Timed Fair-Price Zones with Break-of-Structure Reversal Entries

Summary

This strategy defines a fair-price zone from the open-close body of selected time-of-day anchor candles. After price moves beyond the zone, it waits for a break of the latest three-candle wick swing structure back toward the zone. A bearish break can trigger a short only while price is above the zone; a bullish break can trigger a long only while price is below it. The zone’s top or bottom serves as the target, while a fixed point distance from entry sets the stop. Positions are closed when a new anchor is recorded.

The script allows users to enable or disable the listed anchors, configure the time zone and stop distance, and display the zone and signals. The accompanying description reports a recent backtest win rate, but does not provide enough detail to assess the test period, sample size, costs, or robustness. The strategy’s behavior depends on chart timeframe, session timestamps, swing detection, and execution assumptions, so the reported figure alone does not establish an edge.

Key ideas

• The fair-price zone is the body of a selected time-of-day anchor candle.
• The strategy waits for price to move beyond the zone before looking for a break of recent swing structure back toward it.
• Shorts require price above the zone and a bearish break; longs require price below it and a bullish break.
• The opposite edge of the zone is the profit target, and a fixed point distance defines the stop.
• The reported backtest win rate lacks enough methodological detail to establish robustness or profitability.

Tags

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