SB + Macro boxes
Market Structure & Liquidity: CHoCHs+Nested Pivots+FVGs+Sweeps//Purpose:
This indicator combines several tools to help traders track and interpret price action/market structure; It can be divided into 4 parts;
1. CHoCHs, 2. Nested Pivot highs & lows, 3. Grade sweeps, 4. FVGs.
This gives the trader a toolkit for determining market structure and shifts in market structure to help determine a bull or bear bias, whether it be short-term, med-term or long-term.
This indicator also helps traders in determining liquidity targets: wether they be voids/gaps (FVGS) or old highs/lows+ typical sweep distances.
Finally, the incorporation of HTF CHoCH levels printing on your LTF chart helps keep the bigger picture in mind and tells traders at a glance if they're above of below Custom HTF CHoCH up or CHoCH down (these HTF CHoCHs can be anything from Hourly up to Monthly).
//Nomenclature:
CHoCH = Change of Character
STH/STL = short-term high or low
MTH/MTL = medium-term high or low
LTH/LTL = long-term high or low
FVG = Fair value gap
CE = consequent encroachement (the midline of a FVG)
~~~ The Four components of this indicator ~~~
1. CHoCHs:
•Best demonstrated in the below charts. This was a method taught to me by @Icecold_crypto. Once a 3 bar fractal pivot gets broken, we count backwards the consecutive higher lows or lower highs, then identify the CHoCH as the opposite end of the candle which ended the consecutive backwards count. This CHoCH (UP or DOWN) then becomes a level to watch, if price passes through it in earnest a trader would consider shifting their bias as market structure is deemed to have shifted.
•HTF CHoCHs: Option to print Higher time frame chochs (default on) of user input HTF. This prints only the last UP choch and only the last DOWN choch from the input HTF. Solid line by default so as to distinguish from local/chart-time CHoCHs. Can be any Higher timeframe you like.
•Show on table: toggle on show table(above/below) option to show in table cells (top right): is price above the latest HTF UP choch, or is price below HTF DOWN choch (or is it sat between the two, in a state of 'uncertainty').
•Most recent CHoCHs which have not been met by price will extend 10 bars into the future.
• USER INPUTS: overall setting: SHOW CHOCHS | Set bars lookback number to limit historical Chochs. Set Live CHoCHs number to control the number of active recent chochs unmet by price. Toggle shrink chochs once hit to declutter chart and minimize old chochs to their origin bars. Set Multi-timeframe color override : to make Color choices auto-set to your preference color for each of 1m, 5m, 15m, H, 4H, D, W, M (where up and down are same color, but 'up' icon for up chochs and down icon for down chochs remain printing as normal)
2. Nested Pivot Highs & Lows; aka 'Pivot Highs & Lows (ST/MT/LT)'
•Based on a seperate, longer lookback/lookforward pivot calculation. Identifies Pivot highs and lows with a 'spikeyness' filter (filtering out weak/rounded/unimpressive Pivot highs/lows)
•by 'nested' I mean that the pivot highs are graded based on whether a pivot high sits between two lower pivot highs or vice versa.
--for example: STH = normal pivot. MTH is pivot high with a lower STH on either side. LTH is a pivot high with a lower MTH on either side. Same applies to pivot lows (STL/MTL/LTL)
•This is a useful way to measure the significance of a high or low. Both in terms of how much it might be typically swept by (see later) and what it would imply for HTF bias were we to break through it in earnest (more than just a sweep).
• USER INPUTS: overall setting: show pivot highs & lows | Bars lookback (historical pivots to show) | Pivots: lookback/lookforward length (determines the scale of your pivot highs/lows) | toggle on/off Apply 'Spikeyness' filter (filters out smooth/unimpressive pivot highs/lows). Set Spikeyness index (determines the strength of this filter if turned on) | Individually toggle on each of STH, MTH, LTH, STL, MTL, LTL along with their label text type , and size . Toggle on/off line for each of these Pivot highs/lows. | Set label spacer (atr multiples above / below) | set line style and line width
3. Grade Sweeps:
•These are directly related to the nested pivots described above. Most assets will have a typical sweep distance. I've added some of my expected sweeps for various assets in the indicator tooltips.
--i.e. Eur/Usd 10-20-30 pips is a typical 'grade' sweep. S&P HKEX:5 - HKEX:10 is a typical grade sweep.
•Each of the ST/MT/LT pivot highs and lows have optional user defined grade sweep boxes which paint above until filled (or user option for historical filled boxes to remain).
