OPEN-SOURCE SCRIPT
KPAP Strategy
How This Strategy Works:
1. Trend Filter:
Uses a 50-period EMA to define the trend.
If the price is above the EMA, it's a bullish trend; below the EMA, it's a bearish trend.
Exhaustion Signals:
2. Uses the RSI to identify overbought/oversold levels (default: 70/30).
Long trades are considered when RSI is oversold, and short trades are considered when RSI is overbought.
3. Support & Resistance Zones:
Identifies key pivot points for potential reversal areas.
Long trades are triggered when the price is near support, and short trades are triggered near resistance.
4. Reversal Candlestick Patterns:
Recognizes Bullish Engulfing patterns for long trades and Bearish Engulfing patterns for short trades.
Provides confirmation for entry points.
5. Risk Management:
Implements Stop Loss and Take Profit levels based on user-defined Risk:Reward ratios.
1. Trend Filter:
Uses a 50-period EMA to define the trend.
If the price is above the EMA, it's a bullish trend; below the EMA, it's a bearish trend.
Exhaustion Signals:
2. Uses the RSI to identify overbought/oversold levels (default: 70/30).
Long trades are considered when RSI is oversold, and short trades are considered when RSI is overbought.
3. Support & Resistance Zones:
Identifies key pivot points for potential reversal areas.
Long trades are triggered when the price is near support, and short trades are triggered near resistance.
4. Reversal Candlestick Patterns:
Recognizes Bullish Engulfing patterns for long trades and Bearish Engulfing patterns for short trades.
Provides confirmation for entry points.
5. Risk Management:
Implements Stop Loss and Take Profit levels based on user-defined Risk:Reward ratios.
Script open-source
In pieno spirito TradingView, l'autore di questo script lo ha pubblicato open-source, in modo che i trader possano comprenderlo e verificarlo. Un saluto all'autore! È possibile utilizzarlo gratuitamente, ma il riutilizzo di questo codice in una pubblicazione è regolato dal nostro Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.
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