Zen CSC Bar Strategy v1🧠 Zen Consecutive Bar Strategy — Research Tool (Trend + Reversal)
**Description:**
This strategy is designed as a flexible research tool for studying price behavior following consecutive bull or bear bars. It allows users to explore breakout and reversal scenarios with full control over trade entry and filtering logic.
**🔧 Key Features:**
* **Configurable bar sequence**: Detects customizable streaks of consecutive bull or bear bars.
* **Trend or Reversal mode**: Toggle between breakout-style entries or fade/reversal-style setups.
* **MA-based filter**: Optionally restrict trades to occur above or below the 20-period moving average.
* Longs can be limited to above/below MA
* Shorts can be limited to above/below MA
* **Customizable R-multiple targets**: Choose between 0.5R, 1R, 1.5R, or 2R reward targets.
* **Stop loss logic**: Uses syminfo.mintick to offset stops by 1 tick beyond the pattern high/low.
* **Entry logic**: Buy/Sell either on the close of the setup bar or on breakout beyond high/low.
* **Trade direction**: Enable long-only, short-only, or both.
**📊 Research Use Only:**
This is not a ready-to-trade system. It’s intended to help traders test ideas and collect performance stats under different configurations. Use it to:
* Evaluate the failure rate of open spikes
* Study behavior following strong directional bars
* Compare trend-following vs mean-reversion edge across sessions
**❗Disclaimer:**
This script is for educational purposes only. It does not constitute financial advice. Past performance does not guarantee future results.
Breakout!
LEOLA LENS PROLeola Lens Pro is a closed-source, invite-only overlay designed to give traders deeper insight into liquidity shifts, trap zones, and expansion/reversion mechanics across all markets.
Built on the foundation of Leola Lens Standard, this version introduces:
✅ More precise, price-reactive zones
✅ Adaptive expansion and reversion levels
✅ Real-time visibility into liquidity sweeps and institutional trap zones
🔍 What It Displays:
Dynamic structure zones that adapt as price evolves
Expansion lines suggesting potential breakout or exhaustion targets
Zone clusters that highlight where breakouts may trap late entries
Additional color-coded markers:
🟡 Yellow Line → Key psychological decision zone
🩷 Pink Lines → Potential support/pullback or resistance-reversal zones
📊 Best Suited For:
Traders identifying value area breaks, imbalances, or liquidity voids
Scalpers seeking early signs of trap formations
Swing traders looking to catch mean reversion setups after expansions
⚠️ Technical Notes:
Leola Lens Pro is built with original code, not based on public Pine libraries or commonly reused indicator logic
Does not include RSI, MACD, Moving Averages, or volume indicators
Best visual performance on 15-minute charts, but adaptable to any timeframe
Orb [LUM3N]Orb – Opening Range Breakout Strategy with Confidence Engine
Description
The Orb script is a precision-engineered Opening Range Breakout (ORB) system designed for intraday and scalping strategies. Built around the first 15–30 minutes of price action, it identifies high-probability breakout entries, confirms momentum using 1-minute signals, and automatically calculates Fibonacci-based profit targets.
Key Features:
✅ Customizable ORB Timeframe (15 or 30 mins)
✅ Dynamic Stop Loss Options (Fixed %, ATR-based, EMA trailing)
✅ Fibonacci Take Profit Targets (1.272 / 1.618 / 2.0)
✅ Retest Logic with Smart Labels (confirms strength after breakout)
✅ Time-Based Exit Functionality (automatically closes trades after X minutes)
✅ Built-in Volume Spike Filter (optional)
✅ Multi-Factor Confidence Score using RSI, MACD Histogram, and VWAP
✅ Live Dashboard displaying entry price, TP levels, live % gain, and signal confidence
The confidence engine uses a weighted scoring system to determine if a breakout is High, Medium, or Low confidence — giving traders more control and clarity.
Ideal for structured day traders looking to automate key rules and reduce guesswork.
BTC 15m Range Breakout Strategy
This is a **BTC 15-minute Range Breakout Strategy** designed for Most Simple Bitcoin Trading Strategy | Bitcoin Trading Strategy | Theta Gainers
Here's a brief overview:
## Strategy Overview
**Core Concept**: The strategy identifies a narrow 15-minute range during low volatility and trades breakouts from that range.
**Key Components**:
- **Range Definition**: Creates a price range based on the high/low between 19:15-19:30 IST (Indian Standard Time)
- **Trading Session**: Operates from 19:00 to 05:30 IST (covers both Asian and early European sessions)
- **Entry Signals**:
- **Long**: When price breaks above the range high
- **Short**: When price breaks below the range low
- **Risk Management**: Uses the opposite range boundary as stop loss with a customizable risk-reward ratio (default 2:1)
**Logic**: This targets the common pattern where Bitcoin consolidates during low-volume periods, then breaks out with momentum as major trading sessions begin. The 19:15-19:30 IST window likely captures a quiet period before increased activity.
**Features**:
- Visual range box display
- Automatic alerts for entries/exits
- Session-based position management
- Only one position per session
- Positions close automatically at session end
The strategy is designed for systematic breakout trading with clear risk parameters and automated execution.
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Moving Average / ATR Breakout Signal [ARTech]Moving Average / ATR Breakout Signal
This indicator generates trend-following signals based on price breaking above or below a user-defined Moving Average (MA). It supports various MA types and lengths, while offering optional filters like ATR bands and breakout thresholds to enhance signal quality. The tool is designed to help traders detect momentum shifts with configurable confirmation logic and offers visual enhancements to help traders better interpret market conditions at a glance.
Key Features:
• Multi-Type Moving Average Support: Choose from various Moving Average types including EMA, SMA, Hull MA, VWMA, RMA, TEMA, and more — fully customizable with source and length options.
• Flexible Signal Logic: Signals are generated when price breaks above or below the selected MA. You can define the number of confirmation candles and choose between wick-based or close-based break logic.
• ATR-Based Filtering: Enable ATR filtering to create dynamic upper and lower breakout bands around the MA. This helps reduce noise and validate true breakouts with volatility-adjusted thresholds.
• Breakout Threshold Filtering: Add an optional breakout condition where the price must first move a minimum percentage away from the previous signal level before a new opposite signal is allowed. Prevents choppy back-to-back signals.
• Visual Enhancements: Color-coded backgrounds highlight long and short zones, adapting dynamically to signal context. Optional MA slope coloring further supports trend visualization.
• Signal Alerts: Customizable alerts for long and short signals, including user-defined messages, to keep you notified in real-time.
Why use this indicator?
• Helps you identify clear trend shifts by focusing on price action relative to a customizable moving average.
• Improves signal reliability with optional ATR filtering and breakout confirmation, reducing false signals.
• Flexible MA types and lengths let you tailor the indicator to your trading style.
• Suitable for traders of all levels looking for a straightforward, yet powerful trend-following tool.
