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indicator tradingview

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187 views2 pages

indicator tradingview

Uploaded by

shyamgowtham606
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
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//@version=5

strategy("ICT Enhanced Breakout & Fibonacci Strategy", overlay=true)

// Input options
showSupportResistance = input(true, title="Show Support/Resistance Levels")
breakoutThreshold = input(1.5, title="Breakout Threshold (Multiplier)")
fibLookback = input(50, title="Lookback Period for Fibonacci Levels")
ratingStars = input(3, title="Rating for Strong Signal")
useICT = input(true, title="Use ICT Concepts (Order Blocks & Fair Value Gaps)")

// Calculate support and resistance using pivot points


support = ta.pivotlow(high, 10, 10)
resistance = ta.pivothigh(low, 10, 10)

// Check if support and resistance are valid


plotSupport = not na(support) ? support : na
plotResistance = not na(resistance) ? resistance : na

// Declare line variables


var line supportLine = na
var line resistanceLine = na

// Update support and resistance lines if enabled


if (showSupportResistance and not na(plotSupport))
supportLine := line.new(bar_index - 10, plotSupport, bar_index, plotSupport,
color=color.green, width=1, style=line.style_dotted)

if (showSupportResistance and not na(plotResistance))


resistanceLine := line.new(bar_index - 10, plotResistance, bar_index,
plotResistance, color=color.red, width=1, style=line.style_dotted)

// Calculate Fibonacci levels based on recent swing high and low


swingLow = ta.lowest(low, fibLookback)
swingHigh = ta.highest(high, fibLookback)

fibLevel236 = swingHigh - (swingHigh - swingLow) * 0.236


fibLevel382 = swingHigh - (swingHigh - swingLow) * 0.382
fibLevel50 = swingHigh - (swingHigh - swingLow) * 0.5
fibLevel618 = swingHigh - (swingHigh - swingLow) * 0.618
fibLevel786 = swingHigh - (swingHigh - swingLow) * 0.786

// Plot Fibonacci levels


plot(fibLevel236, color=color.blue, title="Fib 23.6%", linewidth=1)
plot(fibLevel382, color=color.blue, title="Fib 38.2%", linewidth=1)
plot(fibLevel50, color=color.blue, title="Fib 50.0%", linewidth=1)
plot(fibLevel618, color=color.blue, title="Fib 61.8%", linewidth=1)
plot(fibLevel786, color=color.blue, title="Fib 78.6%", linewidth=1)

// ICT Order Block Detection (Simple)


bullishOrderBlock = low[2] < low[1] and low[1] < low
bearishOrderBlock = high[2] > high[1] and high[1] > high

// ICT Fair Value Gap Detection


fvGapUp = close[2] < low[1] and high[1] < close
fvGapDown = close[2] > high[1] and low[1] > close

// Buy and Sell Signal Logic (Support/Resistance & Fibonacci Levels)


buySignalSR = ta.crossover(close, plotResistance * breakoutThreshold)
sellSignalSR = ta.crossunder(close, plotSupport * breakoutThreshold)
buySignalFib = ta.crossover(close, fibLevel382) or ta.crossover(close, fibLevel618)
sellSignalFib = ta.crossunder(close, fibLevel236) or ta.crossunder(close,
fibLevel50)

// Buy and Sell Signal Logic (ICT Concepts)


buySignalICT = (bullishOrderBlock and fvGapUp) or (buySignalFib and fvGapUp)
sellSignalICT = (bearishOrderBlock and fvGapDown) or (sellSignalFib and fvGapDown)

// Combine signals with ICT concepts


buySignal = (buySignalSR or buySignalICT) and close > fibLevel382
sellSignal = (sellSignalSR or sellSignalICT) and close < fibLevel50

// Plot Buy/Sell signals only when conditions are met


plotshape(buySignal, location=location.belowbar, color=color.green, text="BUY",
textcolor=color.white, size=size.large, title="Buy Signal")
plotshape(sellSignal, location=location.abovebar, color=color.red, text="SELL",
textcolor=color.white, size=size.large, title="Sell Signal")

// Execute trades based on signals


if (buySignal)
strategy.entry("Buy", strategy.long)

if (sellSignal)
strategy.entry("Sell", strategy.short)

// Close trades based on opposite signals


if (sellSignal)
strategy.close("Buy")

if (buySignal)
strategy.close("Sell")

// Display accuracy and debug information


var float totalSignals = 0
var float correctSignals = 0

if (buySignal or sellSignal)
totalSignals := totalSignals + 1
if (buySignal and close[1] < close)
correctSignals := correctSignals + 1
if (sellSignal and close[1] > close)
correctSignals := correctSignals + 1

accuracy = totalSignals > 0 ? (correctSignals / totalSignals) * 100 : 0


plot(accuracy, color=color.orange, title="Signal Accuracy (%)")

// Filter signals based on accuracy


minAccuracy = 90
if (accuracy < minAccuracy)
buySignal := false
sellSignal := false

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