OPEN-SOURCE SCRIPT
stratbynick
Automatically detects pivot-based S/R levels and enters LONG on resistance breakouts or SHORT on support breakdowns when momentum confirms (2+ consecutive candles + strong body). Filters out choppy markets (tight S/R range <0.5%) to avoid whipsaw losses. Features 6 exit types: stop loss (-0.25%), take profit (+0.5%), trailing stop, momentum reversal detection, early exit on failed setups, and failed breakout protection. Visual signals: green triangles (long), red triangles (short), X markers (exits), color-coded backgrounds for market conditions, plus live profit tracking table.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.