Fixed Range Based on Inside Closewhich this indicator we will easily able to identify the trend and ranges in market
圖表形態
SGS - Simple Levels V2Paints Simple Levles
Daily,Weekly,Monthly Open
Naked Daily
Naked Weekly
CME Weekend Close
Monday High / Low
Machine Learning + Geometric Moving Average 250/500Indicator Description - Machine Learning + Geometric Moving Average 250/500
This indicator combines password-protected market analysis levels with two powerful Geometric Moving Averages (GMA 250 & GMA 500).
🔒 Password-Protected Custom Levels
Access pre-defined long and short price levels for select assets (crypto, stocks, and more) by entering the correct password in the indicator settings.
Once the correct password is entered, the indicator automatically displays:
Green horizontal lines for long entry zones.
Red horizontal lines for short entry zones.
If the password is incorrect, a warning label will appear on the chart.
📈 Geometric Moving Averages (GMA)
This indicator calculates GMA 250 and GMA 500, two long-term trend-following tools.
Unlike traditional moving averages, GMAs use logarithmic smoothing to better handle exponential price growth, making them especially useful for assets with strong trends (e.g., crypto and tech stocks).
GMA 250 (white line) tracks the medium-term trend.
GMA 500 (gold line) tracks the long-term trend.
⚙️ Customizable & Flexible
Works on multiple assets, including cryptocurrencies, equities, and more.
Adaptable to different timeframes and trading styles — ideal for both swing traders and long-term investors.
This indicator is ideal for traders who want to blend custom support/resistance levels with advanced geometric trend analysis to better navigate both volatile and trending markets.
Engulfing Sweeps - Milana TradesEngulfing Sweeps
The Engulfing Sweeps Candle is a candlestick pattern that:
1)Takes liquidity from the previous candle’s high or low.
2)Fully engulfs previous candles upon closing.
3)Indicates strong buying or selling pressure.
4)Helps determine the bias of the next candle.
Logic Behind Engulfing Sweeps
If you analyze this candle on a lower timeframe, you’ll often see popular models like PO3 (Power of Three) or AMD (Accumulation – Manipulation – Distribution).
Once the candle closes, the goal is to enter a position on the retracement of the distribution phase.
How to Use Engulfing Sweeps?
Recommended Timeframes:
4H, Daily, Weekly – these levels hold significant liquidity.
Personally, I prefer 4H, as it provides a solid view of mid-term market moves.
Step1 - Identify Engulfing Sweep Candle
Step 2-Switch to a lower timeframe (15m or 5m).And you task identify optimal trade entry
Look for an entry pattern based on:
FVG (Fair Value Gap)
OB (Order Block)
FIB levels (0/0.25/0.5/ 0.75/ 1)
Wait for confirmation and take the trade.
Automating with TradingView Alerts
To avoid missing the pattern, you can set up alerts using a custom script. Once the pattern forms, TradingView will notify you so you can analyze the chart and take action. This approch helps me be more freedom
Hourly Candle ShadingShades the first 15m of the hourly candle and then the second half of it (30-16m). Colors are adjustable.
20 EMA Touch Alert [v5]The Focuz 20 EMA Touch Alert is a simple yet powerful tool developed by Focuz to help traders stay alert when the market price touches the 20-period Exponential Moving Average (EMA).
