Buy Sell Signal

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Buy Sell Signal - EMA Crossover with Dynamic Risk Management
OVERVIEW

This indicator combines a dual EMA crossover system with ATR-based dynamic stop loss and take profit levels to provide complete trade management signals. Unlike basic EMA crossover scripts, this tool automatically calculates and displays entry points, stop losses, and take profit targets based on market volatility, offering traders a complete trading framework in a single indicator.

HOW IT WORKS
The indicator uses three core components working together:

Trend Detection: A fast EMA (default 5) and slow EMA (default 13) identify trend direction. When the fast EMA crosses above the slow EMA, it signals bullish momentum; when it crosses below, it signals bearish momentum.

Entry Validation: Optional candle confirmation filter ensures the crossover is accompanied by a bullish/bearish candle close, reducing false signals in choppy markets.
Risk Management: Uses ATR (Average True Range, default 14 periods) to calculate:

Stop Loss: Positioned below/above recent swing low/high minus ATR multiplier (default 0.5x)
Take Profit: Calculated using customizable risk-reward ratio (default 3:1)



KEY FEATURES
✅ Automatic Position Tracking: Monitors active trades and displays current position status (LONG/SHORT/No position)
✅ Visual Trade Management: Shows entry price (white dashed line), stop loss (red line), and take profit (green line) in real-time
✅ Trade Outcome Signals: Displays clear markers when TP is hit (🎯), SL is triggered (❌), or position is invalidated by opposite signal
✅ Information Dashboard: Live table showing entry price, SL, TP, and actual R:R ratio
✅ Smart Position Invalidation: Automatically closes and invalidates previous positions when opposite trend signal appears
✅ Customizable Alerts: Five alert conditions for BUY/SELL signals, TP hits, SL triggers, and invalidations

INPUTS

• Fast EMA Length (default 5): Responsive to recent price action
  
• Slow EMA Length (default 13): Defines broader trend direction
  
• ATR Period (default 14): Volatility measurement period
  
• SL Multiplier (default 0.5): Distance from swing point to stop loss
  
• Risk:Reward Ratio (default 3.0): Target profit relative to risk
  
• Candle Confirmation (default ON): Requires bullish/bearish candle on crossover
  

HOW TO USE

1. Apply the indicator to your chart (works on all timeframes)
   
2. Adjust EMA periods based on your trading style (shorter for scalping, longer for swing trading)
   
3. Set your preferred risk-reward ratio
   
4. Enable alerts for automated notifications
   
5. When a BUY/SELL signal appears, the indicator automatically calculates and displays your complete trade plan
   
6. Monitor the information table for live position updates
   
7. Exit when TP is reached or SL is triggered
   

TRADING METHODOLOGY
This script implements a momentum-following strategy based on exponential moving average crossovers, enhanced with volatility-adjusted risk parameters. The ATR-based stop loss adapts to market conditions—wider stops in volatile markets, tighter stops in calm markets. The position invalidation feature prevents traders from holding outdated positions when market sentiment shifts.

BEST PRACTICES

• Use on trending markets for best results
  
• Higher timeframes (4H, Daily) produce fewer but more reliable signals.
  
• For scalpe use 5 and 15 minutes(Risk).
  
• Consider market context and fundamental factors alongside signals
  
• Adjust ATR multiplier based on asset volatility
  
• Test different EMA combinations for your preferred instruments
  

ORIGINALITY
While EMA crossover systems are common, this script's value lies in its complete integration of entry logic, dynamic risk management, position tracking, and automated invalidation—features typically requiring multiple separate indicators. The ATR-based stop loss calculation and automatic R:R visualization provide practical trade execution guidance that basic crossover indicators lack.

Important Notes:

• This indicator does not guarantee profitable trades
  
• Always practice proper risk management
  
• Backtest settings on historical data before live trading
  
• Past performance does not indicate future results
  

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Sürüm Notları

Update v1.1 - Redundant Signal Filter
Added intelligent signal filtering to prevent duplicate BUY/SELL alerts when already in a position of the same direction. The indicator now only displays new entry signals when no position is active or when the signal direction changes, eliminating unnecessary redundant notifications and improving trade clarity.

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Sürüm Notları

Update v3.0 - Multi Take Profit System
New Features:
Automatic Multiple Take Profits

The indicator now displays intermediate TP levels based on your R:R configuration
Example: If you set R:R = 3, you'll see TP1 (1:1), TP2 (2:1), and TP3 Final (3:1)
Each level is marked only once when price reaches it

Enhanced Visualization

Small labels (TP1, TP2, TP3...) appear above the candle when each level is reached
Dotted green horizontal lines show all intermediate TP levels in real-time
Solid green line indicates the final Take Profit
Soft colors (60% transparency) to avoid chart clutter

Visual Risk Management

Clear tracking of how many targets you've hit on each trade
Lines update dynamically while the position is active
Perfect for partial close strategies or trailing stop management

Technical Improvements:

Updated to Pine Script v6
Optimized level detection algorithm
No duplicate visual alerts

How to Use:
Simply configure your desired R:R (example: 3.0, 4.0, 5.0) and the indicator will automatically generate all intermediate levels. Ideal for professional risk management and scaled profit taking.