Caldera Meridian Strategy [JOAT] by officialjackofalltrades

By officialjackofalltrades

Performance Metrics

Description

Caldera Meridian Strategy [JOAT]IntroductionCaldera Meridian Strategy is an open-source Pine Script v6 strategy that combines trend regime, pressure, structure, auction location, and transition probability into a single rules-based execution model. The strategy is designed to be transparent: each decision component is calculated directly inside the script, and entries are processed on confirmed bars.This strategy is not intended to prove future profitability. It is a research framework for studying how multiple market-context filters interact with ATR-based risk and staged exits.Core Concepts1. Regime FilterThe strategy uses fast, mid, and slow EMAs to classify bullish, bearish, or neutral trend conditions. A confirmed higher-timeframe EMA can also be used as a directional filter.Pine Script®trendBull = fast > mid and mid > slow and close > midtrendBear = fast < mid and mid < slow and close < mid2. Transition ProbabilityA simple rolling transition model estimates whether the current regime has recently persisted. This is used as a filter rather than a prediction.3. Pressure and Auction LocationThe strategy estimates bid/ask pressure from candle body position, range, and volume. It also tracks VWAP-style weighted price and value deviation bands to avoid entries in poor auction locations.4. Structure ConfirmationConfirmed pivots are used to detect delayed structure breaks, sweeps, and displacement events. Pivot confirmation is non-repainting but naturally delayed.5. ATR-Based Risk ManagementEntries use ATR or structure-based stops. Exits are staged across TP1, TP2, and TP3 using configurable R multiples.FeaturesRules-based long and short logic: Combines trend, pressure, structure, auction, and probability filtersConfirmed-bar execution: Entry and risk-off logic uses closed-bar conditionsATR and structure stops: Stops use volatility and recent structure referencesThree staged exits: TP1, TP2, and TP3 use configurable R multiples and quantity percentagesRealistic default costs: Commission is set to 0.05% and slippage to 1 tick in the strategy declarationDashboard: Shows position state, scores, regime, continuation, pressure, auction, and risk-off statusDefault Strategy PropertiesInitial capital: 100,000Commission: 0.05 percentSlippage: 1 tickPyramiding: 0Orders processed on closeHow to Use This StrategyStep 1: Use a clean chartFor publication and testing, use a standard chart type and avoid adding unrelated scripts to the chart.Step 2: Review the dashboardThe dashboard explains why the strategy is flat, long, short, or in a risk-off state.Step 3: Evaluate across marketsDo not judge a strategy from a small sample. Test across multiple symbols, timeframes, and market regimes.Strategy LimitationsBacktest results do not imply future resultsPivot-based structure is confirmed only after the pivot length has passedCosts and slippage may differ from live trading conditionsThe model can underperform in choppy markets where filters repeatedly conflictThe strategy is a research framework and not a complete trading planOriginality StatementCaldera Meridian Strategy integrates multiple independent modules rather than relying on a single crossover or oscillator. Its usefulness comes from studying how regime, structure, pressure, auction location, and transition persistence interact before a trade is allowed.DisclaimerThis strategy is provided for educational and informational purposes only. It is not financial advice. Trading involves risk of loss. Backtests are historical simulations and do not predict future performance. Always use proper risk management.-Made with passion by jackofalltrades

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