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TSD Quantum [Moeinudin Montazerfaraj] 🔹 TSD Quantum is a specialized indicator designed exclusively for day traders who trade EURUSD, XAUUSD (Gold), and DAX40 on the 1H, 15M, and 5M timeframes using a Supply & Demand-based strategy. This indicator is **not suitable for other symbols** and has been tailored specifically for these three assets to ensure high precision and effectiveness. --- ### 🔍 Key Features: ✅ **Trading Checklist Panel** A built-in checklist helps you track every rule in your trading plan. If even one condition is left unchecked, the system highlights it in red and marks the trade as "Not Allowed." This feature enhances trading discipline. ✅ **Spread & ATR Control Panel** Supports both auto-calculated and fixed values for spread and ATR. This is especially helpful when placing stop-losses quickly and accurately. ✅ **Inside & Outside Candle Detection** A dedicated panel highlights whether the last candle is inside or outside. Hovering your mouse over the chart elements automatically colorizes the candles: 🔵 Blue = Outside candle 🔴 Red = Inside candle Also displays the high/low of the latest outside bar. ✅ **Weekly Trade Stats Panel** Custom-built for the mentioned three assets. You can enter your trades using either fixed risk or floating risk models. ✅ **Performance Metrics** Helps you build and adjust a floating risk model—so you don’t have to enter every trade with the same lot size. Improves risk management across multiple trades. ✅ **Base Candles Display** Grey and white base candles are marked based on supply and demand zones. ✅ **EOT Candles** Candles with a green dot underneath indicate valid EOT opportunities for potential move-outs. ✅ **RC (Rejection Candle) Detection** RC candles are automatically detected to alert you of potential traps or weaknesses during Supply/Demand formations. --- ### ⚠️ Disclaimer This indicator does **not** issue buy/sell signals and **cannot guarantee profit or prevent loss**. It is a **tool for discretionary trading**, not an automated expert advisor. All decisions must be made by the trader based on their own strategy and risk tolerance. This is the **latest tested version** of TSD Quantum. All features have been validated and function as intended. Future updates will be provided if needed. --- 🙏 Thank you for reviewing this script. We hope it becomes a valuable addition to your day trading toolkit!
Pine Script® indicator
by mrmoeinudinQuantum
Investor Tool - Z ScoreThe Investor Tool is intended as a tool for long term investors, indicating periods where prices are likely approaching cyclical tops or bottoms. The tool uses two simple moving averages of price as the basis for under/overvalued conditions: the 2-year MA (green) and a 5x multiple of the 2-year MA (red). Price trading below the 2-year MA has historically generated outsized returns, and signalled bear cycle lows. Price trading above the 2-year MA x5 has been historically signalled bull cycle tops and a zone where investors de-risk. Just like the Glassnode one, but here on TV and with StDev bands Now with Z-SCORE calculation: The Z-Score is calculated to be -3 Z at the bottom bands and 3 Z at the top bands mean = (upper_sma + bottom_sma) / 2 bands_range = upper_sma - bottom_sma stdDev = bands_range != 0 ? bands_range / 6 : 0 zScore = stdDev != 0 ? (close - mean) / stdDev : 0 Created for TRW
Pine Script® indicator
by Commandoum
TDPO-RSI (Time-Decaying Percentile RSI)TDPO-RSI (Time-Decaying Percentile RSI) TDPO-RSI is a modern, statistically-enhanced momentum indicator that improves on traditional RSI by using percentile-based analysis with exponential time decay. Instead of averaging gains and losses equally, this indicator ranks them by size and weights recent data more heavily—resulting in a more responsive and noise-resistant signal. How it works: Calculates percentile rank of gains and losses over a lookback window Applies a decay factor (lambda) to give more weight to recent price action Outputs a percentile-based RSI value between 0 and 100 Optional smoothing via EMA for clearer crossover signals Key Uses: Identify overbought/oversold zones (default: 70/30) Use raw vs. smoothed RSI crossovers for entries Detect momentum shifts earlier than traditional RSI Suitable for scalping, trend continuation, and reversal setups Inputs: Lookback Length: Number of bars used for percentile calculation Decay Factor (lambda): How quickly older data fades in influence (0.80–0.99) Smoothing EMA: Smooths the final output to reduce noise Tip: Combine with price structure and volume for best results. Higher timeframes can be used for trend context, while lower timeframes help with precise entries. This tool is ideal for traders who want adaptive momentum analysis rooted in statistical behavior.
