Multi-Timeframe Index Strategy with Pullbacks and Opening-Range Breakouts

Summary

This intraday strategy combines a weighted monthly, weekly, and daily EMA bias with execution filters and two entry styles. Pullback entries require price to reclaim or reject the intraday EMA while staying on the corresponding side of VWAP. Opening-range entries require a close beyond the range high or low after the range period. Both setups are limited to a New York morning session and require ATR to exceed its moving average.

The script plots prior-day highs and lows and uses ATR-based stop placement, with partial profit-taking at an initial target and a remaining target based on a configurable reward-to-risk multiple. The accompanying description frames the strategy for index products and gives its session and input settings, but the supplied material reports no test results, instrument-specific evaluation, or trading costs. The probability-style bias score is a transformed weighted direction measure, not evidence of a calibrated probability of success.

Key ideas

• Monthly, weekly, and daily EMA direction contribute different weights to a combined bias score.
• Intraday entries use either EMA pullbacks relative to VWAP or breaks of the opening range.
• Trades are restricted to a defined New York session and periods of ATR expansion.
• Stops are placed one ATR beyond the entry bar’s low or high, with staged profit targets.
• The score is a directional indicator and is not shown to be a calibrated probability.

Tags

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