📊 Multi-Timeframe High/Low Strategy Pro v40.0

📊 Multi-Timeframe High/Low Strategy Pro v40.0 (Mustang Algo)

🎯 OVERVIEW
Advanced trading strategy that identifies and trades breakouts of key support and resistance levels across multiple timeframes. Features intelligent pyramiding, ATR-based risk management, and comprehensive backtesting capabilities. Now upgraded to Pine Script v6 for enhanced performance and compatibility.

✨ KEY FEATURES

📈 Multi-Timeframe Levels:
- Yesterday's High/Low
- Today's High/Low (intraday)
- Last Week's High/Low
- Last Month's High/Low
- Last Year's High/Low

🔥 Advanced Position Management:
- Pyramiding up to 100 simultaneous positions
- Configurable equity allocation per trade (0.1% - 100%)
- Daily trade limiter to control overtrading
- Smart position sizing with percentage-based allocation

🎯 Flexible Entry Signals:
- 10 Long entry options (breakouts above key levels)
- 10 Short entry options (breakdowns below key levels)
- Mix and match any combination of signals
- Real-time alerts for all level breaks

🛡️ Risk Management:
- ATR-based or Percentage-based Stop Loss
- ATR-based or Percentage-based Take Profit
- Time-based exits (exit after X bars)
- Precise price-based exits using limit/stop orders
- Entry price calculation for accurate TP/SL placement

📊 Visual Features:
- Clean, modern design with color-coded levels
- Customizable labels with emojis for easy identification
- ATR bands and histogram visualization
- Real-time position information panel
- Adjustable line lookback period (10-500 bars)

⚙️ HOW TO USE

1️⃣ Enable Strategy:
• Check "▶️ Enable Strategy" in Backtesting Settings
• Optionally set date range filter for testing specific periods

2️⃣ Select Entry Signals:
• Choose which level breaks trigger Long entries (⬆️)
• Choose which level breaks trigger Short entries (⬇️)
• Can combine multiple signals for complex strategies

3️⃣ Configure Exits:
• Enable Take Profit and/or Stop Loss
• Choose between Percentage or ATR-based calculations
• Set percentage values (e.g., 10% TP, 5% SL)
• Optionally enable time-based exit (bars)

4️⃣ Advanced Options:
• Enable Pyramiding for multiple concurrent positions
• Set max number of trades per day (1-1000)
• Adjust position sizing per trade (0.1-100%)

📋 CONFIGURATION PARAMETERS

Visual Settings:
- Toggle individual levels on/off
- Line lookback length (10-500 bars)
- Label size (large/normal/small/tiny)
- Label color customization
- Label positioning offset (0-50)

ATR Settings:
- ATR Period (default: 14, range: 1-200)
- ATR Multiplier (default: 2.0, range: 0.1-10.0)
- Optional ATR bands visualization
- Optional ATR histogram display

Entry Signals:
- 10 Long entry triggers (crossover signals)
- 10 Short entry triggers (crossunder signals)
- Individual activation for each signal

Exit Settings:
Take Profit:
- Enable/Disable TP
- Type: Percent (0.1-100%) or ATR (0.1-20x)
- Percent: 0.1% to 100% gain target
- ATR: 0.1 to 20 ATR multipliers

Stop Loss:
- Enable/Disable SL
- Type: Percent (0.1-100%) or ATR (0.1-20x)
- Percent: 0.1% to 100% loss limit
- ATR: 0.1 to 20 ATR multipliers

Time Exit:
- 0-1000 bars (0 = disabled)

Multi-Trade Settings:
- Enable/Disable Pyramiding
- Max concurrent trades (1-100)
- Equity % per trade (0.1-100%)

Daily Limit:
- Enable/Disable daily trade limit
- Max trades per day (1-1000)

Backtesting:
- Date range filtering
- From/To Year, Month, Day selection

🎨 VISUAL DESIGN
Modern, clean interface featuring:
- Color-coded levels with transparency:
- 📗📕 Yesterday (bright green/red)
- 🟢🔴 Today (cyan/magenta)
- 🔵🟠 Last Week (blue/orange)
- 🟣🔷 Last Month (purple/light blue)
- 🟤🟫 Last Year (brown)
- Different line styles per timeframe
- Compact emoji labels (Y-High, T-Low, W-High, M-Low, Yr-High)
- Dynamic info panel showing active settings
- Semi-transparent fills for ATR zones

⚡ PERFECT FOR
- Breakout trading strategies
- Multi-timeframe analysis
- Systematic algorithmic trading
- Range breakout systems
- Support/Resistance trading
- Scalping with pyramiding
- Day trading with level breaks

📊 BACKTESTING ENGINE
Comprehensive backtesting with:
- Date range filtering for precise periods
- Accurate entry/exit execution
- Multiple position management
- Detailed performance metrics
- Trade-by-trade analysis
- Pyramiding simulation

🔔 ALERTS AVAILABLE
Set custom alerts for:
- Any level breakout (10 different levels)
- Crossover and crossunder events
- All timeframe combinations
- Entry and exit signals
- Position management events

