Qing LRC + S/R + EMA (Trend Cross Logic) — Strategy by Z8830
By Z8830
Performance Metrics
- Author: Z8830
- Symbol: NASDAQ:TSLA
- Timeframe: 1 day
- Net P&L: −259.96 USD (−26.00%)
- Win Rate: 42.3%
- Profit Factor: 0.405
- Max Drawdown: 329.15 USD (31.29%)
- Total Trades: 26
Description
The Strategy ConceptThe Qing LRC + S/R + EMA strategy is designed to find "Gold Chances" where price is undervalued relative to its current trend. Instead of chasing breakouts, this logic looks for price to touch the lower boundaries of a statistical corridor (LRC) or horizontal support levels, provided the overall trend (LRC Upper vs. EMA 20) remains intact.Key Technical ComponentsLRC vs. EMA 20 Trend Logic: A unique trend filter. When the LRC Upper Channel is above the EMA 20, the market is considered "Bullish." This is visually represented by a dynamic green background fill.Linear Regression Value Zones: The script plots an upper and lower channel based on price standard deviation. It looks for "reversion to the mean" opportunities when price hits the lower red channel.Pivot S/R Confirmation: Automatically identifies and plots significant Pivot Highs (Resistance) and Pivot Lows (Support). Entry signals are strengthened when price hits the Lower LRC Channel and a Support level simultaneously.Trend Weakness Exit: Unlike fixed targets, the script monitors trend health. If the LRC Lower Channel crosses below the EMA 20, it signals a potential trend shift, triggering an early exit to protect capital.How to TradeIdentify the Bias: Ensure the background is Green (LRC Upper > EMA 20), indicating a healthy upward bias.The Entry (Value Zone): Look for a "Long" entry when the price dips to touch either the Red Lower Channel or a marked "S" (Support) label.The Exit (Statistical Extreme): The primary target is the Blue Upper Channel. If the trend weakens (LRC Lower crosses EMA 20), the strategy closes the position to avoid major drawdowns.