NAS100 Continuation + Reversion: TradingView Indicator + Strategy FULL PINECODE
Trade the New York open on the Nasdaq with a clean, rules based system. The pre open price sets a fair value line. Continuation trades the opening push away from it, reversion trades the move back. Two trades, one line.
Full editable Pine Script source for both tools: an indicator to trade by eye, and an automated strategy to backtest and run on a prop account. Nothing locked or invite only.
Backtested on NAS100, last 365 days, 100K account:
- Net profit: +$51,893 (+51.89%)
- Profit factor: 1.94
- Win rate: 56.69% (178 of 314)
- Max drawdown: $3,207 (2.38%), inside a typical prop limit
- Continuation and reversion off the pre open fair line
- Open candle bias filter
- Wick based or rolling break of structure
- Session and time window controls
- Adjustable stop, target and management
- One reversion per session and cooldown options
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