London Breakout Structure by AleThis indicator identifies market structure breakouts (CHOCH/BOS) within a specific London session window, highlighting potential breakout trades with automatic entry, stop loss (SL), and take profit (TP) levels.
It helps traders focus on high-probability breakouts when volatility increases after the Asian session, using price structure, ATR-based volatility filters, and a custom risk/reward setup.
🔹 Example of Strategy Application
Define your session (e.g. 04:00 to 05:00).
Wait for a CHOCH (Change of Character) inside this session.
If a bullish CHOCH occurs → go LONG at candle close.
If a bearish CHOCH occurs → go SHORT at candle close.
SL is set below/above the previous swing using ATR × multiplier.
TP is calculated automatically based on your R:R ratio.
📊 Example:
When price breaks above the last swing high within the session, a “BUY” label appears and the indicator draws Entry, SL, and TP levels automatically.
If the breakout fails and price closes below the opposite structure, a “SELL” signal will replace the bullish setup.
🔹 Details
The logic is based on structural shifts (CHOCH/BOS):
A CHOCH occurs when price breaks and closes beyond the most recent high/low.
The indicator dynamically detects these shifts in structure, validating them only inside your chosen time window (e.g. the London Open).
The ATR filter ensures setups are valid only when the range has enough volatility, avoiding false signals in low-volume hours.
You can also visualize:
The session area (purple background)
Entry, Stop Loss, and Take Profit levels
Direction labels (BUY/SELL)
ATR line for volatility context
🔹 Configuration
Start / End Hour: define your preferred trading window.
ATR Length & Multiplier: adjust for volatility.
Risk/Reward Ratio: set your desired R:R (default 1:2).
Minimum Range Filter: avoids signals with tight SLs.
Alerts: receive notifications when breakout conditions occur.
🔹 Recommendations
Works best on 15m or 5m charts during London session.
Designed for breakout and structure-based traders.
Works on Forex, Crypto, and Indices.
Ideal as a visual and educational tool for understanding BOS/CHOCH behavior.
指标和策略
lib_master_indicators_v2Library "lib_master_indicators_v2"
f_adx_di(h, l, c, len)
Parameters:
h (float)
l (float)
c (float)
len (int)
f_di_pack(h, l, c, len)
Parameters:
h (float)
l (float)
c (float)
len (int)
f_ce_long(h, l, c, len, mult, useClose)
Parameters:
h (float)
l (float)
c (float)
len (simple int)
mult (float)
useClose (bool)
f_wavetrend(src, n1, n2)
Parameters:
src (float)
n1 (simple int)
n2 (simple int)
f_utbot(close_src, key, atrPeriod, useHA)
Parameters:
close_src (float)
key (float)
atrPeriod (simple int)
useHA (bool)
f_rex(src_o, src_h, src_l, src_c, maType, len, sigType, sigLen)
Parameters:
src_o (float)
src_h (float)
src_l (float)
src_c (float)
maType (string)
len (simple int)
sigType (string)
sigLen (simple int)
f_srocst(src, rocLen, smoothLen, maType, lsmaOffset)
Parameters:
src (float)
rocLen (int)
smoothLen (simple int)
maType (string)
lsmaOffset (simple int)
f_kalman_hull_st(src, measurementNoise, processNoise, atrLen, factor)
Parameters:
src (float)
measurementNoise (float)
processNoise (float)
atrLen (simple int)
factor (float)
f_smc_v2_placeholder()
Wick Bias - by TenAMTraderWick Bias - by TenAMTrader
Wick Bias helps traders quickly visualize market pressure by analyzing candle wicks and bodies over a user-defined number of bars. By comparing top and bottom wicks, the indicator identifies whether buying or selling pressure has been dominant, providing a clear Indicator Bias signal (Bullish, Bearish, or Neutral).
Key Features:
Shows Top Wicks %, Bottom Wicks %, and optional Body % for recent candles.
