ISV-200 - PRO

The indicator automatically finds peaks or troughs in combination with Bollinger Bands and MACD divergence to enable entry points.

Notes de version

*Strategy Overview:
This indicator is specifically engineered for Scalping strategies. While versatile, it delivers the most precise signals when applied to the 3-minute (3m) timeframe.

*Key Features & Trading Rules:

-Triple Top/Bottom Pattern: The core logic scans for Triple Top and Triple Bottom formations.

-High-Probability Zone: Entries are strongest when these patterns form outside or touching the upper/lower Bollinger Bands.

-Trend Continuation: Patterns forming around the Bollinger Band Midline (Basis) can also be highly effective in specific trending scenarios.

-MACD Divergence Filter: To ensure high-quality entries, the strategy uses MACD Divergence as a primary confirmation tool. Always look for divergence aligning with the chart pattern.

-Dynamic Risk Management:

Stop Loss (SL): Utilize the ATR (Average True Range) values for volatility-based stop loss placement.

Take Profit (TP): The strategy is optimized for a 1:3.5 Risk-to-Reward ratio. (Targeting a profit 3.5 times the size of your SL).

Notes de version

This update refines the structural recognition engine, focusing on the synergy between the Mean Reversion (MA 200) and Extreme Volatility (Bollinger Bands):

Instant 2-Point Connection: The script now automatically draws a trendline as soon as two pivots are confirmed. This provides an early visual warning of a potential liquidity sweep before the full pattern completes.

Selective Anchor Points (Point 1):

Bullish Setup: Point 1 must be located below the MA 200 (Basis).

Bearish Setup: Point 1 must be located above the MA 200 (Basis).

This ensures the price has established a "compression zone" near the mean before expanding to the extremes.

Extreme Liquidity Sweep (Point 2):

Point 2 must touch or penetrate the outer Bollinger Bands (Wick-based calculation).

It must achieve a Lower Low or Higher High relative to Point 1 to confirm a valid stop-run or fakeout.

The 3rd Point Entry Strategy:

Once the 2-point line is visualized, traders should monitor for the formation of a 3rd Pivot (Point 3).

This 3rd point serves as the primary Entry Zone, offering a high-probability reversal opportunity as the market structural shift is confirmed.

Lookback Distance Filter: Includes a customizable distance filter (default 100 bars) to ensure connected pivots are part of the same price action cycle, eliminating noise from irrelevant historical data.

Notes de version

Key New Features:

Smart Entry Signals: Automatically triggers BUY/SELL labels once a structural reversal is confirmed at exhaustion zones.

MA-200 Momentum Filter: A smart positioning logic that only permits Shorts at premium prices (above MA-200) and Longs at discount prices (below MA-200) to ensure an optimal Risk/Reward ratio.

Minimalist Toggle: Added a "Show Signals" switch in the settings, allowing you to switch between pure structural analysis and signal-based trading.

Index Optimization: Fully resolved previous line-drawing errors, ensuring smooth and precise execution on lower timeframes (3m/5m).

Notes de version

(New Features):
3-Level Take Profit: TP1 (RR 1:1), TP2 (RR 1:2), TP3 (RR 1:3).

Position Sizing: 33% at TP1, 33% at TP2, 34% at TP3.

Virtual Tracker: Automatically calculates Win/Loss & PNL for the Indicator.

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.

Tieu_Vuong

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Script open-source

Tieu_Vuong