PROTECTED SOURCE SCRIPT
Kings Strategy
Kings Strategy – Alligator + Divergent Bars + King Candle Pattern
Overview
The KINGS Strategy is a multi-factor price action indicator that combines:
Alligator Moving Averages for trend context
Divergent Bars detection for potential reversal zones
King Candle Pattern for momentum slowdown confirmation
This unified tool provides both a trend filter and a reversal trigger directly on the chart.
How It Works
1. Alligator Indicator (Trend Context)
Uses Jaw (13), Teeth (8), and Lips (5) moving averages.
Moving average type is fully selectable: SMA, SMMA, EMA, RMA, WMA, VWMA.
The alignment of Jaw, Teeth, and Lips shows whether the market is in a sleep phase (no clear trend) or a wake phase (active trend).
2. Divergent Bars (DB) Detection
Up Divergent Bar forms when price stays below Alligator lines and retests prior lows.
Filtration modes:
No filter – basic detection
Medium filter – improved accuracy using additional low-checks
High filter – strict conditions with Alligator line alignment confirmation
3. King Candle Pattern
Previous candle must be strongly bearish (body ≥ 70%)
Current candle must have a small body (10%–30% of full range)
Indicates momentum loss and possible reversal
4. Combined Signal
A final signal appears only when both conditions align:
Up Divergent Bar
KING Candle Pattern
Plotted on the chart as a KING label and ▲ arrow
How to Use
Trend confirmation: Use Alligator lines as a trend filter.
Signal confirmation: Consider entries only when the combined KING signal matches the broader trend.
Best suited for swing trades or filtered scalps: Medium/High filtration reduces false positives.
Avoid non-standard charts: Heikin Ashi, Renko, Kagi, P&F, or Range charts give unrealistic backtest/alert results.
Important Notes
This indicator is not a guaranteed profit system.
Always combine with risk management, volume analysis, and confirmation tools.
Past performance does not guarantee future results.
The script is designed for educational and strategy-development purposes only.
Overview
The KINGS Strategy is a multi-factor price action indicator that combines:
Alligator Moving Averages for trend context
Divergent Bars detection for potential reversal zones
King Candle Pattern for momentum slowdown confirmation
This unified tool provides both a trend filter and a reversal trigger directly on the chart.
How It Works
1. Alligator Indicator (Trend Context)
Uses Jaw (13), Teeth (8), and Lips (5) moving averages.
Moving average type is fully selectable: SMA, SMMA, EMA, RMA, WMA, VWMA.
The alignment of Jaw, Teeth, and Lips shows whether the market is in a sleep phase (no clear trend) or a wake phase (active trend).
2. Divergent Bars (DB) Detection
Up Divergent Bar forms when price stays below Alligator lines and retests prior lows.
Filtration modes:
No filter – basic detection
Medium filter – improved accuracy using additional low-checks
High filter – strict conditions with Alligator line alignment confirmation
3. King Candle Pattern
Previous candle must be strongly bearish (body ≥ 70%)
Current candle must have a small body (10%–30% of full range)
Indicates momentum loss and possible reversal
4. Combined Signal
A final signal appears only when both conditions align:
Up Divergent Bar
KING Candle Pattern
Plotted on the chart as a KING label and ▲ arrow
How to Use
Trend confirmation: Use Alligator lines as a trend filter.
Signal confirmation: Consider entries only when the combined KING signal matches the broader trend.
Best suited for swing trades or filtered scalps: Medium/High filtration reduces false positives.
Avoid non-standard charts: Heikin Ashi, Renko, Kagi, P&F, or Range charts give unrealistic backtest/alert results.
Important Notes
This indicator is not a guaranteed profit system.
Always combine with risk management, volume analysis, and confirmation tools.
Past performance does not guarantee future results.
The script is designed for educational and strategy-development purposes only.
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.
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.