RelicusRoad - Gold & Bitcoin90% of traders lose money because they do not know what they are doing. They do not have a system in place that works. They do not have a mentor to guide them. They do not have a community to support them. They do not have the right tools to help them make better decisions.
RelicusRoad is the ultimate trading system that will help you make better decisions and become a better trader. It is the result of years of research and development by a team of professional traders who have been in the market for over 10 years.
頻帶和通道
Engulfing Pattern LineThe "Engulfing Pattern Line" is a custom TradingView indicator designed to identify and visualize engulfing candlestick patterns on a price chart, which are commonly used in technical analysis to predict potential reversals or continuations in market trends. This indicator specifically detects bullish and bearish engulfing patterns and draws a line extending from the engulfed candle for a user-defined number of candles.
GX Credit Spread SignalThe GX Credit Spread Signal is an advanced indicator designed for traders who trade options strategies on the SPX index, especially using vertical credit spreads. It combines traditional technical analysis with volatility and option pricing concepts to provide relevant signals and projections on the chart.
Main features:
Trend analysis: Uses opening gap, position relative to VWAP and simple moving average (SMA 50) to indicate bullish or bearish bias right after the first 15-minute candle.
Safe range projection: Calculates a range based on the ATR (Average True Range) multiplied by a safety factor, suggesting potential strikes for credit spreads.
Quantitative estimates:
Calculates the estimated delta of options via the Black-Scholes formula approximation.
Estimated probability of expiring out of the money (OTM).
Chart visualizations: Displays projected ATR lines, previous day's levels (high, low, close) and an informative panel with strikes, delta, OTM probability, ATR and VWAP data.
Configurable alerts: Notifications for detected bullish or bearish bias, helping the trader to identify opportunities quickly.
This indicator is ideal for those who day trade with SPX options, facilitating decision-making by combining technical analysis, volatility and option probabilities in one place.
LinearRegfressionL'indicatore fornisce una semplice regressione lineare dei valori High, Low, Open, Close
Normalized 180-Day RP Change (Z-Score)180 day RP change with less alpha decay, good for picking tops on 1d tf
ASK $🚀 My Exclusive Indicator on TradingView
Carefully designed to capture the best entry and exit opportunities, combining smart analysis with user-friendly simplicity.
Now available only for premium users – message me to get access and have your username added!
BankNifty Auto S/R LevelsAttention BankNifty Option Traders,
Introducing the most accurate indicator which draws precise support and resistance lines automatically. Most important thing is this indicator auto adjusts the levels as the price rises or falls. To check the accuracy and efficacy of these support and resistance, change the time frame to 1H. You will be astonished to see its precision.
Thank you.
Breakout & Retest ZonesDraw out the resistance and support line to help you know when it will break out base on the moverment of 2 simple line.
🎯 Tongo_EntryИндикатор предназначен для отображения точки входа в позицию на графике инструмента. Также запрашивает вид входа (лонг/шорт). Автообновление при вводе следующих данных
The indicator is designed to display the entry point for a position on the instrument’s chart. It also prompts for the type of entry (long/short). Automatically updates when new input data is entered
Repeating Trend HighlighterThis custom indicator helps you see when the current price trend is similar to a past trend over the same number of candles. Think of it like checking whether the market is repeating itself.
You choose three settings:
• Lookback Period: This is how many candles you want to measure. For example, if you set it to 10, it looks at the price change over the last 10 bars.
• Offset Bars Ago: This tells the indicator how far back in time to look for a similar move. If you set it to 50, it compares the current move to what happened 50 bars earlier.
• Tolerance (%): This is how closely the moves must match to be considered similar. A smaller number means you only get a signal if the moves are almost the same, while a larger number allows more flexibility.
When the current price move is close enough to the past move you picked, the background of your chart turns light green. This makes it easy to spot repeating trends without studying numbers manually.
You’ll also see two lines under your chart if you enable them: a blue line showing the percentage change of the current move and an orange line showing the change in the past move. These help you compare visually.
This tool is useful in several ways. You can use it to confirm your trading setups, for example if you suspect that a strong rally or pullback is happening again. You can also use it to filter trades by combining it with other indicators, so you only enter when trends repeat. Many traders use it as a learning tool, experimenting with different lookback periods and offsets to understand how often similar moves happen.
If you are a scalper working on short timeframes, you can set the lookback to a small number like 3–5 bars. Swing traders who prefer daily or weekly charts might use longer lookbacks like 20–30 bars.
