OPEN-SOURCE SCRIPT
Optimal Day Trading System
🚥 How to Trade with ODTS
The indicator provides visual cues on the chart (triangles) and a real-time Status Table to help you make decisions.
Signal Definitions
Buy Signal (Green Triangle): Price is above the Sunya line and the Primary Cycle is trending up.
Strong Buy (Lime Triangle): All criteria are met, plus the Secondary Cycle has also turned bullish. This indicates "confluence".
Sell Signal (Red Triangle): Price is below the Sunya line and the Primary Cycle is trending down.
Strong Sell (Maroon Triangle): Both Primary and Secondary cycles are aligned with a price break below the Sunya line.
Real-Time Status Table
Located at the top right, this table gives you an instant "health check" of the current asset:
Price > Sunya: Confirms if the current price is above or below the FLD.
Cycle Dir: Shows the slope of the primary trend.
Position: Tells you if price is "Inside" the envelope (ranging) or "Above/Below" (overextended).
📈 Best Practices
Confluence is Key: The strongest trades occur when the Signal column in the table shows "STRONG BUY" or "STRONG SELL," meaning multiple cycles are in agreement.
Envelope Extremes: If the Status Table shows the Position as "ABOVE" or "BELOW" the envelope, be cautious about entering new trades, as the price may be overextended and due for a reversion to the Basis (mean).
Timeframe Synergy: Use the 15-minute timeframe for swing trade entries and the 1-minute or 5-minute for precise day trading executions.
The indicator provides visual cues on the chart (triangles) and a real-time Status Table to help you make decisions.
Signal Definitions
Buy Signal (Green Triangle): Price is above the Sunya line and the Primary Cycle is trending up.
Strong Buy (Lime Triangle): All criteria are met, plus the Secondary Cycle has also turned bullish. This indicates "confluence".
Sell Signal (Red Triangle): Price is below the Sunya line and the Primary Cycle is trending down.
Strong Sell (Maroon Triangle): Both Primary and Secondary cycles are aligned with a price break below the Sunya line.
Real-Time Status Table
Located at the top right, this table gives you an instant "health check" of the current asset:
Price > Sunya: Confirms if the current price is above or below the FLD.
Cycle Dir: Shows the slope of the primary trend.
Position: Tells you if price is "Inside" the envelope (ranging) or "Above/Below" (overextended).
📈 Best Practices
Confluence is Key: The strongest trades occur when the Signal column in the table shows "STRONG BUY" or "STRONG SELL," meaning multiple cycles are in agreement.
Envelope Extremes: If the Status Table shows the Position as "ABOVE" or "BELOW" the envelope, be cautious about entering new trades, as the price may be overextended and due for a reversion to the Basis (mean).
Timeframe Synergy: Use the 15-minute timeframe for swing trade entries and the 1-minute or 5-minute for precise day trading executions.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
I am nothing @shunya.trade
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
I am nothing @shunya.trade
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.