OPEN-SOURCE SCRIPT
Shooting Zone Strategy
📊 Shooting Zone Strategy (EMA Rejection + High Quality Price Action)
🧠 Overview
This indicator is a trend-based price action system that combines:
• EMA trend direction
• EMA interaction (liquidity zone behavior)
• High-quality candlestick rejection patterns
• Engulfing confirmations
• Simple order lifecycle tracking (signal → activation → cancellation)
The goal is to identify institutional-style pullbacks and reversals with reduced market noise.
📈 Trend Filter
The system uses two EMAs:
• 🟢 Fast EMA (green)
• 🟣 Slow EMA (purple)
Trend conditions:
• Bullish trend: Fast EMA > Slow EMA
• Bearish trend: Fast EMA < Slow EMA
Signals are only valid in the direction of the trend.
📍 EMA Interaction Zone
Price is monitored for interaction with dynamic EMA levels:
• Fast EMA touch
• Slow EMA touch
• EMA zone interaction (liquidity area between both EMAs)
This helps detect reaction points instead of random candles.
🟢 BUY Logic (Low Test Bar)
A BUY setup is triggered when price shows bullish rejection inside a bullish trend.
Conditions:
• Bullish trend (Fast EMA above Slow EMA)
• Price interacts with EMA zone
• Valid bullish rejection candle OR bullish engulfing confirmation
• EMA touch confirmation
Candle requirements:
• Long lower wick (liquidity sweep below)
• Small upper wick
• Body closes near highs
Interpretation:
Price sweeps downside liquidity into EMA zone and strongly rejects upward → potential continuation of bullish trend.
🔴 SELL Logic (High Test Bar)
A SELL setup is triggered when price shows bearish rejection inside a bearish trend.
Conditions:
• Bearish trend (Fast EMA below Slow EMA)
• Price interacts with EMA zone
• Valid bearish rejection candle OR bearish engulfing confirmation
• EMA touch confirmation
Candle requirements:
• Long upper wick (liquidity sweep above)
• Small lower wick
• Body closes near lows
Interpretation:
Price sweeps upside liquidity into EMA zone and rejects downward → potential continuation of bearish trend.
🔄 Order Lifecycle Tracking
Each signal is tracked through a simple lifecycle:
1. 📍 Signal
A BUY/SELL setup appears on the chart.
2. ⚡ Activation
Order is considered active if the next candle breaks the entry level.
3. ❌ Cancellation
Order is cancelled if:
• it does not activate on the next candle
• AND price invalidates the setup (moves against structure)
📊 Risk Management
For every setup:
• Entry is placed beyond signal candle
• Stop Loss is placed beyond candle extreme
• Take Profit is fixed at 1:1 Risk/Reward
This ensures consistent risk modeling across all trades.
🔔 Alerts
The system provides 3 levels of alerts:
📍 Setup Alerts
• BUY SIGNAL
• SELL SIGNAL
⚡ Execution Alerts
• BUY ORDER ACTIVATED
• SELL ORDER ACTIVATED
❌ Invalid Alerts
• BUY ORDER CANCELLED
• SELL ORDER CANCELLED
🎯 How to Use
1. Trend Alignment
Only take:
• BUY signals in bullish trend
• SELL signals in bearish trend
2. Wait for Quality Setup
Do NOT trade every signal.
Prefer setups where:
• wick is strong (clear rejection)
• engulfing confirmation appears
• price clearly interacts with EMAs
• you can see clear trending structure ledaing to the signal
3. Confirmation Flow
Best workflow:
1. Signal appears (alert)
2. Wait for next candle activation
3. If not activated/hit SL without activation within the next time frame selection → ignore (cancelled setup)
4. Risk Rules
• Always respect SL level
• Take profit is fixed at 1:1 RR
• Avoid overtrading low-quality signals
⚠️ Key Concept
This system is not a prediction tool.
