The Phantom Indicator for beginners

The Phantom Indicator is an original software script written in Pine Script for use on the TradingView charting platform. It is designed as a real-time algorithmic trading and technical analysis toolkit that integrates multiple market signals into a unified framework. The work is a compilation of open-source trading concepts, modified and combined in a novel and proprietary manner, resulting in a unique educational tool.

Key features include:

Dynamic background shading based on price relation to the 200-period Exponential Moving Average (EMA)

Multi-timeframe Hull Moving Averages rendered as ribbons to show directional bias

A custom Fair Value Gap (FVG) detection algorithm

ATR-based trailing stop logic, inspired by UT Bot

Visual markers for candlestick rejection patterns, labeled “J. Wick” (bullish) and “Black Widow” (bearish)

Real-time structural pivot recognition, identifying Higher Highs, Lower Lows, and Break of Structure (BOS)

Interactive label alerts, trend-based visuals, and adaptive ribbon overlays

This indicator is intended to train beginner traders to:

Recognize candlestick reversal patterns

Understand trend creation and breakage

Learn to identify market direction using real-time, rule-based logic