Keep in mind that this indicator doesn’t guarantee price will move the same way again—it only shows similarity in how price changed over time. It works best when you use it together with other signals or market context.
In short, it’s like having a simple spotlight that tells you: “This move looks a lot like what happened before.” You can then decide if you want to act on that information.
If you’d like, I can help you tweak the settings or combine it with alerts so it notifies you when these patterns appear.
Bollinger Bands ±2σ & ±3σBollinger Band 2 & 3 standard deviation, clubbed together, so that you can take trade on BKP & BKT.
// This Pine Script plots Bollinger Bands with both ±2σ and ±3σ levels for enhanced volatility analysis.
// Users can customize the moving average type, length, and standard deviation multipliers directly in the settings.
// The indicator overlays a shaded ±2σ region and semi-transparent ±3σ bands to highlight extreme price movements.
EMA34/89/200 (Văn Nam)This indicator displays three widely-used Exponential Moving Averages (EMAs): 34, 89, and 200 periods.
It is designed to help traders easily follow the market trend and spot potential momentum changes using EMA crossovers.
Features:
• Plots EMA34 (blue), EMA89 (green), and EMA200 (red) directly on your chart.
• Highlights crossovers between EMA34 & EMA89 (purple/orange) and between EMA89 & EMA200 (green/red).
• Includes built-in alert conditions for all crossover events.
Developed by Văn Nam.
Free to use and share.
For feedback or collaboration, please contact me.
Simple EMA34/89/200 (by Lê Văn Nam)This simple indicator displays three key Exponential Moving Averages (EMA): EMA34, EMA89, and EMA200.
It helps you identify trends and spot potential momentum shifts based on classic EMA crossovers.
Features:
- Plots EMA34 (blue), EMA89 (green), and EMA200 (red) on the chart.
- Marks EMA34 crossing above or below EMA89 (purple/orange cross).
- Marks EMA89 crossing above or below EMA200 (green/red cross).
- Built-in alert conditions for all cross events.
Developed by Lê Văn Nam.
Feel free to use and share. For suggestions or feedback, please contact me.
EMA Shadow Trading_TixThis TradingView indicator, named "EMA Shadow Trading_Tix", combines Exponential Moving Averages (EMAs) with VWAP (Volume-Weighted Average Price) and a shadow fill between EMAs to help traders identify trends, momentum, and potential reversal zones. Below is a breakdown of its key functions:
1. EMA (Exponential Moving Average) Settings
The indicator allows customization of four EMAs with different lengths and colors:
EMA 1 (Default: 9, Green) – Short-term trend filter.
EMA 2 (Default: 21, Red) – Medium-term trend filter.
EMA 3 (Default: 50, Blue) – Mid-to-long-term trend filter.
EMA 4 (Default: 200, Orange) – Long-term trend filter (often used as a "bull/bear market" indicator).
Key Features:
Global EMA Source: All EMAs use the same source (default: close), ensuring consistency.
Toggle Visibility: Each EMA can be independently shown/hidden.
Precision Calculation: EMAs are rounded to the minimum tick size for accuracy.
Customizable Colors & Widths: Helps in distinguishing different EMAs easily.
How Traders Use EMAs:
Trend Identification:
If price is above all EMAs, the trend is bullish.
If price is below all EMAs, the trend is bearish.
Crossovers:
A shorter EMA crossing above a longer EMA (e.g., EMA 9 > EMA 21) suggests bullish momentum.
A shorter EMA crossing below a longer EMA (e.g., EMA 9 < EMA 21) suggests bearish momentum.
Dynamic Support/Resistance:
EMAs often act as support in uptrends and resistance in downtrends.
2. Shadow Fill Between EMA 1 & EMA 2
The indicator includes a colored fill (shadow) between EMA 1 (9-period) and EMA 2 (21-period) to enhance trend visualization.
How It Works:
Bullish Shadow (Green): Applies when EMA 1 > EMA 2, indicating a bullish trend.
Bearish Shadow (Red): Applies when EMA 1 < EMA 2, indicating a bearish trend.
Why It’s Useful:
Trend Confirmation: The shadow helps traders quickly assess whether the short-term trend is bullish or bearish.
Visual Clarity: The fill makes it easier to spot EMA crossovers and trend shifts.
3. VWAP (Volume-Weighted Average Price) Integration
The indicator includes an optional VWAP overlay, which is useful for intraday traders.
Key Features:
Customizable Anchor Periods: Options include Session, Week, Month, Quarter, Year, Decade, Century, Earnings, Dividends, Splits.