Pine Script® indicator
by bearbearbull23
Target in ATR by G.I.N.e TradingTarget in ATR (Bar View) 🧭 Purpose: This indicator visualizes the target level for a trade as a percentage of the ATR (Average True Range). It is designed to help traders adapt their profit-taking logic to current market volatility. Features: ATR-based dynamic target: Automatically adjusts to market volatility Color-coded bars to visually represent volatility regimes: 🟢 Green → High volatility (Target > ATR) → Ideal for trailing stops 🟠 Orange → Moderate volatility (Target between 0.5×ATR and ATR) → Good for fixed targets 🔴 Red → Low volatility (Target < 0.5×ATR) → Consider avoiding trades Optional line plot to show current target value as a continuous line
Pine Script® indicator
by Chrispet78
EMA Buy Sell Non Repaint By Dadasaheb//@version=5 indicator("EMA Buy Sell Non Repaint By Dadasaheb", overlay=true) //-------------------- // Inputs //-------------------- fastLength = input.int(9, "Fast EMA Length") slowLength = input.int(21, "Slow EMA Length") showSignals = input.bool(true, "Show Buy/Sell Arrows?") //-------------------- // EMA Calculations //-------------------- fastEMA = ta.ema(close, fastLength) slowEMA = ta.ema(close, slowLength) // Trend Detection bullTrend = fastEMA > slowEMA bearTrend = fastEMA < slowEMA //-------------------- // Plot EMAs //-------------------- plot(fastEMA, color = bullTrend ? color.lime : color.red, title="Fast EMA", linewidth=2) plot(slowEMA, color = color.new(color.yellow, 0), title="Slow EMA", linewidth=2) //-------------------- // Buy/Sell Signals //-------------------- buySignal = ta.crossover(fastEMA, slowEMA) sellSignal = ta.crossunder(fastEMA, slowEMA) plotshape(showSignals and buySignal, title="Buy Signal", location=location.belowbar, color=color.green, style=shape.triangleup, size=size.large, text="BUY") plotshape(showSignals and sellSignal, title="Sell Signal", location=location.abovebar, color=color.red, style=shape.triangledown, size=size.large, text="SELL")
Pine Script® indicator
by dadasaheb201314
NEO IMACD Strategy SL y TPNEO IMACD Strategy SL y TP A structured momentum and trend-following strategy with dynamic SL/TP visual management. Description The NEO IMACD Strategy SL y TP is a technical trading system that uses enhanced MACD logic over ZLEMA to detect directional momentum changes, combined with an EMA filter and automated risk management through customizable stop loss and take profit levels. This script is built with a clear educational purpose: to help traders understand how to apply structured entries and exits using a clean visual layout. It is ideal for both intermediate and beginner traders who want to simulate consistent setups and develop disciplined strategies based on technical confluence. All code logic is fully transparent and does not repaint. The strategy uses fixed position sizing and percentage-based TP/SL to control risk, making it accessible for traders with small accounts or those learning structured trading systems. Key Indicators ZLEMA (Zero-Lag EMA): for responsive price smoothing MACD (with ZLEMA input): for momentum and trend shift detection EMA 100: for overall trend direction filtering RSI (14): used as an optional confirmation for exits Long Entry Conditions Price is above EMA 100 MACD crosses above the signal line Histogram is not flat (MACD lines are not parallel) Short Entry Conditions Price is below EMA 100 MACD crosses below the signal line Histogram is not flat (MACD lines are not parallel) Exit Logic Long positions close if: MACD crosses below the signal line Histogram declines RSI drops from overbought (above 70) Short positions close if: MACD crosses above the signal line Histogram declines RSI rises from oversold (below 30) Risk Management Stop Loss: set as a fixed percentage of entry price (default 0.5%) Take Profit: based on user-defined risk-reward ratio (default 2:1) Both SL and TP levels are plotted as lines, with optional price labels Strategy Settings ZLEMA Length: 34 MACD: 12 / 26 / 9 EMA 100: trend filter RSI: 14 Stop Loss: 0.5% (adjustable) Risk-Reward Ratio: 2.0 (default) Position Size: 1 (fixed) Notes This script is for educational and backtesting purposes only. It is not financial advice or a signal provider. Always test and adapt before applying any strategy in real market conditions.
