Break and Retest High Probability Strategy

What does the script Do:

Script uses Break and Retest strategy on Key Levels like PMH, PDH, PMH, PML and ORB levels. Based on the strength of the candle at these key levels a position is taken and based on Dynamic stop loss, we scale out of the position at key levels. Scale out can also happen based on the QQQ trend.

How it does it:
First the script identifies No Trade Zone - which is higher of PMH and PDH for Highest position of No Trade Zone, and lower of PML and PDL. Any trades within this doesnt take any Trade entries.
Entries are taken in only Regular Trading Hours.
Candle strength is constantly tracked for break out these levels and then wait for retest levels based on Volatality on that day with ATR levels. If it fails to come back to retest - it is ignored else at retest levels strength of the bar is tracked. Scaling out can be done based on various Input parameters given in the strategy. VWAP and 9 EMA is also tracked for taking an entry or not.

How to use it:
Make sure to use various parameters within Inputs like Candle Strength at vwap, QQQ confluence to tweak and see what works best for the time frame and stock.
In the Multi Time frame construct - if you are on 5min time frame the candle stregth can be tracked in lower time frame which can be 1, 2, 3 min etc. This is also configurable within the Inputs.

Make sure to use the levels and values displayed in the table to see real time data.

Also, You can just have the Long entry, Short Entry and Plot variables selected in Style section to declutter the chart. Feel free to reuse the chart 

what makes it original.

Strategy Parameters
• Is representative of real world trading conditions.
Break and Retest at key levels while following various confluence set ups makes it completely real world and battle tested indicator. All the parameters used within Inputs and Style are completely known Market variables.
• Is compatible with the markets their strategy is written for.
This is best for doing scalping where momentum and volatality is the king.
• Produces realistic results.
Like any strategy nothing is 100% guaranteed. But the key is to monitor the Profit factor and exit at right positions even if it means lesser number of trades.

This strategy is tested against lot of Tech stocks like nvidia, tesla, amazon against QQQ confluence.


. to help traders interpret the results they publish with their strategy,
Please feel free to tweak the parameters to tweak the strategy and see what works best for the stock you are placing this indicator on.


I primarily take the default parameters of this strategy to do scalping. The Multitime frame restest ( which goes to lower timeframe to check the strength of bars - which is again configurable by Fixed Retest bars and Retest Time Frame. I would recommend you to use Enable candle pattern filter to further refine the trades to be high probability.


This is a high probability set up - so please dont expect many trades from each stock. The strategy only gets triggered when it sees valid signal as per parameters set on the strategy.