How to Use
███████ Alerts ███████
• Custom Alerts: To enable Custom Alerts, you need to activate the fx alert() function call option in TradingView’s alert creation dialog. Then, select the desired alert type (Long or Short) from the indicator's settings under the "Alerts" section, you can customize messages and enable notifications for Long and Short signals.
Using Custom Alerts allows you to set up one alert that covers both Long and Short signals, simplifying your alert management.
• Long and Short Alerts: To create Long or Short alerts, open the alert dialog, select this indicator as the condition, then choose “Long” or “Short” from the list and click Create.
You need to set up two separate alerts: one for Long signals and one for Short signals.
███████ Moving Average ███████
This is the core component of the signal system. You can customize:
Moving Average Type: Choose from SMA, EMA, WMA, Hull MA, VWMA, RMA, or TEMA
Length: Adjust the length to suit your strategy.
Source: Select which price data (e.g., Close, Open, HL2) is used to calculate the MA.
Show Slope Color: Colors the MA line based on its direction: upward slopes are shown in the selected "Up" color, while downward slopes use the "Down" color. This helps you visually confirm trend direction at a glance.
Show Background Color: When enabled, highlights the area between the MA and price to enhance signal zones:
– If ATR filter is on, the space between ATR bands is shaded.
– If ATR filter is off, the area between the MA line and bar closes is colored.
This helps emphasize potential breakout or trend-following zones visually.
███████ Break Options ███████
Confirm Candles: Defines the number of consecutive candles that must break the selected level to confirm a signal.
– If ATR filter is enabled, this level is the ATR bands.
– If ATR is disabled, the Moving Average line is used.
This helps filter out noise and avoid premature signals.
Break Type: Specifies how the candle must break the level:
– Close: The candle must close beyond the level.
– Wick: A wick touching or exceeding the level is enough.
Choose based on how strict you want the breakout condition to be.
███████ Filters ███████
This section provides optional filters to improve signal accuracy:
ATR
When enabled, breakout confirmation requires the price to cross above the upper breakout line or below the lower breakout line by a specified percentage from the last signal price.
• Multiplier: Adjusts the width of ATR bands by multiplying the ATR value.
• Length: Sets the period for ATR calculation.
• Smoothing: Selects the smoothing method applied to the ATR (RMA, SMA, EMA, WMA).
• Upper and Lower Line Colors: Customize the colors of the ATR bands.
Breakout Filter
When enabled, breakout confirmation requires the price to cross above the upper breakout line or below the lower breakout line by a specified percentage from the last signal price.
• Threshold (%): Defines the minimum percentage price movement required to validate a breakout.
• Show Breakout Levels: Toggle to display or hide breakout threshold area on the chart.
Multi-Signal Entry Parachute – Buy ConfirmationMulti-Signal Entry Parachute – StochRSI + ADX + Volatility Confirmation
The Multi-Signal Entry Parachute is a buy-focused tool designed to identify high-probability long setups using a layered confirmation approach. By filtering for momentum exhaustion, trend weakening, and volatility upticks, the indicator aims to act as a supportive “parachute” for more confident entry timing .
It works best on higher time frames , where signals are typically more reliable and less prone to short-term noise. The goal is not to capture every market move, but to enhance the timing and conviction of long entries within broader structures.
Please note that this tool provides buy signals only . It does not include exit conditions or shorting logic. Users are advised to apply their own judgment for managing exits—such as monitoring divergence, volatility shifts, or key resistance levels.
The Entry Parachute is most effective when used as part of a broader trading system, serving as a confirmation layer rather than a standalone signal generator.
Double Fractal Entry📘 Overview
Double Fractal Entry is a structure-based indicator that identifies high-probability entry points using dynamic interaction between price and fractal levels. It combines classical fractal detection with custom logic for breakout and rebound signals, visually plotting entry, Stop-Loss, and Take-Profit levels directly on the chart.
This indicator is ideal for traders who rely on clear market geometry, offering a consistent approach to structural trading across all assets and timeframes.
🔧 Core Logic and Calculations
1. Fractal Mapping and Channel Construction
The script identifies upper and lower fractals based on a user-defined number of left/right bars. Once confirmed, fractals are connected into two channels:
- Upper Channel: connects all upper fractals
- Lower Channel: connects all lower fractals
Together, they form a real-time visual market structure used for signal generation.
2. Signal Generation: Breakout and Rebound Modes
Users can choose between two entry types:
- Fractal Breakout: a signal is triggered when price breaks beyond the last upper or lower fractal.
- Fractal Rebound: a signal is triggered when price rejects or reverses from a fractal zone.
Each signal includes:
- An entry arrow
- A horizontal line at the entry price
- SL and TP levels, calculated using the internal structure logic
3. Stop-Loss and Take-Profit Calculation
The SL/TP levels are not based on arbitrary points or ATR, but are dynamically determined using the distance between the latest upper and lower fractals (called a "fractal range").
This creates a volatility-adaptive risk structure, where TP and SL levels reflect the real rhythm of the market.
📊 Visual Elements on the Chart
- Fractals: Plotted as green/red markers above/below price
- Fractal Channels: Lines connecting same-side fractals (upper/lower)
- Entry Arrows: Show direction and type of entry (breakout or rebound)
- Entry Line: Horizontal level where signal occurred
- Stop-Loss / Take-Profit Lines: Drawn proportionally from fractal range
- Signal History: Optional display of previous signals for reference
⚙️ Inputs and Customization
You can configure:
- Fractal sensitivity (bars left/right)
- Entry type: Breakout or Rebound
- SL/TP distance (in fractal range units)
- Signal visibility and history depth
- Colors, widths, and line styles for all elements
🧠 How to Use
- Breakout Mode – Use when price shows momentum and trend structure (e.g., trending market)
- Rebound Mode – Use in sideways or reactive environments (e.g., pullbacks, ranges)
- Plan your risk with SL/TP already on the chart.
- Combine with volume, trend direction, or your strategy rules for confirmation.
This tool supports both discretionary trading and automated alert logic.
💡 What Makes It Unique
Unlike standard fractal or Zigzag indicators, Double Fractal Entry creates a dual-structure view that reflects the true swing structure of the market. Its logic is:
- Based on price geometry, not traditional indicators
- Adaptable to any volatility, thanks to dynamic fractal spacing
- Capable of filtering noise, especially in lower timeframes
The indicator also enables clean signal logic for those building trading systems, while providing immediate visual clarity for manual traders.
⚠️ Disclaimer
This indicator is designed for technical analysis and educational use only. It does not predict future market direction or guarantee profitable trades. Always combine tools with proper risk management and a well-tested strategy.
🔒 Invite-Only Script Notice
This is a closed-source invite-only script. It is fully built on proprietary fractal logic without using built-in oscillators, trend indicators, or repainting elements. Entry decisions and SL/TP levels are based entirely on price structure.
