STMD Indicator PRO

16 Tem

The STMD Indicator PRO is designed for traders looking to capture strong trends using moving average alignment and the powerful Elephant Bar pattern, popularized by Oliver Velez.

📋 How it works?
✔ Simple Moving Averages:

SMA 8 (Black)

SMA 13 (Purple)

SMA 20 (Blue)

SMA 200 (Red, optional filter)

✔ Signal conditions:

All SMAs aligned and trending in the same direction

Price near the short-term SMAs

A strong candle (Elephant Bar) with a big body and small opposite wick

Signal only on the first or second consecutive candle of the same color

✅ Features
✔ Background color showing trend bias
✔ Alerts ready: STMD Buy and STMD Sell
✔ Optional SMA 200 filter for higher timeframe confirmation

📌 Disclaimer: This script is for educational purposes only. Not financial advice.

16 Tem

Sürüm Notları

STMD Indicator PRO – Professional Setup
The STMD Indicator PRO is designed for traders looking to capture strong trends using moving average alignment and the powerful Elephant Bar pattern, popularized by Oliver Velez.

📋 How it works?
✔ Simple Moving Averages:

SMA 8 (Black)

SMA 13 (Purple)

SMA 20 (Blue)

SMA 200 (Red, optional filter)

✔ Signal conditions:

All SMAs aligned and trending in the same direction

Price near the short-term SMAs

A strong candle (Elephant Bar) with a big body and small opposite wick

Signal only on the first or second consecutive candle of the same color