OPEN-SOURCE SCRIPT

London Session Counter-Trend Strategy

442

👉 Timeframe: 15 minutes

🕗 Phase 1 — Morning Market Reading

Between 8:00 and 9:00, we observe the dominant market direction.
This direction is considered structural for the rest of the trading day.

If this movement continues until 10:00, it is also validated until a clear pullback occurs.

➡️ Therefore:
8:00–9:00 (and possibly until 10:00) = analysis zone

📐 Phase 2 — Trendline Construction

We draw a dashed trendline based on:

the lowest point if the 9:00 trend is bullish

the highest point if the 9:00 trend is bearish

This trendline acts as a key reference level.

🔄 Phase 3 — Trade Setup

We do NOT trade in the direction of the 8:00 trend.

Instead, we wait for:

a price retracement back to the trendline

Then:

we enter a position in the opposite direction of the 8:00 trend

👉 This is a counter-trend strategy, but a structural and rule-based one — not emotional.

Clause de non-responsabilité

Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.