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Multi-Timeframe (MTF) Breakout Strategy
This is a Multi-Timeframe (MTF) Breakout Strategy designed to identify high-probability trend entries by combining price action with market-wide and asset-specific filters.
The strategy triggers trades when the current price breaks above (or below) the combined historical highs (or lows) of three different user-defined timeframes (e.g., Weekly, Monthly, 3-Month). It utilizes a "layered filter" approach to ensure trades are only taken during periods of high volume and trend strength.
Key Features
Multi-Timeframe Breakout: Dynamically calculates resistance and support levels based on the maximum/minimum values of three higher timeframes.
Market Sentiment Filter: Uses an external index (e.g., PSX, Nadaq, Tasi, SPY) to ensure you aren't buying in a bearish broader market.
Relative Strength (RS): Compares the asset's performance against the index over a specific lookback period to ensure the asset is an "outperformer."
Triple EMA Trend Alignment: Confirms the trend using three EMAs (e.g., 13, 50, 200) to ensure price is in a clear bullish or bearish structure.
Volume Validation: Requires current volume to be above its simple moving average to confirm breakout conviction.
The strategy triggers trades when the current price breaks above (or below) the combined historical highs (or lows) of three different user-defined timeframes (e.g., Weekly, Monthly, 3-Month). It utilizes a "layered filter" approach to ensure trades are only taken during periods of high volume and trend strength.
Key Features
Multi-Timeframe Breakout: Dynamically calculates resistance and support levels based on the maximum/minimum values of three higher timeframes.
Market Sentiment Filter: Uses an external index (e.g., PSX, Nadaq, Tasi, SPY) to ensure you aren't buying in a bearish broader market.
Relative Strength (RS): Compares the asset's performance against the index over a specific lookback period to ensure the asset is an "outperformer."
Triple EMA Trend Alignment: Confirms the trend using three EMAs (e.g., 13, 50, 200) to ensure price is in a clear bullish or bearish structure.
Volume Validation: Requires current volume to be above its simple moving average to confirm breakout conviction.
Скрипт с защищённым кодом
Этот скрипт опубликован с закрытым исходным кодом. Однако вы можете использовать его свободно и без каких-либо ограничений — читайте подробнее здесь.
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. Однако вы можете использовать его свободно и без каких-либо ограничений — читайте подробнее здесь.
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.