Get Price action trading strategies Code That Actually Works

//@version=5
indicator("Price Action Trading Strategies", shorttitle="PA Signals", overlay=true)

// Input parameters
atrLength = input.int(14, title="ATR Length", minval=1)
atrMult = input.float(3.0, title="SuperTrend ATR Multiplier", minval=0.1, step=0.1)
volLen = input.int(20, title="Volume MA Length", minval=1)
rsiLen = input.int(14, title="RSI Length", minval=1)
showPins = input.bool(true, title="Show Pin Bars")
showEngulf = input.bool(true, title="Show Engulfing")
volThresh = input.float(1.5, title="Volume Threshold Multiplier", minval=1.0)

// SuperTrend for trend filter
[st, dir] = ta.supertrend(atrMult, atrLength)

// Price action: Pin bars
bodySize = math.abs(close - open)
lowerWick = math.min(open, close) - low
upperWick = high - math.max(open, close)
bullPin = lowerWick >= bodySize * 2 and upperWick <= bodySize * 0.3 and close > open
bearPin = upperWick >= bodySize * 2 and lowerWick <= bodySize * 0.3 and close < open

// Engulfing patterns
prevBodyHigh = math.max(open[1], close[1])
prevBodyLow = math.min(open[1], close[1])
bullEngulf = close > open and open <= prevBodyLow and close >= prevBodyHigh and close[1] < open[1]
bearEngulf = close < open and open >= prevBodyHigh and close <= prevBodyLow and close[1] > open[1]

// Volume confirmation
volMA = ta.sma(volume, volLen)
highVol = volume > volMA * volThresh

// RSI for divergence hint (simple bear/bull bias)
rsi = ta.rsi(close, rsiLen)
rsiOversold = rsi < 30
rsiOverbought = rsi > 70

// Combined signals (price action + volume + SuperTrend filter + RSI bias)
bullSignal = highVol and (bullPin or bullEngulf) and close > st and rsiOversold
bearSignal = highVol and (bearPin or bearEngulf) and close < st and rsiOverbought

// Plots
plot(st, "SuperTrend", color=dir == -1 ? color.green : color.red, linewidth=2)
plotshape(showPins and bullPin, title="Bull Pin", style=shape.triangleup, location=location.belowbar, color=color.green, size=size.small)
plotshape(showPins and bearPin, title="Bear Pin", style=shape.triangledown, location=location.abovebar, color=color.red, size=size.small)
plotshape(showEngulf and bullEngulf, title="Bull Engulf", style=shape.circle, location=location.belowbar, color=color.blue, size=size.tiny)
plotshape(showEngulf and bearEngulf, title="Bear Engulf", style=shape.circle, location=location.abovebar, color=color.orange, size=size.tiny)
plotshape(bullSignal, title="BUY Signal", style=shape.labelup, location=location.belowbar, color=color.new(color.green, 0), text="BUY", textcolor=color.white, size=size.normal)
plotshape(bearSignal, title="SELL Signal", style=shape.labeldown, location=location.abovebar, color=color.new(color.red, 0), text="SELL", textcolor=color.white, size=size.normal)

// Alerts
alertcondition(bullSignal, title="Bull Price Action Alert", message="Bullish price action signal: Pin/Engulf + High Vol + SuperTrend Up + RSI Oversold")
alertcondition(bearSignal, title="Bear Price Action Alert", message="Bearish price action signal: Pin/Engulf + High Vol + SuperTrend Down + RSI Overbought")

// Table for status (optional visual)
var table infoTable = table.new(position.top_right, 2, 4, bgcolor=color.white, border_width=1)
if barstate.islast
    table.cell(infoTable, 0, 0, "Trend", text_color=color.black)
    table.cell(infoTable, 1, 0, dir == -1 ? "Bull" : "Bear", text_color=dir == -1 ? color.green : color.red)
    table.cell(infoTable, 0, 1, "RSI", text_color=color.black)
    table.cell(infoTable, 1, 1, str.tostring(math.round(rsi, 1)), text_color=rsi < 30 ? color.green : rsi > 70 ? color.red : color.black)