Triple High Price Volume Breakout Strategy

This strategy judges if price and volume make triple higher highs near market close to predict next day gap opportunities. It aims to capitalize on short-term patterns. Strategy Logic: 1. Check if latest 3 bars make…

Author

ChaoZhang

Complexity

Starter · 40 lines

Parameters

Backtest bar

1h · intraday

Tested on

BTC/USDT · futures

This strategy judges if price and volume make triple higher highs near market close to predict next day gap opportunities. It aims to capitalize on short-term patterns.

Strategy Logic:

Check if latest 3 bars make triple higher highs in price.
Check if latest 3 bars show increasing volume.
Check if latest 3 bars all closed higher than open.
If above conditions met near market close, predict possible gap next day.
Take highly leveraged positions to profit from gap open.

Advantages:

Triple high price/volume improves accuracy.
Trading in critical periods maximizes profit potential.
Fixed profit-taking avoids decision difficulties.

Risks:

Prediction relies simply on candle patterns, prone to reversals and traps.
Extremely high leverage entails huge risk, requiring prudent management.
Unable to limit loss size, potentially large drawdowns.

In summary, this strategy attempts to predict next day moves based on end-of-day patterns, providing high probability leveraged profit opportunities balanced with clear loss risks. But extreme caution remains essential.

/*backtest start: 2023-08-13 00:00:00 end: 2023-09-12 00:00:00 period: 1h basePeriod: 15m exchanges: [{"eid":"Futures_Binance","currency":"BTC_USDT"}] */ // This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/ // © SharemarketRaja //@version=4 //Scanner available strategy("3 Higher High Price & Vol", overlay=true) volma = sma(volume, 20) PriceHH = high > high[1] and high[1] > high[2] VolHH = volume > volume[1] and volume[1] > volume[2] Volma = volume > volma and volume[1] > volma[1] and volume[2] > volma[2] Allgreen = close > open and close[1] > open[1] and close[2] > open[2] PriceLL = low < low[1] and low[1] < low[2] Allred = close < open and close[1] < open[1] and close[2] < open[2] Qty = 100 Buy = (PriceHH == true and VolHH == true and Volma == true and Allgreen == true) and time("15", "1515-1530") Reversal = (PriceLL == true and VolHH == true and Volma == true and Allred == true) and time("15", "1515-1530") plotshape(Buy, style=shape.arrowup, size=size.large, color=color.green, location=location.belowbar) plotshape(Reversal, style=shape.arrowup, size=size.large, color=color.red, location=location.belowbar) strategy.entry(id="L", long=true, when=Buy) strategy.entry(id="R", long=true, when=Reversal) // strategy.exit(id="LE", from_entry="L", profit=Profit, loss=Loss) // strategy.close_all(when=(time("15", "1500-1515")) )

Triple High Price Volume Breakout Strategy

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