Shadows, by Paragon Signals

昨天

"Shadows" is a momentum indicator with a twist: Instead of reading raw price at face value, it focuses on moves that look more intentional, then measures momentum through a MACD-style lens. It includes filters to avoid getting baited by chop or dead market conditions, a directional state so it doesn’t flip on noise, and a quality score as a quick “is this clean or messy?” check.

Quick use:

a) Check the quality score first: high = cleaner context, low = noise.
b) Follow the directional bias: bullish → favor longs, bearish → favor shorts.
L / S= suggested entry when everything lines up. **XL / XS** = exit when momentum fades or bias flips.
* You can also use the **colored lines** as signals on their own ( blue-longs, red-shorts) —not just the entry/exit markers—since they help you read momentum and direction in real time.
Great for 15m TF (crypto perp)

About me: Quant trader with years in the game, building a new project and using Pine Script as a sandbox/proyect. I’m also a data scientist and Python developer, eat, sleep, and breathe markets is mandatory lol ( jk ). Outside trading, my second passion is football (watching it and playing it).
a = "peace out"
print(a)

昨天

發行說明

Fixed a minor bug,
Disclaimer: This indicator is for educational and informational purposes only. It is not financial advice, investment advice, or a recommendation to buy, sell, or trade any asset. Trading involves risk and you may lose part or all of your capital. You are solely responsible for your decisions.

昨天

發行說明

Added a new formula to improve sintaxis