Elite Entries Pivot Banker Premium

2 days ago

Elite Entries Pivot Banker — Breakout Buffer, Zones & TSL

What it does

**Elite Entries Pivot Banker** is a trend-following entry tool that:

1. Finds fresh **support/resistance pivots** using a configurable lookback.
2. Triggers **buy/sell** only when price **closes beyond** the pivot by a user-defined **Breakout Buffer** (ATR/%, or ticks).
3. Optionally **stamps a zone** from the **previous candle** (wick or body) so you can see the supply/demand area that produced the signal.
4. Manages positions with a **Trailing Stop (TSL)** (ATR/%, or points), including optional **auto break-even after +1R**.

It’s designed to cut “touch & reverse” fakes, visualize the origin zone, and keep risk management systematic.

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How to use (quick start)

1. **Add to chart.** Works on regular or Heikin Ashi; the script uses “real” OHLC internally for entries/exits.
2. **Set Lookback (`length`).**

* Intraday: start at **150** (range: 100–200).
* Swing: start at **200** (range: 150–300).
3. **Choose Threshold Mode & Value.**

* *Percent* (default): common range **0.3–0.8%**.
* *Points*: handy for futures/indices if you think in points.
This defines how far from the pivot a candle must be before it’s even eligible to signal.
4. **Turn on the Breakout Buffer.**

* Keep **Require Breakout Close Beyond Pivot** ON.
* **ATR** buffer with **0.25–0.50** is a strong baseline; increase on choppy symbols.
* For slower charts or FX, try **Percent** (e.g., 0.10–0.25).
5. **Enable Zones (optional).**

* **Wick** zones are broader (more forgiving); **Body** zones are tighter (surgical).
* Use **Delete Zone When Broken** to auto-clean the chart.
* **Use Wick for Zone Break** if you want stricter invalidation (wick penetration kills the zone).
6. **Configure the Trailing Stop (TSL).**

* **ATR 14**, **2.0×** (Long/Short) is a classic start.
* Turn on **Auto Break-even after +1R** to protect gains on momentum pushes.
7. **Trade the signals.**

* **Green triangle** below bar = *Buy*.
* **Red triangle** above bar = *Sell*.
* If **Show BLOCKED** is enabled, “X” markers show signals that were suppressed only because a TSL trade is already active (to prevent stacking).
* **TSL line** (lime for long, red for short) shows your trailing stop; touching it exits (optional exit label shows PnL).

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Inputs (plain-English guide)

Pivot Settings

* **Support/Resistance Lookback** — how far back to define pivots. Larger = fewer but stronger pivots.
* **Track Price** — keeps pivot plots tracking live price.

Signal Settings

* **Threshold Mode / Value** — minimum distance from pivot before a bar can even qualify.
* **Show BLOCKED markers** — visualizes otherwise-valid signals blocked by an active TSL position.
* **Signal Label Size** — shape size for the triangles.

External Filters (optional)

* **Use External Enhancers** — require pivot to be Above/Below a custom series (e.g., MA, HTF close).
Useful if you want signals only in the higher-timeframe trend.

Breakout Buffer (the key filter)

* **Require Breakout Close Beyond Pivot** — ON to reduce false breaks.
* **Buffer Mode** — ATR / Percent / Ticks.
* **Buffer Amount** — the distance that close must exceed the pivot.

Signal Zones

* **Create Zone After Signal** — draw a box from the **previous candle** (wick/body).
* **Opacity / Extend Right** — cosmetic and readability controls.
* **Delete Zone When Broken** — auto-remove once invalid.
* **Use Wick for Zone Break** — stricter (wick) vs. lenient (close) break logic.
* **Max Zones to Keep** — cap to avoid chart bloat during long replays.

Trailing Stop

* **Mode** — ATR / Percent / Points.
* **ATR Length / Multipliers** — classic 14 / 2.0× each side.
* **Percent / Points Trail** — alternatives to ATR.
* **Auto Break-even after +1R** — locks stop to entry once move equals the trail distance.
* **Show TSL Lines / Exit Labels / Risk Label at Start** — visibility + readouts.
* **PnL Display** — Currency / Points / Ticks.
* **Label styling & persistence** — pick sizes/colors and whether risk labels persist after exit.

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Suggested presets

**Intraday baseline (indices, liquid stocks)**

* Lookback: **150**
* Threshold: **0.5%** (or 1.0 point on ES/points mode)
* Breakout Buffer: **ATR**, **0.35**
* TSL: ATR **14**, **2.0×** (both sides), Break-even **ON**
* Zones: **Wick**, Delete on Break **ON**, Wick-Break **OFF**

**Swing baseline (daily/4H)**

* Lookback: **200**
* Threshold: **0.5–0.8%**
* Breakout Buffer: **ATR**, **0.25–0.35**
* TSL: ATR **14**, **2.0×**, Break-even **ON**
* Zones: **Body** for cleaner structure, Delete on Break **ON**

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Reading the chart

* **Triangles**: entries (green = buy, red = sell).
* **TSL lines**: dynamic stops (lime/red).
* **Exit labels**: optional PnL marker when stop is hit.
* **Zones**: shaded boxes from the *previous candle* that created the signal; auto-extend and optionally auto-delete.

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Alerts included

* **Basic Buy Alert** — on confirmed buy signal.
* **Basic Sell Alert** — on confirmed sell signal.
* **TSL Exit (Long/Short)** — when trailing stop is touched.

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Tips & troubleshooting

* Too many fakeouts?
→ Increase **Breakout Buffer** (e.g., ATR 0.35→0.50) or raise **Lookback**.
* Late entries?
→ Reduce **Threshold** and/or **Breakout Buffer** slightly.
* Want fewer overlapping trades?
→ Keep **TSL gate** ON (default behavior) so new signals are blocked while in a position.
* Zone clutter?
→ Lower **Max Zones to Keep** or enable **Delete Zone When Broken**.

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## Notes & disclaimer

* This is a **research/education** tool. Always forward-test and risk-manage.
* For backtests, consider a **strategy** version that mirrors these entries and TSL exits (I can provide one if you want).

2 days ago

Release Notes

minor adjustment