6AM Strategy

// GOLD 6AM IST Strategy — LipiScript for GoCharting
// =====================================================
// Bias : 6:00–6:15 AM IST candle direction
// Entry : 5-min breakout of bias HIGH/LOW → next candle open
// SL : Opposite end of bias candle
// TP : 1:3 Risk Reward
// Max : 1 trade per day

indicator("GOLD 6AM IST Strategy", overlay=true)

// ─── INPUT ───────────────────────────────────────────
rr = input(3.0, "Risk:Reward Ratio")

// ─── IST TIME ────────────────────────────────────────
// GoCharting me time milliseconds me hota hai
// IST = UTC + 5:30 = UTC + 330 minutes
ist_offset = 330 * 60 * 1000
ist_time = time + ist_offset
ist_hour = math.floor((ist_time / (1000 * 60 * 60)) % 24)
ist_minute = math.floor((ist_time / (1000 * 60)) % 60)

// ─── SESSION CONDITIONS ──────────────────────────────
is_weekday = dayofweek != 1 and dayofweek != 7 // 1=Sun, 7=Sat in GoCharting
is_600am = ist_hour == 6 and ist_minute == 0
is_after_615 = (ist_hour == 6 and ist_minute >= 15) or ist_hour > 6
is_new_day = dayofmonth != dayofmonth[1]

// ─── BIAS CANDLE FROM 15-MIN CHART ───────────────────
bias_high_15 = request.security(syminfo.tickerid, "15", high)
bias_low_15 = request.security(syminfo.tickerid, "15", low)
bias_open_15 = request.security(syminfo.tickerid, "15", open)
bias_close_15 = request.security(syminfo.tickerid, "15", close)

// ─── STATE VARIABLES ─────────────────────────────────
var float bias_high = na
var float bias_low = na
var int bias_dir = 0 // 1=Long, -1=Short
var bool trade_done = false
var bool breakout_seen = false

// ─── RESET EVERY NEW DAY ─────────────────────────────
if (is_new_day) {
bias_high := na
bias_low := na
bias_dir := 0
trade_done := false
breakout_seen := false
}

// ─── STEP 1: CAPTURE 6:00 AM IST BIAS CANDLE ─────────
if (is_600am and is_weekday and na(bias_high)) {
bias_high := bias_high_15
bias_low := bias_low_15
bias_dir := bias_close_15 >= bias_open_15 ? 1 : -1
}

// ─── STEP 2: BREAKOUT AFTER 6:15 AM IST ──────────────
long_breakout = false
short_breakout = false

if (is_weekday and is_after_615 and not trade_done and not breakout_seen and not na(bias_high)) {

// SHORT BIAS: price 6:00-6:15 ka LOW tod de
if (bias_dir == -1 and low < bias_low) {
short_breakout := true
breakout_seen := true
}

// LONG BIAS: price 6:00-6:15 ka HIGH tod de
if (bias_dir == 1 and high > bias_high) {
long_breakout := true
breakout_seen := true
}
}

// ─── STEP 3: MARK ENTRY NEXT CANDLE ──────────────────
if (short_breakout and not trade_done) {
trade_done := true
}

if (long_breakout and not trade_done) {
trade_done := true
}

// ─── VISUALS ─────────────────────────────────────────

// Yellow background = 6:00 to 6:15 AM IST bias window
is_bias_window = is_weekday and ist_hour == 6 and ist_minute < 15
bgcolor(is_bias_window ? color.new(color.yellow, 85) : na)

// Draw bias HIGH and LOW lines
var line ln_high = na
var line ln_low = na

if (is_600am and is_weekday and not na(bias_high)) {
ln_high := line.new(bar_index, bias_high, bar_index + 100, bias_high,
color=color.red, width=2, style=line.style_dashed)
ln_low := line.new(bar_index, bias_low, bar_index + 100, bias_low,
color=color.green, width=2, style=line.style_dashed)

// Bias label
lbl_text = bias_dir == 1 ? "LONG BIAS" : "SHORT BIAS"
lbl_color = bias_dir == 1 ? color.green : color.red
lbl_y = bias_dir == 1 ? bias_low : bias_high
lbl_style = bias_dir == 1 ? label.style_label_up : label.style_label_down
label.new(bar_index, lbl_y, text=lbl_text, color=lbl_color,
textcolor=color.white, style=lbl_style, size=size.normal)
}

// Entry signal arrows
plotshape(long_breakout, title="Long Entry", location=location.belowbar,
style=shape.triangleup, color=color.lime, size=size.normal)
plotshape(short_breakout, title="Short Entry", location=location.abovebar,
style=shape.triangledown, color=color.red, size=size.normal)

// SL and TP lines on entry
if (short_breakout) {
sl_val = bias_high
risk = math.abs(sl_val - close)
tp_val = close - risk * rr
line.new(bar_index, sl_val, bar_index + 60, sl_val, color=color.red, width=1, style=line.style_solid)
line.new(bar_index, tp_val, bar_index + 60, tp_val, color=color.green, width=1, style=line.style_solid)
}

if (long_breakout) {
sl_val = bias_low
risk = math.abs(close - sl_val)
tp_val = close + risk * rr
line.new(bar_index, sl_val, bar_index + 60, sl_val, color=color.red, width=1, style=line.style_solid)
line.new(bar_index, tp_val, bar_index + 60, tp_val, color=color.green, width=1, style=line.style_solid)