OOTM Strategy (Pine Script v6) — Session Sweeps & Breakouts + RR Projection

A feature-rich TradingView strategy script written in Pine Script v6 that detects and projects high-probability trades based on session high/low levels.

The repository contains two script variants:

• EOM Script.pine: Configured with an initial capital of $100 (ideal for small account sizing or testing).
• EOM Strategy.pine: Configured with an initial capital of $3,000.

Both scripts share identical trading logic, indicators, filtering mechanisms, and visual components.

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Key Features

• 🕒 Session Tracking: Monitored Sessions: Asia / London / New York (customizable, default Vienna/UTC+2 time). Displays session highs and lows with persistent, non-stacking dashed lines.
• 🔄 Two Signal Modes:
  • Sweeps Mode (Default): Detects when price trades beyond a finalized session level (wick break) but closes back inside.
  • Breakouts Mode: Detects when a candle close crosses completely out of a finalized session level.
• 📈 Multi-Timeframe RSI Signals: Plots standalone Multi-Timeframe (MTF) RSI BUY/SELL signals on the chart based on custom oversold (default 20) and overbought (default 70) thresholds.
• 🛡️ Trend & Momentum Filters:
  • Trend filter (optional, default ON): Restricts trades to the direction of the EMA 200.
  • MA22 filter (optional, default OFF): Restricts trades based on the relation to the MA 22 (configurable as EMA or SMA).
• ⚖️ Dynamic ATR Buffer Multiplier: Automatically detects currency pairs and scales ATR buffer multipliers for high-volatility pairs:
  • GBPJPY: Scales buffer multiplier by 1.5x
  • GBP pairs: Scales buffer multiplier by 1.2x
  • JPY pairs: Scales buffer multiplier by 1.3x
  • Other pairs: Uses the user-defined ATR buffer multiplier
• 📐 Trade Projections: Draws interactive Risk-to-Reward (RR) boxes or entry/SL/TP lines dynamically for the latest trade idea.
• 🤖 Backtesting & Alert Automation: Flat-only backtesting engine with configurable daily trade limits (default max 2 per day) and structured JSON Alerts for webhook/automation bridges.
• 📊 Real-time Stats Table: Displays a customizable HUD containing overall wins, losses, break-evens, win rates, and daily trade metrics.

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Technical Details

Session Settings

By default, the script tracks:

• Asia: 0200-0800
• London: 0900-1200
• New York: 1530-1900

Session lines update dynamically as the session develops. At the end of the Asia and London sessions, levels are finalized (aH_final / aL_final and lH_final / lL_final) to act as potential sweep or breakout areas:

• Asia level trades: Allowed during London or New York sessions.
• London level trades: Allowed during New York session only.

Strategy Rules

1. Sweeps Mode (Default)

• Long Entry: Price wicks below the finalized Asia/London session low and closes back above it.
• Short Entry: Price wicks above the finalized Asia/London session high and closes back below it.

2. Breakouts Mode

• Long Entry: Price closes above the finalized Asia/London session high.
• Short Entry: Price closes below the finalized Asia/London session low.

Risk Model

For each trade, the Stop Loss (SL) and Take Profit (TP) levels are derived dynamically:

• ATR Calculation: Uses a standard ATR length (default 14).
• Modern Buffer: ATR * ATR Buffer Multiplier (scaled automatically for GBP/JPY pairs).
• Long SL: Swept/Breakout Level - Buffer
• Short SL: Swept/Breakout Level + Buffer
• TP (Take Profit): Calculated using the user-defined Risk-to-Reward Ratio (RR) (default 3.0).

Filters

• Trend Filter: Longs allowed only when close > EMA 200. Shorts allowed only when close < EMA 200.
• MA22 Filter: Longs allowed only when close > MA 22. Shorts allowed only when close < MA 22.
• Timeframe Filter: Option to restrict signals strictly to the 15m timeframe (tf15mOnly).

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Strategy Alerts (JSON Output)

The script triggers alerts on bar close with the following format:

Long Alert Schema:

{
  "type": "signal",
  "side": "LONG",
  "symbol": "EURUSD",
  "tf": "15",
  "entry": "1.08500",
  "sl": "1.08200",
  "tp": "1.09400",
  "rr": "3.0",
  "ts": "1718367000000"
}

Short Alert Schema:

{
  "type": "signal",
  "side": "SHORT",
  "symbol": "EURUSD",
  "tf": "15",
  "entry": "1.08500",
  "sl": "1.08800",
  "tp": "1.07600",
  "rr": "3.0",
  "ts": "1718367000000"
}

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Backtest Constraints

• Flat-Only Execution: The script operates flat-to-flat. No pyramiding or position building is permitted (strategy.position_size == 0 check).
• Daily Limits: Rejects trades once the daily count reaches the user-specified maximum (e.g., 2 trades per day). Reset occurs daily at Vienna midnight.