OPEN-SOURCE SCRIPT

Momentum Permission + Pivot Entry + Exit (v1.4 FULL)

32
//version=5
indicator("Momentum Permission + Pivot Entry + Exit (v1.4 FULL)", overlay=true)

// ──────────────────────────────────────────────
// Inputs
// ──────────────────────────────────────────────
smaLength = input.int(50, "SMA Length")
relVolThresh = input.float(1.3, "Relative Volume Threshold")
pivotLookback = input.int(3, "Pivot Lookback Bars")

// ──────────────────────────────────────────────
// Core Calculations
// ──────────────────────────────────────────────
sma50 = ta.sma(close, smaLength)
vwap = ta.vwap(close)
relVol = volume / ta.sma(volume, 10)

aboveSMA = close > sma50
aboveVWAP = close > vwap
relStrong = relVol > relVolThresh
greenCandle = close > open

crossUp = ta.crossover(close, sma50)

// ──────────────────────────────────────────────
// One-Time Daily Permission
// ──────────────────────────────────────────────
var bool permission = false

if ta.change(time("D"))
permission := false

permitSignal = crossUp and aboveVWAP and relStrong and not permission

if permitSignal
permission := true

// ──────────────────────────────────────────────
// Entry: Pivot Break Continuation
// ──────────────────────────────────────────────
pivotHighBreak = close > ta.highest(high[1], pivotLookback)

entrySignal = (
permission and
aboveSMA and
aboveVWAP and
relStrong and
greenCandle and
pivotHighBreak
)

// ──────────────────────────────────────────────
// Exit: Trend Exhaustion / VWAP Breakdown
// ──────────────────────────────────────────────
smaChange = sma50 - sma50[1]

exitSignal = (
permission and
close < vwap and
close < open and
relStrong and
smaChange < 0
)

// ──────────────────────────────────────────────
// VISUAL PLOTS (same as before)
// ──────────────────────────────────────────────
plot(sma50, title="SMA50", color=color.orange, linewidth=2)
plot(vwap, title="VWAP", color=color.new(color.blue, 0), linewidth=2)

plotshape(
permitSignal,
title="Trend Permission",
style=shape.triangleup,
location=location.belowbar,
color=color.new(color.green, 0),
size=size.large,
text="PERMIT"
)

plotshape(
entrySignal,
title="Entry Trigger",
style=shape.triangleup,
location=location.abovebar,
color=color.new(color.aqua, 0),
size=size.normal,
text="ENTRY"
)

plotshape(
exitSignal,
title="Exit Signal",
style=shape.triangledown,
location=location.abovebar,
color=color.new(color.red, 0),
size=size.large,
text="EXIT"
)

// ──────────────────────────────────────────────
// SCREENER OUTPUT (persistent 0/1 for the day)
// ──────────────────────────────────────────────
var bool permitToday = false
var bool entryToday = false
var bool exitToday = false

if ta.change(time("D"))
permitToday := false
entryToday := false
exitToday := false

if permitSignal
permitToday := true
if entrySignal
entryToday := true
if exitSignal
exitToday := true

// Hidden plots for screener columns
plot(permitToday ? 1 : 0, title="PERMIT", display=display.none)
plot(entryToday ? 1 : 0, title="ENTRY", display=display.none)
plot(exitToday ? 1 : 0, title="EXIT", display=display.none)

// Alerts
alertcondition(permitSignal, title="PERMIT", message="Momentum PERMISSION fired")
alertcondition(entrySignal, title="ENTRY", message="Momentum ENTRY fired")
alertcondition(exitSignal, title="EXIT", message="Momentum EXIT fired")

כתב ויתור

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