Highlights Indicator Bias to indicate short-term market trends.
Fully customizable colors for table rows and bias labels.
Option to show or hide body percentage.
Alerts trigger on bias flips, with optional on-chart labels.
Table can be placed in any chart corner.
Updates in real-time with each new bar.
Recommended Use:
Ideal for intraday and swing traders looking for a quick visual cue of short-term market momentum.
Can be combined with other technical analysis tools to confirm trade setups or potential reversals.
Disclaimer / Legal Notice:
This indicator is for educational and informational purposes only. It is not financial advice and should not be used as the sole basis for trading decisions. Past performance does not guarantee future results. Users are responsible for their own trades. The developer is not liable for any losses or damages resulting from the use of this indicator.
Levels[cz]Description
Levels is a proportional price grid indicator that draws adaptive horizontal levels based on higher timeframe (HTF) closes.
Instead of relying on swing highs/lows or pivots, it builds structured support and resistance zones using fixed percentage increments from a Daily, Weekly, or Monthly reference close.
This creates a consistent geometric framework that helps traders visualize price zones where reactions or consolidations often occur.
How It Works
The script retrieves the last HTF close (Daily/Weekly/Monthly).
It then calculates percentage-based increments (e.g., 0.5%, 1%, 2%, 4%) above and below that reference.
Each percentage forms a distinct “level group,” creating layered grids of potential reaction zones.
Levels are automatically filtered to avoid overlap between different groups, keeping the chart clean.
Visibility is dynamically controlled by timeframe:
Level 1 → up to 15m
Level 2 → up to 1h
Level 3 → up to 4h
Level 4 → up to 1D
This ensures the right amount of structural detail at every zoom level.
How to Use
Identify confluence zones where multiple levels cluster — often areas of strong liquidity or reversals.
Use the grid as a support/resistance map for entries, targets, and stop placement.
Combine with trend or momentum indicators to validate reactions at key price bands.
Adjust the percentage increments and reference timeframe to match the volatility of your instrument (e.g., smaller steps for crypto, larger for indices).
Concept
The indicator is based on the idea that markets move in proportional price steps, not random fluctuations.
By anchoring levels to a higher-timeframe close and expanding outward geometrically, Levels highlights recurring equilibrium and expansion zones — areas where traders can anticipate probable turning points or consolidations.
Features
4 customizable percentage-based level sets
Dynamic visibility by timeframe
Non-overlapping level hierarchy
Lightweight on performance
Fully customizable colors, styles, and widths
LegendaryGoldTraderLegendaryGoldTrader Signals – TradingView Indicator
This script is a comprehensive multi-indicator signal tool for XAUUSD (Gold), optimized for short timeframes from 1 to 15 minutes. It combines trend, momentum, and entry indicators to help identify potential Long and Short trading opportunities.
Features:
EMA (Trend Filter): Two EMAs determine the short-term trend direction.
RSI: Highlights overbought and oversold conditions.
MACD: Detects momentum shifts and trend changes.
Stochastic: Provides precise entry timing.
ADX: Confirms trend strength and filters signals during weak trends.
3-Candle Pattern (optional): Identifies short-term reversal patterns for Long or Short entries.
BUY/SELL Labels: Clear signals displayed above or below the chart.
Info Window: Displays all indicator signals and trend strength at a glance.
Highlights:
Fully configurable indicators and signals.
3-Candle Pattern can be enabled or disabled.
Suitable for fast intraday trading on minute charts, but flexible for other timeframes.
Supports trend confirmation and false-signal filtering for controlled entries.
AUTOMATIC ANALYSIS MODULE🧭 Overview
“Automatic Analysis Module” is a professional, multi-indicator system that interprets market conditions in real time using TSI, RSI, and ATR metrics.
It automatically detects trend reversals, volatility compressions, and momentum exhaustion, helping traders identify high-probability setups without manual analysis.