Hide on Higher Timeframes: Can be disabled on 1D or higher charts to avoid clutter.
Adjustable Color & Width: Default is purple, but users can change it.
How Traders Use VWAP:
Mean Reversion: Price tends to revert to VWAP.
Trend Confirmation:
Price above VWAP = Bullish bias.
Price below VWAP = Bearish bias.
Breakout/Rejection Signals: Strong moves away from VWAP may indicate continuation or exhaustion.
4. Practical Trading Applications
Trend-Following Strategy:
Long Entry: Price above all EMAs + EMA 1 > EMA 2 (green shadow). Optional: Price above VWAP for intraday trades.
Short Entry: Price below all EMAs + EMA 1 < EMA 2 (red shadow). Optional: Price below VWAP for intraday trades.
Mean Reversion Strategy:
Pullback to EMA 9/21/VWAP: Look for bounces near EMAs or VWAP in a strong trend.
Multi-Timeframe Confirmation:
Higher timeframe EMAs (50, 200) can be used to filter trades (e.g., only trade longs if price is above EMA 200).
Conclusion
This EMA Shadow Trading Indicator is a versatile tool that combines:
✔ Multiple EMAs for trend analysis
✔ Shadow fill for quick trend visualization
✔ VWAP integration for intraday trading
It is useful for swing traders, day traders, and investors looking for trend confirmation, momentum shifts, and dynamic support/resistance levels.
Volume MAs Oscillator | Lyro RSVolume MAs Oscillator | Lyro RS
Overview
The Volume MAs Oscillator is a powerful volume‑adjusted momentum tool that combines custom‑weighted moving averages on volume‑weighted price with smoothed deviation bands. It offers dynamic insights into trend direction, overbought/oversold conditions, and relative valuation — all within a single indicator
Key Features
Volume‑Adjusted Moving Averages: Moving averages can be volume‑weighted using the following formula: a moving average of (Price × Volume) divided by a moving average of Volume. This formula is applied across more than 14 different moving averages; however, it is not used with the VWMA, as VWMA is inherently a volume-weighted moving average.
Percentage Oscillator: Displays the normalized difference: (source – MA) / MA * 100, centered around zero for easy interpretation of strength and direction.
Deviation Bands: Builds upper and lower bands from standard deviation of the oscillator over a selected lookback, with distinct positive/negative multipliers and optional smoothing to reduce noise.
Inputs: Band Length, Band Smoothing, Positive Band Multiplier, Negative Band Multiplier.
Multi‑Mode Signal System:
1. Trend Mode – Colors oscillator according to breaks above (bullish) or below (bearish) respective bands.
2. Reversion Mode – Inverses color logic: signals overextensions beyond bands as reversion opportunities, greys inside the bands.
3. Valuation Mode – Applies a gradient color scale (UpC ⇄ DnC) to reflect relative valuation strength.
Customizable Visuals: Select from 5 pre‑set palettes—Classic, Mystic, Major Themes, Accented, Royal—or define your own custom bullish/bearish colors.
Chart enhancements include color‑coded oscillator line, deviation bands, glow‑effect midline at zero, background shading and candlestick/bar coloring aligned to signal mode.
Built‑In Signals: Automatically plots ▲ oversold and ▼ overbought markers upon crosses of lower/upper bands (in trend or reversion modes), enhancing signal clarity.
How It Works
MA Calculation – Applies the selected MA type to price × volume (normalized by MA of volume) or direct VWMA.
Oscillator Output – Calculates the % difference of source vs. derived MA.
Band Construction – Computes rolling standard deviation; applies user‑defined multipliers; smooths bands with exponential blending.
Mode-Dependent Coloring & Signals –
• Trend: Highlights strength trends via band cross coloring.
• Reversion: Flags extremes beyond bands as potential pullbacks.
• Valuation: Uses gradient to reflect oscillator’s position relative to recent range.
Signal Markers – Deploys arrows and color rules to flag overbought (▼) or oversold (▲) conditions when bands are breached.
Practical Use
Trend Confirmation – In Trend Mode, use upward price_diff cross above upper band as bullish; downward cross below lower band as bearish.
Mean Reversion – In Reversion Mode, fading extremes beyond bands may precede a retracement.
Relative Valuation – Valuation Mode shines when assessing how extended price_diff is, with gradient colors indicating valuation zones.
Bars/candles color‑coded to oscillator state boosts clarity of market tone and allows for rapid visual scanning.