•Numbers entered into sweep input boxes are auto converted into appropriate units (i.e. pips for FX, $ or 'handles' for indices, $ for Crypto. Very low $ units can be input for low unit value crypto altcoins.
• USER INPUTS: overall setting: Show sweep boxes | individually select colors of each of STH, MTH, LTH, STL, MTL, LTL sweep boxes. | Set Grade sweep ($/pips) number for each of ST, MT, LT. This auto converts between pips and $ (i.e. FX vs Indices/Crypto). Can be a float as small or large as you like ($0.000001 to HKEX:1000 ). | Set box text position (horizontal & vertical) and size , and color . | Set Box width (bars) (for non extended/ non-auto-terminating at price boxes). | toggle on/off Extend boxes/lines right . | Toggle on/off Shrink Grade sweeps on fill (they will disappear in realtime when filled/passed through)
4. FVGs:
•Fair Value gaps. Represent 'naked' candle bodies where the wicks to either side do not meet, forming a 'gap' of sorts which has a tendency to fill, or at least to fill to midline (CE).
•These are ICT concepts. 'UP' FVGS are known as BISIs (Buyside imbalance, sellside inefficiency); 'DOWN' FVGs are known as SIBIs (Sellside imbalance, buyside inefficiency).
• USER INPUTS: overall setting: show FVGs | Bars lookback (history). | Choose to display: 'UP' FVGs (BISI) and/or 'DOWN FVGs (SIBI) . Choose to display the midline: CE , the color and the line style . Choose threshold: use CE (as opposed to Full Fill) |toggle on/off Shrink FVG on fill (CE hit or Full fill) (declutter chart/see backtesting history)
////••Alerts (general notes & cautionary notes)::
•Alerts are optional for most of the levels printed by this indicator. Set them via the three dots on indicator status line.
•Due to dynamic repainting of levels, alerts should be used with caution. Best use these alerts either for Higher time frame levels, or when closely monitoring price.
--E.g. You may set an alert for down-fill of the latest FVG below; but price will keep marching up; form a newer/higher FVG, and the alert will trigger on THAT FVG being down-filled (not the original)
•Available Alerts:
-FVG(BISI) cross above threshold(CE or full-fill; user choice). Same with FVG(SIBI).
-HTF last CHoCH down, cross below | HTF last CHoCH up, cross above.
-last CHoCH down, cross below | last CHoCH up, cross above.
-LTH cross above, MTH cross above, STH cross above | LTL cross below, MTL cross below, STL cross below.
////••Formatting (general)::
•all table text color is set from the 'Pivot highs & Lows (ST, MT, LT)' section (for those of you who prefer black backgrounds).
•User choice of Line-style, line color, line width. Same with Boxes. Icon choice for chochs. Char or label text choices for ST/MT/LT pivot highs & lows.
////••User Inputs (general):
•Each of the 4 components of this indicator can be easily toggled on/off independently.
•Quite a lot of options and toggle boxes, as described in full above. Please take your time and read through all the tooltips (hover over '!' icon) to get an idea of formatting options.
•Several Lookback periods defined in bars to control how much history is shown for each of the 4 components of this indicator.
•'Shrink on fill' settings on FVGs and CHoCHs: Basically a way to declutter chart; toggle on/off depending on if you're backtesting or reading live price action.
•Table Display: applies to ST/MT/LT pivot highs and to HTF CHoCHs; Toggle table on or off (in part or in full)
////••Credits:
•Credit to ICT (Inner Circle Trader) for some of the concepts used in this indicator (FVGS & CEs; Grade sweeps).
•Credit to @Icecold_crypto for the specific and novel concept of identifying CHoCHs in a simple, objective and effective manner (as demonstrated in the 1st chart below).
CHoCH demo page 1: shifting tweak; arrow diagrams to demonstrate how CHoCHs are defined:
CHoCH demo page 2: Simplified view; short lookback history; few CHoCHs, demo of 'latest' choch being extended into the future by 10 bars:
USAGE: Bitcoin Hourly using HTF daily CHoCHs:
USAGE-2: Cotton Futures (CT1!) 2hr. Painting a rather bullish picture. Above HTF UP CHoCH, Local CHoCHs show bullish order flow, Nice targets above (MTH/LTH + grade sweeps):
Full Demo; 5min chart; CHoCHs, Short term pivot highs/lows, grade sweeps, FVGs:
Full Demo, Eur/Usd 15m: STH, MTH, LTH grade sweeps, CHoCHs, Usage for finding bias (part A):
Full Demo, Eur/Usd 15m: STH, MTH, LTH grade sweeps, CHoCHs, Usage for finding bias, 3hrs later (part B):
Realtime Vs Backtesting(A): btc/usd 15m; FVGs and CHoCHs: shrink on fill, once filled they repaint discreetly on their origin bar only. Realtime (Shrink on fill, declutter chart):
Realtime Vs Backtesting(B): btc/usd 15m; FVGs and CHoCHs: DON'T shrink on fill; they extend to the point where price crosses them, and fix/paint there. Backtesting (seeing historical behaviour):
BOCS AdaptiveBOCS Adaptive Strategy - Automated Volatility Breakout System
WHAT THIS STRATEGY DOES:
This is an automated trading strategy that detects consolidation patterns through volatility analysis and executes trades when price breaks out of these channels. Take-profit and stop-loss levels are calculated dynamically using Average True Range (ATR) to adapt to current market volatility. The strategy closes positions partially at the first profit target and exits the remainder at the second target or stop loss.
