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.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.