OPEN-SOURCE SCRIPT
Telah dikemas kini Prison Escape (BreakOut!)
Description:
This strategy is a momentum-based trading system designed for the NYSE Open. It utilizes price action geometry to define a high-probability "Volatility Box" and trades the breakout of that range during the most liquid hours of the day.
How it Works:
The script operates in three distinct phases to ensure it only trades when momentum is at its peak:
Range Definition (The Alphabet):
Starting at 08:30 AM CST, the script labels price swings with letters (A, B, C, D). It monitors these pivots to establish the "Initial Range" based on the highest and lowest points reached between the Start Letter and End Letter (default A-D).
The Momentum Trigger:
The strategy waits for price to close outside of this established range.
1 Breakout Mode: Enters on the first candle to close outside the box.
2 Breakouts Mode: Filters out "fakeouts" by requiring price to break out, return inside the range, and then break out a second time, exceeding the high/low of the first attempt.
Strict Time Discipline:
Entry Window: New trades can only be initiated between 08:30 AM and 10:30 AM CST.
Hard Exit: Any open positions are market-closed at 12:30 PM CST to avoid afternoon chop and "Theta decay" or reversal risks.
Key Features:
Zig Zag Filtering: Uses a depth setting to filter out minor noise and focus on significant structural pivots.
Dynamic Stop Loss: Choose between the Breakout Line, the Range Midline, or the opposite side of the range.
Visual Anchors: Clearly plots the A-D range, midlines, and vertical session markers for 08:30, 10:30, and 12:30.
Technical Instructions for Users:
Timeframe: Optimized for 1-minute to 5-minute charts. Higher timeframes may result in "late" exits at the 12:30 PM cutoff.
Symbol: Designed for Indices (NAS100, US30, SPX500) and high-volume Large Cap stocks.
Timezone: The script is hardcoded for America/Chicago (CST/CDT) to align with the NYSE open.
Pine Script Settings Guide:
Zig Zag Depth: Higher numbers = more significant swings; Lower = tighter ranges.
End Letter: Define how many pivots to wait for before locking the range (Default: D).
Breakout Mode: Choose "2 Breakouts" for a more conservative, "re-test" style entry.
Stop Loss Source: The Midline setting usually provides the best Risk/Reward balance.
This strategy is a momentum-based trading system designed for the NYSE Open. It utilizes price action geometry to define a high-probability "Volatility Box" and trades the breakout of that range during the most liquid hours of the day.
How it Works:
The script operates in three distinct phases to ensure it only trades when momentum is at its peak:
Range Definition (The Alphabet):
Starting at 08:30 AM CST, the script labels price swings with letters (A, B, C, D). It monitors these pivots to establish the "Initial Range" based on the highest and lowest points reached between the Start Letter and End Letter (default A-D).
The Momentum Trigger:
The strategy waits for price to close outside of this established range.
1 Breakout Mode: Enters on the first candle to close outside the box.
2 Breakouts Mode: Filters out "fakeouts" by requiring price to break out, return inside the range, and then break out a second time, exceeding the high/low of the first attempt.
Strict Time Discipline:
Entry Window: New trades can only be initiated between 08:30 AM and 10:30 AM CST.
Hard Exit: Any open positions are market-closed at 12:30 PM CST to avoid afternoon chop and "Theta decay" or reversal risks.
Key Features:
Zig Zag Filtering: Uses a depth setting to filter out minor noise and focus on significant structural pivots.
Dynamic Stop Loss: Choose between the Breakout Line, the Range Midline, or the opposite side of the range.
Visual Anchors: Clearly plots the A-D range, midlines, and vertical session markers for 08:30, 10:30, and 12:30.
Technical Instructions for Users:
Timeframe: Optimized for 1-minute to 5-minute charts. Higher timeframes may result in "late" exits at the 12:30 PM cutoff.
Symbol: Designed for Indices (NAS100, US30, SPX500) and high-volume Large Cap stocks.
Timezone: The script is hardcoded for America/Chicago (CST/CDT) to align with the NYSE open.
Pine Script Settings Guide:
Zig Zag Depth: Higher numbers = more significant swings; Lower = tighter ranges.
End Letter: Define how many pivots to wait for before locking the range (Default: D).
Breakout Mode: Choose "2 Breakouts" for a more conservative, "re-test" style entry.
Stop Loss Source: The Midline setting usually provides the best Risk/Reward balance.
Nota Keluaran
Fixed Range PairsNota Keluaran
Minor bug fixesSkrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.