TECHNICAL METHODOLOGY:
Price Normalization Process:
The strategy begins by normalizing price to create a consistent measurement scale. It calculates the highest high and lowest low over a user-defined lookback period (default 100 bars). The current close price is then normalized using the formula: (close - lowest_low) / (highest_high - lowest_low). This produces values between 0 and 1, allowing volatility analysis to work consistently across different instruments and price levels.
Volatility Detection:
A 14-period standard deviation is applied to the normalized price series. Standard deviation measures how much prices deviate from their average - higher values indicate volatility expansion, lower values indicate consolidation. The strategy uses ta.highestbars() and ta.lowestbars() functions to track when volatility reaches peaks and troughs over the detection length period (default 14 bars).
Channel Formation Logic:
When volatility crosses from a high level to a low level, this signals the beginning of a consolidation phase. The strategy records this moment using ta.crossover(upper, lower) and begins tracking the highest and lowest prices during the consolidation. These become the channel boundaries. The duration between the crossover and current bar must exceed 10 bars minimum to avoid false channels from brief volatility spikes. Channels are drawn using box objects with the recorded high/low boundaries.
Breakout Signal Generation:
Two detection modes are available:
Strong Closes Mode (default): Breakout occurs when the candle body midpoint math.avg(close, open) exceeds the channel boundary. This filters out wick-only breaks.
Any Touch Mode: Breakout occurs when the close price exceeds the boundary.
When price closes above the upper channel boundary, a bullish breakout signal generates. When price closes below the lower boundary, a bearish breakout signal generates. The channel is then removed from the chart.
ATR-Based Risk Management:
The strategy uses request.security() to fetch ATR values from a specified timeframe, which can differ from the chart timeframe. For example, on a 5-minute chart, you can use 1-minute ATR for more responsive calculations. The ATR is calculated using ta.atr(length) with a user-defined period (default 14).
Exit levels are calculated at the moment of breakout:
Long Entry Price = Upper channel boundary
Long TP1 = Entry + (ATR × TP1 Multiplier)
Long TP2 = Entry + (ATR × TP2 Multiplier)
Long SL = Entry - (ATR × SL Multiplier)
For short trades, the calculation inverts:
Short Entry Price = Lower channel boundary
Short TP1 = Entry - (ATR × TP1 Multiplier)
Short TP2 = Entry - (ATR × TP2 Multiplier)
Short SL = Entry + (ATR × SL Multiplier)
Trade Execution Logic:
When a breakout occurs, the strategy checks if trading hours filter is satisfied (if enabled) and if position size equals zero (no existing position). If volume confirmation is enabled, it also verifies that current volume exceeds 1.2 times the 20-period simple moving average.
If all conditions are met:
strategy.entry() opens a position using the user-defined number of contracts
strategy.exit() immediately places a stop loss order
The code monitors price against TP1 and TP2 levels on each bar
When price reaches TP1, strategy.close() closes the specified number of contracts (e.g., if you enter with 3 contracts and set TP1 close to 1, it closes 1 contract). When price reaches TP2, it closes all remaining contracts. If stop loss is hit first, the entire position exits via the strategy.exit() order.
Volume Analysis System:
The strategy uses ta.requestUpAndDownVolume(timeframe) to fetch up volume, down volume, and volume delta from a specified timeframe. Three display modes are available:
Volume Mode: Shows total volume as bars scaled relative to the 20-period average
Comparison Mode: Shows up volume and down volume as separate bars above/below the channel midline
Delta Mode: Shows net volume delta (up volume - down volume) as bars, positive values above midline, negative below
The volume confirmation logic compares breakout bar volume to the 20-period SMA. If volume ÷ average > 1.2, the breakout is classified as "confirmed." When volume confirmation is enabled in settings, only confirmed breakouts generate trades.