Customization
Adjust MA type/length to tune responsiveness vs. smoothing.
Configure band settings for volatility sensitivity.
Toggle between signal modes for trend-following or reversion strategies.
Stylish visuals: pick or customize color schemes to match your chart setup.
⚠️Disclaimer
This indicator is a tool for technical analysis and does not provide guaranteed results. It should be used in conjunction with other analysis methods and proper risk management practices. The creators of this indicator are not responsible for any financial decisions made based on its signals.
Sarim Breakout Strategy with Position Size and Stop LossThis strategy is based on breakouts using ATR with Position Size and Stop loss based upon risk
RSI.HSRSI.HS.
هذا المؤشر RSI محدث مع امكانيه اضافة اكثر من مستوي تشبع
"This RSI indicator is updated with the ability to add multiple overbought and oversold levels."
Multi-Tool Indicator v6This is a versatile technical analysis tool designed to help traders quickly assess market trends and momentum. It combines a customizable Moving Average (MA) with Relative Strength Index (RSI) signals to highlight key market conditions directly on the chart.
🔧 Key Features:
Configurable Moving Average (MA):
Supports SMA (Simple Moving Average) and EMA (Exponential Moving Average).
User-defined length to match your strategy.
Plotted directly on the price chart for trend tracking.
RSI-Based Signal Detection:
Uses RSI to detect overbought (above 70) and oversold (below 30) conditions.
Plots red/green triangle shapes above/below bars when these conditions occur.
Background Highlighting:
Changes chart background to red when overbought and green when oversold to improve visual clarity.
Alerts for Key RSI Events:
Alerts can be triggered when RSI enters overbought or oversold zones.
Useful for automated strategy notifications.
MA Value Labels:
A label shows the current value of the MA near the most recent bar.
Pseudo Renko-Linie + TurtleTrader S&R (TradingFrog)📊 Pseudo Renko + TurtleTrader S&R Indicator - Complete Analysis
🎯 Overview: What is this Indicator?
This Pine Script v6 indicator combines two powerful trading concepts:
🧱 Pseudo-Renko System - Filters market noise through artificial Renko blocks
🐢 TurtleTrader Support & Resistance - Identifies precise resistance lines and generates trading signals
⚠️ IMPORTANT: This is a PSEUDO-Renko System, not real Renko charts! The indicator simulates Renko logic on normal candlestick charts.
🧱 The Pseudo-Renko System in Detail
What is Pseudo-Renko?
Not a real Renko chart, but a simulation on normal candles
Filters market noise through defined box sizes
Generates clear trend signals without time factor
Visualizes price movements in uniform blocks
🔧 Renko Block Functions:
📈 Upward Blocks:
Kopieren
if close >= renko + boxsize
renko := renko + boxsize
dir := 1 // Upward trend
📉 Downward Blocks:
Kopieren
if close <= renko - boxsize
renko := renko - boxsize
dir := -1 // Downward trend
🎨 Visual Representation:
Green Blocks = Upward movement
Red Blocks = Downward movement
Dynamic Renko Line = Current trend level
Configurable transparency and borders
🐢 TurtleTrader Support & Resistance System
What are Turtle Lines?
The TurtleTrader method uses separate Renko logic to calculate:
Support Lines (support levels)
Resistance Lines (resistance levels)
🔍 Separate Renko Calculation for S&R:
// SEPARATE Turtle-Renko with own box size
turtle_boxsize = 15 // Independent from main Renko size
📊 Dual-Level System:
🔴 Major Support & Resistance:
Calculation: Highest/Lowest values of last 20 Renko blocks
Usage: Main resistance lines for larger movements
Color: Red (resistance) / Green (support)
🟡 Minor Support & Resistance:
Calculation: Highest/Lowest values of last 10 Renko blocks
Usage: Short-term resistance lines
Color: Orange (resistance) / Blue (support)
🚨 Signal Generation System
💥 Breakout Signals:
📈 Resistance Breakout:
resistanceBreakout = close > prev_resistance_major and close <= prev_resistance_major
Trigger: Price breaks through resistance line upward
Signal: "BREAKOUT RESISTANCE ↗"
Color: Lime/Green
📉 Support Breakdown:
supportBreakout = close < prev_support_major and close >= prev_support_major
Trigger: Price breaks through support line downward
Signal: "BREAKDOWN SUPPORT ↘"
Color: Red
👆 Touch Signals:
Resistance Touch: Price approaches resistance
Support Touch: Price approaches support
Tolerance: Configurable zone around S&R lines
🎯 Intelligent Filtering:
if use_renko_filter
resistanceBreakout := resistanceBreakout and dir == 1
supportBreakout := supportBreakout and dir == -1
Only signals in Renko trend direction are displayed!
