Linda Bradford Raschke V-Spike Reversal Location Filtered — Strategy by uzair2join
By uzair2join
Performance Metrics
- Author: uzair2join
- Symbol: ICMARKETS:XAUUSD
- Timeframe: 4 hours
- Net P&L: +689.95 USD (+0.69%)
- Win Rate: 37.8%
- Profit Factor: 1.213
- Max Drawdown: 301.54 USD (0.30%)
- Total Trades: 407
Description
Linda Bradford Raschke V-Spike Reversal Location Filtered:This strategy implements a structured intraday spike-reversal model using objective volatility and location filters.The logic is based on identifying exhaustion moves that occur when price expands beyond the previous day’s high or low and then shows strong rejection within the same bar.Core Components:• Previous Day High / Previous Day Low as structural pivot levels• ATR-based range expansion filter• Rejection wick percentage requirement• Fixed risk/reward exits (no trailing stops)• Non-repainting logic (daily levels requested via higher timeframe security call)The strategy attempts to detect potential climax bars where price briefly breaks prior session extremes and then closes back inside with meaningful rejection.This script is designed for research and educational purposes. Performance will vary across instruments and timeframes. Users should forward-test and adapt risk parameters to their own trading plan.