Hacim Analizli Destek-Direnç Stratejisi (Uyarılı)//@version=5
indicator("Hacim Analizli Destek-Direnç Stratejisi (Uyarılı)", overlay=true)
// Parametreler
var float entryPrice = na
var bool inTrade = false
var float takeProfitLevel = na
var float stopLossLevel = na
// Hacim ve Fiyat Hareketi
volumeThreshold = input.float(100000, title="Hacim Eşiği")
priceChangeThreshold = input.float(2.0, title="Fiyat Değişimi Eşiği (%)")
// Destek ve Direnç Seviyeleri
lookbackPeriod = input.int(14, title="Destek/Direnç Periyodu")
supportLevel = ta.lowest(low, lookbackPeriod)
resistanceLevel = ta.highest(high, lookbackPeriod)
// Destek ve Direnç Çizgilerini Çiz
plot(supportLevel, color=color.green, linewidth=2, title="Destek")
plot(resistanceLevel, color=color.red, linewidth=2, title="Direnç")
// Hacim Analizi
volumeDecreaseThreshold = input.float(0.7, title="Hacim Azalma Eşiği (%)")
volumeDecrease = volume < (volume * volumeDecreaseThreshold)
// Yükseliş Hacmi ve Kırılım Tespiti
volumeIncrease = volume > volumeThreshold
priceBreakout = close > resistanceLevel // Direnç seviyesini kırma
// Giriş Koşulu
if (volumeIncrease and priceBreakout and not inTrade)
entryPrice := close
takeProfitLevel := entryPrice * (1 + priceChangeThreshold / 100)
stopLossLevel := entryPrice * (0.98) // %2 stop loss
inTrade := true
label.new(bar_index, low, text="Giriş", style=label.style_circle, color=color.green, textcolor=color.white)
alert("Giriş Sinyali: " + str.tostring(close), alert.freq_once_per_bar)
// Çıkış Koşulu (Kar Alma veya Stop Loss)
if (inTrade)
if (close >= takeProfitLevel)
inTrade := false
label.new(bar_index, high, text="Kar Al", style=label.style_circle, color=color.blue, textcolor=color.white)
alert("Kar Alma Sinyali: " + str.tostring(close), alert.freq_once_per_bar)
else if (close <= stopLossLevel)
inTrade := false
label.new(bar_index, low, text="Stop Loss", style=label.style_circle, color=color.red, textcolor=color.white)
alert("Stop Loss Sinyali: " + str.tostring(close), alert.freq_once_per_bar)
// Hacim Azalma Uyarısı
if (volumeDecrease)
label.new(bar_index, high, text="Hacim Azalıyor", style=label.style_label_down, color=color.orange, textcolor=color.white)
alert("Hacim Azalıyor: " + str.tostring(close), alert.freq_once_per_bar)
// Grafikte Giriş ve Çıkışları Gösterme
plotshape(series=volumeIncrease and priceBreakout, location=location.belowbar, color=color.green, style=shape.labelup, text="Giriş")
plotshape(series=close >= takeProfitLevel, location=location.abovebar, color=color.blue, style=shape.labeldown, text="Kar Al")
plotshape(series=close <= stopLossLevel, location=location.belowbar, color=color.red, style=shape.labeldown, text="Stop Loss")
// Hacim Grafiği
plot(volume, title="Hacim", color=color.blue, style=plot.style_columns)
MohMaayaaa### **Good Trading Habits for Success**
1️⃣ **Have a Trading Plan** – Define your strategy, entry & exit points, and risk management rules before executing trades.
2️⃣ **Risk Management** – Never risk more than **1-2%** of your capital per trade to avoid major losses.
3️⃣ **Use Stop-Loss & Take-Profit** – Protect your trades with stop-loss to limit losses and take-profit to secure gains.
4️⃣ **Position Sizing** – Adjust trade size based on risk, ensuring no single trade can wipe out your account.
5️⃣ **Emotional Discipline** – Avoid revenge trading, overtrading, or making impulsive decisions. Stick to your plan.
6️⃣ **Keep a Trading Journal** – Track your trades, analyze mistakes, and refine your strategy.
7️⃣ **Continuous Learning** – Stay updated with market trends, technical analysis, and improve your strategy over time.
🔹 **Key Rule:** **Survive first, profit later.** Focus on **capital preservation** before chasing big wins. 🚀
Triple EMA with LabelsThis indicator "Triple EMA with Labels", is designed to plot the 8, 21, and 50 period Exponential Moving Averages (EMAs) on the chart. By default, the labels display "8 EMA", "21 EMA", and "50 EMA", positioned slightly above their respective lines for better visibility. Users can customize or remove the label text through the indicator settings, allowing flexibility to suit individual preferences.