🆕 VERSION 40.0 UPDATES
- Upgraded to Pine Script v6
- Enhanced compatibility and performance
- Improved input system (input.bool, input.int, input.float)
- Updated security function (request.security)
- Fixed ta.barssince calculations
- Optimized strategy.close implementation
- Shorter title for TradingView compliance

⚠️ IMPORTANT TECHNICAL NOTES
- Uses precise limit/stop prices for TP/SL (not ticks)
- Entry price-based calculations (not current close)
- Pyramiding controlled via strategy declaration
- Daily trade counter resets at midnight
- ATR calculated on each bar for consistency
- Works best on intraday timeframes for daily levels
- Time-based exits use global scope calculations

💡 USAGE TIPS
- Start with single signal testing to understand behavior
- Use percentage-based exits for consistent risk/reward ratios
- Enable daily limit to prevent overtrading volatile days
- Combine ATR-based stops with percentage targets
- Test different level combinations for your specific asset
- Lower pyramiding percentage for safer multi-position trading
- Consider market volatility when setting ATR multipliers

📈 STRATEGY LOGIC EXPLANATION
The strategy identifies critical support/resistance levels from multiple timeframes (yesterday, today, week, month, year) and generates trading signals when price breaks through these levels.

**Entry Logic:**
- LONG: Price crosses above selected high/low levels
- SHORT: Price crosses below selected high/low levels

**Exit Logic:**
- Take Profit: Fixed percentage or ATR-based target
- Stop Loss: Fixed percentage or ATR-based stop
- Time Exit: Maximum bars in position

**Position Management:**
- Pyramiding allows building multiple positions
- Daily limiter prevents excessive trading
- Per-trade allocation controls risk per entry

🎓 BEST PRACTICES
1. **Risk Management:** Never risk more than 1-2% per trade
2. **Pyramiding:** Use smaller percentages (0.5-2%) when enabled
3. **Daily Limits:** Set realistic limits based on market volatility
4. **TP/SL Ratio:** Aim for minimum 1:1.5 risk/reward ratio
5. **Backtesting:** Test thoroughly across different market conditions
6. **Timeframes:** Use appropriate timeframes for your trading style
7. **Level Selection:** Choose relevant levels for your asset class

📊 RECOMMENDED SETTINGS

**Conservative (Low Risk):**
- Pyramiding: Disabled
- TP: 5% or 3 ATR
- SL: 2% or 1.5 ATR
- Daily Limit: 3-5 trades
- Signals: Week/Month highs only

**Moderate (Balanced):**
- Pyramiding: Enabled (max 3)
- Per Trade: 2%
- TP: 3% or 2.5 ATR
- SL: 1.5% or 1 ATR
- Daily Limit: 5-10 trades
- Signals: Yesterday + Week levels

**Aggressive (High Risk):**
- Pyramiding: Enabled (max 5)
- Per Trade: 1%
- TP: 2% or 2 ATR
- SL: 1% or 0.75 ATR
- Daily Limit: 10-20 trades
- Signals: All levels enabled

⚠️ RISK DISCLAIMER
This indicator is for educational and informational purposes only. Trading involves substantial risk of loss and is not suitable for every investor. Past performance does not guarantee future results. Always:
- Test thoroughly in paper trading first
- Use proper risk management
- Never risk more than you can afford to lose
- Understand the strategy before live trading
- Consider transaction costs and slippage
- Consult a financial advisor if needed

🔧 TROUBLESHOOTING
- **No trades executing:** Check if "Enable Strategy" is ON
- **Too many trades:** Reduce signals or enable daily limit
- **TP/SL not working:** Verify percentage/ATR settings
- **Pyramiding not working:** Check max trades and % per trade
- **Labels not showing:** Ensure "Show Labels" is enabled

📞 SUPPORT & FEEDBACK
For questions, suggestions, bug reports, or feature requests:
- Comment below this indicator
- Contact the author through TradingView
- Report any issues with specific examples

🌟 FEATURES SUMMARY
✅ Multi-timeframe level detection
✅ Customizable breakout signals
✅ ATR and percentage-based exits
✅ Advanced pyramiding system
✅ Daily trade limiting
✅ Time-based exits
✅ Modern visual design
✅ Comprehensive backtesting
✅ Real-time alerts
✅ Pine Script v6 compatible

📚 VERSION HISTORY
- v40.0 - Pine Script v6 upgrade + bug fixes
- v39.3 - Fixed TP/SL with limit/stop prices
- v39.2 - Entry price-based calculations
- v39.1 - Fixed daily trade counter
- v39.0 - Pyramiding + daily limiter
- v38.0 - Multi-trade capability (100 positions)
- v37.0 - ATR-based exits
- v36.0 - Backtesting integration
- v35.0 - Added yearly levels

🚀 GET STARTED
1. Add indicator to your chart
2. Open settings panel
3. Enable "▶️ Enable Strategy"
4. Select your preferred entry signals
5. Configure TP/SL settings
6. Run backtest on historical data
7. Optimize parameters for your asset
8. Set up alerts for live trading

Happy Trading! 🎯💰📈

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Built with precision. Tested with care. Trade with confidence.