🌈 S&R Zone System
What are S&R Zones?
Areas around resistance lines instead of just exact lines
Realistic representation of support/resistance
Configurable width (% of box size)
🎨 Zone Visualization:
Major Zones: Thicker, less transparent areas
Minor Zones: Thinner, more transparent areas
Color Coding: Red/Green for Major, Orange/Blue for Minor
📊 Live Dashboard Features
📈 Real-time Market Data:
// Distance to resistance
rDistance = ((resistance_major - close) / close) * 100
// Distance to support
sDistance = ((close - support_major) / close) * 100
🎯 Dashboard Contents:
Major Resistance/Support Values
Percentage distances to S&R lines
Turtle Box Size (currently used)
S&R Periods (Entry/Exit)
Current Renko Trend (Up/Down/Neutral)
Breakout Statistics (Total count)
🚨 Warning System:
Orange coloring when distance <1% to S&R lines
Trend display with arrows and colors
⚙️ Configuration Options
🧱 Renko Settings:
Box Size: 10 (default for main Renko)
Maximum Blocks: 1000
Colors: Up/Down configurable
Transparency: Individually adjustable
🐢 Turtle Parameters:
Separate Box Size: 15 (for S&R calculation)
Entry Period: 20 (Major S&R)
Exit Period: 10 (Minor S&R)
🎨 Visual Customizations:
Line Colors: All elements individually
Line Widths: 1-10 pixels
Line Styles: Solid/Dashed/Dotted
Transparency: 0-100% for all elements
🎯 Practical Application
📈 Long Signals:
Renko Trend: Upward (green blocks)
Signal: "BREAKOUT RESISTANCE ↗"
Confirmation: Price above Major Resistance
📉 Short Signals:
Renko Trend: Downward (red blocks)
Signal: "BREAKDOWN SUPPORT ↘"
Confirmation: Price below Major Support
⚠️ Caution Signals:
Touch Labels: Price approaches S&R
Orange Distances: <1% to important levels
Trend Change: Renko direction changes
🔥 Unique Strengths
💡 Dual-Renko System:
Main Renko: For trend and visualization
Turtle Renko: For precise S&R calculation
Independent box sizes for optimal adaptation
🎯 Precise Signals:
Trend-filtered breakouts
Touch detection before breakouts
Statistical evaluation
📊 Professional Appearance:
Fully customizable
Clear dashboard
Consistent color coding
🚀 Key Features Summary
🧱 Pseudo-Renko Core:
Simulates Renko logic on candlestick charts
Noise filtering through box-based price movements
Visual blocks showing trend direction
Dynamic trend line following Renko levels
🐢 TurtleTrader S&R Engine:
Separate calculation logic for support/resistance
Dual timeframe approach (Major/Minor levels)
Automatic level updates based on Renko blocks
Zone-based analysis instead of exact lines
🚨 Advanced Signal System:
Breakout detection with trend confirmation
Touch alerts for early warnings
Statistical tracking of all signals
Intelligent filtering to reduce false signals
📊 Professional Dashboard:
Real-time market metrics
Distance calculations to key levels
Trend status with visual indicators
Customizable positioning and styling
🎯 Trading Strategy Integration
📈 Entry Strategies:
Breakout Trading:
Wait for Renko trend confirmation
Look for breakout signal above/below S&R
Enter on signal with appropriate risk management
Use opposite S&R as profit target
Reversal Trading:
Watch for touch signals at S&R levels
Confirm with Renko trend change
Enter on trend reversal confirmation
Use tight stops below/above S&R zones
📉 Risk Management:
S&R zones provide natural stop levels
Distance indicators help with position sizing
Trend confirmation reduces false entries
Statistical tracking improves strategy refinement
🔧 Technical Implementation
🧮 Calculation Engine:
Kopieren
// Dual Renko systems running in parallel
var float renko = na // Main visualization
var float turtle_renko = na // S&R calculation
// Independent box sizes
boxsize = 10 // Visual Renko
turtle_boxsize = 15 // S&R Renko
📊 Data Management:
Array-based storage for historical S&R levels
Dynamic memory management to prevent overflow
Efficient calculation updates only on Renko changes
Real-time plotting with optimized performance
🎨 Rendering System:
Box objects for visual Renko blocks
Plot functions for S&R lines and zones
Label system for signals and touches
Table widget for dashboard display
🚀 Conclusion
This indicator represents advanced trading technology that:
✅ Implements Pseudo-Renko logic for noise filtering
✅ Uses TurtleTrader methodology for precise S&R lines
✅ Generates intelligent signals with trend filtering
✅ Offers complete customization for any trading style
✅ Provides professional visualization with live dashboard
✅ Combines multiple timeframes in one coherent system
✅ Delivers actionable insights for both breakout and reversal trading
This is trading technology at its finest! 🎯💪
The combination of Pseudo-Renko trend filtering with TurtleTrader S&R methodology creates a powerful tool that helps traders:
Identify high-probability setups
Filter out market noise
Time entries and exits precisely
Manage risk effectively
Track performance systematically
Perfect for both novice and professional traders! 📈🚀
Trend Tracker ProTrend Tracker Pro - Advanced Trend Following Indicator
Overview
Trend Tracker Pro is a sophisticated trend-following indicator that combines the power of Exponential Moving Average (EMA) and Average True Range (ATR) to identify market trends and generate precise buy/sell signals. This indicator is designed to help traders capture trending moves while filtering out market noise.