Pine Script® strategy
by Los7capitales
Quantum Range Filter by MRKcoin### Quantum Range Filter by MRKcoin **Overview** This indicator is a sophisticated range detection tool designed based on the principles of quantitative multi-factor models. Instead of relying on a single condition, it assesses the market from three different dimensions to provide a more robust and reliable identification of range-bound (sideways) markets. When the background is highlighted in red, it indicates that the market is likely in a range phase, suggesting that trend-following strategies may be less effective, and mean-reversion (range trading) strategies could be more suitable. --- **Core Logic: A Multi-Factor Approach** The filter evaluates the market state using the following three independent factors: 1. **Momentum Volatility (RSI Bollinger Bandwidth):** * **Question:** Is the momentum of the market contracting? * **Method:** It measures the width of the Bollinger Bands applied to the RSI. A narrow bandwidth suggests that momentum is consolidating, which is a common characteristic of a range market. 2. **Price Volatility (ATR Ratio):** * **Question:** Is the actual price movement shrinking? * **Method:** It calculates the Average True Range (ATR) as a percentage of the closing price. A low ratio indicates that the price volatility itself is low, reinforcing the case for a range environment. 3. **Absence of Trend (ADX):** * **Question:** Is there a lack of a clear directional trend? * **Method:** It uses the Average Directional Index (ADX), a standard tool for measuring trend strength. A low ADX value provides active confirmation that the market is not in a trending phase. --- **How to Use** 1. **Range Detection:** The primary use is to identify ranging markets. The red highlighted background serves as a visual cue. 2. **Strategy Selection:** * **Inside the Red Zone:** Consider using range-trading strategies (e.g., buying at support, selling at resistance, using oscillators like RSI or Stochastics for overbought/oversold signals). Avoid using trend-following indicators like moving average crossovers, as they are prone to generating false signals in these conditions. * **Outside the Red Zone:** The market is likely trending. Trend-following strategies are more appropriate. 3. **Parameter Tuning (In Settings):** * **This is the key to adapting the filter to any market or timeframe.** Different assets (like BTC vs. ETH) and different timeframes have unique volatility characteristics. Don't hesitate to adjust the parameters to fit the specific chart you are analyzing. * **Range Detection Score:** This is the most important setting. It determines how many of the three factors must agree to classify the market as a range. The default is `2`, which provides a good balance. * If the filter seems **too sensitive** (highlighting too often), increase the score to `3`. * If the filter seems **not sensitive enough** (missing obvious ranges), decrease the score to `1`. * **Factor Thresholds:** For fine-tuning, adjust the thresholds for each factor. * **`RSI BB Width Threshold`:** If you want to detect even tighter momentum consolidations, *decrease* this value. * **`ATR Ratio Threshold`:** If you want to be stricter about price volatility, *decrease* this value. * **`ADX Threshold`:** To be more lenient on what constitutes a "trendless" market, *increase* this value (e.g., to 30). To be stricter, *decrease* it (e.g., to 20). * **Pro Tip:** Use the Debug Table (uncomment it in the script's code) to see the live values of each factor. This will give you a clear idea of how to set the thresholds for the specific asset you are trading. **Disclaimer** This indicator is a tool to assist in market analysis and should not be used as a standalone signal for making financial decisions. Always use it in conjunction with your own trading strategy, risk management, and analysis. Past performance is not indicative of future results. **Credits** * **Concept & Vision:** MRKcoin
