Silverstrat

//@version=5
strategy("Silverstrat", overlay=true)

// Time constraints
// ### Trading Session 

ts = input.bool(true, title="Show Trade Session")

tz = input.string("America/New_York", title="Timezone", options=["Asia/Tokyo", "Europe/London", "America/New_York"])
label = input.string("CME Open", title="Label", tooltip="For easy identification")

startHour = input.int(9, title="analysis Start hour")
startMinute = input.int(0, title="analysis Start minute")

startHour2 = input.int(9, title="Session Start hour")
startMinute2 = input.int(30, title="Session Start minute")
endHour2 = input.int(21, title="Session End hour")
endMinute2 = input.int(0, title="Session End minute")

rangeColor = input.color(color.new(color.green, 90), title="Color")

showMon = input.bool(true, title="Monday")
showTue = input.bool(true, title="Tuesday")
showWed = input.bool(true, title="Wednesday")
showThu = input.bool(true, title="Thursday")
showFri = input.bool(true, title="Friday")
showSat = input.bool(false,title="Saturday")
showSun = input.bool(false,title="Sunday")

tzYear = year(time, tz)
tzMonth = month(time, tz)
tzDay = dayofmonth(time, tz)
tzDayOfWeek = dayofweek(time, tz)
startTime = timestamp(tz, tzYear, tzMonth, tzDay, startHour, startMinute)
endTime = timestamp(tz, tzYear, tzMonth, tzDay, endHour2, endMinute2)

is_time_ok = if startTime <= time and time <= endTime and ts
    if tzDayOfWeek == dayofweek.monday and showMon
        true
    else if tzDayOfWeek == dayofweek.tuesday and showTue
        true
    else if tzDayOfWeek == dayofweek.wednesday and showWed
        true
    else if tzDayOfWeek == dayofweek.thursday and showThu
        true
    else if tzDayOfWeek == dayofweek.friday and showFri
        true
    else if tzDayOfWeek == dayofweek.saturday and showSat
        true
    else if tzDayOfWeek == dayofweek.sunday and showSun
        true
    else
        false
else
    false

bgcolor(color=is_time_ok ? rangeColor : na, title = "Session Background")

// Calculate the range from 12 AM to 6 AM, the "Market Session"
var float rangeHigh = na
var float rangeLow = na
if (hour(time) == 0 and minute(time) == 0)
    rangeHigh := high
    rangeLow := low
if (hour(time) < 6)
    rangeHigh := math.max(rangeHigh, high)
    rangeLow := math.min(rangeLow, low)

// Calculate 50% levels
float midRange = (rangeHigh + rangeLow) / 2


// Candle pattern
BullPaint = low > high[2] and is_time_ok
BearPaint = high < low[2] and is_time_ok
barcolor(BullPaint ? color.green : BearPaint ? color.red : na, offset=-1)

// Trade setup variables
var float bullEntryPrice = na
var float bullStopLoss = na
var float bullTakeProfit = na
var float bearEntryPrice = na
var float bearStopLoss = na
var float bearTakeProfit = na

// Detect trade setup
if BullPaint and is_time_ok
    bullEntryPrice := (high[0] + low[2]) / 2
    bullStopLoss := low[0]
    bullTakeProfit := bullEntryPrice + 2 * (bullEntryPrice - bullStopLoss)

if BearPaint and is_time_ok
    bearEntryPrice := (low[0] + high[2]) / 2
    bearStopLoss := high[0]
    bearTakeProfit := bearEntryPrice - 2 * (bearStopLoss - bearEntryPrice)

// Execute trade when price reaches entry level
if not na(bullEntryPrice) and close[1] <= bullEntryPrice and close => bullEntryPrice
    strategy.entry("Bullish Entry", strategy.long)
    strategy.exit("Bullish TP/SL", "Bullish Entry", stop=bullStopLoss, limit=bullTakeProfit)
    // Reset trade setup
    bullEntryPrice := na
    bullStopLoss := na
    bullTakeProfit := na

if not na(bearEntryPrice) and close[1] >= bearEntryPrice and close =< bearEntryPrice
    strategy.entry("Bearish Entry", strategy.short)
    strategy.exit("Bearish TP/SL", "Bearish Entry", stop=bearStopLoss, limit=bearTakeProfit)
    // Reset trade setup
    bearEntryPrice := na
    bearStopLoss := na
    bearTakeProfit := na