Stable Coin Dominance RSI with Proportional + InvertStable Coin Dominance RSI with addition of an Invert checkbox to align direction with pricing.
Upward Divergence with RSI ConfirmationUpward divergence detection. A quick brown fox jumps over the lazy dog.
Cloud of powerPresentation of the "Cloud of Power" Indicator and Strategy for Trading the S&P 500
1. Introduction to the "Cloud of Power" Indicator
The Cloud of Power indicator is designed to help identify areas of support and resistance based on price volume and volatility. It creates a visual cloud that serves as a guide to track market movements and pinpoint areas where price reactions are likely. This tool is particularly effective when combined with an Exponential Moving Average (EMA), adjusted based on the timeframe being analyzed. For example, on a 4-hour chart, a 180 EMA is recommended, but it should be adjusted for other timeframes.
Cloud of Power:
This cloud highlights support and resistance areas based on market dynamics. It helps to predict potential reversals or trend continuations.
Adjusted EMA: The exponential moving average helps confirm the main trend. If the price moves above the EMA, we consider it an uptrend, and if below, a downtrend.
2. Trading Strategy Using the "Cloud of Power" and EMA
This strategy relies on the breakout of the Cloud of Power levels to identify entry and exit opportunities. It helps to anticipate potential support and resistance zones, and adjust stop-loss and gain securing levels accordingly.
Strategy Steps:
Defining the Trend:
If the price moves above the EMA, the trend is bullish. If the price is below the EMA, the trend is bearish.
The Cloud of Power is a visual guide to evaluate support (the cloud's lower boundary) and resistance (the cloud's upper boundary) zones in both scenarios.
Entry Points:
Buy signal: Enter a long (buy) position when the price breaks above the cloud's upper boundary in a bullish trend.
Sell signal: Enter a short (sell) position when the price breaks below the cloud's lower boundary in a bearish trend.
Stop-Loss Placement:
For a buy trade, place the stop-loss just below the cloud's lower boundary, which represents a support level. A break below this level may indicate a weakening bullish trend.
For a sell trade, place the stop-loss just above the cloud's upper boundary, representing resistance. A break above this level may signal the end of the bearish trend.
Take Profit and Position Management:
Profit-taking in this strategy is dynamic. The position is held as long as the price stays in line with the trend defined by the EMA and the cloud.
If the price breaks below the cloud's lower boundary in a bullish trend, we can predict that the most recent high will act as a resistance. It's advisable to monitor this zone for further breakout opportunities to add positions or use these levels to secure future gains.
By gradually adjusting the stop-loss closer to resistance or support zones identified by the cloud, you can protect your profits and secure your position. This approach allows maximizing gains by staying in the trend while limiting the risk of a sudden reversal.
Example of Application (S&P 500 Chart):
In an uptrend, if the price breaks above the cloud's upper boundary with volume confirmation, it signals a buy. The stop-loss should be placed just below the cloud's lower boundary to secure the position.
As long as the price remains above the EMA and the cloud remains bullish, the position is held. If the price breaks below the cloud's lower boundary, the most recent high will likely act as resistance. This zone should be closely monitored for future movements to adjust the stop-loss or take partial profits.
In a downtrend, the opposite logic applies. The price must break below the cloud's lower boundary for a sell, with the stop-loss placed above the upper boundary.
In summary, the Cloud of Power is an excellent visual tool to evaluate support and resistance areas and refine your entry and exit points. By following the trend with the EMA and adjusting your stop-loss according to the levels defined by the cloud, you can maximize profits while minimizing risks.
