PROTECTED SOURCE SCRIPT
STEVEN Breakout VWAP (M1/M5/M15)
This strategy combines breakout detection, VWAP confirmation, and ATR-based risk management to identify high-probability trading setups.
It automatically generates Long and Short entries when price action breaks key levels and aligns with VWAP direction, providing clear visual signals and automated backtesting capability.
🔍 How It Works
Breakout Detection:
The script identifies when price breaks above recent highs or below recent lows (based on the last 10 candles).
VWAP Confirmation:
A Long signal is generated when price breaks above resistance and stays above VWAP.
A Short signal is generated when price breaks below support and stays below VWAP.
ATR-based Stop Loss & Take Profit:
Stop Loss = 1× ATR (adjustable).
Take Profit = 1.5× risk (Risk/Reward 1:1.5).
Both are calculated dynamically at signal time.
Backtesting Ready:
Fully compatible with TradingView’s Strategy Tester, allowing users to analyze performance, win rate, and profit factors automatically.
🧩 Visual Features
Green triangles below the bars → Long signal.
Red triangles above the bars → Short signal.
Orange VWAP line → confirms trend direction.
⚙️ Inputs
ATR Length and Multiplier
VWAP Display toggle
Stop Loss and Risk/Reward settings
Signal marker size
It automatically generates Long and Short entries when price action breaks key levels and aligns with VWAP direction, providing clear visual signals and automated backtesting capability.
🔍 How It Works
Breakout Detection:
The script identifies when price breaks above recent highs or below recent lows (based on the last 10 candles).
VWAP Confirmation:
A Long signal is generated when price breaks above resistance and stays above VWAP.
A Short signal is generated when price breaks below support and stays below VWAP.
ATR-based Stop Loss & Take Profit:
Stop Loss = 1× ATR (adjustable).
Take Profit = 1.5× risk (Risk/Reward 1:1.5).
Both are calculated dynamically at signal time.
Backtesting Ready:
Fully compatible with TradingView’s Strategy Tester, allowing users to analyze performance, win rate, and profit factors automatically.
🧩 Visual Features
Green triangles below the bars → Long signal.
Red triangles above the bars → Short signal.
Orange VWAP line → confirms trend direction.
⚙️ Inputs
ATR Length and Multiplier
VWAP Display toggle
Stop Loss and Risk/Reward settings
Signal marker size
Скрипт с защищённым кодом
Этот скрипт опубликован с закрытым исходным кодом. However, you can use it freely and without any limitations – learn more here.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Скрипт с защищённым кодом
Этот скрипт опубликован с закрытым исходным кодом. However, you can use it freely and without any limitations – learn more here.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.