⚙️ Core Logic
The script continuously evaluates:
TSI (True Strength Index) → trend direction, strength, and early reversal zones.
RSI (Relative Strength Index) → momentum extremes and technical divergences.
ATR (Average True Range) → volatility expansion or compression phases.
Multi-timeframe ATR comparison → detects whether the weekly structure supports or contradicts the local move.
The system combines these signals to produce an automatic interpretation displayed directly on the chart.
📊 Interpretation Table
At every new bar close, the indicator updates a compact dashboard (bottom right corner) showing:
🔵 Main interpretation → trend, reversal, exhaustion, or trap scenario.
🟢 Micro ATR context → volatility check and flow analysis (stable / expanding / contracting).
Each condition is expressed in plain English for quick decision-making — ideal for professional traders who manage multiple charts.
📈 How to Use
1️⃣ Load the indicator on your preferred asset and timeframe (recommended: Daily or 4H).
2️⃣ Watch the blue line message for the main trend interpretation.
3️⃣ Use the green line message as a volatility gauge before entering.
4️⃣ Confirm entries with your own strategy or price structure.
Typical examples:
“Possible bullish reversal” → early accumulation signal.
“Compression phase → wait for breakout” → avoid premature trades.
“Confirmed uptrend” → trend continuation zone.
⚡ Key Features
Real-time auto-interpretation of TSI/RSI/ATR signals.
Detects both bull/bear traps and trend exhaustion zones.
Highlights volatility transitions before breakouts occur.
Works across all assets and timeframes.
No repainting — stable on historical data.
✅ Ideal For
Swing traders, position traders, and institutional analysts who want automated context recognition instead of manual indicator reading.
Money Line ApproximationSimilar to Ivan's money line minus the Macro data.
How to Interpret and Use It
Bullish Setup : Green line + buy signal = Potential entry (e.g., buy on pullback to the line). Expect upward momentum if RSI stays below 75.
Bearish Setup : Red line + sell signal = Potential exit or short (e.g., sell near the line). Watch for RSI above 25 confirming downside.
Neutral Periods : Yellow line indicates indecision—best to wait for a flip rather than force trades.
Strengths : Simple, visual, and filtered against extremes; works well in trending markets by blending EMAs and using RSI to avoid overbought buys or oversold sells.
Low Range Predictor [NR4/NR7 after WR4/WR7/WR20, within 1-3Days]Indicator Overview
The Low Range Predictor is a TradingView indicator displayed in a single panel below the chart. It spots volatility contraction setups (NR4/NR7 within 1–3 days of WR4/WR7/WR20) to predict low-range moves (e.g., <0.5% daily on SPY) over 2–5 days, perfect for your weekly 15/22 DTE put calendar spread strategy.
What You See
• Red Histograms (WR, Volatility Climax):
• WR4: Half-length red bars, widest range in 4 bars.
• WR7: Three-quarter-length red bars, widest in 7 bars.
• WR20: Full-length red bars, widest in 20 bars.
• Green Histograms (NR, Entry Signals):
• NR4: Half-length green bars, only on NR4 days (tightest range in 4 bars) within 1–3 days of a WR4.
• NR7: Full-length green bars, only on NR7 days within 1–3 days of a WR7.
• Panel: All signals (red WR4/WR7/WR20, green NR4/NR7) show in one panel below the chart, with green bars marking put calendar entry days.
Probabilities
• Volatility Contraction:
• NR4 after WR4: 65–70% chance of daily ranges <0.5% on SPY for 2–5 days (ATR drops 20–30%). Occurs ~2–3 times/month.
• NR7 after WR7: 60–65% chance of similar low ranges, less frequent (~1–2 times/month).
• Backtest (SPY, 2000–2025): 65% of NR4/NR7 signals lead to reduced volatility (<0.7% daily range) vs. 50% for random days.
• Signal Frequency: NR4 signals are more common than NR7, ideal for weekly entries. WR20 provides context but isn’t tied to NR signals.