Pine Script® indicator
by mrk2020
FFT Signal AnalyzerFFT Signal Analyzer The FFT Signal Analyzer uses a simplified Fast Fourier Transform (FFT) approach to extract dominant cyclical components from price data. By detrending and applying adaptive smoothing, the indicator highlights frequency-driven signals that traditional indicators often miss. This tool is ideal for traders who want to visualize cyclical market behavior, identify turning points, and confirm entries/exits with frequency-based momentum signals. How it works: Removes price trend via detrending (moving average subtraction) Applies a bandpass filter (EMA) to isolate dominant frequency components Normalizes the signal using a z-score for consistent visibility Amplifies the signal for easy interpretation Highlights slope changes with background coloring (green = rising, red = falling) Use Cases: Use zero-line crosses to detect cycle shifts or momentum pivots Combine with trend filters (e.g., GRJMOM) for high-probability setups Ideal for detecting underlying rhythm in sideways or oscillating markets Best for: Swing traders, scalpers, and cycle analysts looking for frequency-aware confirmation signals Works on all timeframes and asset classes
Pine Script® indicator
by bearbearbull23
Dual-EMA + Volume + RSI BUY//@version=5 indicator("Dual-EMA + Volume + RSI BUY", overlay = true) // ── 参数（可在面板自调） ── fastLen = input.int(12, "EMA Fast") slowLen = input.int(26, "EMA Slow") volMult = input.float(1.3, "Vol ×") rsiThres = input.int(55, "RSI >") tpGap = input.float(0.30, "Take-Profit (+AUD)") slGap = input.float(0.20, "Stop-Loss (-AUD)") // ── 均线 & 交叉 ── emaFast = ta.ema(close, fastLen) emaSlow = ta.ema(close, slowLen) bullCross = ta.crossover(emaFast, emaSlow) // ── RSI 滤波 ── rsiVal = ta.rsi(close, 14) rsiOK = rsiVal > rsiThres // ── 量能确认 ── volMA = ta.sma(volume, 20) volOK = volume > volMA * volMult // ── BUY 信号 ── buySig = bullCross and rsiOK and volOK // ── 价格区 ── var float entry = na var float tp = na var float sl = na if buySig entry := close tp := entry + tpGap sl := entry - slGap // ── 绘制线 ── plot(buySig ? entry : na, title = "Entry", color = color.green, linewidth = 2) plot(buySig ? tp : na, title = "TP", color = color.blue, linewidth = 1) plot(buySig ? sl : na, title = "SL", color = color.red, linewidth = 1) // ── BUY 标签 ── if buySig label.new(bar_index, high, "BUY ▶ TP " + str.tostring(tp, format.mintick) + " SL " + str.tostring(sl, format.mintick), style = label.style_label_left, yloc = yloc.abovebar, color = color.green, textcolor = color.white, size = size.small) // ── 可选报警 ── alertcondition(buySig, title="BUY Alert", message="EMA+Volume+RSI BUY 信号触发！")
Pine Script® indicator
by hurryup597401
TSD Quantum [Moeinudin Montazerfaraj] 🔸 "TSD" stands for **Trend 1-2-3 and Supply & Demand**, which is the foundation of the trading style this indicator is built upon. 🔹 TSD Quantum is a specialized indicator designed exclusively for day traders who trade EURUSD, XAUUSD (Gold), and DAX40 on the 1H, 15M, and 5M timeframes using a Supply & Demand-based strategy. This indicator is **not suitable for other symbols** and has been tailored specifically for these three assets to ensure high precision and effectiveness. --- ### 🔍 Key Features: ✅ **Trading Checklist Panel** A built-in checklist helps you track every rule in your trading plan. If even one condition is left unchecked, the system highlights it in red and marks the trade as "Not Allowed." This feature enhances trading discipline. ✅ **Spread & ATR Control Panel** Supports both auto-calculated and fixed values for spread and ATR. This is especially helpful when placing stop-losses quickly and accurately. ✅ **Inside & Outside Candle Detection** A dedicated panel highlights whether the last candle is inside or outside. Hovering your mouse over the chart elements automatically colorizes the candles: 🔵 Blue = Outside candle 🔴 Red = Inside candle Also displays the high/low of the latest outside bar. ✅ **Weekly Trade