PROTECTED SOURCE SCRIPT
Updated Lead Levels TP/SL v1.3 (close-only entries)

Lead Levels — close-only signals, clean execution
Notice: Designed for BTC 15-minute charts only.
What it shows
How to read
How to trade it
Why traders like it
Notice: Designed for BTC 15-minute charts only.
What it shows
- Four reliability tiers: L1, L2, L3, L4.
- A black “DON’T BET” marker for extreme conditions you should skip.
- All triangles print only on bar close to avoid repaint.
How to read
- ▲ BUY L1–L4: higher level → stronger confidence.
- ▼ SELL L1–L4: higher level → stronger confidence.
- DON’T BET (black): stand aside. No trade.
How to trade it
- When a triangle prints, run a 1:1 target/stop:
- Long: TP +1%, SL −1%.
- Short: TP −1%, SL +1%.
- Focus on normal conditions. Skip when the black marker appears.
- One entry per signal. Keep sizing consistent.
Why traders like it
- Close-only printing keeps charts honest.
- Simple 1:1 playbook. No guesswork.
Release Notes
- Removed short trades. Shorts showed a 50.8% win rate but consistently increased max drawdown and risk, despite boosting headline returns.
- Converted the system to long-only. Backtests on the full 5-year dataset remain valid, with stable performance and reduced drawdowns compared to the mixed long/short version.
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.