Strong Economic Events Indicator (mtbr)

This indicator is designed to help traders anticipate market reactions to key economic events and visualize trade levels directly on their TradingView charts. It is highly customizable, allowing precise planning for entries, take-profits, and stop-losses.

Key Features:
Multi-Event Support:
Supports dozens of economic events including ISM Services PMI, CPI, Core CPI, PPI, Non-Farm Payrolls, Unemployment Rate, Retail Sales, GDP, and major central bank rate decisions (Fed, ECB, BOE, BOJ, Australia, Brazil, Canada, China).

Custom Event Date and Time:
Manually set the year, month, day, hour, and minute of the event to match your chart and timezone, ensuring accurate alignment.

Forecast vs Actual Analysis:
Input the forecast and actual values. The indicator calculates the likely market direction (Buy/Sell/Neutral) according to historical market reactions for each event.

Dynamic Trade Levels:
Automatically plots:
Entry price
TP1, TP2, TP3 in pips relative to the entry
Stop Loss in pips relative to the entry
Levels are automatically adjusted based on the event's Buy/Sell direction.

Visual Chart Representation:
Entry: Blue line and label
TP1/TP2/TP3: Green lines and labels
Stop Loss: Red line and label
Event occurrence: Orange dashed vertical line

Informative Table Panel:
Displays at the bottom-right of the chart:
Event name
Entry price
TP1, TP2, TP3 values
Current market direction (Buy/Sell/Neutral)

Customizable Line Extension:
Extend the lines for visibility across multiple bars on the chart.

How to Use the Indicator:
Select the Asset:
Set the Asset to Trade input to the symbol you want to analyze (e.g., XAUUSD, EURUSD).

Choose the Economic Event:
Use the drop-down menu to select the event you want to track.

Set the Event Date and Time:
Input the year, month, day, hour, and minute of the event. This ensures the event lines and labels appear at the correct time on your chart.

Input Forecast and Actual Values:
Enter the forecasted value and the actual result of the event. The script will determine market direction based on historically observed reactions for that event.

Configure Entry and Pip Levels:
Set your Entry Price
Set pip distances for TP1, TP2, TP3, and Stop Loss
The script automatically adjusts the levels according to Buy or Sell direction.

View Levels and Status:
Once the event occurs (or on backtesting), the indicator will plot:
Entry, Take Profits, Stop Loss on the chart
Vertical line for event occurrence
Table summarizing levels and Buy/Sell status

Adjust Line Extension:
Use the Line Extension (bars) input to control how far the horizontal levels extend on the chart.

Example Scenario:
Event: PPI MoM
Forecast: 0.2
Actual: 0.9

The indicator identifies the correct market reaction (Sell for EURUSD) and plots the Entry, TP1, TP2, TP3, and Stop Loss accordingly.

Important Notes:
The indicator does not execute trades automatically; it is for analysis and visualization only.
Always combine the signals with your own risk management and analysis.
Ensure your chart is set to the correct timezone corresponding to the event’s time.
This description fully explains how to use the indicator, what it displays, and step-by-step guidance for beginners and experienced traders