SMA 10 & 50SMA10&50
SMA 10 & 50 is a simple dual moving average indicator that plots two Simple Moving Averages (SMA) on the price chart: SMA10 and SMA50.
Features:
- SMA10 (fast): Period 10
- SMA50 (slow): Period 50
- Customizable source for each SMA
- Distinct colors for better visualization
Ideal for identifying short-term vs long-term trends, crossovers, and dynamic support/resistance levels.
RSI Value Table – match builtin🧭 Overview
“RSI Value Table – match builtin” displays the exact RSI value (identical to TradingView’s built-in RSI) for any selected timeframe — directly on your chart.
It’s designed for professional traders who need quick RSI confirmation without switching panels or opening multiple indicators.
⚙️ Core Logic
Reads RSI from any timeframe using request.security() with gaps_off and lookahead_off — ensuring a perfect match with the native RSI.
Optional EMA smoothing (non-standard) for visual stability.
Color-coded cell:
🟩 Green → RSI > 50 (bullish momentum)
🟥 Red → RSI < 50 (bearish momentum)
🟨 Yellow → Neutral zone around 50
Adjustable table position: top/bottom, left/right corners.
⚡ Alerts
Built-in alert conditions trigger automatically:
RSI > 50 → bullish momentum confirmation.
RSI < 50 → bearish momentum confirmation.
📈 How to Use
Select your preferred RSI timeframe (e.g., Daily, Weekly, 4H).
Watch the color-coded cell:
Green → trade long bias only.
Red → short bias only.
Ideal as a confirmation module for multi-timeframe systems or smart signal engines.
BB_1-44 ББ в одном (4 in 1)
BB_1-4 is a multi-timeframe Bollinger Bands indicator that displays four different sets of Bollinger Bands on the price chart with customizable periods, line styles, and transparency levels.
Features:
- Four Bollinger Bands sets: bb_1 (20), bb_2 (80), bb_3 (160), bb_4 (320)
- Customizable period and multiplier for each set
- Unique line styles: standard, stepline, and stepline_diamond
- Adjustable line transparency for better visibility
- No fill between bands for cleaner chart layout
Ideal for multi-timeframe analysis, volatility assessment, and support/resistance level identification.
Session Lines Clean (Asia/London/NY)Session Lines Clean (Asia/London/NY) — v6” automatically plots the high and low levels of the Asia and London forex sessions, and marks the opening times of Asia, London, and New York sessions with vertical dashed lines. The indicator helps traders quickly identify key session ranges, potential liquidity areas, and time-based structure levels. Optional labels and visibility toggles make it easy to customize the display without cluttering the chart.
Custom Session highlighter - Dual Sessions + TimezoneCustom Session highlighter - Dual Sessions + Timezone
Match on Selectable Percentage Change + RangeIndicator Overview:
Match on Selectable Percentage Change + Range is a powerful analytical tool designed for traders and analysts who want to identify historical price bars that match a specific percentage variation, and then evaluate how price evolved in the following days. It combines precision filtering with visual tabular feedback, making it ideal for pattern recognition, backtesting, and scenario analysis.
What It Does
This indicator scans historical bars to find instances where the percentage change between two consecutive closes matches a user-defined target (± a customizable tolerance). Once matches are found, it displays:
The date of each match (most recent first)
The actual variation searched
The percentage change after 2, 10, 20, and 30 bars
The min-max range (in %) over those same periods
All results are shown in a dynamic table directly on the chart.