Range Breakout Statistics [Honestcowboy]
⯁ Overview
The Range Breakout Statistics uses a very simple system to detect ranges/consolidating markets. The principle is simple, it looks for areas where the slope of a moving average is flat compared to past values. If the moving average is flat for X amount of bars that's a range and it will draw a box.
The statistics part of the script is a bit more complicated. The aim of this script is to expand analysis of trading signals in a different way than a regular backtest. It also highlights the polyline tool, one of my favorite drawing tools on the tradingview platform.
⯁ Statistics Methods
The script has 2 different modes of analyzing a trading signals strength/robustness. It will do that for 2 signals native to the script.
Upper breakout: first price breakout at top of box, before max bars (100 bars by default)
Lower breakout: first price breakout at bottom of box, before max bars
The analysis methods themselves are straightforward and it should be possible for tradingview community to expand this type of analysis to other trading signals. This script is a demo for this analysis, yet some might still find the native signals helpful in their trading, that's why the script includes alerts for the 2 native signals. I've also added a setting to disable any data gathering, which makes script run faster if you want to automate it.
For both of the analysis methods it uses the same data, just with different calculations and drawing methods. The data set is all past price action reactions to the signals saved in a matrix. Below a chart for explaining this visually.
⯁ Method 1: Averages Projection
The idea behind this is that just showing all price action that happened after signal does not give actionable insights. It's more a spaghetti jumble mess of price action lines. So instead the script averages the data out using 3 different approaches, all selectable in the settings menu.
Geometric Average: useful as it accurately reflects compound returns over time, smoothing out the impact of large gains or losses. Accounts for volatility drift.
Arithmetic Average: a standard average calculation, can be misleading in trading due to volatility drift. It is the most basic form of averaging so I included it.
Median: useful as any big volatility huge moves after a signal does not really impact the mean as it's just the middle value of all values.
These averages are the 2 lines you will find in the middle of the projection. Having a clear difference between a lower break average and upper break average price reaction can signal significance of the trading signal instead of pure chaos.
Outside of this I also included calculations for the maximum and minimum values in the dataset. This is useful for seeing price reactions range to the signal, showing extreme losses or wins are possible. For this range I also included 2 matrices of highs and lows data. This makes it possible to draw a band between the range based on closing price and the one using high/low data.
Below is a visualisation of how the averages data is shown on chart.
⯁ Method 2: Equity Simulation
This method will feel closer to home for traders as it more closely resembles a backtest. It does not include any commissions however and also is just a visualisation of price reaction to a signal. This method will simulate what would happen if you would buy at the breakout point and hold the trade for X amount of bars. With 0 being sell at same bar close. To test robustness I've given the option to visualise Equity simulation not just for 1 simulation but a bunch of simulations.
On default settings it will draw the simulations for 0 bars holding all the way to 10 bars holding. The idea behind it is to check how stable the effect is, to have further confirmation of the significance of the signal. If price simulation line moves up on average for 0 bars all the way to 10 bars holding time that means the signal is steady.
Below is a visualisation of the Equity Simulation.
⯁ Signal filtering
For the boxes themselves where breakouts come from I've included a simple filter based on the size of the box in ATR or %. This will filter out all the boxes that are larger top to bottom than the ATR or % value you setup.
⯁ Coloring of Script
The script includes 5 color themes, each carefully created using color themes from the pantone color institute. There are no color settings or other visual settings in the script, the script themes are simple and always have colors that work well together. Equity simulation uses a gradient based on lightness to color the different lines so it's easier to differentiate them while still upper breaks having a different color than lower breaks.
This script is not created to be used in conjunction with other scripts, it will force you into a background color that matches the theme. It's purpose is a research tool for systematic trading, to analyse signals in more depth.
Metaverse color theme:
⯁ Conclusion
I hope this script will help traders get a deeper understanding of how different assets react to their assets. It should be possible to convert this script into other signals if you know how to code on the platform. It is my intention to make more publications that include this type of analysis. It is especially useful when dealing with signals that do not happen often enough, so a regular backtest is not enough to test their significance.
Breakout LabelsThis script labels the highest price of the lowest candle over a period of time. It then labels any bullish breakouts where the close price is higher than the high of the lowest candle.
15-Min ORB Indicator with Breakout Targets **What this indicator does:**
The 15-Min ORB (Opening Range Breakout) Indicator helps traders spot breakout trades by automatically detecting the high and low of the first 15 minutes after a session opens. It then monitors for breakouts above or below this range and plots dynamic take-profit levels based on your chosen multipliers.
**How it works:**
You set the start time for your session (hour and minute) in the settings.
The indicator marks the high and low during the first 15 minutes after your chosen open time, drawing lines on the chart and, if enabled, labels for these levels.
If price breaks above the 15-min high, a potential long breakout is identified; if it breaks below the low, a potential short breakout is detected.
Upon a breakout, the script calculates the distance from the entry (breakout) to the opposite side of the 15-min range and uses your input multipliers to project two take-profit levels (TP1/TP2).
All lines and labels (for the range and targets) can be individually toggled on or off in the settings.
Both the 15-min range and the targets can be styled (color, line style, label position).
**How to use it:**
Add the indicator to your chart.
Set the session start hour and minute to match your instrument’s open (e.g., 9:30 for US stocks or futures).
Use the settings to customize which levels and labels are shown, their appearance, and the target expansion multiples.
When price breaks out above or below the opening range, the script will plot TP1 and TP2 lines at your chosen risk/reward multiples, and label them if desired.
You can use the visual levels for trade entries, profit taking, or alerts.
**What makes it unique and useful:** >
Unlike many basic ORB indicators, this script not only marks the opening range but also tracks breakouts, auto-plots your profit targets based on range expansion, and gives you full control over display (styles, toggles, and label positions).
The TP targets are dynamic and can be set to any multiples, adapting to your risk/reward plan and breakout style.
Everything is customizable for your own session times, instrument, or trading approach.
**Typical uses:**
Intraday traders looking for clear breakout setups around the session open.
Automated R-multiple target planning for both long and short trades.
Visualizing volatility and measuring early price expansion.
Auto Trendlines [AlgoXcalibur]Effortlessly visualize trendlines.
This algorithm does more than just draw lines connecting structural swing points — it reveals dynamic support & resistance breakouts with clarity and precision while significantly reducing your workload compared to the hassle of manually drawing trendlines.
🧠 Algorithm Logic
This advanced Auto Trendlines indicator delivers clear market structure through an intelligent multi-fractal design, revealing useful swing structures in real time. For those seeking maximum awareness, the optional Micro Trendlines (Dotted) constantly monitors even the most recent and minor structural shifts — keeping you fully in tune with evolving market dynamics. A Break Detection Engine constantly monitors each trendline and provides instant visual feedback when structural integrity is lost: broken lines turn gray, stop extending, and remain visible to enhance clarity and situational awareness. The algorithm is carefully refined to prevent chart distortion commonly caused by forcing entire trendline structures into view — preserving a natural and accurate charting experience. To further ensure optimal readability, an integrated Clutter Control mechanism limits the number of visible trendlines — focusing attention only on the most relevant structures.
