PROTECTED SOURCE SCRIPT
APIBridge Support and Resistance Levels with Breaks
Strategy Premise
It provides basic Pivot Support and Resistance levels, along with any bull or bear wick. The strategy takes a left/right bar input which we use to calculate a pivot high and low point (if any). Any breakout of a support or resistance level with volume generates a trade signal.
Strategy Logic
Long Entry: When it generate ‘Green B’ signal on chart, send LE
Long Exit: Either it hits when SL or Target. If SL/TGT is not hit and ‘Red B’ signal is generated, send LX and SE
Short Entry: When it genrate ‘Red B’ signal is on chart, send SE
Short Exit: Either when it hit SL or Target. If SL/TGT is not hit and ‘Green B’ is generated, send SX and LE
Support and Resistance Levels with Breaks Parameters for TradingView Charts
1.Left bars: Number of bars to the left hand side of the pivot
2.Right Bars: Number of bars to the right hand side of the pivot
3.Volume Threshold: Threshold value (%) for the Volume Oscillator
4.Backtesting : Use this to backtest the strategy between Starting and Ending Date and time , it can also be used to set trades in future time
5.Alert_Message : Need to copy while creating alert into Message Box
6.Trade Setup : Intraday / Positional (Selecct accordingly)
7.Start Time Stop Time (Session 1) : Intraday / Positional start time and end time of trade for session 1
8.End Session 1 : Define time to exit any existing position taken in session 1 so that exchange charges will not apply
9.Use Second Session : Check this to use second intraday session
10.Start Time Stop Time (Session 2) : Intraday / Positional start time and end time of trade for session 2
11.End Session 1 : Define time to exit any existing position taken in session 2 so that exchange charges will not apply
12.Use Target : check if you want to set required target if not cheque will not applicable
13.Use StopLoss : Cheque if you want to set stop loss if not cheque will not applicable
14.Trailling Stoploss : Cheque if you want to set trailing stop loss if not cheque will not applicable
15.Point Or Percentage For TG SL : Use Points or Percentage as per your choice
16.Target : Set as per the selection of (Point Or Percentage For TG SL)
17.Stop Loss : Set as per the selection of (Point Or Percentage For TG SL)
18.TSL_Type : Select as per your logic in %/ATR/Points
19.TSL_Input : Set in case you select %/Points in TSL_Type
20.ATR Length : Set as per your logic if you select ATR in the field of TSL_Type
21.ATR_Mult : Set as per your logic if you select ATR in the field of TSL_Type
22.Segment : Select segment of your logic EQ/FUTIDX/FUTSTK/OPTIDX/OPTSTK/FUTCUR/FUTCUM (Used in case of option / Futures )
23.Select Expiry Date : Select the expiry date of your trade as per the segment you selected (Used in case of option / Futures )
24.Select Expiry Month : Select the expiry Month of your trade as per the segment you selected (Used in case of option / Futures )
25.Year : Select the expiry Year of your trade as per the segment you selected (Used in case of option / Futures )
26.Quantity : Enter the quantity in which you want to trade (Used in case of option / Futures )
27.Product Type : Select MIS/Normal/ CNC as per your logic (Used in case of option / Futures )
28.Order Type : Select Market/Limit as per your logic (Used in case of option / Futures )
29.Strategy Tag : Enter the value in case you are using webhook / advance template in APIBridgeTM
30.Lotsize : Enter the lotsize as per your lotic and quentity selection (Used in case of option / Futures )
31.STEP (OTM/ATM/ ITM ) : Select OTM(+1)/ATM(0)/ ITM (-1) as per your logic works in case of options only
32.DIFFERENCE_BETWEEN 2 STRIKE : Select difference of 2 strikes you have used in APIBridge symbol setting list, like for Nifty 50 BankNifty 100
33.APIB Port : Set as per provided to you by Algoji in case of webhook / advance templet
The Segment full form is given below
EQ Equity
FUTIDX Future Index
FUTSTK Future Stock
OPTIDX Index Option
OPTSTK Stock Option
FUTCUR Futcur Currency
FUTCUM Future Commodity
It provides basic Pivot Support and Resistance levels, along with any bull or bear wick. The strategy takes a left/right bar input which we use to calculate a pivot high and low point (if any). Any breakout of a support or resistance level with volume generates a trade signal.
