OPEN-SOURCE SCRIPT
Amit
## Strategy Overview
This strategy is a price-action-based intraday trading system designed to identify high-probability entries using **market structure, CHoCH (Change of Character), BOS (Break of Structure), liquidity sweeps, and multi-timeframe confirmation**.
The strategy focuses on letting the market establish its direction first rather than entering immediately on a breakout. Once structure confirms the move, the lower timeframe is used to identify a more precise entry.
### How It Works
The strategy primarily follows this sequence:
**1. Higher-Timeframe Structure**
* Identifies a Change of Character (CHoCH) to establish a potential directional bias.
* Looks for confirmation through a Break of Structure (BOS).
**2. Lower-Timeframe Confirmation**
* After higher-timeframe confirmation, the strategy moves to the lower timeframe.
* A corresponding CHoCH is identified in the same direction.
**3. Liquidity Sweep**
* The strategy waits for price to sweep the relevant structure/liquidity.
* The sweep helps avoid entering immediately into a false breakout.
**4. Entry**
* Once the required structure and liquidity conditions are satisfied, the strategy generates a long or short signal.
### Trading Philosophy
The core idea is:
**Structure → Confirmation → Liquidity Sweep → Entry**
Instead of chasing price after a breakout, the strategy waits for the market to confirm its intention and then looks for an entry after liquidity has been taken.
### Important Note
This is a systematic strategy designed for backtesting and research. Results can vary depending on market conditions, execution, slippage, commissions, and the instrument being traded.
Past backtest performance does not guarantee future results. Always test the strategy thoroughly before using it with real capital.
This strategy is a price-action-based intraday trading system designed to identify high-probability entries using **market structure, CHoCH (Change of Character), BOS (Break of Structure), liquidity sweeps, and multi-timeframe confirmation**.
The strategy focuses on letting the market establish its direction first rather than entering immediately on a breakout. Once structure confirms the move, the lower timeframe is used to identify a more precise entry.
### How It Works
The strategy primarily follows this sequence:
**1. Higher-Timeframe Structure**
* Identifies a Change of Character (CHoCH) to establish a potential directional bias.
* Looks for confirmation through a Break of Structure (BOS).
**2. Lower-Timeframe Confirmation**
* After higher-timeframe confirmation, the strategy moves to the lower timeframe.
* A corresponding CHoCH is identified in the same direction.
**3. Liquidity Sweep**
* The strategy waits for price to sweep the relevant structure/liquidity.
* The sweep helps avoid entering immediately into a false breakout.
**4. Entry**
* Once the required structure and liquidity conditions are satisfied, the strategy generates a long or short signal.
### Trading Philosophy
The core idea is:
**Structure → Confirmation → Liquidity Sweep → Entry**
Instead of chasing price after a breakout, the strategy waits for the market to confirm its intention and then looks for an entry after liquidity has been taken.
### Important Note
This is a systematic strategy designed for backtesting and research. Results can vary depending on market conditions, execution, slippage, commissions, and the instrument being traded.
Past backtest performance does not guarantee future results. Always test the strategy thoroughly before using it with real capital.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.