⚙️ User-Selectable Features
• Micro Trendlines (Dotted): Ultra-responsive short-term trendlines that react to even the smallest structural shifts — ideal for staying ahead of early trend changes.
• Broken Trendline Declutter: Enable to display only the most recent broken trendlines to simplify chart visuals and maintain clarity, or disable to analyze previous price action.
💡 Modern Innovation
Auto Trendline indicators are often inaccurate, clumsy, and rely on slow methods that fail to adapt. AlgoXcalibur’s Auto Trendline indicator takes a modern, refined approach — combining smart pivot logic for both speed and stability, dynamic break detection with clear visual cues, and displaying only the most relevant trendlines while prioritizing accuracy, preventing distortion, and reducing clutter — automatically.
🔐 To get access or learn more, visit the Author’s Instructions section.
Price Range Retrace statisticks [HERMAN]📈 Price Range Retrace Stats
This indicator is designed to help traders quantify how often price retraces to a selected equilibrium level (e.g., 50%) after sweeping the high/low of a defined time-based range.
It is especially useful for modeling sessions such as the London Opening Range (e.g., 02:00–03:00 NY time), checking if price sweeps that range in a subsequent window (e.g., 03:00–04:00), and returns to its 50% level.
✅ What does it do?
Lets you define multiple time ranges (e.g. London, NY Open, custom ranges).
Draws the range box for the selected session time.
Calculates and plots the retracement level (default 50%).
Checks if price sweeps the high/low of the range before retracing.
Tracks success rate, average distance, sample size and displays these stats in a table.
⚙️ Key Features:
Fully customizable time windows (range box time and retracement check time).
-Configurable retracement % (default 50% equilibrium).
-Optional sweep condition (only count retracements if price sweeps the high/low first).
-Clean, theme-adaptive stats table with success rates and averages.
-Supports two independent levels (e.g. London and NY sessions).
📊 Why use it?
This tool turns session-based setups into statistical models:
Backtest session strategies over many days.
Quantify edge with % success over time.
Validate trading ideas with data.
Use probabilities instead of gut feeling.
Example insight you can track:
“Between 3–4 AM NY time, price swept the high/low of the 2–3 AM London Opening Range and returned to its 50% equilibrium level in 64% of 234 sessions.”
📌 Ideal for:
ICT concepts (Opening Range, Sweep, Equilibrium Return).
Algo developers wanting probabilities.
Anyone who wants data-driven confirmation for session range mean-reversion.
Instructions:
1️⃣ Enable the desired Price Range (1 or 2).
2️⃣ Set your Range Time (e.g. 02:00–03:00).
3️⃣ Set your Retracement Check Time (e.g. 03:00–04:00).
4️⃣ Choose retracement % (e.g. 50%).
5️⃣ Watch the box and retrace line plot on chart.
6️⃣ Review the success statistics in the table.
Bollinger Bands Entry/Exit ThresholdsBollinger Bands Entry/Exit Thresholds
Author of enhancements: chuckaschultz
Inspired and adapted from the original 'Bollinger Bands Breakout Oscillator' by LuxAlgo
Overview
Pairs nicely with Contrarian 100 MA
The Bollinger Bands Entry/Exit Thresholds is a powerful momentum-based indicator designed to help traders identify potential entry and exit points in trending or breakout markets. By leveraging Bollinger Bands, this indicator quantifies price deviations from the bands to generate bullish and bearish momentum signals, displayed as an oscillator. It includes customizable entry and exit signals based on user-defined thresholds, with visual cues plotted either on the oscillator panel or directly on the price chart.
This indicator is ideal for traders looking to capture breakout opportunities or confirm trend strength, with flexible settings to adapt to various markets and trading styles.
How It Works
The Bollinger Bands Entry/Exit Thresholds calculates two key metrics:
Bullish Momentum (Bull): Measures the extent to which the price exceeds the upper Bollinger Band, expressed as a percentage (0–100).
Bearish Momentum (Bear): Measures the extent to which the price falls below the lower Bollinger Band, also expressed as a percentage (0–100).
The indicator generates:
Long Entry Signals: Triggered when the bearish momentum (bear) crosses below a user-defined Long Threshold (default: 40). This suggests weakening bearish pressure, potentially indicating a reversal or breakout to the upside.
Exit Signals: Triggered when the bullish momentum (bull) crosses below a user-defined Sell Threshold (default: 80), indicating a potential reduction in bullish momentum and a signal to exit long positions.
Signals are visualized as tiny colored dots:
Long Entry: Blue dots, plotted either at the bottom of the oscillator or below the price bar (depending on user settings).
Exit Signal: White dots, plotted either at the top of the oscillator or above the price bar.
Calculation Methodology
Bollinger Bands:
A user-defined Length (default: 14) is used to calculate an Exponential Moving Average (EMA) of the source price (default: close).
Standard deviation is computed over the same length, multiplied by a user-defined Multiplier (default: 1.0).
Upper Band = EMA + (Standard Deviation × Multiplier)
Lower Band = EMA - (Standard Deviation × Multiplier)
Bull and Bear Momentum:
For each bar in the lookback period (length), the indicator calculates:
Bullish Momentum: The sum of positive deviations of the price above the upper band, normalized by the total absolute deviation from the upper band, scaled to a 0–100 range.
Bearish Momentum: The sum of positive deviations of the price below the lower band, normalized by the total absolute deviation from the lower band, scaled to a 0–100 range.
Formula:
bull = (sum of max(price - upper, 0) / sum of abs(price - upper)) * 100
bear = (sum of max(lower - price, 0) / sum of abs(lower - price)) * 100
Signal Generation:
Long Entry: Triggered when bear crosses below the Long Threshold.
Exit: Triggered when bull crosses below the Sell Threshold.
Settings
Length: Lookback period for EMA and standard deviation (default: 14).
Multiplier: Multiplier for standard deviation to adjust Bollinger Band width (default: 1.0).
Source: Input price data (default: close).
Long Threshold: Bearish momentum level below which a long entry signal is generated (default: 40).
Sell Threshold: Bullish momentum level below which an exit signal is generated (default: 80).
Plot Signals on Main Chart: Option to display entry/exit signals on the price chart instead of the oscillator panel (default: false).
Style:
Bullish Color: Color for bullish momentum plot (default: #f23645).
Bearish Color: Color for bearish momentum plot (default: #089981).
Visual Features
Bull and Bear Plots: Displayed as colored lines with gradient fills for visual clarity.
Midline: Horizontal line at 50 for reference.
Threshold Lines: Dashed green line for Long Threshold and dashed red line for Sell Threshold.