ChoCh & BOS on XAU/USDsmc ICT MMXT
Explicação do código:
Definição de setores: Aqui, estamos dividindo o gráfico em três setores com base no preço de fechamento, low e high de velas passadas. Podemos modificar esses critérios dependendo do que exatamente o "setor" significa para sua estratégia.
Entradas: A estratégia entra no mercado quando o preço está dentro de cada um dos setores definidos. Usamos a função strategy.entry() para abrir a posição. Cada setor só tem uma entrada por vez.
Saídas (opcional): O código também tem algumas condições de fechamento para ilustrar como você pode encerrar uma posição, como quando o preço atinge certos níveis ou quando ele sai de um setor.
Gerenciamento de Risco:
Stop Loss e Take Profit: Você pode adicionar stop loss ou take profit no código, se necessário. Isso é importante para gerenciar riscos e garantir que a estratégia seja eficiente.
MMXT - Smart Money Concept com Range de 5 MinutosO que o código faz:
Zonas de Liquidez: Identifica zonas de liquidez baseadas em níveis de preço específicos no gráfico de 5 minutos.
Gap de Valor Justo: Detecta gaps de preço e verifica se a diferença entre o preço de fechamento e o preço de abertura é maior que o valor definido em gapSize.
Suporte e Resistência: Calcula e plota os níveis de suporte e resistência.
Sinais de Compra/Venda: Gera sinais de compra (verde) e venda (vermelho) quando as condições de Smart Money Concept são atendidas.
Agora o código deve funcionar corretamente no TradingView sem gerar erros.
MACD and RSI Strategy//@version=6
indicator("MACD and RSI Strategy", shorttitle="MACD_RSI", overlay=true)
// Các tham số của MACD
macdFastLength = input.int(12, title="MACD Fast Length")
macdSlowLength = input.int(26, title="MACD Slow Length")
macdSignalSmoothing = input.int(9, title="MACD Signal Length")
// Các tham số của RSI
rsiLength = input.int(14, title="RSI Length")
rsiOverbought = input.int(70, title="RSI Overbought Level")
rsiOversold = input.int(30, title="RSI Oversold Level")
// Tính toán MACD
= ta.macd(close, macdFastLength, macdSlowLength, macdSignalSmoothing)
macdHist = macdLine - signalLine
// Tính toán RSI
rsiValue = ta.rsi(close, rsiLength)
// Điều kiện mua
longCondition = ta.crossover(macdLine, signalLine) and rsiValue < rsiOversold
// Điều kiện bán
shortCondition = ta.crossunder(macdLine, signalLine) and rsiValue > rsiOverbought
// Tín hiệu mua/bán
plotshape(series=longCondition, title="Buy Signal", location=location.belowbar, color=color.green, style=shape.labelup, text="BUY")
plotshape(series=shortCondition, title="Sell Signal", location=location.abovebar, color=color.red, style=shape.labeldown, text="SELL")
// Vẽ các đường MACD và RSI
plot(macdLine, color=color.blue, title="MACD Line")
plot(signalLine, color=color.orange, title="Signal Line")
hline(0, "Zero Line", color=color.gray)
plot(rsiValue, color=color.purple, title="RSI", style=plot.style_line)
hline(rsiOverbought, "RSI Overbought", color=color.red, linestyle=hline.style_dotted)
hline(rsiOversold, "RSI Oversold", color=color.green, linestyle=hline.style_dotted)
Sweep Detector v2Updates in This Version:
New Condition: Higher Timeframe Body Sweep
- If a candle closes beyond a previous swing high/low and the next candle closes back inside, it is now counted as a sweep.
- This helps detect sweeps that would be visible on a higher timeframe.
Updated Markers and Lines
- The indicator now marks and draws lines for both wick-based and body-based sweeps.
Sweep Detector - Description
The Sweep Detector is a Pine Script indicator designed to identify liquidity sweeps in price action. It detects when price breaks a previous swing high or low but fails to hold above/below that level, signaling potential reversals.
