Intraday Trading Strategy With Breakout Filter

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Intraday Trading Strategy With Breakout Filter Overview:

This strategy is the combination of two scripts:

1. Intraday Trading Script : It exclusively for M1 and M15 timeframes.

2. Breakout Filter Script: It works at all timeframes.

Note: Please read the explanation details about the script respectively.

EMA lines help to understand market sentiment and identify potential support or resistance levels.

MACD indicator is added to help confirm potential entry points based on momentum.


Setup:

Use TradingView's multi-chart layout feature, setting a minimum of two charts per layout (M1 and M15). Three charts (M1, M15, and DTF) are preferable.
Add the Intraday Trading Script and Breakout Filter scripts to the layout.

Note:
In this example, the lowest timeframe to publish the trading idea publicly is M15. Therefore two chart in the layout is chosen for M15 and DTF. The optimum setup is M1, M15 and DTF.

During Market Hours:

Check the TOP GAINERS list for active counters.

In TradingView:

1. Verify if the price has already broken the SnR line on the M15 chart.

2. The Breakout Filter must also appear, with a minimum of Filter 2. If Filter 3 appears at M1, M15, or DTF, it shows even stronger upward momentum.

3. If these two are valid, long entry can be considered. TAYOR.

EMA 9 can represent a strong support at M15.

Intraday trading requires high discipline. Follow the planned Risk to Reward ratio for entry/exit.

TAYOR.

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Giao dịch đang hoạt động

Today new SnR has been broken up. ANNJOO also can be seen in the TOP GAINER LIST.

TAYOR