Signal Dots:
Long Entry: Tiny blue dots (below price bar or at oscillator bottom).
Exit: Tiny white dots (above price bar or at oscillator top).
How to Use
Add to Chart: Apply the indicator to your TradingView chart.
Adjust Settings: Customize the Length, Multiplier, Long Threshold, and Sell Threshold to suit your trading strategy.
Interpret Signals:
Enter a long position when a blue dot appears, indicating bearish momentum dropping below the Long Threshold.
Exit the long position when a white dot appears, indicating bullish momentum dropping below the Sell Threshold.
Toggle Plot Location: Enable Plot Signals on Main Chart to display signals on the price chart for easier integration with price action analysis.
Combine with Other Tools: Use alongside other indicators (e.g., trendlines, support/resistance) to confirm signals.
Notes
This indicator is inspired by LuxAlgo’s Bollinger Bands Breakout Oscillator but has been enhanced with customizable entry/exit thresholds and signal plotting options.
Best used in conjunction with other technical analysis tools to filter false signals, especially in choppy or range-bound markets.
Adjust the Multiplier to make the Bollinger Bands wider or narrower, affecting the sensitivity of the momentum calculations.
Disclaimer
This indicator is provided for educational and informational purposes only.
Hodie Smart Inside BarThe Hodie Smart Inside Bar indicator automatically detects and visually highlights inside bars — candles fully contained within the range of the previous (parent) candle.
How the indicator works:
Inside Bar Identification:
The indicator analyzes each candle and checks if its high is lower than the previous candle’s high, and its low is higher than the previous candle’s low. If this condition is met, the candle is considered an inside bar.
Size Filtering:
To filter out small and insignificant consolidations, the indicator compares the size of the parent candle’s range to the inside bar’s range. Only if the parent candle is significantly larger (2 times or more — adjustable parameter), the inside bar is considered significant.
Zone Drawing:
For each detected inside bar, the indicator draws a rectangular zone bounded by the parent candle’s high and low. This zone automatically extends to the right as new bars appear until the price moves outside the parent candle’s range.
Zone Completion:
Once the price closes above the parent candle’s high or below its low, the zone is considered complete and stops extending.
Visual Aids:
If enabled, the indicator can shade the background of the current inside bar for additional visual emphasis.
A label with the text "IB" appears above the inside bar candle on the chart for easier identification.
Alerts:
Supports alerts when a new inside bar forms.
Alerts help traders notice important signals promptly.
To activate, create an alert on the indicator with the condition “New Inside Bar”.
Benefits of the Indicator:
Inside bars often signal consolidation and potential liquidity accumulation, which may be followed by a strong impulsive breakout. This indicator helps traders quickly identify consolidation zones and prepare for possible price moves.
Heatmap Trailing Stop with Breakouts (Zeiierman)█ Overview
Heatmap Trailing Stop with Breakouts (Zeiierman) is a trend and breakout detection tool that combines dynamic trailing stop logic, Fibonacci-based levels, and a real-time market heatmap into a single, intuitive system.
This indicator is designed to help traders visualize pressure zones, manage stop placement, and identify breakout opportunities supported by contextual price–derived heat. Whether you're trailing trends, detecting reversals, or entering on explosive breakouts — this tool keeps you anchored in structure and sentiment.
It projects adaptive trailing stop levels and calculates Fibonacci extensions from swing-based extremes. These levels are then colored by a market heatmap engine that tracks price interaction intensity — showing where the market is "hot" and likely to respond.
On top of that, it includes breakout signals powered by HTF momentum conditions, trend direction, and heatmap validation — giving you signals only when the context is strong.
█ How It Works
⚪ Trailing Stop Engine
At its core, the script uses an ATR-based trailing stop with trend detection:
ATR Length – Defines volatility smoothing using EMA MA of true range.
Multiplier – Expands/retracts the trailing offset depending on market aggression.
Real-Time Extremum Tracking – Uses local highs/lows to define Fibonacci anchors.
⚪ Fibonacci Projection + Heatmap
With each trend shift, Fibonacci levels are projected from the new swing to the current trailing stop. These include:
Fib 61.8, 78.6, 88.6, and 100% (trailing stop) lines
Heatmap Coloring – Each level'slevel's color is determined by how frequently price has interacted with that level in the recent range (defined by ATR).
Strength Score (1–10) – The number of touches per level is normalized and averaged to create a heatmap ""score"" displayed as a colored bar on the chart.
⚪ Breakout Signal System
This engine detects high-confidence breakout signals using a higher timeframe candle structure:
Bullish Breakout – Strong bullish candle + momentum + trend confirmation + heatmap score threshold.
Bearish Breakout – Strong bearish candle + momentum + trend confirmation + heatmap score threshold.
Cooldown Logic – Prevents signals from clustering too frequently during volatile periods.
█ How to Use
⚪ Trend Following & Trail Stops
Use the Trailing Stop line to manage positions or time entries in line with trend direction. Trailing stop flips are highlighted with dot markers.
⚪ Fibonacci Heat Zones
The projected Fibonacci levels serve as price magnets or support/resistance zones. Watch how price reacts at Fib 61.8/78.6/88.6 levels — especially when they're glowing with high heatmap scores (more glow = more historical touches = stronger significance).
⚪ Breakout Signals
Enable breakout signals when you want to trade breakouts only under strong context. Use the "Heatmap Strength Threshold" to require a minimum score (1–10).
█ Settings
Stop Distance ATR Length – ATR period for volatility smoothing
Stop Distance Multiplier – Adjusts the trailing stop'sstop's distance from price
Heatmap Range ATR Length – Defines how far back the heatmap scans for touches
Number of Heat Levels – Total levels used in the heatmap (more = finer resolution)
Minimum Touches per Level – Defines what counts as a ""hot"" level
Heatmap Strength Threshold – Minimum average heat score (1–10) required for breakouts
Timeframe – HTF source used to evaluate breakout momentum structure
-----------------
Disclaimer
The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Protected Pivots Points by RiotwolftradingProtected Pivots Points by Riotwolftrading
---
You have an advanced visual tool designed for traders who want to identify and manage key price levels with maximum precision.
This script detects protected pivots (significant highs and lows) and marks them with horizontal lines on the chart. These lines automatically extend for a fixed number of bars or until price invalidates the level with a closing break.
---
🚀 What makes this indicator special?
---
✅ Protected pivot detection:
The indicator identifies protected highs and lows using a fixed pivot strength
✅ Wick break detection (liquidity sweep visualization):
When a wick crosses the pivot level **without the candle closing beyond the level, the indicator automatically changes the line’s color and style.
👉 This immediately shows the trader that the level was tested but remains structurally valid.
✅ Highly customizable visuals:
* Choose whether to show color for protected highs, lows, or wick break levels.
* Set your own colors, line styles (solid, dashed, dotted), and line widths.