INPUT PARAMETERS:
Strategy Settings:
Number of Contracts: Fixed quantity to trade per signal (1-1000)
Require Volume Confirmation: Toggle to only trade signals with volume >120% of average
TP1 Close Contracts: Exact number of contracts to close at first target (1-1000)
Use Trading Hours Filter: Toggle to restrict trading to specified session
Trading Hours: Session input in HHMM-HHMM format (e.g., "0930-1600")
Main Settings:
Normalization Length: Lookback bars for high/low calculation (1-500, default 100)
Box Detection Length: Period for volatility peak/trough detection (1-100, default 14)
Strong Closes Only: Toggle between body midpoint vs close price for breakout detection
Nested Channels: Allow multiple overlapping channels vs single channel at a time
ATR TP/SL Settings:
ATR Timeframe: Source timeframe for ATR calculation (1, 5, 15, 60, etc.)
ATR Length: Smoothing period for ATR (1-100, default 14)
Take Profit 1 Multiplier: Distance from entry as multiple of ATR (0.1-10.0, default 2.0)
Take Profit 2 Multiplier: Distance from entry as multiple of ATR (0.1-10.0, default 3.0)
Stop Loss Multiplier: Distance from entry as multiple of ATR (0.1-10.0, default 1.0)
Enable Take Profit 2: Toggle second profit target on/off
VISUAL INDICATORS:
Channel boxes with semi-transparent fill showing consolidation zones
Green/red colored zones at channel boundaries indicating breakout areas
Volume bars displayed within channels using selected mode
TP/SL lines with labels showing both price level and distance in points
Entry signals marked with up/down triangles at breakout price
Strategy status table showing position, contracts, P&L, ATR values, and volume confirmation status
HOW TO USE:
For 2-Minute Scalping:
Set ATR Timeframe to "1" (1-minute), ATR Length to 12, TP1 Multiplier to 2.0, TP2 Multiplier to 3.0, SL Multiplier to 1.5. Enable volume confirmation and strong closes only. Use trading hours filter to avoid low-volume periods.
For 5-15 Minute Day Trading:
Set ATR Timeframe to match chart or use 5-minute, ATR Length to 14, TP1 Multiplier to 2.0, TP2 Multiplier to 3.5, SL Multiplier to 1.2. Volume confirmation recommended but optional.
For Hourly+ Swing Trading:
Set ATR Timeframe to 15-30 minute, ATR Length to 14-21, TP1 Multiplier to 2.5, TP2 Multiplier to 4.0, SL Multiplier to 1.5. Volume confirmation optional, nested channels can be enabled for multiple setups.
BACKTEST CONSIDERATIONS:
Strategy performs best during trending or volatility expansion phases
Consolidation-heavy or choppy markets produce more false signals
Shorter timeframes require wider stop loss multipliers due to noise
Commission and slippage significantly impact performance on sub-5-minute charts
Volume confirmation generally improves win rate but reduces trade frequency
ATR multipliers should be optimized for specific instrument characteristics
COMPATIBLE MARKETS:
Works on any instrument with price and volume data including forex pairs, stock indices, individual stocks, cryptocurrency, commodities, and futures contracts. Requires TradingView data feed that includes volume for volume confirmation features to function.
KNOWN LIMITATIONS:
Stop losses execute via strategy.exit() and may not fill at exact levels during gaps or extreme volatility
request.security() on lower timeframes requires higher-tier TradingView subscription
False breakouts inherent to breakout strategies cannot be completely eliminated
Performance varies significantly based on market regime (trending vs ranging)
Partial closing logic requires sufficient position size relative to TP1 close contracts setting
RISK DISCLOSURE:
Trading involves substantial risk of loss. Past performance of this or any strategy does not guarantee future results. This strategy is provided for educational purposes and automated backtesting. Thoroughly test on historical data and paper trade before risking real capital. Market conditions change and strategies that worked historically may fail in the future. Use appropriate position sizing and never risk more than you can afford to lose. Consider consulting a licensed financial advisor before making trading decisions.
ACKNOWLEDGMENT & CREDITS:
This strategy is built upon the channel detection methodology created by AlgoAlpha in the "Smart Money Breakout Channels" indicator. Full credit and appreciation to AlgoAlpha for pioneering the normalized volatility approach to identifying consolidation patterns and sharing this innovative technique with the TradingView community. The enhancements added to the original concept include automated trade execution, multi-timeframe ATR-based risk management, partial position closing by contract count, volume confirmation filtering, and real-time position monitoring.