Strategy Logic
Long Entry: When it generate ‘Green B’ signal on chart, send LE
Long Exit: Either it hits when SL or Target. If SL/TGT is not hit and ‘Red B’ signal is generated, send LX and SE
Short Entry: When it genrate ‘Red B’ signal is on chart, send SE
Short Exit: Either when it hit SL or Target. If SL/TGT is not hit and ‘Green B’ is generated, send SX and LE
Support and Resistance Levels with Breaks Parameters for TradingView Charts
1.Left bars: Number of bars to the left hand side of the pivot
2.Right Bars: Number of bars to the right hand side of the pivot
3.Volume Threshold: Threshold value (%) for the Volume Oscillator
4.Backtesting : Use this to backtest the strategy between Starting and Ending Date and time , it can also be used to set trades in future time
5.Alert_Message : Need to copy while creating alert into Message Box
6.Trade Setup : Intraday / Positional (Selecct accordingly)
7.Start Time Stop Time (Session 1) : Intraday / Positional start time and end time of trade for session 1
8.End Session 1 : Define time to exit any existing position taken in session 1 so that exchange charges will not apply
9.Use Second Session : Check this to use second intraday session
10.Start Time Stop Time (Session 2) : Intraday / Positional start time and end time of trade for session 2
11.End Session 1 : Define time to exit any existing position taken in session 2 so that exchange charges will not apply
12.Use Target : check if you want to set required target if not cheque will not applicable
13.Use StopLoss : Cheque if you want to set stop loss if not cheque will not applicable
14.Trailling Stoploss : Cheque if you want to set trailing stop loss if not cheque will not applicable
15.Point Or Percentage For TG SL : Use Points or Percentage as per your choice
16.Target : Set as per the selection of (Point Or Percentage For TG SL)
17.Stop Loss : Set as per the selection of (Point Or Percentage For TG SL)
18.TSL_Type : Select as per your logic in %/ATR/Points
19.TSL_Input : Set in case you select %/Points in TSL_Type
20.ATR Length : Set as per your logic if you select ATR in the field of TSL_Type
21.ATR_Mult : Set as per your logic if you select ATR in the field of TSL_Type
22.Segment : Select segment of your logic EQ/FUTIDX/FUTSTK/OPTIDX/OPTSTK/FUTCUR/FUTCUM (Used in case of option / Futures )
23.Select Expiry Date : Select the expiry date of your trade as per the segment you selected (Used in case of option / Futures )
24.Select Expiry Month : Select the expiry Month of your trade as per the segment you selected (Used in case of option / Futures )
25.Year : Select the expiry Year of your trade as per the segment you selected (Used in case of option / Futures )
26.Quantity : Enter the quantity in which you want to trade (Used in case of option / Futures )
27.Product Type : Select MIS/Normal/ CNC as per your logic (Used in case of option / Futures )
28.Order Type : Select Market/Limit as per your logic (Used in case of option / Futures )
29.Strategy Tag : Enter the value in case you are using webhook / advance template in APIBridgeTM
30.Lotsize : Enter the lotsize as per your lotic and quentity selection (Used in case of option / Futures )
31.STEP (OTM/ATM/ ITM ) : Select OTM(+1)/ATM(0)/ ITM (-1) as per your logic works in case of options only
32.DIFFERENCE_BETWEEN 2 STRIKE : Select difference of 2 strikes you have used in APIBridge symbol setting list, like for Nifty 50 BankNifty 100
33.APIB Port : Set as per provided to you by Algoji in case of webhook / advance templet
The Segment full form is given below
EQ Equity
FUTIDX Future Index
FUTSTK Future Stock
OPTIDX Index Option
OPTSTK Stock Option
FUTCUR Futcur Currency
FUTCUM Future Commodity
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Regards,
Algoji Enterprises Private Limited
APIBridge™
Algoji Enterprises Private Limited
APIBridge™
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.
Regards,
Algoji Enterprises Private Limited
APIBridge™
Algoji Enterprises Private Limited
APIBridge™
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.