---
### 🌟 Why is wick break detection so valuable?
---
💡 Instant context on price action:
No need to manually check every candle to see if a level was barely tested. The indicator changes the line’s appearance automatically, so you can focus on decisions.
💡 Clear distinction between untouched levels and tested levels:
* A level with no wick test is pristine support/resistance.
* A level tested by a wick but not invalidated is still valid — but may have been swept for liquidity.
💡 Crucial for precision trading strategies:
This is particularly important for strategies that rely on:
✅ Liquidity sweeps / stop hunts.
✅ Reversals from tested zones.
✅ Smart Money Concepts (SMC).
✅ ICT concepts, breakers, Quasimodo, BOS/MSS.
The wick break visualization helps filter false breakouts and highlights areas where institutional players may have stepped in.
💡 Avoid premature exits or entries:**
The color/style change tells you a level was tested but not broken, so you avoid overreacting to wick activity.
---
### ⚡ Example use case**
Imagine a protected low line:
🔹 Price dips and its wick touches the level — the line changes color (e.g. violet solid line).
🔹 The level is still valid because the close didn’t break it.
🔹 This could signal a stop hunt or liquidity grab, with a possible reversal opportunity right at that level.
---
### 🧭 **Why most pivot indicators don’t offer this**
Most pivot indicators:
❌ Simply mark the level and remove it after a close break.
❌ Don’t distinguish between a wick test and a true break.
🌟 **This indicator does — giving traders an extra layer of market insight.**
---
### ⚠ **Disclaimer**
This indicator is a visual aid to help identify key levels and price reactions. It does **not** generate buy or sell signals and should be used alongside your trading analysis and strategy.
---
Momentum Candle by Sekolah Trading## 🔷 Introduction
**Momentum Candle by Sekolah Trading** is a proprietary price action tool that identifies high-conviction candles with large bodies and minimal wicks, based on dynamically adjusted thresholds tailored to each pair and timeframe. This script helps traders recognize moments of price acceleration that often precede breakouts, trend continuation, or sharp reversals.
---
## 🔷 What Makes This Script Unique (Originality & Utility)
Unlike traditional candle filters that rely on static size comparisons, this indicator uses:
- **Instrument-specific pip sensitivity**: Automatically detects if the pair is XAUUSD, JPY-based, or other Forex instruments.
- **Timeframe-based calibration**: Adjusts body size thresholds dynamically for 5m, 15m, 30m, and 1h.
- **Wick ratio control**: Validates only candles with short wicks (<30%), filtering indecisive moves.
- **Non-repainting logic**: Signals appear after candle close, with no future data lookahead.
This logic has been tested and refined internally by **Sekolah Trading**, designed for scalpers and intraday traders who rely on clean price action structure.
---
## 🔷 How It Works
1. **Pair & Timeframe Detection**
Adjusts `minRange` dynamically based on:
- Gold (XAUUSD), JPY pairs, or other Forex
- Timeframe: 5m to 1h
2. **Candle Structure Analysis**
- Calculates body = `abs(open - close)`
- Wick = `upper + lower shadows`
- Valid only if wick is under 30% of total candle
3. **Conditions for Signal**
- Body ≥ minRange
- Wick ≤ 30%
- Clear bullish or bearish direction
4. **Plots**
- 🔺 Blue triangle = Bullish momentum candle
- 🔻 Red triangle = Bearish momentum candle
---
## 🔷 How to Use
1. **Add to any 5m–1h chart**, ideally on XAUUSD or major Forex pairs
2. **Wait for signal triangle** to appear at the close of a candle
3. Use with:
- Trend indicators (MA, Supertrend, etc.)
- Support/resistance zones
- Breakout levels
4. **Set alerts** using:
`Momentum Candle (Body)`
---
## 🔷 Why This Script is Closed-Source
This indicator includes proprietary logic created by **Sekolah Trading** for professional and community use:
- Original dynamic pip sensitivity calibration
- Custom multi-condition filtering
- Non-reused, non-public logic with adaptive precision
The source is protected to prevent unauthorized duplication. However, all relevant logic and intent have been clearly explained above as required by TradingView’s House Rules.
---
## 🔷 Disclaimer
This indicator does not provide financial advice or guaranteed signals. Always combine with your own analysis and risk management. Historical performance does not guarantee future results.
---
## 🔷 Suggested Tags
`momentum`, `price action`, `breakout`, `forex`, `xauusd`, `jpy`, `scalping`, `candle`, `non-repainting`, `trend confirmation`
CNN Statistical Trading System [PhenLabs]📌 DESCRIPTION
An advanced pattern recognition system utilizing Convolutional Neural Network (CNN) principles to identify statistically significant market patterns and generate high-probability trading signals.
CNN Statistical Trading System transforms traditional technical analysis by applying machine learning concepts directly to price action. Through six specialized convolution kernels, it detects momentum shifts, reversal patterns, consolidation phases, and breakout setups simultaneously. The system combines these pattern detections using adaptive weighting based on market volatility and trend strength, creating a sophisticated composite score that provides both directional bias and signal confidence on a normalized -1 to +1 scale.
🚀 CONCEPTS
• Built on Convolutional Neural Network pattern recognition methodology adapted for financial markets
• Six specialized kernels detect distinct price patterns: upward/downward momentum, peak/trough formations, consolidation, and breakout setups
• Activation functions create non-linear responses with tanh-like behavior, mimicking neural network layers
• Adaptive weighting system adjusts pattern importance based on current market regime (volatility < 2% and trend strength)
• Multi-confirmation signals require CNN threshold breach (±0.65), RSI boundaries, and volume confirmation above 120% of 20-period average
🔧 FEATURES
Six-Kernel Pattern Detection:
Simultaneous analysis of upward momentum, downward momentum, peak/resistance, trough/support, consolidation, and breakout patterns using mathematically optimized convolution kernels.
Adaptive Neural Architecture:
Dynamic weight adjustment based on market volatility (ATR/Price) and trend strength (EMA differential), ensuring optimal performance across different market conditions.
Professional Visual Themes:
Four sophisticated color palettes (Professional, Ocean, Sunset, Monochrome) with cohesive design language. Default Monochrome theme provides clean, distraction-free analysis.
Confidence Band System:
Upper and lower confidence zones at 150% of threshold values (±0.975) help identify high-probability signal areas and potential exhaustion zones.
Real-Time Information Panel:
Live display of CNN score, market state with emoji indicators, net momentum, confidence percentage, and RSI confirmation with dynamic color coding based on signal strength.
Individual Feature Analysis:
Optional display of all six kernel outputs with distinct visual styles (step lines, circles, crosses, area fills) for advanced pattern component analysis.
