OPEN-SOURCE SCRIPT
DAX Diamond Shot
DAX Diamond Shot is an elite, institutional-grade algorithmic indicator custom-engineered specifically for DAX (DE30 / DAX / DAX40) index traders targeting the high-volatility European session opening hours (09:00 AM Frankfurt time) and ongoing session momentum.
⚡ Recommended Timeframe & Asset: Designed to perform best on timeframes of 15 minutes or higher (15m+) on DAX. Using a 15-minute chart or higher effectively filters out morning market noise while capturing high-probability institutional expansion moves with exceptional precision.
Features a flexible 1-Shot Mode toggle in the settings: keep it enabled for strict single-trade discipline per session, or disable it to catch multiple high-momentum expansion setups throughout the entire trading window.
Key Features
DAX Optimized: Calibrated to match the volatility profile of European indices during Frankfurt session hours.
Minimum 15m Recommended: Performs exceptionally well from the 15-minute timeframe upwards to ensure clean institutional execution and noise reduction.
Flexible 1-Shot / Multi-Shot Mode: By default, restricts entries to one high-quality trade per session, but can be easily toggled off in settings to capture all qualifying momentum candles during session hours.
European Session Precision: Automatically locks onto Frankfurt session hours, filtering out dead zones and chop.
Diamond Momentum Filter: Demands strict body dominance (default 60%+) combined with range expansion relative to the 24 SMA.
Trend Alignment (DEMA 24): Integrates a 24-period Double Exponential Moving Average filter to ensure trades flow strictly with short-term institutional momentum.
Clean Fractional Targets & Time Stop: Dynamically calculates an optimal fractional TP based on the trigger candle size and tracks performance over a strict bar window.
Sleek Visuals & Alerts: Instant trade markers, live target projection lines, performance labels, and robust alert integration.
How to Use
Apply to DAX on a 15-minute (15m) or higher timeframe.
Ensure your timezone is set to Berlin (Europe/Berlin).
Configure the 1-Shot Mode toggle in the settings based on whether you want a single session trade or multiple shots!
Disclaimer: For educational and informational purposes only. Past performance does not guarantee future results.
⚡ Recommended Timeframe & Asset: Designed to perform best on timeframes of 15 minutes or higher (15m+) on DAX. Using a 15-minute chart or higher effectively filters out morning market noise while capturing high-probability institutional expansion moves with exceptional precision.
Features a flexible 1-Shot Mode toggle in the settings: keep it enabled for strict single-trade discipline per session, or disable it to catch multiple high-momentum expansion setups throughout the entire trading window.
Key Features
DAX Optimized: Calibrated to match the volatility profile of European indices during Frankfurt session hours.
Minimum 15m Recommended: Performs exceptionally well from the 15-minute timeframe upwards to ensure clean institutional execution and noise reduction.
Flexible 1-Shot / Multi-Shot Mode: By default, restricts entries to one high-quality trade per session, but can be easily toggled off in settings to capture all qualifying momentum candles during session hours.
European Session Precision: Automatically locks onto Frankfurt session hours, filtering out dead zones and chop.
Diamond Momentum Filter: Demands strict body dominance (default 60%+) combined with range expansion relative to the 24 SMA.
Trend Alignment (DEMA 24): Integrates a 24-period Double Exponential Moving Average filter to ensure trades flow strictly with short-term institutional momentum.
Clean Fractional Targets & Time Stop: Dynamically calculates an optimal fractional TP based on the trigger candle size and tracks performance over a strict bar window.
Sleek Visuals & Alerts: Instant trade markers, live target projection lines, performance labels, and robust alert integration.
How to Use
Apply to DAX on a 15-minute (15m) or higher timeframe.
Ensure your timezone is set to Berlin (Europe/Berlin).
Configure the 1-Shot Mode toggle in the settings based on whether you want a single session trade or multiple shots!
Disclaimer: For educational and informational purposes only. Past performance does not guarantee future results.
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.