Strategy Overview: BIST Technical Dip Finder by ozerh07

By ozerh07

Performance Metrics

Description

Here is the English documentation and explanation for your Trading Strategy. This is designed to help you understand the logic behind the "EMA 34, Fibonacci, and SMA 200" robot.📈 Strategy Overview: BIST Technical Dip FinderThis strategy is a Trend-Following Mean Reversion system. It aims to identify high-probability "buy the dip" opportunities within a long-term bull market. It specifically targets the Istanbul Stock Exchange (BIST) environment where stocks often pull back to major moving averages before resuming their uptrend.1. The Three Pillars of the StrategyA. The Golden Filter: 200-Day SMALogic: The 200-day Simple Moving Average (SMA) is the "line in the sand" for institutional investors.Condition: The strategy only enters a Long position if the price is above the SMA 200. This ensures we are not "catching a falling knife" in a permanent downtrend (Bear Market).B. The Entry Zone: EMA 34 & Fibonacci 0.618EMA 34: Acts as a dynamic support level for medium-term trends.Fibonacci (0.618): Known as the "Golden Ratio." Most healthy corrections in the stock market tend to bounce near this level.Condition: The price must touch or come within 0.1% of either the EMA 34 or the 0.618 Fib level to trigger an entry.C. Momentum Confirmation: Dual-Timeframe RSIDaily RSI (<= 35): Confirms that the stock is oversold on a daily basis (Technical Dip).Weekly RSI (<= 45): Confirms that the larger trend has cooled down and is ripe for a reversal.Logic: By using two timeframes, we filter out "fake dips" that might continue to crash.2. Risk ManagementTake Profit (TP): Set at 5% by default. It captures the quick "relief bounce" from the dip.Stop Loss (SL): Set at 2.5% by default. This provides a 1:2 Risk-to-Reward ratio, which is mathematically sustainable for long-term growth.3. How to Use the Code in TradingViewOpen TradingView and go to the Pine Editor at the bottom.Paste the provided V6 code.Click Add to Chart.Open the Strategy Tester tab to see historical performance (Backtest) for specific BIST stocks like THYAO, EREGL, or ASELS.4. Technical Summary for ProfessionalsScript Version: Pine Script v6 (Latest).Execution: Global Scope Execution for strategy.exit to prevent order hanging.Data Fetching: Uses request.security for Weekly RSI data without repainting issues.Visuals: Includes a Grey background warning when the price drops below the SMA 200 (Dangerous Zone).Would you like me to translate the "Settings" menu (Inputs) into English as well, or should we keep them in Turkish for your ease of use?

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