User Guide
• Monitor CNN Score crossing above +0.65 for long signals or below -0.65 for short signals with volume confirmation
• Use confidence bands to identify optimal entry zones - signals within confidence bands carry higher probability
• Background intensity reflects signal strength - darker backgrounds indicate stronger conviction
• Enter long positions when blue circles appear above oscillator with RSI < 75 and volume > 120% average
• Enter short positions when dark circles appear below oscillator with RSI > 25 and volume confirmation
• Information panel provides real-time confidence percentage and momentum direction for position sizing decisions
• Individual feature plots allow granular analysis of specific pattern components for strategy refinement
💡Conclusion
CNN Statistical Trading System represents the evolution of technical analysis, combining institutional-grade pattern recognition with retail accessibility. The six-kernel architecture provides comprehensive market pattern coverage while adaptive weighting ensures relevance across all market conditions. Whether you’re seeking systematic entry signals or advanced pattern confirmation, this indicator delivers mathematically rigorous analysis with intuitive visual presentation.
Breakout of inclined trendline [Drobode]█ DESCRIPTION
The script is designed to automatically detect a possible trendline breakout under the conditions of the popular "Slanted Trendline Breakout" strategy. The algorithm assumes that during the movement the price approaches the slanted (trend) line several times. With each subsequent approach (touch) to the trend line, the price consolidates more and more near this line, the distances between the extremes (touches) decrease, which indicates a high probability of a breakout of this line. The script checks the number of touches (approaches) of the extremes and the distances between the extremes. If all conditions are met, the script draws a slanted (trend) line in the corresponding area and an arrow with a possible price breakout direction. The length of the arrow is half the height of the slanted (trend) line and may indicate the level (price) at which it is advisable to fix the profit. In the script, you can enable or disable additional analysis periods (history length, number of bars), the more periods are enabled, the slower the script may load. For example, when placing the script on M-15, we can additionally enable the period 300 or 500, which will allow us to take into account a larger number of historical bars, and this can be considered as the extremes of the older timeframe. The script calculates each period separately, so one large period will not be able to take into account and analyze smaller periods. You can set the percentage deviation of the distance of the extremes from the trend line that touch the inclined line, depending on your needs and style of technical analysis. The smaller the percentage, the more accurate and closer to the inclined line the price extreme should be and vice versa. The main goal of the script is to facilitate the trader's routine work of identifying a possible trend line breakout. However, it should be understood that the script is not a full-fledged self-sufficient strategy, in case of receiving a signal, it is recommended to additionally conduct a comprehensive thorough analysis before taking trading actions. The script can be useful for traders of all levels, both beginners and experienced analysts. Like any other strategy or script, this script can work better on some instruments than on others. When analyzing trading setups, it is desirable to have a clear trend, it is recommended to take into account the signal of this script with a small period when the arrow shows the direction of the trend. However, at the same time, it is necessary to deeply analyze many other factors at this stage, in particular, such as volumes, consolidation, volatility, candlestick patterns, etc.
█ SCRIPT SETTINGS
By default, the script was developed and tested on medium timeframes with cryptocurrency futures instruments USDT.P
Alert
The Alert function in the script is enabled by default, you just need to activate Alert in the TradingView window and select the signal source - Breakout of inclined trendline .
The notification provides the following information (example):
Possible breakout to the upside
Ticker- DOGEUSDT.P
Price- 0.15844
Timeframe- 30
Period length- 377
Periods length
The script allows you to set the length of the period (number of bars) for which the calculation will be performed. Different periods allow you to cover more timeframes (in particular, larger timeframes). You can change up to 4 periods at a time. However, if you choose too large periods, the script may slow down and the loading time will increase. To increase the loading speed of the script, disable additional periods 3, 4, i.e. uncheck the corresponding checkboxes and use only fields 1 and 2 for periods, where you can also set the period length you need.
Percentage deviation of extremes from the trend line
The next settings are the percentage deviation of the extremes from the sloping line. The smaller the deviation, the more accurate and closer to the line the extreme bars should be, however, in this case the number of identification signals will be smaller. By default, the rejection zone is - 0.15%. On larger timeframes, the deviation can be set to be larger.
Support and Resistance Logistic Regression | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Logistic Regression Support / Resistance indicator! This tool leverages advanced statistical modeling "Logistic Regressions" to identify and project key price levels where the market is likely to find support or resistance. For more information about the process, please check the "HOW DOES IT WORK ?" section.
Logistic Regression Support / Resistance Features :
Intelligent S/R Identification : The indicator uses a logistic regression model to intelligently identify and plot significant support and resistance levels.
Predictive Probability : Each identified level comes with a calculated probability, indicating how likely it is to act as a true support or resistance based on historical data.
Retest & Break Labels : The indicator clearly marks on your chart when a detected support or resistance level is retested (price touches and respects the level) or broken (price decisively crosses through the level).
Alerts : Real-time alerts for support retests, resistance retests, support breaks, and resistance breaks.
Customizable : You can change support & resistance line style, width and colors.
🚩 UNIQUENESS
What makes this indicator truly unique is its application of logistic regression to the concept of support and resistance. Instead of merely identifying historical highs and lows, our indicator uses a statistical model to predict the future efficacy of these levels. It analyzes underlying market conditions (like RSI and body size at pivot formation) to assign a probability to each potential S/R zone. This predictive insight, combined with dynamic, real-time labeling of retests and breaks, provides a more robust and adaptive understanding of market structure than traditional, purely historical methods.
📌HOW DOES IT WORK ?
The Logistic Regression Support / Resistance indicator operates in several key steps:
First, it identifies significant pivot highs and lows on the chart based on a user-defined "Pivot Length." These pivots are potential areas of support or resistance.
For each detected pivot, the indicator extracts relevant market data at that specific point, including the RSI (Relative Strength Index) and the Body Size (the absolute difference between the open and close price of the candle). These serve as input features for the model.
The core of the indicator lies in its logistic regression model. This model is continuously trained on past pivot data and their subsequent behavior (i.e., whether they were "respected" as support/resistance multiple times). It learns the relationship between the extracted features (RSI, Body Size) and the likelihood of a pivot becoming a significant S/R level.
When a new pivot is identified, the model uses its learned insights to calculate a prediction value—a probability (from 0 to 1) that this specific pivot will act as a strong support or resistance.
If the calculated probability exceeds a user-defined "Probability Threshold," the pivot is designated a "Regression Pivot" and drawn on the chart as a support or resistance line. The indicator then actively tracks how price interacts with these levels, displaying "R" labels for retests when the price bounces off the level and "B" labels for breaks when the price closes beyond it.
⚙️ SETTINGS
1. General Configuration
Pivot Length: This setting defines the number of bars used to determine a significant high or low for pivot detection.
Target Respects: This input specifies how many times a level must be "respected" by price action for it to be considered a strong support or resistance level by the underlying model.
Probability Threshold: This is the minimum probability output from the logistic regression model for a detected pivot to be considered a valid support or resistance level and be plotted on the chart.
2. Style
Show Prediction Labels: Enable or disable labels that display the calculated probability of a newly identified regression S/R level.
