APIBridge Support and Resistance Levels with Breaks

Strategy Premise

It provides basic Pivot Support and Resistance levels, along with any bull or bear wick. The strategy takes a left/right bar input which we use to calculate a pivot high and low point (if any). Any breakout of a support or resistance level with volume generates a trade signal.


Strategy Logic

Long Entry: When it generate ‘Green B’ signal on chart, send LE

Long Exit: Either it hits when SL or Target. If SL/TGT is not hit and ‘Red B’ signal is generated, send LX and SE

Short Entry: When it genrate ‘Red B’ signal is on chart, send SE

Short Exit: Either when it hit SL or Target. If SL/TGT is not hit and ‘Green B’ is generated, send SX and LE



Support and Resistance Levels with Breaks Parameters for TradingView Charts


1.Left bars: Number of bars to the left hand side of the pivot

2.Right Bars: Number of bars to the right hand side of the pivot

3.Volume Threshold: Threshold value (%) for the Volume Oscillator

4.Backtesting : Use this to backtest the strategy between Starting and Ending Date and time , it can also be used to set trades in future time

5.Alert_Message : Need to copy while creating alert into Message Box

6.Trade Setup : Intraday / Positional (Selecct accordingly)

7.Start Time Stop Time (Session 1) : Intraday / Positional start time and end time of trade for session 1

8.End Session 1 : Define time to exit any existing position taken in session 1 so that exchange charges will not apply

9.Use Second Session : Check this to use second intraday session

10.Start Time Stop Time (Session 2) : Intraday / Positional start time and end time of trade for session 2

11.End Session 1 : Define time to exit any existing position taken in session 2 so that exchange charges will not apply

12.Use Target : check if you want to set required target if not cheque will not applicable

13.Use StopLoss : Cheque if you want to set stop loss if not cheque will not applicable

14.Trailling Stoploss : Cheque if you want to set trailing stop loss if not cheque will not applicable

15.Point Or Percentage For TG SL : Use Points or Percentage as per your choice

16.Target : Set as per the selection of (Point Or Percentage For TG SL)

17.Stop Loss : Set as per the selection of (Point Or Percentage For TG SL)

18.TSL_Type : Select as per your logic in %/ATR/Points

19.TSL_Input : Set in case you select %/Points in TSL_Type

20.ATR Length : Set as per your logic if you select ATR in the field of TSL_Type

21.ATR_Mult : Set as per your logic if you select ATR in the field of TSL_Type

22.Segment : Select segment of your logic EQ/FUTIDX/FUTSTK/OPTIDX/OPTSTK/FUTCUR/FUTCUM (Used in case of option / Futures )

23.Select Expiry Date : Select the expiry date of your trade as per the segment you selected (Used in case of option / Futures )

24.Select Expiry Month : Select the expiry Month of your trade as per the segment you selected (Used in case of option / Futures )

25.Year : Select the expiry Year of your trade as per the segment you selected (Used in case of option / Futures )

26.Quantity : Enter the quantity in which you want to trade (Used in case of option / Futures )

27.Product Type : Select MIS/Normal/ CNC as per your logic (Used in case of option / Futures )

28.Order Type : Select Market/Limit as per your logic (Used in case of option / Futures )

29.Strategy Tag : Enter the value in case you are using webhook / advance template in APIBridgeTM

30.Lotsize : Enter the lotsize as per your lotic and quentity selection (Used in case of option / Futures )

31.STEP (OTM/ATM/ ITM ) : Select OTM(+1)/ATM(0)/ ITM (-1) as per your logic works in case of options only

32.DIFFERENCE_BETWEEN 2 STRIKE : Select difference of 2 strikes you have used in APIBridge symbol setting list, like for Nifty 50 BankNifty 100

33.APIB Port : Set as per provided to you by Algoji in case of webhook / advance templet

The Segment full form is given below
EQ Equity
FUTIDX Future Index
FUTSTK Future Stock
OPTIDX Index Option
OPTSTK Stock Option
FUTCUR Futcur Currency
FUTCUM Future Commodity