OPEN-SOURCE SCRIPT

Momentum SNR VIP [INDICATOR ONLY]

75
//version=6
indicator("Momentum SNR VIP [INDICATOR ONLY]", overlay=true)

// === Inputs ===
lookback = input.int(20, "Lookback for S/R", minval=5)
rr_ratio = input.float(2.0, "Risk-Reward Ratio", minval=0.5, step=0.1)

// === SNR Detection ===
pivotHigh = ta.pivothigh(high, lookback, lookback)
pivotLow = ta.pivotlow(low, lookback, lookback)

supportZone = not na(pivotLow)
resistanceZone = not na(pivotHigh)

plotshape(supportZone, title="Support", location=location.belowbar, color=color.blue, style=shape.triangleup, size=size.tiny)
plotshape(resistanceZone, title="Resistance", location=location.abovebar, color=color.red, style=shape.triangledown, size=size.tiny)

// === Price Action ===
bullishEngulfing = close[1] < open[1] and close > open and close > open[1] and open <= close[1]
bearishEngulfing = close[1] > open[1] and close < open and close < open[1] and open >= close[1]

bullishPinBar = close < open and (low - math.min(open, close)) > 1.5 * math.abs(close - open)
bearishPinBar = close > open and (high - math.max(open, close)) > 1.5 * math.abs(close - open)

buySignal = supportZone and (bullishEngulfing or bullishPinBar)
sellSignal = resistanceZone and (bearishEngulfing or bearishPinBar)

// === SL & TP ===
buySL = low - 10
buyTP = close + (close - buySL) * rr_ratio
sellSL = high + 10
sellTP = close - (sellSL - close) * rr_ratio

// === Plot Signals
plotshape(buySignal, title="Buy Signal", location=location.belowbar, color=color.green, style=shape.labelup, text="BUY")
plotshape(sellSignal, title="Sell Signal", location=location.abovebar, color=color.red, style=shape.labeldown, text="SELL")

plot(buySignal ? buySL : na, title="Buy SL", color=color.red, style=plot.style_linebr, linewidth=1)
plot(buySignal ? buyTP : na, title="Buy TP", color=color.green, style=plot.style_linebr, linewidth=1)
plot(sellSignal ? sellSL : na, title="Sell SL", color=color.red, style=plot.style_linebr, linewidth=1)
plot(sellSignal ? sellTP : na, title="Sell TP", color=color.green, style=plot.style_linebr, linewidth=1)

// === Labels (Fixed)
if buySignal
label.new(x=bar_index, y=buySL, text="SL : " + str.tostring(buySL, "#.00"), style=label.style_label_down, color=color.red, textcolor=color.white)
label.new(x=bar_index, y=buyTP, text="TP 1 : " + str.tostring(buyTP, "#.00"), style=label.style_label_up, color=color.green, textcolor=color.white)

if sellSignal
label.new(x=bar_index, y=sellSL, text="SL : " + str.tostring(sellSL, "#.00"), style=label.style_label_up, color=color.red, textcolor=color.white)
label.new(x=bar_index, y=sellTP, text="TP 1 : " + str.tostring(sellTP, "#.00"), style=label.style_label_down, color=color.green, textcolor=color.white)

// === Alerts
alertcondition(buySignal, title="Buy Alert", message="🟢 BUY at Support Zone + Price Action")
alertcondition(sellSignal, title="Sell Alert", message="🟡 SELL at Resistance Zone + Price Action")

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