S1 Support Bounce (0.3% Proximity & Touch)

Bullish: S1 Support Bounce - Bouncing off First Pivot Floor\n\nSTRATEGY DESCRIPTION:\nDetects when price bounces off the S1 (First Support) pivot level. S1 is calculated using standard pivot point formula. Bounce from S1 indicates strong support and potential bullish reversal.\n\nCORE LOGIC (Step by Step):\n\nSTEP 1: Calculate Pivot Point (PP)\nPP = (Previous Day High + Previous Day Low + Previous Day Close) / 3\n\nSTEP 2: Calculate S1 (First Support)\nS1 = (2 × PP) - Previous Day High\n\nSTEP 3: Check Proximity to S1\ndistance_to_s1 = |current_price - S1| / S1\nIF distance_to_s1 < 0.003 (within 0.3%): → Price near S1 support\n\nSTEP 4: Check Support Touch (Enhanced)\ntouched_s1 = current_low <= S1 AND current_close > S1\n(Price touched S1 and closed above it - strong bounce confirmation)\n\nSTEP 5: Check Bounce Confirmation\nis_bouncing = current_close > previous_close\n\nSTEP 6: Signal Generation\nIF (near_s1 OR touched_s1) AND is_bouncing:\n → S1_SUPPORT_BOUNCE DETECTED!\n\nEXAMPLE:\nPrevious Day: High=1050, Low=1000, Close=1020\nPP = (1050 + 1000 + 1020) / 3 = 1023.33\nS1 = (2 × 1023.33) - 1050 = 996.67\n\nCurrent Price = 998.00\nDistance = |998 - 996.67| / 996.67 = 0.13% (<0.3%)\nOR Price touched S1 and closed above\nCurrent Close > Previous Close (bouncing)\n\n→ S1_SUPPORT_BOUNCE DETECTED!\n\nWHY THIS MATTERS:\n- S1 is a key support level used by institutional traders\n- Bounce from S1 shows buyers are defending the level\n- Often leads to bullish reversal or continuation\n- Works well for pullback buying strategies\n\n[CHANGED: Proximity tightened from 0.5% to 0.3%, added touched_s1 condition for better bounce detection]