Stats Panel** Custom-built for the mentioned three assets. You can enter your trades using either fixed risk or floating risk models. ✅ **Performance Metrics** Helps you build and adjust a floating risk model—so you don’t have to enter every trade with the same lot size. Improves risk management across multiple trades. ✅ **Base Candles Display** Grey and white base candles are marked based on supply and demand zones. ✅ **EOT Candles** Candles with a green dot underneath indicate valid EOT opportunities for potential move-outs. ✅ **RC (Rejection Candle) Detection** RC candles are automatically detected to alert you of potential traps or weaknesses during Supply/Demand formations. --- ### ⚠️ Disclaimer This indicator does **not** issue buy/sell signals and **cannot guarantee profit or prevent loss**. It is a **tool for discretionary trading**, not an automated expert advisor. All decisions must be made by the trader based on their own strategy and risk tolerance. This is the **latest tested version** of TSD Quantum. All features have been validated and function as intended. Future updates will be provided if needed. --- 🙏 Thank you for reviewing this script. We hope it becomes a valuable addition to your day trading toolkit!
Pine Script® indicator
by mrmoeinudinQuantum
Gold Killzone Bias Suite🟡 Gold Killzone Bias Suite The Gold Killzone Bias Suite is an advanced institutional-grade tool designed to generate high-confidence directional bias for XAU/USD (Gold) during the London and New York killzones. Built for traders using a structured, confluence-driven approach, this tool blends price action, smart money principles, momentum, and volume into a real-time bias engine with a clean, easy-to-read dashboard. 🔧 Key Features 🕰️ Session-Based Bias (London / New York) Independent bias calculation per session Killzone times customizable with timezone support Background highlighting (blue/red) for each session 📊 VWAP Engine Reclaim & rejection detection VWAP deviation alerts Daily HTF VWAP integration Score impact based on VWAP behaviour 📉 Market Structure (CHoCH / BOS) Detects swing highs/lows Labels bullish/bearish CHoCHs Structure score contributes to session bias 💧 Liquidity Grabs Detects stop hunts above highs / below lows Confirms with candle rejection (body % filter) Plots labels and adds to bias scoring ⚡ Momentum Filters RSI: Bullish >55, Bearish <45 MACD: Histogram + Signal Line crossovers Combined momentum score used in bias 🧠 Smart Money Proximity Optional FVG/OB score toggle (placeholder for custom logic) Adds static confluence for proximity-based setups ⏫ Higher Time Frame Context Daily VWAP comparison 4H high/low structure breaks Adds trend score to current session bias 🧠 How Bias Works The suite uses a scoring model. Each confluence adds or subtracts points: VWAP reclaim/reject: ±30 CHoCH/BOS: ±30 Liquidity grab: ±20 RSI/MACD: ±10 FVG/OB Proximity: +10 Daily VWAP trend: ±10 H4 Trend Break: ±10 Final Bias: Bullish if score ≥ +20 Bearish if score ≤ -20 Neutral if between -19 and +19 A confidence % (capped at 100) is also shown, along with the contributing confluences (VWAP, Structure, Liquidity, etc.). 📋 Dashboard A real-time dashboard shows for each session: Session name and time Bias (Bullish / Bearish / Neutral) Confidence (%) Confluences used Position can be moved (Top Left, Top Right, etc.). Designed to be unobtrusive yet informative. 🧪 Best Practices Use on 15m / 5m charts for intraday setups Confirm with D1 or H4 structure for directional context Combine with OB/FVG zones or SMT for entries Use Trading View alerts for bias flips or liquidity grabs (custom logic can be added) Bar Replay compatible for back testing and journaling bias shifts 🔐 Notes Does not generate trade signals or alerts by default Focused on bias generation and confluence stacking Compatible with funded account trading models 📈 Built for traders who want a systematic, score-based approach to identifying directional edge in high-volume gold sessions.
