Buy and Sell with Entry-SL-TP 2.0

Overview: "Buy and Sell with Entry-SL-TP 2.0" is a versatile Pine Script indicator designed for traders across various styles—Scalping, Intraday, Swing Trading, and Positional Trading. This indicator provides clear buy and sell signals on the chart, complete with entry, stop-loss (SL), and take-profit (TP) levels, along with optional in-the-money (ITM) strike price calculations for options trading. It incorporates advanced filtering mechanisms to reduce false signals and enhance trade reliability, making it a powerful tool for traders aiming to optimize their decision-making process.
Key Features:
1. Customizable Trading Styles: Adjusts settings dynamically based on the selected trading style (Scalping/Intraday, Swing Trading, or Positional), tailoring parameters like ALMA for optimal signal generation.
2. AI-Based Trend Filtering: Utilizes an AI-driven false trend filter to ensure signals align with strong market trends, reducing noise and improving accuracy.
3. Noise Reduction Filter: filtering to eliminate false signals during choppy market conditions.
4. Institutional Momentum Indicator: Filters signals based on high volume activity, ensuring alignment with significant market moves often driven by institutional players.
5. Trend Direction Detector: Uses the Average Directional Index to confirm signals in strong trending markets, with a customizable threshold.
6. Gap Control: Avoids generating signals on gap-up or gap-down candles to prevent large stop-losses, with a user-defined gap threshold.
7. Entry, SL, and TP Visualization: Displays entry, stop-loss, and take-profit levels as lines and labels on the chart, with customizable colors, widths, and positions. Supports risk-reward ratios of 1:1, 1:2, or 1:3.
8. Strike Price Calculation: Optionally calculates ITM strike prices for options trading, adjustable via a user-defined strike interval.
9. Trend Meter: Displays trend direction across multiple timeframes (Daily, Weekly, Monthly) using Moving Averages, helping traders align trades with broader market trends.
10. Smart Rebalancer: Plots a level for potential averaging opportunities during positional or investment trades, calculated at a 12.5% downside from the previous low.
11. Flexible Alerts: Allows users to set alerts for specific signal types (BUY, SELL, Reversal Buy, Reversal Sell, or All), enhancing usability for automated trading setups.
How It Helps Traders:
• Enhanced Decision-Making: By combining multiple filters (ALMA, Volume, and gap control), the indicator minimizes false signals, helping traders focus on high-probability setups.
• Visual Clarity: Clear visual cues with customizable entry, SL, and TP lines and labels make it easy to interpret trade setups, even for beginners.
• Versatility: Supports various trading styles, making it suitable for scalpers, day traders, swing traders, and long-term investors.
• Options Trading Support: The ITM strike price feature aids options traders in identifying relevant strike levels for their strategies.
• Multi-Timeframe Trend Analysis: The Trend Meter provides a quick overview of trend direction across higher timeframes, enabling traders to align their trades with the broader market context.
• Risk Management: Customizable risk-reward ratios and stop-loss calculations help traders manage risk effectively, while the gap filter protects against volatile market openings.
• User-Friendly Customization: Extensive input options allow traders to tailor the indicator to their preferences, including enabling/disabling features, adjusting line styles, and selecting alert types.
Disclaimer - The "Buy and Sell with Entry-SL-TP 2.0" indicator is designed solely for study and research purposes. It does not provide buy or sell recommendations. This indicator is intended to serve as a supportive tool for traders to use in alignment with their trading strategies and styles. Any profits or losses incurred from using this indicator are the sole responsibility of the user, and we (the creators of the indicator) are not liable in any way.
Users are advised to use this indicator in conjunction with their own trading strategies, risk management, and independent research. Before making any trading decisions, users should conduct their own analysis, consider market conditions, and consult with a financial advisor if necessary. The decision to use this indicator is entirely at your own discretion and responsibility.