It is a reaction-based liquidity model:
• EMA acts as dynamic liquidity zone
• Candles represent rejection behavior
• Signals represent imbalance shifts
🚀 Summary
This strategy focuses on:
• Trend following via EMAs
• Liquidity-based candle rejection
• High-probability engulfing confirmation
Structured order validation (signal → activation → invalidation)
🧠 Overview
This indicator is a trend-based price action system that combines:
• EMA trend direction
• EMA interaction (liquidity zone behavior)
• High-quality candlestick rejection patterns
• Engulfing confirmations
• Simple order lifecycle tracking (signal → activation → cancellation)
The goal is to identify institutional-style pullbacks and reversals with reduced market noise.
📈 Trend Filter
The system uses two EMAs:
• 🟢 Fast EMA (green)
• 🟣 Slow EMA (purple)
Trend conditions:
• Bullish trend: Fast EMA > Slow EMA
• Bearish trend: Fast EMA < Slow EMA
Signals are only valid in the direction of the trend.
📍 EMA Interaction Zone
Price is monitored for interaction with dynamic EMA levels:
• Fast EMA touch
• Slow EMA touch
• EMA zone interaction (liquidity area between both EMAs)
This helps detect reaction points instead of random candles.
🟢 BUY Logic (Low Test Bar)
A BUY setup is triggered when price shows bullish rejection inside a bullish trend.
Conditions:
• Bullish trend (Fast EMA above Slow EMA)
• Price interacts with EMA zone
• Valid bullish rejection candle OR bullish engulfing confirmation
• EMA touch confirmation
Candle requirements:
• Long lower wick (liquidity sweep below)
• Small upper wick
• Body closes near highs
Interpretation:
Price sweeps downside liquidity into EMA zone and strongly rejects upward → potential continuation of bullish trend.
🔴 SELL Logic (High Test Bar)
A SELL setup is triggered when price shows bearish rejection inside a bearish trend.
Conditions:
• Bearish trend (Fast EMA below Slow EMA)
• Price interacts with EMA zone
• Valid bearish rejection candle OR bearish engulfing confirmation
• EMA touch confirmation
Candle requirements:
• Long upper wick (liquidity sweep above)
• Small lower wick
• Body closes near lows
Interpretation:
Price sweeps upside liquidity into EMA zone and rejects downward → potential continuation of bearish trend.
🔄 Order Lifecycle Tracking
Each signal is tracked through a simple lifecycle:
1. 📍 Signal
A BUY/SELL setup appears on the chart.
2. ⚡ Activation
Order is considered active if the next candle breaks the entry level.
3. ❌ Cancellation
Order is cancelled if:
• it does not activate on the next candle
• AND price invalidates the setup (moves against structure)
📊 Risk Management
For every setup:
• Entry is placed beyond signal candle
• Stop Loss is placed beyond candle extreme
• Take Profit is fixed at 1:1 Risk/Reward
This ensures consistent risk modeling across all trades.
🔔 Alerts
The system provides 3 levels of alerts:
📍 Setup Alerts
• BUY SIGNAL
• SELL SIGNAL
⚡ Execution Alerts
• BUY ORDER ACTIVATED
• SELL ORDER ACTIVATED
❌ Invalid Alerts
• BUY ORDER CANCELLED
• SELL ORDER CANCELLED
🎯 How to Use
1. Trend Alignment
Only take:
• BUY signals in bullish trend
• SELL signals in bearish trend
2. Wait for Quality Setup
Do NOT trade every signal.
Prefer setups where:
• wick is strong (clear rejection)
• engulfing confirmation appears
• price clearly interacts with EMAs
• you can see clear trending structure ledaing to the signal
3. Confirmation Flow
Best workflow:
1. Signal appears (alert)
2. Wait for next candle activation
3. If not activated/hit SL without activation within the next time frame selection → ignore (cancelled setup)
4. Risk Rules
• Always respect SL level
• Take profit is fixed at 1:1 RR
• Avoid overtrading low-quality signals
⚠️ Key Concept
This system is not a prediction tool.
It is a reaction-based liquidity model:
• EMA acts as dynamic liquidity zone
• Candles represent rejection behavior
• Signals represent imbalance shifts
🚀 Summary
This strategy focuses on:
• Trend following via EMAs
• Liquidity-based candle rejection
• High-probability engulfing confirmation
Structured order validation (signal → activation → invalidation)
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.