This strategy combines volume surge detection, Fibonacci retracements, moving averages, and ATR volatility for trade execution. Long positions trigger when price exceeds the 0.618 Fibonacci level, price stays above a 200-period SMA, a fast EMA crosses above a
Strategy · Pine Script v6 · On the chart
Lakshmi Strategy v2
The Lakshmi Strategy v2 automatically computes daily price zones from previous candle bodies using body width and wick factors then overlays them on the chart.
GitHub stars2on the repository
Pine versionv6current
Lines of code353
Settings9inputs
LicenceNone stated
Last update6 months ago13 Apr 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Lakshmi Strategy v2 generates long signals when VPA close positions confirm at zone levels with fallback stop losses based on risk-reward ratios. Optional partial exits lock 50 percent profit at 2:1 reward-risk while riding the rest to the zone target. An EMA 50 trend filter restricts entries to longs only and cooldown periods plus daily trade limits prevent overtrading. The strategy uses percentage-of-equity position sizing for backtesting.
- daily zone auto-computation
- VPA signal confirmation
- EMA 50 trend filter
- partial exits at 2:1
- trade cooldown and limits
Details
Published by
voletiramu on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Trend, Support & resistance, Volume
Markets
Crypto
Timeframes
M15-H1
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Body Width Factor | float | 0.5 | i_body_mult |
| Min Wick % for Zone | float | 25 | i_wick_min |
| Zone Tolerance $ | float | 100 | i_zone_tol |
| Reward:Risk (fallback) | float | 4.0 | i_rr |
| Partial Exit 50% at 2:1 | bool | true | i_partial |
| Cooldown Bars | int | 10 | i_cooldown |
| Max Trades/Day | int | 3 | i_max_daily |
| Trend Filter (EMA 50) | bool | true | i_trend |
| Long Only (BTC bias) | bool | true | i_long_only |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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