Combined Stochastic, ADX & Breakout

Trading View Indicator Explanation
Entry Signal Logic
This indicator identifies two specific buying opportunities during an uptrend following a correction:
Entry Signal #1 - Post-Correction Breakout

Wait for price to establish an uptrend above EMA9
Look for at least one lower high (correction)
Entry trigger: Breakout above the previous candle's high
Stop loss: Place below the most recent swing low

Entry Signal #2 - Strong Trend Correction

Requires a blue triangle marker above the candle (on closing basis)
Must occur during a strong uptrend (confirmed by high ADX reading)
Requires a deep technical correction (measured by Stochastic)
Entry conditions:

Price must be above EMA9
Current candle must break above previous candle's high


Stop loss: Place below the most recent swing low

Notes

Sell signals have been removed to reduce chart clutter
Recommended exit strategy: Sell at new swing highs
The second signal specifically filters for stronger trend conditions

Technical Indicators Used

EMA9: Trend direction filter
Stochastic: Measures depth of correction
ADX: Confirms strength of uptrend
Price action: Candle high/low relationships

This is designed to catch continuation moves in established uptrends after healthy corrections, emphasizing high-probability entries with clearly defined stop levels.