OPEN-SOURCE SCRIPT

Enhanced Market Opportunity Strategy (Updated)

Script Description:
Script Name: Enhanced Market Opportunity Strategy (Updated)

This script is a comprehensive trading strategy designed for TradingView that identifies buying and selling opportunities based on configurable parameters, trend alignment, and risk management. It integrates visual alerts, performance metrics, and real-time trading signals. Below is a detailed overview of its features:

Features:
1. Strategy Inputs:

Buy Strategy Levels: Configurable levels for entry, stop loss, and three take-profit targets.
Sell Strategy Levels: Similar levels for short trades.
Risk Management:
Adjustable risk percentage per trade.
Account balance for position sizing.
Trend Filters:
Short-term and long-term EMAs for trend identification.
Minimum pip movement to validate signals.
2. Technical Analysis:

EMA-Based Trend Conditions:
Bullish (buy signals): When the short-term EMA is above the long-term EMA.
Bearish (sell signals): When the short-term EMA is below the long-term EMA.
Position Sizing:
Automatically calculates trade size based on risk percentage and pip distance to the stop loss.
3. Visual and Alert Features:

Key Levels:
Plots for entry, stop loss, and take-profit levels for both buy and sell strategies.
Background Trend Indication:
Green for bullish trends and red for bearish trends.
Markers and Alerts:
Visual "BUY" and "SELL" markers on the chart for detected opportunities.
Real-time alerts with calculated position size for actionable trades.
4. Performance Metrics:

Tracks:
Total trades executed.
Wins and losses.
Total profit and win rate.
Maximum drawdown.
Table Display:
A table on the chart shows performance metrics, including profit, trades, win rate, and more.
How it Works:
Trend Identification:
The script uses EMA crossovers to detect market trends.
It only generates buy signals in bullish trends and sell signals in bearish trends.
Trade Validation:
Buy or sell opportunities are validated based on the proximity of the price to defined entry levels and the occurrence of a candlestick pattern (close above open for buy and vice versa for sell).
Profit and Loss Tracking:
Tracks whether take-profit or stop-loss levels are hit and updates total profit, wins, and losses accordingly.
Backtesting Performance:
Historical trades are evaluated, and key performance metrics are calculated.
Candlestick analysisChart patternsTrend Analysis

Skrip open-source

Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menerbitkannya sebagai sumber terbuka, sehingga para trader dapat memahami dan memverifikasinya. Hormat untuk penulisnya! Anda dapat menggunakannya secara gratis, namun penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk digunakan pada chart

Inggin menggunakan skrip ini pada chart?

Pernyataan Penyangkalan