Inputs & Controls
Input Description
Which variation do you want to analyze? (%)
Set the target percentage change to look for (e.g. 2.5%)
% deviation from the variation to be considered (%) Define the tolerance range around the target (e.g. ±0.5%)
Bars to analyze (max 9999) Set how many past bars to scan
Show match table Toggle to enable/disable the entire table
Show percentage variations (2d, 10d, 20d, 30d) Toggle to show/hide post-match percentage changes
Show min-max ranges (2d, 10d, 20d, 30d) Toggle to show/hide post-match high/low ranges
Table Structure
Each row in the table represents a historical match. Columns include:
Date: When the match occurred
Variation in: The actual % change that triggered the match
2d / 10d / 20d / 30d: % change after those days
Min-Max 2d / 10d / 20d / 30d: Range of price movement after those days
Color coding helps quickly identify bullish (green) vs bearish (red) outcomes.
Use Cases
Backtesting: See how similar past moves evolved over time
Scenario modeling: Estimate potential outcomes after a known variation
Pattern recognition: Spot recurring setups or volatility clusters
Risk analysis: Understand post-variation drawdowns and upside potential
Tips for Use
Use tighter deviation (e.g. 0.3%) for precision, or wider (e.g. 1%) for broader pattern capture.
Combine with other indicators to validate setups (e.g. volume, RSI, trend filters).
Toggle off variation or range columns to focus only on the metrics you need.
Spread Trading Z-ScoreIndicator: Z-Score Spread Indicator
Description
The "Z-Score Spread Indicator" is a powerful tool for traders employing mean-reversion strategies on the spread between two financial assets (e.g., futures contracts like MNQ and MES). This indicator calculates and plots the Z-score of the price spread, indicating how far the current spread deviates from its historical mean. It features customizable entry and exit thresholds with adjustable offsets, along with an estimated p-value displayed in a table to assess statistical significance.
Key Features
Asset Selection: Allows users to select two asset symbols (e.g., CME_MINI:MNQ1! and CME_MINI:MES1!) via customizable inputs.
Z-Score Calculation: Computes the Z-score based on the spread’s simple moving average and standard deviation over a user-defined lookback period.
Customizable Thresholds with Offset: Offers adjustable base entry and exit thresholds, with an optional offset to fine-tune trading levels, plotted as horizontal lines.
P-Value Estimation: Provides an approximate p-value to evaluate the statistical significance of the Z-score, displayed in a table anchored to the top-left corner.
Visual Representation: Plots the Z-score with a zero line and threshold lines for intuitive interpretation.
Adjustable Parameters
Asset A Symbol: Symbol for Asset A (default: CME_MINI:MNQ1!).
Asset B Symbol: Symbol for Asset B (default: CME_MINI:MES1!).
Z-Score Lookback: Lookback period for Z-score calculation (default: 40, minimum 2).
Base Entry Threshold: Threshold for entry signals (default: 1.8, adjustable with a step of 0.1).
Base Exit Threshold: Threshold for exit signals (default: 0.5, adjustable with a step of 0.1).
Threshold Offset (+/-): Offset to adjust entry and exit thresholds symmetrically (default: 0.0, range -5.0 to 5.0, step 0.1).
Usage
Add the indicator to your chart via the "Indicators" tab.
Customize the parameters based on your preferred assets and trading strategy (lookback period, thresholds, offset).
Observe the Z-score plot and threshold lines (red for short entry, green for long entry, orange dotted for exits) to identify potential trade setups.
Check the p-value table in the top-left corner to assess the statistical significance of the current Z-score.
Use this data to inform mean-reversion trading decisions, ideally in conjunction with other indicators.
Notes
A Z-score above the entry threshold (positive) or below the negative entry threshold suggests a potential short or long entry, respectively. Exits are signaled when the Z-score crosses the exit thresholds.
The p-value is an approximation based on the normal distribution; a value below 0.05 typically indicates statistical significance, but further validation is recommended.
The indicator uses a simple spread (Asset A - Asset B) without volatility adjustments; consider pairing it with a lots calculator for hedging.
Limitations
The p-value is an approximation and may not reflect advanced statistical tests (e.g., ADF) due to Pine Script constraints.
No automatic trading signals are generated; it provides data for manual analysis.
