naimmahmood

FCPO - NSawit Swing Strategy

naimmahmood Updated   
This Indicator implements a custom strategy function in an indicator script. It works on a 4-hour time frame and exclusively for the FCPO futures market only.
The NSawit Swing Strategy consists of three main features:

Feature 1: Trade Summary

This feature utilizes the table function to summarize all completed trades within the current active month. The indicator generates a table that displays relevant trade information like total ticks and profit/loss. For example: table.new(position.top_right, 1, 4, border_width=0)

Feature 2: Active Month Highlight

The purpose of this feature is to visually mark the beginning and end of the current active month on the chart. It achieves this by dynamically changing the background color within the current active month. For example: bgcolor(Highlight ? ColorBG : na)

Feature 3: Swing Reversal Points

This feature identifies swing reversal points on the chart by analyzing candlestick patterns and applying a custom matching algorithm.

If a candlestick pattern matches the specified criteria, the indicator generates a retest box area.

When the price touches this box, it triggers long or short orders. The relevant data, including entry and exit points, are stored in sets of arrays. These data are then utilized by the Trade Summary table to provide a comprehensive overview of the swing trading activity.

Take profit and cut loss value can be set in setting.

To view past contracts kindly add this watchlist.
www.tradingview.com/...atchlists/114756000/
Release Notes:
Fix the settings menu.
Release Notes:
Release Notes:
Fix tickerID issue
Release Notes:
Remove tickerID label
Release Notes:
* Improve the signal condition.
* Restructure summary of trades.
Release Notes:
Added new pattern profile
Release Notes:
*Improve signal
Release Notes:
Added New Long No 9 & Long No 5.
Improve Short No 5 entry point.
Release Notes:
8.3

Protected script
This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
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.

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