How It Works:
Swing High & Swing Low Detection
- The script identifies swing highs and swing lows based on a simple three-bar pattern.
- A swing high occurs when a candle’s high is higher than both the previous and next candle’s highs.
- A swing low occurs when a candle’s low is lower than both the previous and next candle’s lows.
Wick Sweep Condition
- A high sweep is detected when price wicks above the previous swing high but closes back below it.
- A low sweep is detected when price wicks below the previous swing low but closes back above it.
Visual Indicators
- Red downward markers appear above candles that trigger a high sweep.
- Green upward markers appear below candles that trigger a low sweep.
- Lines are drawn from previous swing levels to the candle that sweeps them for clear visualization.
Use Case:
This indicator helps traders spot potential liquidity grabs, stop hunts, or reversal zones based on price action.
It can be used on various timeframes for scalping, day trading, or swing trading strategies.
Demand/Supply Absorption PatternHey everyone,
I'm publishing this indicator to seek feedback and support from the community.
This indicator is designed to identify, confirm, and send alerts whenever a Demand/Supply absorption pattern appears on the chart.
Core Logic:
Impulse Move – A single candle or a cluster of candles with a strong bullish/bearish move, characterized by a price range and volume significantly exceeding the ATR and average volume. (I've already implemented this logic and highlighted these zones with rectangles.)
Absorption Phase – Following this move, signs of exhaustion in the previous Demand/Supply emerge. These signs can include small-bodied candles like Doji or Inside Bars, combined with low volume, indicating a potential absorption phase.
Breakout Confirmation – Finally, a breakout candle in the opposite direction confirms the reversal after the consolidation phase.
Challenges & Community Support
I've encountered difficulties in fully implementing steps 2 and 3. While detecting strong impulsive moves and sending alerts has already been helpful in tracking potential setups, completing the full pattern requires waiting 3-4 hours (on a 1-hour chart) or even until the next day (on a 4-hour chart). This delay makes it easy to miss potential price movements in real time.
I’d love to get feedback or suggestions from the community to improve this indicator further.
Thanks for your support!
Cheers! 🚀
EMA Crossover Strategy with S/R and Cross Exits v6Was macht diese Strategie?
Diese Strategie kombiniert bewährte technische Indikatoren mit einem robusten Risikomanagement, um klare Kauf- und Verkaufssignale in trendstarken Märkten zu generieren. Sie basiert auf dem Crossover von exponentiellen gleitenden Durchschnitten (EMA) in Kombination mit einem Trendfilter aus dem höheren Zeitrahmen und einem dynamischen Risikomanagement basierend auf der durchschnittlichen True Range (ATR).
Wie funktioniert die Strategie?
Kernsignale:
Kauf: Wenn der EMA5 (kurzfristig) von unten die EMA8 und EMA13 kreuzt.
Verkauf: Wenn der EMA5 von oben die EMA8 und EMA13 kreuzt.
Trendfilter:
Es wird nur gehandelt, wenn der Preis über dem 200-EMA aus dem 1-Stunden-Chart liegt (für Longs) oder darunter (für Shorts). Dies stellt sicher, dass Sie nur in Richtung des übergeordneten Trends handeln.
Risikomanagement:
Dynamischer Stop-Loss: Basierend auf der ATR (durchschnittliche True Range), um die Volatilität des Marktes zu berücksichtigen.
Take-Profit: Ein festgelegtes Risiko-Ertrags-Verhältnis von 1:2, um Gewinne zu sichern und Verluste zu begrenzen.
Positionsgröße: Die Positionsgröße wird basierend auf dem Kontostand und dem Risiko pro Trade angepasst, um das Risiko zu kontrollieren.
Zusätzliche Filter:
RSI-Filter: Es wird nur gekauft, wenn der RSI überverkauft ist (<30), und nur verkauft, wenn der RSI überkauft ist (>70).
