OPEN-SOURCE SCRIPT
ZigZag + Fractals + SAR / Owl of Profit
ZigZag + Fractals + SAR Strategy
This strategy combines ZigZag, Fractals, and Parabolic SAR to provide robust trading signals, ideal for identifying trend reversals and trade entries
Features
ZigZag
Tracks trend changes using defined depth and deviation parameters
Identifies "High" and "Low" pivots for trend movements
Fractals
Captures local highs (Fractal Up) and lows (Fractal Down), serving as potential reversal points
Parabolic SAR
Generates entry and exit signals based on price and SAR crossovers
Strategy Conditions
Long
Price crosses above SAR (SAR shifts below price)
ZigZag indicates an uptrend
A fractal down appears
Short
Price crosses below SAR (SAR shifts above price)
ZigZag indicates a downtrend
A fractal up appears
Exit Logic
Exit Long
SAR crosses above price
Exit Short
SAR crosses below price
Customization
ZigZag Parameters
Depth: 5 candles
Deviation: 5%
Parabolic SAR
Start: 0.02, Max: 0.2, Increment: 0.02
Option to visualize Fractals and SAR on the chart
This strategy is suitable for both short-term and long-term trades, allowing flexible customization for different market conditions
Visit my website for more tools and strategies bybitindicators.com
Happy trading!
This strategy combines ZigZag, Fractals, and Parabolic SAR to provide robust trading signals, ideal for identifying trend reversals and trade entries
Features
ZigZag
Tracks trend changes using defined depth and deviation parameters
Identifies "High" and "Low" pivots for trend movements
Fractals
Captures local highs (Fractal Up) and lows (Fractal Down), serving as potential reversal points
Parabolic SAR
Generates entry and exit signals based on price and SAR crossovers
Strategy Conditions
Long
Price crosses above SAR (SAR shifts below price)
ZigZag indicates an uptrend
A fractal down appears
Short
Price crosses below SAR (SAR shifts above price)
ZigZag indicates a downtrend
A fractal up appears
Exit Logic
Exit Long
SAR crosses above price
Exit Short
SAR crosses below price
Customization
ZigZag Parameters
Depth: 5 candles
Deviation: 5%
Parabolic SAR
Start: 0.02, Max: 0.2, Increment: 0.02
Option to visualize Fractals and SAR on the chart
This strategy is suitable for both short-term and long-term trades, allowing flexible customization for different market conditions
Visit my website for more tools and strategies bybitindicators.com
Happy trading!
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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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.