Author
Developed by grogusama, October 15, 2025, 07:29 PM CEST.
Open Interest FaraGroup Editionopen interest for a closed group :)
An open interest chart is used, as well as additional functionality.
The ability to specify any data as a source, not just public interest.
Moon_TimeBreaks_Indicator🌙 Moon + Timeframe Breaks (Daily, Weekly, Monthly, Quarterly, Yearly)
A unique indicator that combines lunar cycles with major time-based breaks to reveal potential rhythm and cycle shifts in price behavior.
🔹 Features
Displays New Moon and Full Moon phases directly on the chart.
Highlights background color during lunar events.
Draws dynamic timeframe separators for Day, Week, Month, Quarter, and Year.
Helps identify cyclical turning points and time-based reactions in markets.
🔹 Customization
Toggle moon phases, background, or time breaks individually.
Adjust colors for each period (daily, weekly, etc.).
Works on all instruments and timeframes.
🔹 Use Case
Perfect for traders interested in time-price harmony, cyclical analysis, or astro-based market timing.
It pairs well with structure or liquidity tools to enhance timing accuracy.
Limite de compensation des fraisPermet de tracer la limite des frais à compenser avant d'atteindre le seuil de rentabilité
Multi-TF Trend Dashboard (12H / D / W)Trend Alignment Dashboard (12H/D/W, 200 EMA)
Quickly see trend direction across 12H, Daily, and Weekly charts. Includes 12H 200 EMA for major trend confirmation. Perfect for spotting strong multi-timeframe alignment at a glance.
TPD IndicatorTPD Indicator.
I stopped trading and someone asked for this on twitter, so feel free to use, abuse, and modify.
x.com
Squeeze Breakout Strategy [KedArc Quant]Description:
Squeeze Breakout strategy looks for volatility compression (Bollinger Bands inside Keltner Channels = a “squeeze”), then trades the volatility expansion in the direction of a momentum filter.
🧠 How the “Squeeze → Expansion” works
- Markets alternate between quiet (compressed) and active (expanded) phases.
- We call it a squeeze when Bollinger Bands (BB)—which reflect standard deviation around price—shrink inside the Keltner Channels (KC)—which reflect ATR/range.
- This means dispersion (stdev) is small relative to typical range (ATR). Price is coiling; participants are agreeing on value.
- When BB pops back outside KC, the squeeze releases. That’s the first sign that volatility is expanding again.
- A release alone doesn’t tell you direction. That’s why this strategy pairs the release with a momentum filter:
- We estimate momentum using a smoothed linear-regression slope of price (a clean proxy for acceleration).
- If the slope is positive at release, we favor longs; if negative, we favor shorts.
- Optionally, you can require Band Break + Momentum (price closes beyond the BB) for a stricter entry.
- This combination aims to capture the first leg of the range-to-trend transition while avoiding random pokes that often occur during tight consolidations.
💡 Why this is unique
Two entry modes (toggle):
1. Release + Momentum (enter when the squeeze turns off)
2. Band Break + Momentum (enter on a close beyond BB with momentum)
- Momentum = smoothed linear-regression slope, a clean thrust detector that’s less laggy than many oscillators.
- Risk module included: ATR stop, optional 1R partial take-profit, and a Chandelier trailing stop for the runner.
- Practical filters: higher-timeframe EMA trend alignment, volume surge, minimum BB width, and session window—so it adapts across markets/timeframes.
- Backtest-ready: uses TradingView’s `strategy.` framework with commission/slippage controls.
📈 How it helps traders
✅Regime clarity: distinguishes compression vs. expansion so you’re not forcing trades during dead zones.
✅Objective entries: momentum + band logic reduces discretionary “feel” and late chases.
✅Built-in risk plan: stop/targets/trailing defined in inputs—consistent execution across tickers.
✅Adaptable: works across instruments/timeframes; filters let you tailor noise tolerance per market session.
