//@version=5
strategy("Volume + Fibonacci + Trend + ATR Strategy with 1% Take Profit", overlay=true)

// Input settings
length = input(24, title="Volume Lookback Period")
fibLevel1 = input(0.618, title="Fibonacci Level 1")
fibLevel2 = input(0.5, title="Fibonacci Level 2")
riskReward = input(2.0, title="Risk to Reward Ratio")
smaLength = input(200, title="SMA Length for Trend Filter")  // Trend filter with SMA
atrLength = input(14, title="ATR Length")  // ATR for dynamic take profit

// Calculate 24-hour average volume
volume24 = ta.sma(volume, length)

// Identify volume surges (when current volume exceeds the 24-hour average)
volumeCondition = volume > volume24

// Calculate Fibonacci retracement levels for the last 50 bars
var float highLevel = na
var float lowLevel = na
lookbackPeriod = input(50, title="Fibonacci Lookback Period")
if (bar_index >= lookbackPeriod)
    highLevel := ta.highest(high, lookbackPeriod)
    lowLevel := ta.lowest(low, lookbackPeriod)

// Calculate Fibonacci retracement levels
fib618 = lowLevel + (highLevel - lowLevel) * fibLevel1
fib50 = lowLevel + (highLevel - lowLevel) * fibLevel2

// Plot Fibonacci levels on the chart
plot(fib618, color=color.red, title="Fib 0.618")
plot(fib50, color=color.blue, title="Fib 0.5")

// Trend filter using a simple moving average (SMA)
sma200 = ta.sma(close, smaLength)

// Buy condition: Price is above the 0.618 Fibonacci level, volume condition, and price is above SMA200
buyCondition = close > fib618 and volumeCondition and close > sma200
if (buyCondition)
    strategy.entry("Buy", strategy.long)

// Sell condition: Price falls below the 0.5 Fibonacci level, indicating potential reversal
sellCondition = close < fib50 and volumeCondition
if (sellCondition)
    strategy.close("Buy")

// Set dynamic take profit using ATR for a more adaptive target
atr = ta.atr(atrLength)
takeProfitPriceATR = strategy.position_avg_price + atr * riskReward  // Dynamic target based on ATR

// Set take profit at 1% above entry price
takeProfitPrice1Pct = strategy.position_avg_price * 1.01  // 1% take profit

// Exit: Either take profit at 1% or ATR-based take profit
strategy.exit("Take Profit 1%", from_entry="Buy", limit=takeProfitPrice1Pct)
strategy.exit("Take Profit ATR", from_entry="Buy", limit=takeProfitPriceATR, stop=fib50)