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Protrading Exponential Trend
Protrading Exponential Trend — Pine Script Indicator
Overview:
The Protrading Exponential Trend is a dynamic trend-following indicator designed to help traders identify market direction and potential entry zones using Exponential Moving Averages (EMAs). By analyzing price action in relation to adaptive EMA channels, this tool highlights trend strength and possible reversal signals, making it ideal for both scalping and swing trading strategies.
Core Features:
🔄 EMA Channel Visualization:
The indicator plots a channel based on high, low, and close EMAs, which expands and contracts with volatility to reflect trend dynamics.
🟢🟡 Signal Arrows:
Buy and sell arrows appear when price action confirms momentum breakout beyond the EMA envelope with strong candlestick bodies.
🧠 Smart Trade Levels:
Automatically generates Entry, Stop Loss (SL), and up to three Take Profit (TP1, TP2, TP3) levels based on customizable risk-reward ratios.
📊 Trend Zone Background:
Displays shaded trend zones (EMA cloud) in real time to visually guide traders through trending and ranging phases.
⚙️ Customizable Parameters:
Adjustable EMA length, TP/SL ratios, and other risk controls to suit individual strategies and market conditions.
Overview:
The Protrading Exponential Trend is a dynamic trend-following indicator designed to help traders identify market direction and potential entry zones using Exponential Moving Averages (EMAs). By analyzing price action in relation to adaptive EMA channels, this tool highlights trend strength and possible reversal signals, making it ideal for both scalping and swing trading strategies.
Core Features:
🔄 EMA Channel Visualization:
The indicator plots a channel based on high, low, and close EMAs, which expands and contracts with volatility to reflect trend dynamics.
🟢🟡 Signal Arrows:
Buy and sell arrows appear when price action confirms momentum breakout beyond the EMA envelope with strong candlestick bodies.
🧠 Smart Trade Levels:
Automatically generates Entry, Stop Loss (SL), and up to three Take Profit (TP1, TP2, TP3) levels based on customizable risk-reward ratios.
📊 Trend Zone Background:
Displays shaded trend zones (EMA cloud) in real time to visually guide traders through trending and ranging phases.
⚙️ Customizable Parameters:
Adjustable EMA length, TP/SL ratios, and other risk controls to suit individual strategies and market conditions.
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開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。