Pine Script® indicator
by OakleyJM
Mutanabby_AI | Algo Pro Strategy# Mutanabby_AI | Algo Pro Strategy: Advanced Candlestick Pattern Trading System ## Strategy Overview The Mutanabby_AI Algo Pro Strategy represents a systematic approach to automated trading based on advanced candlestick pattern recognition and multi-layered technical filtering. This strategy transforms traditional engulfing pattern analysis into a comprehensive trading system with sophisticated risk management and flexible position sizing capabilities. The strategy operates on a long-only basis, entering positions when bullish engulfing patterns meet specific technical criteria and exiting when bearish engulfing patterns indicate potential trend reversals. The system incorporates multiple confirmation layers to enhance signal reliability while providing comprehensive customization options for different trading approaches and risk management preferences. ## Core Algorithm Architecture The strategy foundation relies on bullish and bearish engulfing candlestick pattern recognition enhanced through technical analysis filtering mechanisms. Entry signals require simultaneous satisfaction of four distinct criteria: confirmed bullish engulfing pattern formation, candle stability analysis indicating decisive price action, RSI momentum confirmation below specified thresholds, and price decline verification over adjustable lookback periods. The candle stability index measures the ratio between candlestick body size and total range including wicks, ensuring only well-formed patterns with clear directional conviction generate trading signals. This filtering mechanism eliminates indecisive market conditions where pattern reliability diminishes significantly. RSI integration provides momentum confirmation by requiring oversold conditions before entry signal generation, ensuring alignment between pattern formation and underlying momentum characteristics. The RSI threshold remains fully adjustable to accommodate different market conditions and volatility environments. Price decline verification examines whether current prices have decreased over a specified period, confirming that bullish engulfing patterns occur after meaningful downward movement rather than during sideways consolidation phases. This requirement enhances the probability of successful reversal pattern completion. ## Advanced Position Management System The strategy incorporates dual position sizing methodologies to accommodate different account sizes and risk management approaches. Percentage-based position sizing calculates trade quantities as equity percentages, enabling consistent risk exposure across varying account balances and market conditions. This approach proves particularly valuable for systematic trading approaches and portfolio management applications. Fixed quantity sizing provides precise control over trade sizes independent of account equity fluctuations, offering predictable position management for specific trading strategies or when implementing precise risk allocation models. The system enables seamless switching between sizing methods through simple configuration adjustments. Position quantity calculations integrate seamlessly with TradingView's strategy testing framework, ensuring accurate backtesting results and realistic performance evaluation across different market conditions and time periods. The implementation maintains consistency between historical testing and live trading applications. ## Comprehensive Risk Management Framework The strategy features dual stop loss methodologies addressing different risk management philosophies and market analysis approaches. Entry price-based stop losses calculate stop levels as fixed percentages below entry prices, providing predictable risk exposure and consistent risk-reward ratio maintenance across all trades. The percentage-based stop loss system enables precise risk control by limiting maximum loss per trade to predetermined levels regardless of market volatility or entry timing. This approach proves essential for systematic trading strategies requiring consistent risk parameters and capital preservation during adverse market conditions. Lowest low-based stop losses identify recent price support levels by analyzing minimum prices over adjustable lookback periods, placing stops below these technical levels with additional buffer percentages. This methodology aligns stop placement with market structure rather than arbitrary percentage calculations, potentially improving stop loss effectiveness during normal market fluctuations. The lookback period adjustment enables optimization for different timeframes and market characteristics, with shorter periods providing tighter stops for active trading and longer periods offering broader stops suitable for position trading approaches. Buffer percentage additions ensure stops remain below obvious support levels where other market participants might place similar orders. ## Visual Customization and Interface Design The strategy provides comprehensive visual customization through eight predefined color schemes designed for different chart backgrounds and personal preferences. Color scheme options include Classic bright green and red combinations, Ocean themes featuring blue and orange contrasts, Sunset combinations using gold and crimson, and Neon schemes providing high visibility through bright color