🎯 Key Features
✅ Dynamic Trend Detection
Uses EMA and ATR-based bands to identify trend direction
Automatically adjusts to market volatility
Clear visual trend line that changes color based on market direction
✅ Precise Signal Generation
Buy signals when trend changes to bullish
Sell signals when trend changes to bearish
Reduces false signals by requiring actual trend changes
✅ Visual Clarity
Green trend line: Bullish trend
Red trend line: Bearish trend
Gray trend line: Sideways/neutral trend
Triangle arrows for buy/sell signals
Clear BUY/SELL text labels
✅ Customizable Settings
Trend Length: Adjustable period for EMA and ATR calculation (default: 14)
ATR Multiplier: Controls sensitivity of trend bands (default: 2.0)
Show/Hide Signals: Toggle signal arrows on/off
Show/Hide Labels: Toggle text labels on/off
✅ Built-in Information Panel
Real-time trend direction display
Current trend level value
ATR value for volatility reference
Last signal information
✅ TradingView Alerts
Buy signal alerts
Sell signal alerts
Customizable alert messages
🔧 How It Works
Algorithm Logic:
1.
Calculate EMA: Uses exponential moving average for trend baseline
2.
Calculate ATR: Measures market volatility
3.
Create Bands: Upper band = EMA + (ATR × Multiplier), Lower band = EMA - (ATR × Multiplier)
4.
Determine Trend:
Price above upper band → Bullish trend (trend line = lower band)
Price below lower band → Bearish trend (trend line = upper band)
Price between bands → Continue previous trend
5.
Generate Signals: Signal occurs when trend direction changes
📊 Best Use Cases
✅ Trending Markets
Excellent for capturing strong directional moves
Works well in both bull and bear markets
Ideal for swing trading and position trading
✅ Multiple Timeframes
Effective on all timeframes from 15 minutes to daily
Higher timeframes provide more reliable signals
Can be used for both scalping and long-term investing
✅ Various Asset Classes
Stocks, Forex, Cryptocurrencies, Commodities
Particularly effective in volatile markets
Adapts automatically to different volatility levels
⚙️ Recommended Settings
Conservative Trading (Lower Risk)
Trend Length: 20
ATR Multiplier: 2.5
Best for: Long-term positions, lower frequency signals
Balanced Trading (Default)
Trend Length: 14
ATR Multiplier: 2.0
Best for: Swing trading, moderate frequency signals
Aggressive Trading (Higher Risk)
Trend Length: 10
ATR Multiplier: 1.5
Best for: Day trading, higher frequency signals
🎨 Visual Elements
Trend Line: Main indicator line that follows the trend
Signal Arrows: Triangle shapes indicating buy/sell points
Text Labels: Clear "BUY" and "SELL" text markers
Information Table: Real-time status panel in top-right corner
Color Coding: Intuitive green/red color scheme
⚠️ Important Notes
Risk Management
Always use proper position sizing
Set stop-losses based on ATR values
Consider market conditions and volatility
Not recommended for ranging/sideways markets
Signal Confirmation
Consider using with other indicators for confirmation
Pay attention to volume and market structure
Be aware of major news events and market sessions
Backtesting Recommended
Test the indicator on historical data
Optimize parameters for your specific trading style
Consider transaction costs in your analysis
