AshokTrend

The AshokTrend indicator uses a combination of trendline logic and pivot high/low detection to signal possible BUY and SELL trades based on price action and structural breakouts.

### Buy/Sell Signal Logic

- **Buy Trade Signal**: It identifies local pivot lows using a lookback period, then checks multiple conditions comparing current and previous pivot values to validate a breakout. If conditions are met, triangle-up shapes are plotted below bars to indicate a possible long trade, and trendlines are drawn connecting pivots for visual confirmation.
- **Sell Trade Signal**: It locates pivot highs, applies similar multi-point checks, and confirms breakdowns in structure. Upon a valid signal, triangle-down shapes are plotted above bars to indicate a possible short trade, with corresponding trendlines marking pivot connections.

### Structural Confirmation

- Both buy and sell signals require the breakout/breakdown to be visually confirmed via the movement and steepness (slope) of custom lines that represent price momentum between pivots. Lines are updated or deleted if price fails the required strength, ensuring signals are filtered for validity.

### Alert and Analysis Details

- **Alerts**: Plotted shapes (triangle up for buy, triangle down for sell) can be used for automated alerts, integrating with platform alert conditions for strategy automation.
- **Analysis**: The indicator incorporates logic for cleaning up invalid signals and pruning trendlines when a reversal is detected, increasing reliability of entries and exits for both buy and sell trades.

### Key Settings for Customization

- Lookback period, padding, and color settings allow the user to tune signal frequency and visual appearance according to specific trading needs.

### Summary Table

| Signal Type | Visual Mark | Pivot Reference | Trendline Confirmation | Filtering Logic |
|----------------------|--------------|-----------------|-----------------------|-------------------------------|
| BUY | Triangle Up | Pivot Low | Slope & multi-point | Valid breakout only |
| SELL | Triangle Down| Pivot High | Slope & multi-point | Valid breakdown only |

This approach ensures that only structurally strong breakout-based trades are considered, pruning false signals in real-time for improved consistency in automated or manual trade analysis

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Disclaimer - This post is created for only Learning Purpose. Every Charts, Trade Ideas, Buy & Sell Levels and Updates are Provided  For Learning Purpose Only . We Do Not Provide Any Buy And Sell Signals Tips.  We are Not SEBI Registered .Do Always Calculate Your risk Before Taking the Trade And consult your Financial Advisor Before taking any Trade. Thank You