Becak I-Series : Envelope Trading v.7.0

Inspired by "Andean Oscillator: A New Technical Indicator Based on an Online Algorithm for Trend Analysis" (Alpaca Markets Research)

Core Concept
Inspired by the Andean Oscillator's online trend-detection algorithm, this indicator enhances traditional envelope strategies with real-time adaptive trend analysis and automated trade management.

📊 Key Innovations:
✅ Andean-Inspired Trend Detection – Dynamic envelope bands that adjust like the Andean Oscillator's real-time smoothing
✅ Self-Adjusting Targets – ATR-based profit-taking system with 3 customizable targets
✅ 5 Adaptive Modes – Switch between trend, reversal, pullback, squeeze, or hybrid strategies
✅ Smart Confirmation Filters – Volume (MFI), ADX strength, and RSI momentum
✅ Visual Trade Assistant – Auto-plots entry/exit zones with hit detection

🎯 How It Improves on Traditional Envelopes:

1. Real-Time Band Adjustment (like Andean's online algorithm)
   
2. Adaptive Target Zones (not static multiples)
   
3. Multiple Signal Philosophies in one tool
   

⚙️ Best For:

1. Traders who want Andean-like trend detection with clear rules
   
2. Systematic traders needing structured profit-taking
   
3. Swing traders looking for confirmed envelope breaks
   

How to Use the Becak I-Series Envelope Trading Indicator
This advanced indicator provides 5 trading modes with dynamic trend analysis and automated profit targets. Here’s how to use it effectively:

🔹 Step 1: Select Your Trading Mode
Choose from 5 signal types in the settings:
Momentum – Follows strong trends (best for trending markets)
Mean Reversion – Fades overextended moves (best for ranging markets)
Pullback – Enters retracements within trends (best for swing trading)
Squeeze – Trades volatility breakouts (best for consolidations)
Adaptive – Automatically blends strategies (recommended for all markets)

👉 Tip: Start with Adaptive mode if unsure.

🔹 Step 2: Understand the Signals
🔵 Blue Envelope (Upper Band) – Resistance in uptrends
🔴 Red Envelope (Lower Band) – Support in downtrends
⚪ Midline – Trend filter (price above = bullish, below = bearish)

Entry Signals
🟢 Buy Signal (⦿) – Price confirms bullish setup (depends on selected mode)
🟡 Sell Signal (⦿) – Price confirms bearish setup

Target Trend System (Auto Profit-Taking)
🎯 T1, T2, T3 – Profit targets (adjustable in settings)
🛑 SL – Dynamic stop-loss (trails with trend)
✔️ "HIT" Labels – Confirms when a target is reached

🔹 Step 3: Trade Execution Rules
For Trend-Following (Momentum/Pullback Modes)
✅ Long Entry:

1. Price breaks above midline
   
2. Buy signal appears (green dot)
   
3. Volume & ADX confirm strength
   

✅ Short Entry:

1. Price breaks below midline
   
2. Sell signal appears (yellow dot)
   

Volume & ADX confirm weakness

For Reversals (Mean Reversion Mode)
✅ Buy at Lower Band:

1. Price touches red envelope + RSI oversold
   
2. Volume confirms exhaustion
   

✅ Sell at Upper Band:

1. Price touches blue envelope + RSI overbought
   
2. Volume confirms exhaustion
   

🔹 Step 4: Manage Your Trade

1. Hold until T1, T2, or T3 is hit (adjust based on risk tolerance)
   
2. Stop-loss moves with the trend (trailing stop logic)
   
3. Exit early if the trend reverses (price crosses midline)
   

🔹 Step 5: Optimize Settings (Optional)

1. Envelope Length (50 default) – Adjust for sensitivity (shorter = faster signals)
   
2. ATR Multiplier (0.8 default) – Controls target distances
   
3. Volume/ADX Filters – Tweak for stricter/looser confirmations
   

PS:
thank you to pinecoder that previously write about andean envelope, learn much from you!!
TERIMA KASIH (Thank you) !!