OPEN-SOURCE SCRIPT
PVRPLE ORACLE - 250%
# PVRPLE ORACLE
PVRPLE ORACLE is a Smart Zone and Order Block strategy designed to identify potential momentum continuation setups after a price retest of an active trading zone.
The strategy detects bullish and bearish Order Block candles, validates them through an ATR-based momentum filter, and creates dynamic trading zones.
Once price revisits a zone, PVRPLE ORACLE waits for confirmation before opening a trade:
* **Blue Zone:** price returns into the bullish zone and breaks above the upper confirmation trigger → LONG entry.
* **Red Zone:** price returns into the bearish zone and breaks below the lower confirmation trigger → SHORT entry.
## Core Features
* Automatic bullish and bearish Order Block detection
* ATR-based momentum filter
* Dynamic Smart Zone visualization
* Configurable entry confirmation distance
* Configurable Take Profit and Stop Loss
* One trade per zone
* Long and Short signal visualization
* Supports fixed cash sizing or percentage-of-equity sizing
* Designed for backtesting and strategy optimization
## Tested Configuration
* Timeframe: **1 Hour**
* Initial Capital: **50,000 USDT**
* Position Size Tested: **50% of equity**
* Entry Confirmation: **100 points**
* Take Profit: **300 points**
* Stop Loss: **50 points**
* Maximum Trades per Zone: **1**
## Important Disclaimer
PVRPLE ORACLE is designed for backtesting, research, and educational purposes.
Historical performance does not guarantee future results. Before using the strategy in live conditions, test it with realistic trading costs, commissions, slippage, and Bar Magnifier settings.
For a 50,000 USDT prop account, a more conservative starting allocation such as **5%–10% of equity per trade** is recommended until the strategy has been validated across multiple market conditions, symbols, and timeframes.
PVRPLE ORACLE is a Smart Zone and Order Block strategy designed to identify potential momentum continuation setups after a price retest of an active trading zone.
The strategy detects bullish and bearish Order Block candles, validates them through an ATR-based momentum filter, and creates dynamic trading zones.
Once price revisits a zone, PVRPLE ORACLE waits for confirmation before opening a trade:
* **Blue Zone:** price returns into the bullish zone and breaks above the upper confirmation trigger → LONG entry.
* **Red Zone:** price returns into the bearish zone and breaks below the lower confirmation trigger → SHORT entry.
## Core Features
* Automatic bullish and bearish Order Block detection
* ATR-based momentum filter
* Dynamic Smart Zone visualization
* Configurable entry confirmation distance
* Configurable Take Profit and Stop Loss
* One trade per zone
* Long and Short signal visualization
* Supports fixed cash sizing or percentage-of-equity sizing
* Designed for backtesting and strategy optimization
## Tested Configuration
* Timeframe: **1 Hour**
* Initial Capital: **50,000 USDT**
* Position Size Tested: **50% of equity**
* Entry Confirmation: **100 points**
* Take Profit: **300 points**
* Stop Loss: **50 points**
* Maximum Trades per Zone: **1**
## Important Disclaimer
PVRPLE ORACLE is designed for backtesting, research, and educational purposes.
Historical performance does not guarantee future results. Before using the strategy in live conditions, test it with realistic trading costs, commissions, slippage, and Bar Magnifier settings.
For a 50,000 USDT prop account, a more conservative starting allocation such as **5%–10% of equity per trade** is recommended until the strategy has been validated across multiple market conditions, symbols, and timeframes.
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Penafian
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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.