Show Retests: Toggle the visibility of "R" labels on the chart, which mark instances where price has retested a support or resistance level.
Show Breaks: Toggle the visibility of "B" labels on the chart, which mark instances where price has broken through a support or resistance level.
Candle Breakout Oscillator [LuxAlgo]The Candle Breakout Oscillator tool allows traders to identify the strength and weakness of the three main market states: bullish, bearish, and choppy.
Know who controls the market at any given moment with an oscillator display with values ranging from 0 to 100 for the three main plots and upper and lower thresholds of 80 and 20 by default.
🔶 USAGE
The Candle Breakout Oscillator represents the three main market states, with values ranging from 0 to 100. By default, the upper and lower thresholds are set at 80 and 20, and when a value exceeds these thresholds, a colored area is displayed for the trader's convenience.
This tool is based on pure price action breakouts. In this context, we understand a breakout as a close above the last candle's high or low, which is representative of market strength. All other close positions in relation to the last candle's limits are considered weakness.
So, when the bullish plot (in green) is at the top of the oscillator (values above 80), it means that the bullish breakouts (close below the last candle low) are at their maximum value over the calculation window, indicating an uptrend. The same interpretation can be made for the bearish plot (in red), indicating a downtrend when high.
On the other hand, weakness is indicated when values are below the lower threshold (20), indicating that breakouts are at their minimum over the last 100 candles. Below are some examples of the possible main interpretations:
There are three main things to look for in this oscillator:
Value reaches extreme
Value leaves extreme
Bullish/Bearish crossovers
As we can see on the chart, before the first crossover happens the bears come out of strength (top) and the bulls come out of weakness (bottom), then after the crossover the bulls reach strength (top) and the bears weakness (bottom), this process is repeated in reverse for the second crossover.
The other main feature of the oscillator is its ability to identify periods of sideways trends when the sideways values have upper readings above 80, and trending behavior when the sideways values have lower readings below 20. As we just saw in the case of bullish vs. bearish, sideways values signal a change in behavior when reaching or leaving the extremes of the oscillator.
🔶 DETAILS
🔹 Data Smoothing
The tool offers up to 10 different smoothing methods. In the chart above, we can see the raw data (smoothing: None) and the RMA, TEMA, or Hull moving averages.
🔹 Data Weighting
Users can add different weighting methods to the data. As we can see in the image above, users can choose between None, Volume, or Price (as in Price Delta for each breakout).
🔶 SETTINGS
Window: Execution window, 100 candles by default
🔹 Data
Smoothing Method: Choose between none or ten moving averages
Smoothing Length: Length for the moving average
Weighting Method: Choose between None, Volume, or Price
🔹 Thresholds
Top: 80 by default
Bottom: 20 by default
Trailing Stop Loss [TradingFinder] 4 Machine Learning Methods🔵 Introduction
The trailing stop indicator dynamically adjusts stop-loss (SL) levels to lock in profits as price moves favorably. It uses pivot levels and ATR to set optimal SL points, balancing risk and reward.
Trade confirmation filters, a key feature, ensure entries align with market conditions, reducing false signals. In 2023 a study showed filtered entries improve win rates by 15% in forex. This enhances trade precision.
SL settings, ranging from very tight to very wide, adapt to volatility via ATR calculations. These settings anchor SL to previous pivot levels, ensuring alignment with market structure. This caters to diverse trading styles, from scalping to swing trading.
The indicator colors the profit zone between the entry point (EP) and SL, using light green for buy trades and light red for sell trades. This visual cue highlights profit potential. It’s ideal for traders seeking dynamic risk management.
A table displays real-time trade details, including EP, SL, and profit/loss (PNL). Backtests show trailing stops cut losses by 20% in trending markets. This transparency aids decision-making.
🔵 How to Use
🟣 SL Levels
The trailing stop indicator sets SL based on pivot levels and ATR, offering four options: very tight, tight, wide, or very wide. Very tight SLs suit scalpers, while wide SLs fit swing traders. Select the base level to match your strategy.
If price hits the SL, the trade closes, and the indicator evaluates the next trade using the selected filter. This ensures disciplined trade management. The cycle restarts with a new confirmed entry.
Very tight SLs, set near recent pivots, trigger exits early to minimize risk but limit profits in volatile markets. Wide SLs, shown as farther lines, allow more price movement but increase exposure to losses. Adjust based on ATR and conditions, noting SL breaches open new positions.
🟣 Visualization
The indicator’s visual cues, like colored profit zones, simplify monitoring, with light green showing the profit area from EP to trailed SL. Dashed lines mark entry points, while solid lines track the trailed SL, triggering new positions when breached.
When price moves into profit, the area between EP and SL is colored—light green for longs, light red for shorts. This highlights the profit zone visually. The SL trails price, locking in gains as the trade progresses.
🟣 Filters
Upon trade entry, the indicator requires confirmation via filters like SMA 2x or ADX to validate momentum. Filters reduce false entries, though no guarantee exists for improved outcomes. Monitor price action post-entry for trade validity.
Filters like Momentum or ADX assess trend strength before entry. For example, ADX above 25 confirms strong trends. Choose “none” for unfiltered entries.
🟣 Bullish Alert
For a bullish trade, the indicator opens a long position with a green SL Line (after optional filters), trailing the SL below price. Set alerts to On in the settings for notifications, or Off to monitor manually.
🟣 Bearish Alert
In a bearish trade, the indicator opens a short position with a red SL Line post-confirmation, trailing the SL above price. With alerts On in the settings, it notifies the potential reversal.
🟣 Panel
A table displays all trades’ details, including Win Rates, PNL, and trade status. This real-time data aids in tracking performance. Check the table to assess trade outcomes instantly.
Review the table regularly to evaluate trade performance and adjust settings. Consistent monitoring ensures alignment with market dynamics. This maximizes the indicator’s effectiveness.
🔵 Settings
Length (Default: 10) : Sets the pivot period for calculating SL levels, balancing sensitivity and reliability.
Base Level : Options (“Very tight,” “Tight,” “Wide,” “Very wide”) adjust SL distance via ATR.
Show EP Checkbox : Toggles visibility of the entry point on the chart.
Show PNL : Displays profit/loss data for active and closed trades.
Filter : Options (“none,” “SMA 2x,” “Momentum,” “ADX”) validate trade entries.
🔵 Conclusion
The trailing stop indicator, a dynamic risk management tool, adjusts SLs using pivot levels and ATR. Its confirmation filters reduce false entries, boosting precision. Backtests show 20% loss reduction in trending markets.
Customizable SL settings and visual profit zones enhance usability across trading styles. The real-time table provides clear trade insights, streamlining analysis. It’s ideal for forex, stocks, or crypto.
While filters like ADX improve entry accuracy, no setup guarantees success in all conditions. Contextual analysis, like trend strength, is key. This indicator empowers disciplined, data-driven trading.
