HV Spike Strategy (HVP + OR Breakout + Reversal + TP/SL Modes)

Here is a script that I tried to make it simple, although it has several parameters, I will try to explain, here we go:

Logic: Open Range Breakout: otherwise knows as First Candle Rule, usually used for the first candle in the opening of a market session, in my strategy there is an option to use it even for Crypto that operate 24/7, how to do that? Simply by detecting Volatility from the HVP (Historical Volatility Percentile). Then the ORB logic kicks in and the first candle with high volatility gives the ranges for the trades. The proper HVP Activation Threshold has to be selected for each currency pair/index/crypto in order to have maximum profit.

Enter a trade: when the price goes 100% above/below the First Candle Rule Range. That way it is filtering fake breakouts. Also if the price reverses back into the range the strategy takes the opposite trade.

Exit a trade: SL/TP By percentage or ATR, selection in the input menu.

My intention is to avoid using lagging indicators or guessing of Price Action, purely Bull/Bear indication by the first candle.

I hope you find this helpful! Wishing all successful Trades!