Algo BOT 3.0

29 mag

Algo BOT 3.0 is a sophisticated, rule-based intraday trading strategy designed for index option traders who seek high-probability entries based on market structure, institutional zones, and controlled risk management. This strategy intelligently identifies BUY and SELL trade opportunities using price action, Fibonacci retracements, and pivot confluences, layered with dynamic trade management through trailing stop loss (TSL) and predefined profit/loss thresholds.

🔍 Strategic Foundation
Algo BOT 3.0 combines multiple proven intraday trading concepts into a single unified system:

Candle Behavior Analysis:

Detects strong green (bullish) and red (bearish) candles based on configurable range filters, wick/body ratios, and volume-backed movement.

Ensures only impactful candles are considered for signal generation, filtering out noise.

Dynamic Candle Range Filtering:

Filters out low-momentum candles by comparing their range against a dynamically calculated threshold (based on recent 30-minute close).

Prevents premature or weak entries by focusing on high-volatility structures.

Fibonacci Entry Zones:

Automatically calculates 0.382 and 0.618 Fibonacci levels between the most recent key candles (highest green & lowest red).

These fib levels are used to define entry zones for BUY (above red fib 0.382) and SELL (below green fib 0.382).

Optional fib zones can be visually shown on the chart with real-time drawing.

📈 Signal Generation Logic
The core BUY/SELL signals are triggered based on a combination of:

Green/Red Candle Identification:

A green candle qualifies if:

Open is near the bottom 38.2% of its range.

Close is above the top 61.8% of the range.

High is above a pivot or institutional level.

A red candle qualifies if:

Open is near the top 38.2% of its range.

Close is below the bottom 61.8% of the range.

Low is below a pivot or institutional level.

Support/Resistance Touch Confirmation:

Signals are only considered valid if the qualifying candle touches:

CPR Top/Bottom

Daily Pivot Points (PP, R1–R4, S1–S4)

VWAP or MVWAP

CE Entry (BOT BUY):

Occurs when the price crosses above red fib 0.382 after red candle touch at support.

PE Entry (BOT SELL):

Occurs when the price crosses below green fib 0.382 after green candle touch at resistance.

Signal Controls:

Only one active signal per type (BUY/SELL) at a time.

Real-time tracking of active trade with condition-based resets.

🎯 Exit Management
Built-in risk and profit control with dynamic logic:

Trailing Stop Loss (TSL):

TSL is dynamically adjusted based on peak price after entry.

Trail distance is customizable via input (% below peak).

Visual alerts notify when TSL is hit.

Profit Target:

Trade exits automatically when desired % profit is achieved from entry.

Loss Limit:

Trade exits immediately if unrealized loss exceeds a set % threshold.

Helps prevent large drawdowns during volatile market moves.

🧠 Technical Indicator Integration
To enhance trade accuracy, the strategy includes several optional filters:

RSI: Momentum confirmation or divergence filtering.

SMA/EMA: Trend direction confirmation.

MVWAP: Modified VWAP for smoother institutional bias tracking.

🖼️ Visuals & Alerts
BOT BUY and BOT SELL Signal Labels appear directly on the chart with trade type and candle reference.

TSL, Target, and SL Exits shown as label markers with optional background highlight.

Live Alerts:

BOT BUY (CE Entry)

BOT SELL (PE Entry)

Trailing Stop Loss Triggered

Profit Target Hit

Stop Loss Triggered

⚙️ Customizable Settings
Users can fine-tune the strategy using the following input options:

MVWAP Length

RSI / SMA / EMA Lengths

Candle Range Sensitivity

TSL Distance (%)

Profit Target (%)

Loss Limit (%)

Enable/Disable Background Highlights & Labels

Display Fib Zones

⏱️ Best Use Case & Timeframes

29 mag

Note di rilascio

Algo BOT 3.0 — CE/PE Signal Generator (Educational Tool)
Overview:

Algo BOT 3.0 is a custom-built Pine Script indicator designed for educational and technical analysis purposes. It is developed to help traders visually explore how price behaves around critical support/resistance areas by combining multiple classic indicators and dynamic candle detection logic. The tool highlights potential Call Entry (CE) and Put Entry (PE) zones using structured visual markers and alerts, based on real-time chart interactions with pivot levels and Fibonacci retracements.

✅ Core Features:
📌 1. Dynamic Candle Recognition:
Detects significant bullish ("green") and bearish ("red") candles based on:

Relative candle range (size threshold in points)

Fibonacci thresholds within the candle (open/close position relative to low/high)

Confirmation via pivot breakouts (e.g., high > R1/R2 or low < S1/S2)

📌 2. Fibonacci Zones:
Calculates 0.382 and 0.618 levels dynamically from:

Highest confirmed green candle

Lowest confirmed red candle

These levels act as reference retracement zones for possible entries.

📌 3. Multi-Pivot Detection System:
Supports Daily, Weekly, and Monthly pivot structures.

Auto-plots key levels: Pivot, R1–R4, S1–S4, and CPR (Top/Bottom).

Visual cues are triggered when price touches key pivots or zones.

📌 4. VWAP and MVWAP Zones:
Includes standard VWAP (Volume Weighted Average Price) for intraday mean price analysis.

Adds MVWAP (custom period) to reflect price equilibrium over multiple sessions.

📌 5. CE/PE Signal Markers:
"BOT BUY" marker is shown when CE entry conditions are satisfied (e.g., price retraces to red_fib_0.382).

"BOT SELL" marker is shown when PE entry conditions are satisfied (e.g., price retraces to green_fib_0.382).

Visual arrows and labels appear only at unique condition matches to avoid repetition.


📌 7. N-Day High/Low Analysis:
Tracks and plots N-day high and low levels to filter false signals.

Optional filter to avoid entries near recent multi-day extremes.

📌 8. Alerts & Visual Output:
Fully customizable alert system for:

CE/PE signal generation



Clean, uncluttered visual labels for fast intraday analysis.

🔒 Disclaimer:
This script is intended strictly for educational, research, and technical analysis purposes.

It does not provide financial advice, trading recommendations, or guaranteed results.

Always conduct your own analysis and risk management before making any trading decisions.

Performance in the past does not imply or guarantee future returns.

Use responsibly with paper trading or simulated environments before considering real trades.

📈 Suggested Timeframes & Usage Tips:
Best used for any timeframe (e.g., 30 min, 15 min, 4hr or Daily).

Combine with volume and trend indicators for deeper insights.

Designed to support discretionary decision-making, not autonomous trading.

4 giorni fa

Note di rilascio

📌 4. VWAP + MVWAP + MVWAP 250 Confluence (NEW)
Now includes layered mean-value filters to enhance entry precision:

VWAP (Intraday): For immediate price mean detection

MVWAP (Custom Length): Tracks recent session equilibrium

MVWAP 250 (Long-Term): Adds broader mean price awareness

Signal Conditions Require:

Price must touch any of these moving VWAPs near the pivot when marking a qualifying green or red candle.
* modify LowestLow5 to Lowestclose4 and HighestHigh5 to Highestclose4