MKUMARAN RRMS Strategy

// This Pine Script(TM) code is subject to the terms of the Mozilla Public License 2.0
// (c) mkumaran

//@version=5
strategy("MKUMARAN RRMS Strategy v2.0", overlay=true, default_qty_type=strategy.percent_of_equity, default_qty_value=2)

// === INPUTS ===
capital = input.float(100000, "Capital (Rs)", group="RRMS Settings")
risk_pct = input.float(2.0, "Risk %", minval=0.1, maxval=10.0, group="RRMS Settings") / 100
min_rrr = input.float(3.0, "Min RRR", minval=1.0, group="RRMS Settings")
entry_zone_pct = input.float(2.0, "Entry Zone %", minval=0.1, maxval=10.0, group="RRMS Settings") / 100
sl_buffer_pct = input.float(0.5, "SL Buffer %", minval=0.1, maxval=5.0, group="RRMS Settings") / 100
lookback = input.int(20, "Swing Lookback", minval=5, maxval=100, group="Detection")
enable_short = input.bool(true, "Enable SHORT Signals", group="Direction")

// === WEBHOOK ===
use_webhook = input.bool(true, "Send Webhook Alerts", group="Alerts")

// === SWING DETECTION ===
swing_low = ta.lowest(low, lookback)
swing_high = ta.highest(high, lookback)

ltrp = swing_low
pivot_high = swing_high

// === LONG RRMS CALCULATION ===
risk_amt = capital * risk_pct
long_entry_trigger = close <= ltrp * (1 + entry_zone_pct)
long_sl = ltrp * (1 - sl_buffer_pct)
long_risk = close - long_sl
long_reward = pivot_high - close
long_rrr = long_risk > 0 ? long_reward / long_risk : 0
long_qty = long_risk > 0 ? math.floor(risk_amt / long_risk) : 0

// === SHORT RRMS CALCULATION ===
short_entry_trigger = close >= pivot_high * (1 - entry_zone_pct)
short_sl = pivot_high * (1 + sl_buffer_pct)
short_risk = short_sl - close
short_reward = close - ltrp
short_rrr = short_risk > 0 ? short_reward / short_risk : 0
short_qty = short_risk > 0 ? math.floor(risk_amt / short_risk) : 0

// === CONDITIONS ===
long_condition = long_entry_trigger and long_rrr >= min_rrr and long_qty > 0 and close > long_sl
short_condition = enable_short and short_entry_trigger and short_rrr >= min_rrr and short_qty > 0 and close < short_sl

// Prevent duplicate entries
long_signal = long_condition and strategy.position_size == 0
short_signal = short_condition and strategy.position_size == 0

// === EXITS ===
long_target_hit = strategy.position_size > 0 and close >= pivot_high
long_sl_hit = strategy.position_size > 0 and close <= long_sl
short_target_hit = strategy.position_size < 0 and close <= ltrp
short_sl_hit = strategy.position_size < 0 and close >= short_sl

// === STRATEGY EXECUTION ===
if long_signal
    strategy.entry("RRMS Long", strategy.long, qty=long_qty)

if short_signal
    strategy.entry("RRMS Short", strategy.short, qty=short_qty)

if long_target_hit
    strategy.close("RRMS Long", comment="TARGET HIT")

if long_sl_hit
    strategy.close("RRMS Long", comment="STOP LOSS")

if short_target_hit
    strategy.close("RRMS Short", comment="TARGET HIT")

if short_sl_hit
    strategy.close("RRMS Short", comment="STOP LOSS")

// === PLOTS ===
plot(ltrp, "LTRP (Support)", color=color.new(color.blue, 0), linewidth=2, style=plot.style_stepline)
plot(pivot_high, "Pivot High (Resistance)", color=color.new(color.green, 0), linewidth=2, style=plot.style_stepline)
plot(long_sl, "Long SL", color=color.new(color.red, 50), linewidth=1, style=plot.style_stepline)
plot(enable_short ? short_sl : na, "Short SL", color=color.new(color.orange, 50), linewidth=1, style=plot.style_stepline)

// Entry zone highlighting
long_zone_upper = ltrp * (1 + entry_zone_pct)
short_zone_lower = pivot_high * (1 - entry_zone_pct)
bgcolor(close >= ltrp and close <= long_zone_upper ? color.new(color.green, 90) : na, title="Long Entry Zone")
bgcolor(enable_short and close <= pivot_high and close >= short_zone_lower ? color.new(color.red, 90) : na, title="Short Entry Zone")

// === LABELS ===
if long_signal
    label.new(bar_index, low, "BUY\nRRR:" + str.tostring(long_rrr, "#.#") + "\nQty:" + str.tostring(long_qty), style=label.style_label_up, color=color.green, textcolor=color.white, size=size.small)

if short_signal
    label.new(bar_index, high, "SELL\nRRR:" + str.tostring(short_rrr, "#.#") + "\nQty:" + str.tostring(short_qty), style=label.style_label_down, color=color.red, textcolor=color.white, size=size.small)

// === ALERT CONDITIONS ===
alertcondition(long_signal, "RRMS Buy Signal", "RRMS BUY: {{ticker}} @ {{close}}")
alertcondition(short_signal, "RRMS Sell Signal", "RRMS SELL: {{ticker}} @ {{close}}")

// === WEBHOOK ALERTS ===
tf = timeframe.period
if long_signal and use_webhook
    alert('{"ticker": "' + syminfo.ticker + '", "direction": "LONG", "entry": ' + str.tostring(close) + ', "sl": ' + str.tostring(long_sl) + ', "target": ' + str.tostring(pivot_high) + ', "rrr": ' + str.tostring(long_rrr, "#.##") + ', "qty": ' + str.tostring(long_qty) + ', "timeframe": "' + tf + '"}', alert.freq_once_per_bar_close)

if short_signal and use_webhook
    alert('{"ticker": "' + syminfo.ticker + '", "direction": "SHORT", "entry": ' + str.tostring(close) + ', "sl": ' + str.tostring(short_sl) + ', "target": ' + str.tostring(ltrp) + ', "rrr": ' + str.tostring(short_rrr, "#.##") + ', "qty": ' + str.tostring(short_qty) + ', "timeframe": "' + tf + '"}', alert.freq_once_per_bar_close)