✅Alerts: real-time signals for entry and squeeze release.
✅Not a Mash-Up / Original Work
✅Fully authored in Pine Script v6; no external libraries or copied logic blocks.
✅Uses well-known, documented formulas (BB, KC, ATR, LinReg slope) combined into a new rule set (two entry modes + momentum + structured exits).
✅Code and parameters are transparent and adjustable; the script stands alone.
🧩 Formulas (core)
Bollinger Bands
# Basis = `SMA(close, bbLen)`
# Upper/Lower = `Basis ± bbMult × stdev(close, bbLen)`
# Width% = `(Upper − Lower) / Basis × 100`
Keltner Channels
# Basis = `EMA(close, kcLen)`
# Upper/Lower = `Basis ± kcMult × ATR(kcATR)`
Squeeze state
# ON: `BB_Upper < KC_Upper` and `BB_Lower > KC_Lower`
# Release: `squeeze_on ` and `not squeeze_on`
Momentum (this script)
# `lin = linreg(close, momLen, 0)`
# `mom = SMA( lin − lin , momSmoothing )`
# Long bias when `mom > 0`; short bias when `mom < 0`.
⚙️ Inputs
Compression
`bbLen`, `bbMult` — BB length & std-dev multiplier
`kcLen`, `kcATR`, `kcMult` — KC lengths & ATR multiplier
`Entry Mode` — Release + Momentum, Band Break + Momentum, or Either
Momentum
`momLen`, `momSmoothing`
Filters (optional)
`Use HTF Trend Filter` + `HTF Timeframe` + `HTF EMA Length`
`Require Volume Surge` (`volLen`, `volMult`)
`Avoid Ultra-Low Vol` (`Min BB Width %`)
`Session` window
Risk / Exits
`ATR Length`, `ATR Stop Multiplier`
`Take Profit at 1R` (with Partial 50%)
`Chandelier` (`chLen`, `chMult`)
Optional `Time Stop (bars)`
🎯 Entry & Exit Rules
Entry (choose one mode):
1. Release + Momentum (default)
Long: on the bar the squeeze releases and `mom > 0`, passing all enabled filters.
Short: on the bar the squeeze releases and `mom < 0`, passing filters.
2. Band Break + Momentum
Long: `close > BB_Upper` and `mom > 0`, with filters.
Short: `close < BB_Lower` and `mom < 0`, with filters.
Initial Stop
ATR-based: `Stop Distance = atrMult × ATR(atrLen)` from entry.
Targets & Runner
TP1 at 1R (optional): take 50% at `entry + 1R` (long) / `entry − 1R` (short).
Runner: remaining position trails a Chandelier stop:
Long trail = `highest(high, chLen) − chMult × ATR`
Short trail = `lowest(low, chLen) + chMult × ATR`
Optional Time Stop: close the trade after N bars in position.
Labels on chart
“Long” / “Short” = entry signals.
“L-TP1 / S-TP1” = partial exits at 1R.
“L-Runner / S-Runner” = trailing-stop exits of the runner.
Alerts
Provided for Long Entry, Short Entry, and Squeeze Release.
💬 How to use
1. Choose your market/timeframe (e.g., NSE 5–15m intraday, 60m–Daily for swing).
2. If you prefer cleaner trends, enable the HTF EMA filter (e.g., 240m/1D).
3. For intraday, consider Band Break + Momentum with Volume Surge and a small Min BB Width.
4. Adjust ATR/Chandelier multipliers to fit your risk tolerance and instrument.
Abbreviations
BB – Bollinger Bands
KC – Keltner Channels
ATR – Average True Range
SMA / EMA – Simple/Exponential Moving Average
HTF – Higher Timeframe
R – Risk unit (equal to the initial stop distance)
⚠️ Disclaimer
This script is for educational purposes only. Past performance ≠ future returns. Always paper trade first. Options trading carries high risk — manage exposure responsibly.
