Momentum Reversal / Dip Buyer [Score Based]

Strategy Overview
Momentum Reversal / Dip Buyer [Score Based] is a quantitative reversal engine designed to fade stretched moves and buy dips / sell rallies when multiple momentum and context factors line up. It’s built for liquid instruments especially for ticker ES1! and works best on intraday timeframes like the 5-minute or 1-minute chart.

Core Logic
This strategy builds a composite Momentum Score by combining:

• Price Location: Relative to 100 SMA, 1000 EMA, and VWAP (trend / regime filter).
  
• RSI: Overbought/oversold and mid-zone strength.
  
• VWMO (Volume-Weighted Momentum): Direction and strength of volume-weighted price drift.
  
• ADX: Trend strength filter (high vs low trend environment).
  
• Full Stoch (%K): Short-term exhaustion and mean-reversion context.
  
• CCI: Overbought/oversold turns (key trigger).
  
• MFI: Volume-confirmed buying/selling pressure.
  
• ATR Regime: High vs low volatility environment.
  
• Cumulative Delta: Whether net aggressor flow is rising or falling.
  

From this, a single Momentum Score is computed each bar:

• Longs: Taken when the score is depressed (scoreLow) and CCI crosses up from oversold.
  
• Shorts: Taken when the score is elevated (scoreHigh) and CCI crosses down from overbought.
  

Risk Management & Trade Logic

• Max Daily Trades: Hard cap on entries per day.
  
• Hard Stop: Fixed % stop based on entry price.
  
• Profit Target: Target ATR Multiplier × main ATR from entry.
  
• Breakeven Logic: Optional; moves stop to breakeven (plus optional offset) after price moves a configurable multiple of the main ATR in your favor.
  
• Trailing Stop (Separate ATR): Optional; uses its own ATR length and ATR-based trigger and distance. This lets you run slower ATR for targets while using a tighter, more reactive ATR for the trail.
  

Session Control

• Trading Window: Optional session filter (e.g., 09:30–16:00). Entries are only allowed inside the defined window.
  
• Force Flat at Session End: Option to automatically close all open positions when the session ends.
  

Visuals

• The script plots entry arrows and a compact dashboard displaying: current Momentum Score, daily trade usage, and CCI status.
  

Disclaimer:
This script is for educational and research purposes only and is not financial advice. Past performance does not guarantee future results. Always forward-test and adjust parameters to your own risk tolerance and market.

Shoutout and all credit goes to AuclairsCapital for building the base foundation of this strategy on ThinkScript