OPEN-SOURCE SCRIPT
ETH 1-2-3 Rigor Strategy Entry & 2:1 Risk-Rewar- By: Labaxuria
Descrição em Inglês (Copy & Paste):
This script is a technical analysis tool designed specifically for ETH/USDT on Daily (1D) and Weekly (1W) timeframes. It identifies the classic 1-2-3 reversal pattern to provide high-probability entry points with a strictly disciplined risk management approach.
Core Features:
C3 Trigger Identification: The indicator highlights the "Candle 3" (Confirmation Candle) where the breakout of "Point 2" occurs, validating the market structure shift.
Automated 2:1 Risk-Reward: Upon a BUY or SELL signal, the script automatically plots a Red Line (Stop Loss) at the recent pivot and a Green Line (Take Profit) at a fixed 2:1 ratio. This ensures that every win is twice the size of a potential loss.
Trend Filtering (Gray Line): It includes a 20-period Moving Average to ensure trades are aligned with the prevailing market momentum.
Compression Detection (White Candles): Identifies "Inside Bars" by coloring the candle body or borders white. This warns the trader of price compression and potential volatility buildup before a breakout.
How to Use:
BUY + C3: Enter long when the price closes above Point 2, ideally while trading above the gray 20-SMA.
SELL + C3: Enter short when the price closes below Point 2, ideally while trading below the gray 20-SMA.
Exit Strategy: Follow the plotted levels strictly. Exit at the red line to protect capital or at the green line to book profits.
This script is a technical analysis tool designed specifically for ETH/USDT on Daily (1D) and Weekly (1W) timeframes. It identifies the classic 1-2-3 reversal pattern to provide high-probability entry points with a strictly disciplined risk management approach.
Core Features:
C3 Trigger Identification: The indicator highlights the "Candle 3" (Confirmation Candle) where the breakout of "Point 2" occurs, validating the market structure shift.
Automated 2:1 Risk-Reward: Upon a BUY or SELL signal, the script automatically plots a Red Line (Stop Loss) at the recent pivot and a Green Line (Take Profit) at a fixed 2:1 ratio. This ensures that every win is twice the size of a potential loss.
Trend Filtering (Gray Line): It includes a 20-period Moving Average to ensure trades are aligned with the prevailing market momentum.
Compression Detection (White Candles): Identifies "Inside Bars" by coloring the candle body or borders white. This warns the trader of price compression and potential volatility buildup before a breakout.
How to Use:
BUY + C3: Enter long when the price closes above Point 2, ideally while trading above the gray 20-SMA.
SELL + C3: Enter short when the price closes below Point 2, ideally while trading below the gray 20-SMA.
Exit Strategy: Follow the plotted levels strictly. Exit at the red line to protect capital or at the green line to book profits.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.