PROTECTED SOURCE SCRIPT
Sweep/Reclaim & Breakout Grading — Long-only
Strategy Overview
Name: LP Sweep & Reclaim — Long-only: Breakout Grading with Position-in-Score + Hybrid SL + 1R→BE
Signals
1) LP Sweep & Reclaim (mean-reversion entry)
2) Trend Breakout (momentum entry)
Risk & Exit Logic
Hybrid Stop-Loss (at entry)
Compute two candidates:
Structure-based SL: reference level (LP low for sweeps, min(low, donchianHigh) for breakouts) minus k × ATR.
ATR-based SL: close − m × ATR.
Hybrid rule (longs): pick the tighter one (the higher price) → initial SL.
1R → Breakeven (BE) transition
Trend Take-Profit (EMA cross)
Exit condition: after at least minHoldBars since entry (default 4), close crosses below the chosen EMA → strategy.close.
Name: LP Sweep & Reclaim — Long-only: Breakout Grading with Position-in-Score + Hybrid SL + 1R→BE
Signals
1) LP Sweep & Reclaim (mean-reversion entry)
2) Trend Breakout (momentum entry)
Risk & Exit Logic
Hybrid Stop-Loss (at entry)
Compute two candidates:
Structure-based SL: reference level (LP low for sweeps, min(low, donchianHigh) for breakouts) minus k × ATR.
ATR-based SL: close − m × ATR.
Hybrid rule (longs): pick the tighter one (the higher price) → initial SL.
1R → Breakeven (BE) transition
Trend Take-Profit (EMA cross)
Exit condition: after at least minHoldBars since entry (default 4), close crosses below the chosen EMA → strategy.close.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.