Ceate PineScript TradingView bot.

The logic of this bot will be as follows: This is a scalping bot and will be perfected using the one minute charts and that can be used on any chart. Build a bot that identifies a recent low and high of the market. Once the low and high has been established, the bot should then purchase 50% at the 382 retracement and then the final 50% at the 214 retracement. The stop loss will be selling 100% at the 1 retracement in the evnt the market reaches that level. This bot is meant for a bullish market.

Regardless if the bot hit the 382 or the 382 8.214 retrace fib levels, sell 1/3 on the way up using the fib retracement tool. Sell 1/3 at 1.0, sell 1/3 at the 1272 and the final 1/3 at the 1.618 fib levels. Once the market hits the first target of the 1.0, then the stop loss should move up to breakeven with breakeven being the 618 on the way up. Please see the attachment for greater clarification.

As indicated by the attachment, the market (SPY) made a new low of 582.42 and a recent high of 586.52, it then started making new lows. Once the market hit the 382 fib level, it would have bought 50% of the total and once it hit the 236, then it would have bought the final 50% at 583.39. Once the first level is bought, the bot would have set a stop loss at the 1 level. In this example, the market did not make it to the 236 fib level so only 50% would have been bought.

This first target of 1.0 would have targeted 1/3 being sold at that level and simutaneously moving the stop from the 1 to the 382 fib level, the next target would have been the 1.272 level(587.63). Once the 1.272 was hit it would simutaneously moved the stop loss to the 1.0 fib level. The final sell level would have been the 1618 (589.05).

Within the indicator, I would like the ability to not only backtest, but also to update the default setting as stated above. As an example, the bot would also be programmed to determine oversold conditions by using the RSi indicator. An extreme oversold RSI would be determined if the divergence would be positive while the market would continue to make now lows. In this case the bot would change the sell levels from 1.0, 1.272 and 1.618 to 1.0, 1.618 and 2.