xPineScript/xStrategies/XST_SR15M/Docs/XST_SR15M.md

Support and Resistance Scalping (XTS_SR15M)

Setup

• TF: 15m
• Asset: AAPL
• R2R: 1:1.5
• Indicators:
  • Leledc Levels (IS) InSillico:
    • Change Exhaustion bar count to 42;
    • Change Line Tickness to 7;
    • Hide Support Level line;
    • Hide Resistance Level linel;
  • ATR Stop Loss garethyeo:
    • Change Source to low;
• Oscillators:
  • Kurutoga Histogram (D7R):
    • Hide Kurutuga Lead 4x;

Descriptions

since Kurutoga Histogram doesn't provides it's source code, i try to implement Cycle Channel Oscillator, instead of it.

after i try to do back testing usage of CCH and KUH, i found this rules:

• kurutuga histogram green color, means both red and green line in Cycle Channel must be above than 0.5 (Middle) line and green line above than red line.
• kurutuga histogram red color, means both red and green line in Cycle Channel must be below than 0.5 (Middle) line and red line below than green line.

so we have to implement cycle channel oscillator and it's verifications on signals ...

Using the Strategy

Long/Buy Conditions

• Leledc Level gives Support Signal (green to up side triangle);
• kurutuga histogram is red color;
• market forms a bullish candle;

Long SL

place sl at low of ATR Stop Loss Purple(red) Line.

Long TP

calculate based on R2R;

Short/Sell Conditions

• Leledc Level gives Resistance Signal (red to down side triangle);
• kurutuga histogram is green color;
• market forms a bearish candle;

Short SL

place sl at high of ATR Stop Loss Green Line.

Short TP

calculate based on R2R;

Signals Overlap

how to handle signals overlaps.