BOS Entries with SMA Filters and Configurable Risk Controls

Summary

This Pine strategy combines market-structure breaks and changes of character with configurable entry filters. Its visible inputs allow traders to choose long, short, or both directions; require BOS or CHoCH signals; and apply a strong-candle test. Pivot lookback can be adjusted for chart timeframe, while the listed SMA settings support slope and alignment filters. The title also names MACD and VWAP, though the supplied excerpt does not show how those indicators affect entries.

Risk controls include stop placement at a previous swing, the entry candle, or a percentage distance, with optional buffers. Take-profit targets use configurable risk-reward multipliers, and entries can be set to occur intrabar or after candle close. The excerpt describes settings rather than results: it provides no backtest evidence, asset coverage, or performance statistics. Because the source ends partway through the inputs, the complete signal logic and the roles of several named indicators cannot be assessed.

Key ideas

• The strategy is titled around breaks of structure and changes of character, with selectable entry conditions.
• SMA filters can be configured to require different degrees of trend alignment.
• Stop loss placement can use swing levels, the entry candle, or a percentage of price.
• Entries can be triggered during the break candle or delayed until candle close.
• The provided excerpt does not include complete rules or performance results.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.