MAX NEW VERSION Previous Day
MAX NEW VERSION Previous Day
Overview: This is a high-probability breakout strategy designed to capture momentum when the price breaks above the Previous Day's High (PDH). It combines price action with volume confirmation and trend filtering to avoid false breakouts.
Key Features:
PDH Breakout: Uses the previous day's high as a critical psychological and technical level.
Volume Filter: Entries are only allowed if volume is increasing and above its Moving Average, ensuring the move is backed by institutional interest.
Donchian Trend Filter: A built-in Donchian Channel trend filter ensures we only trade in a confirmed bullish environment.
Smart Risk Management: Integrated Take Profit, Stop Loss, and Trailing Stop to lock in profits dynamically.
Single Entry Logic: The strategy is programmed to avoid overtrading by limiting entries to one per day.
How to use:
Timeframe: Best performed on 15m, 30m, or 1h charts.
Assets: Highly effective on Blue-chip Stocks, Forex majors (EUR/USD, GBP/USD), and Crypto (BTC, ETH).
Settings: You can customize TP/SL percentages and the Trailing Distance directly from the "Inputs" tab.
Alerts: Fully compatible with TradingView alerts for automated trading or notifications.
Features
- Why this version? PDH: Immediately clarifies the logic (Previous Day High). Triple Filter: Communicates confidence and quality. 1 trade/day
About the creator
