Overview
The Enhanced SMA Signal Box With Targets is a versatile trading indicator designed for scalping any asset or instrument across markets. Combining a 20-period Simple Moving Average (SMA) with ATR-based target levels and advanced filtering options, it provides a streamlined approach to identifying high-probability setups. This tool caters to traders seeking clear signals and adaptive profit targets for fast-paced, disciplined trades.
Key Features
Scalping Focus: Tailored for quick trades on any asset, including indices, forex, commodities, and crypto.
20 SMA-Based Signals: Generates buy/sell signals based on price-SMA crossovers for trend clarity.
Signal Boxes: Highlights entry opportunities with visually distinct yellow boxes.
Adaptive Targets: Plots three ATR-based profit-taking levels for dynamic trade management.
Custom Filters: Refine signals using MACD, RSI, and volume to enhance precision.
Real-Time Alerts: Stay informed with alerts for buy and sell signals.
How It Works
Buy Signal: Triggered when the closing price crosses above the SMA.
Sell Signal: Triggered when the price drops below the SMA.
Profit Targets: Three ATR-based levels guide trade exits dynamically:
Target 1: 1:1 risk-reward based on the signal candle size.
Target 2 & 3: Expanded targets based on ATR.
Customization Options
Adjust SMA settings, colors, and signal visuals for any trading style.
Enable or disable MACD, RSI, and volume filters to suit market conditions.
Personalize target line extensions and colors for improved clarity.
Disclaimer
This indicator is intended for educational purposes only. Trading involves significant risk, including potential loss of capital. Past performance is not indicative of future results. Users should test the indicator and seek advice from licensed professionals before live trading. The author is not liable for any losses incurred. Always trade responsibly.