PROTECTED SOURCE SCRIPT
Updated Algo BOT 4.0
Strategy Description:
Algo BOT 4.0 is a sophisticated multi-timeframe trading strategy that identifies high-probability reversal points using technical confluence. The strategy combines:
Core Components:
Multi-timeframe Pivot Analysis: Daily, Weekly, and Monthly pivot points with CPR (Central Pivot Range)
RSI Momentum Filter: Higher timeframe RSI (user-configurable) for trend bias
VWAP Dynamics: Volume-weighted average price with moving averages
Fibonacci Strength Analysis: Candle close positions relative to 38.2% Fib levels
Advanced Cooldown System: Prevents overtrading with dynamic gap requirements
Entry Logic:
Long Entries: RSI < 57 with bullish candle structure at key support levels
Short Entries: RSI > 43 with bearish candle structure at key resistance levels
Zone-based Filtering: Identifies trades near significant pivot points (D PP, D R1, D S1, W PP, M PP, VWAP)
Risk Management:
Dynamic cooldown periods between trades
Gap-based entry optimization to ensure sufficient price movement
Extreme price tracking for better entry timing
Multi-condition validation to reduce false signals
Alert System:
Real-time alerts for both long and short entries
Includes price, RSI value, and zone information
Visual signals with triangle markers on chart
Comprehensive status monitoring with cooldown timer
Algo BOT 4.0 is a sophisticated multi-timeframe trading strategy that identifies high-probability reversal points using technical confluence. The strategy combines:
Core Components:
Multi-timeframe Pivot Analysis: Daily, Weekly, and Monthly pivot points with CPR (Central Pivot Range)
RSI Momentum Filter: Higher timeframe RSI (user-configurable) for trend bias
VWAP Dynamics: Volume-weighted average price with moving averages
Fibonacci Strength Analysis: Candle close positions relative to 38.2% Fib levels
Advanced Cooldown System: Prevents overtrading with dynamic gap requirements
Entry Logic:
Long Entries: RSI < 57 with bullish candle structure at key support levels
Short Entries: RSI > 43 with bearish candle structure at key resistance levels
Zone-based Filtering: Identifies trades near significant pivot points (D PP, D R1, D S1, W PP, M PP, VWAP)
Risk Management:
Dynamic cooldown periods between trades
Gap-based entry optimization to ensure sufficient price movement
Extreme price tracking for better entry timing
Multi-condition validation to reduce false signals
Alert System:
Real-time alerts for both long and short entries
Includes price, RSI value, and zone information
Visual signals with triangle markers on chart
Comprehensive status monitoring with cooldown timer
Release Notes
cooldown period updateRelease Notes
chart updateRelease Notes
UPDATE DYNAMIC LOGICProtected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.