PROTECTED SOURCE SCRIPT
WAE + WaveTrend + ST Strategy Finale
Confluence Multi-Filter Strategy (WAE + WT + ST + EMA M5) | Pine Script v6 | High R:R
This advanced strategy, written in Pine Script v6, is the culmination of combining powerful and tested trading logics. It is specifically optimized for low timeframes (e.g., 1 minute), but the multi-timeframe filters make it highly adaptable.
The main goal is to identify high-probability signals when there is a confluence (agreement) between momentum, volatility, and long-term trends, while maintaining exceptional risk control.
Key Features:
4-Way Logic: Combines WAE [SHK], WaveTrend, an EMA 50M5 (Multi-Timeframe) filter, and an optional SuperTrend filter.
Dynamic Risk Management: Uses ATR to automatically calculate tight Stop Losses and a smart Trailing Stop that activates upon reaching the first Take Profit (TP1).
Excellent Risk/Reward Ratio (R:R): Designed for aggressive R:R (base 1:3), which can be easily customized in the inputs.
Discrete Signals: Keeps the chart clean by only showing entry points (BUY/SELL), SL, and TP with small dots.
Maximum Customization: Control which filters to activate (EMA, ST, simplified SMC) using the checkboxes in the inputs.
How It Works:
The strategy looks for the "perfect storm":
Trend Confirmation: The price must be aligned with the long-term EMA 50M5 and/or the SuperTrend.
Momentum/Volume: WAE and WaveTrend must signal an explosion of volume and momentum in the same direction.
Execution: When confluence occurs, the order is triggered with SL and TP predefined by the ATR.
Performance Notes:
Recent backtesting results (with specific settings): Profit Factor above 39, minimal Drawdown, and a P&L of +50% in one week with only 3 trades.
Please Note: Past performance is not a reliable indicator of future results.
This advanced strategy, written in Pine Script v6, is the culmination of combining powerful and tested trading logics. It is specifically optimized for low timeframes (e.g., 1 minute), but the multi-timeframe filters make it highly adaptable.
The main goal is to identify high-probability signals when there is a confluence (agreement) between momentum, volatility, and long-term trends, while maintaining exceptional risk control.
Key Features:
4-Way Logic: Combines WAE [SHK], WaveTrend, an EMA 50M5 (Multi-Timeframe) filter, and an optional SuperTrend filter.
Dynamic Risk Management: Uses ATR to automatically calculate tight Stop Losses and a smart Trailing Stop that activates upon reaching the first Take Profit (TP1).
Excellent Risk/Reward Ratio (R:R): Designed for aggressive R:R (base 1:3), which can be easily customized in the inputs.
Discrete Signals: Keeps the chart clean by only showing entry points (BUY/SELL), SL, and TP with small dots.
Maximum Customization: Control which filters to activate (EMA, ST, simplified SMC) using the checkboxes in the inputs.
How It Works:
The strategy looks for the "perfect storm":
Trend Confirmation: The price must be aligned with the long-term EMA 50M5 and/or the SuperTrend.
Momentum/Volume: WAE and WaveTrend must signal an explosion of volume and momentum in the same direction.
Execution: When confluence occurs, the order is triggered with SL and TP predefined by the ATR.
Performance Notes:
Recent backtesting results (with specific settings): Profit Factor above 39, minimal Drawdown, and a P&L of +50% in one week with only 3 trades.
Please Note: Past performance is not a reliable indicator of future results.
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.