3C QFL Mean reversal

The 3C QFL Mean reversal indicator is a mean-reversion tool that identifies panic selling moments to execute trades below base support levels. It combines the Quickfingersluc (QFL) strategy with a built-in Dollar Cost Averaging (DCA) engine to manage positions during market volatility.

Usage

The script is designed for traders looking to capitalize on price "cracks" below established support levels.

• Base Identification: The indicator automatically identifies "Base levels" (the lowest price reached before a strong upward reaction). When price falls below this base by a user-defined percentage, a "Deal Start" signal is triggered.
• DCA Management: It simulates a multi-level safety order system. If the market continues to move against the position, the script calculates and executes safety orders based on volume and price step scales, similar to 3Commas bot configurations.
• Directional Trading: While primarily used for Long positions to catch dips, the tool can be toggled to Short mode for mean-reversion during parabolic moves.
• Risk Management: Users can define a maximum number of safety orders and a hard stop-loss percentage to protect total account capital.

Details

The strategy is optimized for higher timeframes such as 1H, 2H, and 4H, though it remains functional on lower timeframes for scalping. Unlike native TradingView backtesting which can suffer from slippage in complex DCA scenarios, this script utilizes an internal calculation engine for average price and profit tracking. It includes a graphical interface that displays active bases, safety order levels, and a comprehensive trade summary table.

Settings

Strategy Settings

• Strategy Type: Choose between Long or Short directions.
• QFL Timeframe: The timeframe used to calculate base levels (should be equal to or higher than the chart timeframe).
• QFL Volume MA: The moving average period for volume filtering.
• Max Candle Age: Prevents opening deals on outdated support levels.
• QFL Percentage to Buy: The percentage drop below the base required to trigger an entry.

DCA & Exit Settings

• Take Profit Type: Calculate profit targets based on the total volume or the initial base order.
• Base Order Size: The initial position size in USD.
• Safety Order Size: The size of the first safety order in USD.
• Safety Order Volume Scale: Multiplier for the size of successive safety orders.
• Safety Order Step Scale: Multiplier for the price distance between successive safety orders.
• Max Safety Trades Count: Limits the total number of DCA entries.

FAQ

How do I access 3C QFL Mean reversal?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.

Can this script automate trades?

Yes, the script includes webhook integration for 3Commas bots, allowing for automated "Deal Start," "Safety Order," and "Take Profit" execution.

What is the recommended timeframe?

While it works on all timeframes, the QFL method is most reliable on the 1-hour chart and above to avoid market noise.