Eagle Algo Pro : Trend & Reversal System

Overview
Eagle Algo Pro is a comprehensive technical analysis system designed for scalping and short-term trading. It allows traders to identify high-momentum breakouts while simultaneously monitoring key structural reversal levels. By combining Trend Follow (Eagle) and Mean Reversion (S/R) logic into a single tool, this script eliminates the need for multiple indicators, offering a clean and actionable dashboard.

Concepts & Underlying Calculations

1. Dynamic Channel Breakout (Eagle Logic)
The core trend-following component utilizes a dynamic price channel mechanism, conceptually similar to localized Donchian Channels.

• Calculation: The script tracks the highest high and lowest low over a user-defined lookback period (default 20).
  
• Logic: A signal is generated when the price closes strictly outside this dynamic range. This signifies a volatility expansion and potential trend continuation, filtering out sideways noise.
  

2. Advanced Support & Resistance (Array-Based)
Unlike standard pivot indicators that vanish after a few bars, this script uses Pine Script's Array Library to manage memory.

• Memory System: It identifies Pivot Highs and Lows and stores them in a memory array. These levels are projected forward as "Zones".
  
• Filtering: The script calculates the "strength" of each zone based on the number of price rejections (wicks). It dynamically updates these zones and removes invalid ones, keeping the chart clean.
  
• Reversal Confirmation: When price tests a stored Zone, the script checks for Rejection Wicks and RSI alignment (Overbought/Oversold) before suggesting a reversal.
  

3. Linear Regression Channel (RiViL)
To visualize the current market slope and deviation:

• Math: It calculates the "Line of Best Fit" (Linear Regression) over 100 periods and plots Standard Deviation bands (2.0 deviation).
  
• Usage: This helps traders visually confirm if the market is overextended relative to its statistical mean.
  

How to Use

For Trend Trading:
Look for the "CALL" or "PUT" text labels generated by the Eagle logic. These signals are most effective when the Linear Regression channel is sloping in the direction of the trade.

For Reversal Trading:
Watch for the colored Resistance (Red Zone) and Support (Green Zone). A reversal signal is valid only if the price shows a rejection wick and RSI confirms the momentum shift.

Dashboard:
The on-screen panel provides real-time statistics on signal performance, distinguishing between Direct Wins and Martingale recovery sequences to help with risk management.

Originality & Value
This script justifies its Invite-Only status by implementing a custom Memory-Management System for Support & Resistance using arrays. Unlike public scripts that clutter charts with infinite lines, Eagle Algo Pro intelligently filters historical data to show only active, tested zones. This complex logic is protected to ensure the integrity of the algorithm.

Disclaimer
This tool is for educational and analytical purposes only. Past performance displayed on the dashboard does not guarantee future results. Traders should use proper risk management.