selections. Professional color schemes such as Forest, Royal, and Fire themes offer sophisticated alternatives suitable for business presentations and professional trading environments. The Custom color scheme enables precise color selection through individual color picker controls, maintaining maximum flexibility for specific visual requirements. Label styling options accommodate different chart analysis preferences through text bubble, triangle, and arrow display formats. Size adjustments range from tiny through huge settings, ensuring appropriate visual scaling across different screen resolutions and chart configurations. Text color customization maintains readability across various chart themes and background selections. ## Signal Quality Enhancement Features The strategy incorporates signal filtering mechanisms designed to eliminate repetitive signal generation during choppy market conditions. The disable repeating signals option prevents consecutive identical signals until opposing conditions occur, reducing overtrading during consolidation phases and improving overall signal quality. Signal confirmation requirements ensure all technical criteria align before trade execution, reducing false signal occurrence while maintaining reasonable trading frequency for active strategies. The multi-layered approach balances signal quality against opportunity frequency through adjustable parameter optimization. Entry and exit visualization provides clear trade identification through customizable labels positioned at relevant price levels. Stop loss visualization displays active risk levels through colored line plots, ensuring complete transparency regarding current risk management parameters during live trading operations. ## Implementation Guidelines and Optimization The strategy performs effectively across multiple timeframes with optimal results typically occurring on intermediate timeframes ranging from fifteen minutes through four hours. Higher timeframes provide more reliable pattern formation and reduced false signal occurrence, while lower timeframes increase trading frequency at the expense of some signal reliability. Parameter optimization should focus on RSI threshold adjustments based on market volatility characteristics and candlestick pattern timeframe analysis. Higher RSI thresholds generate fewer but potentially higher quality signals, while lower thresholds increase signal frequency with corresponding reliability considerations. Stop loss method selection depends on trading style preferences and market analysis philosophy. Entry price-based stops suit systematic approaches requiring consistent risk parameters, while lowest low-based stops align with technical analysis methodologies emphasizing market structure recognition. ## Performance Considerations and Risk Disclosure The strategy operates exclusively on long positions, making it unsuitable for bear market conditions or extended downtrend periods. Users should consider market environment analysis and broader trend assessment before implementing the strategy during adverse market conditions. Candlestick pattern reliability varies significantly across different market conditions, with higher reliability typically occurring during trending markets compared to ranging or volatile conditions. Strategy performance may deteriorate during periods of reduced pattern effectiveness or increased market noise. Risk management through stop loss implementation remains essential for capital preservation during adverse market movements. The strategy does not guarantee profitable outcomes and requires proper position sizing and risk management to prevent significant capital loss during unfavorable trading periods. ## Technical Specifications The strategy utilizes standard TradingView Pine Script functions ensuring compatibility across all supported instruments and timeframes. Default configuration employs 14-period RSI calculations, adjustable candle stability thresholds, and customizable price decline verification periods optimized for general market conditions. Initial capital settings default to $10,000 with percentage-based equity allocation, though users can adjust these parameters based on account size and risk tolerance requirements. The strategy maintains detailed trade logs and performance metrics through TradingView's integrated backtesting framework. Alert integration enables real-time notification of entry and exit signals, stop loss executions, and other significant trading events. The comprehensive alert system supports automated trading applications and manual trade management approaches through detailed signal information provision. ## Conclusion The Mutanabby_AI Algo Pro Strategy provides a systematic framework for candlestick pattern trading with comprehensive risk management and position sizing flexibility. The strategy's strength lies in its multi-layered confirmation approach and sophisticated customization options, enabling adaptation to various trading styles and market conditions. Successful implementation requires understanding of candlestick pattern analysis principles and appropriate parameter optimization for specific market characteristics. The strategy serves traders seeking automated execution of proven technical analysis techniques while maintaining comprehensive control over risk management and position sizing methodologies.
Pine Script® strategy
by Mutanabby_AI