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Broker:

Pair:

Timeframe:

BYBIT

BTCUSD.P 

30 Minutes

Previous Day Value Area Setup:
It is said that if the Daily Open is outside the PDVA, the Price Action returns into it and if two 30-Minute-Candles close inside, we have a 70% Chance that the Price will hit the opposite Site of the PDVA.


Example:

Daily Open is below the previous Days Value Area Low -> gives a Long Setup, 1. Target is then previous Days Point of Control, 2. Target is the previous Days Value Area high.
The Opposite is true for a Short Setup.

This Strategy can be used for manual Trading only as there is no built-in Alerts-Function to connect the Strategy to 3 Commas.

Use this Strategy only on 30-Minutes-Timeframes.

MY STRATEGY SETTINGS

DEFINE VALUE AREA

Previous Day Value Area:

RESOLUTION SETTINGS

Volume Capture Time Frame Period

Auto uses minitick data

Manual Resolution

Resolution:

RISK MANAGEMENT: STOP LOSS ATR

Lookback:

Multiplier:

TARGETS

1. Target, Close % of Position:

0.68

1 day

Enabled

Disabled

1

1

14

3.5

50

SETTINGS: PROPERTIES SECTION

Recalculate on bar close: make sure to enable this Option.

This option enables an additional calculation on bar close, allowing market orders to enter on the same tick the order is placed which increases the accuracy of the displayed Backtester Results.

SETTINGS: STYLE SECTION

DOpen

Pd_POC

PdVAH

PdVAL

Shapes

 

Shapes

Stop Loss

Target 1

Target 2

Plots Background

Labels

Tables

Trades on Chart

Signal Labels

Quantity

Daily Open: Costumize Color, Thickness, Line Type

Previous Day Point of Control: Costumize Color, Thickness, Line Type

Previous Day Value Area High: Costumize Color, Thickness, Line Type

Previous Day Value Area Low: Costumize Color, Thickness, Line Type

Costumize Color, Label Type, Label Position

Costumize Color, Label Type, Label Position

Costumize Color, Thickness of the Stop Loss Line

Costumize Color, Thickness of the 1. Target Line

Costumize Color, Thickness of the 2. Target Line

Costumize Color, Opacity of the Background Colors

Enable/Disable

Show or hide the Backtester Display

Show or hide entered Trades

Show or hide Signal Labels of entered Trades

Show or hide the Quantity of entered Trades

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