Volatility Forecast/*==============================================================================
Volatility Forecast — Publishable Documentation
Author: @BB_9791
License: Mozilla Public License 2.0
WHAT THIS INDICATOR SHOWS
- A daily volatility estimate in percent points, called sigma_day.
- A slow volatility anchor, the 10-year EMA of sigma_day.
- A blended volatility series in percent points:
sigma_blend = (1 − p) * sigma_day + p * EMA_10y(sigma_day)
where p is the Slow weight %, default 30.
- Optional annualization by multiplying by 16, this is a daily-to-annual
conversion used by Robert Carver in his writings.
METHODOLOGY, CREDIT
The estimator follows the approach popularized by Robert Carver
("Systematic Trading", "Advanced Futures Trading Strategies", blog qoppac).
Current daily volatility is computed as an exponentially weighted standard
deviation of daily percent returns, with alpha = 2 / (span + 1).
The slow leg is a long EMA of that volatility series, about 10 years.
The blend uses fixed weights. This keeps the slow leg meaningful through
large price level changes, since the blend is done in percent space first.
MATH DETAILS
Let r_t be daily percent return:
r_t = 100 * (Close_t / Close_{t−1} − 1)
EWMA mean and variance:
m_t = α * r_t + (1 − α) * m_{t−1}
v_t = α * (r_t − m_t)^2 + (1 − α) * v_{t−1}
where α = 2 / (span_current + 1)
Current daily sigma in percent points:
sigma_day = sqrt(v_t)
Slow leg:
sigma_10y = EMA(sigma_day, span_long)
Blend:
sigma_blend = (1 − p) * sigma_day + p * sigma_10y
Annualized option:
sigma_ann = 16 * sigma_blend
INPUTS
- Threshold (percent points): horizontal guide level on the chart.
- Short term span (days): EW stdev span for sigma_day.
- Long term span (days): EMA span for the slow leg, choose about 2500 for 10 years.
- Slow weight %: p in the blend.
- Annualize (x16): plot daily or annualized values.
- Show components: toggles Current and 10y EMA lines.
- The script uses the chart symbol by default.
PLOTS
- Blended σ% as the main line.
- Optional Current σ% and 10y EMA σ%.
- Editable horizontal threshold line in the same units as the plot
(percent points per day or per year).
- Optional EMA 9 and EMA 20 cloud on the blended series, green for uptrend
when EMA 9 is above EMA 20, red otherwise. Opacity is configurable.
HOW TO READ
- Values are percent points of movement per day when not annualized,
for example 1.2 means about 1.2% typical daily move.
- With annualize checked, values are percent points per year, for example 18
means about 18% annualized volatility.
- Use the threshold and the EMA cloud to mark high or low volatility regimes.
NOTES
- All calculations use daily data via request.security at the chart symbol.
- The blend is done in percent space, then optionally annualized, which avoids
bias from the price level.
- This script does not produce trading signals by itself, it is a risk and
regime indicator.
CREDITS
Volatility forecasting method and scaling convention credited to Robert Carver.
See his books and blog for background and parameter choices.
VERSION
v1.0 Initial public release.
==============================================================================*/
DMI MTF Color Table v5DMI Multi-Timeframe Color Table v5
A comprehensive DMI (Directional Movement Index) table that displays trend direction and strength across multiple timeframes simultaneously. This indicator helps traders quickly assess market conditions and identify confluence across different time horizons.
Features:
Multi-timeframe analysis (7 configurable timeframes)
Color-coded cells based on trend strength and direction
Real-time current market condition display
Customizable strength thresholds and color schemes
Multiple display modes (All, DI+ Only, DI- Only, ADX Only)
Text-based strength classifications (STRONG/MEDIUM/WEAK)
Directional bias indicators (BULL/BEAR)
How It Works:
The table shows DI+, DI-, and ADX values across your chosen timeframes with intelligent color coding:
Green shades indicate bullish momentum (DI+ > DI-)
Red shades indicate bearish momentum (DI- > DI+)
Color intensity reflects trend strength based on ADX values
Current market condition appears in top-right corner
Display Options:
Toggle numerical values, strength text, and timeframe labels
Adjustable table size and transparency
Customizable color schemes for all conditions
Optional current timeframe DMI plot overlay
Educational Use:
This tool is designed for educational purposes to help understand multi-timeframe analysis and DMI interpretation. All trading decisions should be based on your own analysis and risk management.
Credits:
Original concept and development by Profitgang. If you use or modify this script, please provide appropriate credit to the original author.
Note: This indicator is for analysis purposes only. Past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance before making trading decisions.