Quantellics: NQ Reverse From EMA [Strategy]

//version=5
// © 2025 Quantellics. All rights reserved.
strategy("Quantellics: NQ Reverse From EMA [Strategy]", overlay = true, default_qty_type = strategy.percent_of_equity, default_qty_value = 100, pyramiding = 0)

// Inputs
emaLen = input.int(60, "EMA Length", minval = 1)
rsiLen = input.int(14, "RSI Length", minval = 1)
lb = input.int(10, "Lookback Candles", minval = 1)

entryOff = input.float(75.0, "Entry Offset ($)", minval = 0, step = 1)
slDollar = input.float(50.0, "Stop Loss ($)", minval = 0, step = 1)
tpDollar = input.float(50.0, "Take Profit ($)", minval = 0, step = 1)
trailAct = input.float(30.0, "Trail Activation ($)", minval = 0, step = 1)
trailOff = input.float(30.0, "Trail Offset ($)", minval = 0, step = 1)
trailDelay = input.int(2, "Trail Delay (Candles)", minval = 0, step = 1)

ssH = input.int(9, "Session Start Hour (ET)", minval = 0, maxval = 23)
ssM = input.int(30, "Session Start Minute (ET)", minval = 0, maxval = 59)
seH = input.int(12, "Session End Hour (ET)", minval = 0, maxval = 23)
seM = input.int(0, "Session End Minute (ET)", minval = 0, maxval = 59)

// Session calc
int h = hour(time, "America/New_York")
int m = minute(time, "America/New_York")
sStart = ssH * 60 + ssM
sEnd = seH * 60 + seM
nowMin = h * 60 + m

inSess = nowMin >= sStart and nowMin < sEnd
eos = nowMin >= sEnd

// Indicators
ema60 = ta.ema(close, emaLen)
rsi = ta.rsi(close, rsiLen)
hiN = ta.highest(high, lb)
loN = ta.lowest(low, lb)

// Levels
longLvl = hiN - entryOff
shortLvl = loN + entryOff

// Conditions
longOk = high[1] > ema60[1] and rsi[1] > 50 and strategy.position_size == 0 and inSess and not eos
shortOk = low[1] < ema60[1] and rsi[1] < 50 and strategy.position_size == 0 and inSess and not eos

// State
var float ePrice = na
var float slLvl = na
var float tpLvl = na
var int bars = 0

if strategy.position_size != 0
bars += 1
else
bars := 0

// Orders
if longOk
strategy.entry("Long", strategy.long, limit = longLvl)
else
strategy.cancel("Long")

if shortOk
strategy.entry("Short", strategy.short, limit = shortLvl)
else
strategy.cancel("Short")

if strategy.position_size > 0
if bars > trailDelay
strategy.exit("Long Exit", "Long", stop = strategy.position_avg_price - slDollar, limit = strategy.position_avg_price + tpDollar, trail_points = trailAct, trail_offset = trailOff)
else
strategy.exit("Long Exit", "Long", stop = strategy.position_avg_price - slDollar, limit = strategy.position_avg_price + tpDollar)

if strategy.position_size < 0
if bars > trailDelay
strategy.exit("Short Exit", "Short", stop = strategy.position_avg_price + slDollar, limit = strategy.position_avg_price - tpDollar, trail_points = trailAct, trail_offset = trailOff)
else
strategy.exit("Short Exit", "Short", stop = strategy.position_avg_price + slDollar, limit = strategy.position_avg_price - tpDollar)

// EOS flat
if eos and strategy.position_size != 0
strategy.close_all(comment = "EOS Exit")
if eos
strategy.cancel_all()

// Tracking
if strategy.position_size > 0 and strategy.position_size[1] <= 0
ePrice := strategy.position_avg_price
slLvl := ePrice - slDollar
tpLvl := ePrice + tpDollar
if strategy.position_size < 0 and strategy.position_size[1] >= 0
ePrice := strategy.position_avg_price
slLvl := ePrice + slDollar
tpLvl := ePrice - tpDollar

// Plots
plot(ema60, color = color.blue, title = "EMA 60", linewidth = 2)
plot(hiN, color = color.new(color.green, 50), title = "Lookback High", linewidth = 1, style = plot.style_stepline)
plot(loN, color = color.new(color.red, 50), title = "Lookback Low", linewidth = 1, style = plot.style_stepline)
plot(longLvl, color = color.new(color.orange, 30), title = "Long Entry", linewidth = 2)
plot(shortLvl, color = color.new(color.purple, 30), title = "Short Entry", linewidth = 2)