Volumenfilter: Es wird nur gehandelt, wenn das aktuelle Volumen über dem Durchschnitt liegt, um sicherzustellen, dass genügend Liquidität vorhanden ist.
Warum diese Strategie?
Einfachheit: Klare Regeln und leicht verständliche Signale.
Anpassungsfähigkeit: Die Strategie passt sich der Marktvolatilität an (dank ATR-basiertem Stop-Loss).
Trendfolge: Durch den Trendfilter aus dem höheren Zeitrahmen werden nur Trades in Richtung des übergeordneten Trends ausgeführt.
Risikokontrolle: Dynamisches Risikomanagement sorgt dafür, dass Verluste begrenzt und Gewinne maximiert werden.
Erfolgschancen
Profitfaktor: Die Strategie zielt auf einen Profitfaktor von mindestens 1,5 ab, was bedeutet, dass die Gewinne die Verluste deutlich übersteigen.
Gewinnwahrscheinlichkeit: Durch die Kombination von Trendfiltern und RSI-Signalen wird die Wahrscheinlichkeit erfolgreicher Trades erhöht.
Backtest-Ergebnisse: In historischen Tests zeigt die Strategie konsistente Ergebnisse in trendstarken Märkten.
Risiken
Seitwärtsmärkte: In trendlosen oder choppigen Märkten kann die Strategie zu häufigen Fehlsignalen führen.
Volatilitätsspitzen: Extreme Marktbewegungen können zu unerwarteten Stop-Loss-Auslösungen führen.
Overfitting: Die Strategie wurde zwar optimiert, aber historische Performance ist keine Garantie für zukünftige Ergebnisse.
Emotionen: Disziplin ist erforderlich, um die Regeln strikt zu befolgen.
Für wen ist diese Strategie geeignet?
Einsteiger: Dank klarer Regeln und einfacher Signale ist die Strategie auch für weniger erfahrene Trader geeignet.
Erfahrene Trader: Die Anpassungsfähigkeit und das Risikomanagement bieten auch fortgeschrittenen Tradern eine solide Grundlage.
Langfristige Anleger: Die Strategie eignet sich für Trader, die auf mittel- bis langfristige Trends setzen möchten.
Warum jetzt buchen?
Sofortige Umsetzbarkeit: Die Strategie ist sofort einsatzbereit und kann in jedem Marktumfeld angewendet werden.
Persönliche Anpassung: Wir passen die Strategie an Ihre individuellen Risikopräferenzen und Handelsziele an.
Unterstützung: Sie erhalten eine detaillierte Anleitung und kontinuierlichen Support, um die Strategie erfolgreich umzusetzen.
Fazit
Diese Strategie bietet eine ausgewogene Mischung aus Einfachheit, Anpassungsfähigkeit und Risikokontrolle. Sie ist ideal für Trader, die eine systematische und regelbasierte Herangehensweise suchen, um in trendstarken Märkten konsistente Gewinne zu erzielen.
Buchen Sie jetzt und starten Sie Ihre Trading-Reise mit einer bewährten und optimierten Strategie! 🚀
NIFTY 50 Reversal Strategy🎯 Entry Rules:
🔴 Bearish Reversal Setup (Short Trade)
🔹 Conditions to Enter a SHORT Trade:
Price hits a strong resistance (Pivot Point, Supply Zone, or Fibonacci 61.8%)
Bearish candlestick confirmation:
Bearish Engulfing
Shooting Star (Long wick on top)
Doji (Indecision) after an uptrend
EMA Crossover: EMA 10 crosses below EMA 50
RSI above 70 (overbought) or shows Bearish Divergence
VWAP Rejection (Price touches VWAP & drops)
Volume Drops or Spikes Bearishly (Volume confirmation)
✅ ENTRY: Enter a SHORT position on the next candle close after confirmation.
🎯 TARGETS:
Target 1: Next Pivot Support or 0.5% drop
Target 2: Fibonacci 50% retracement
Target 3: VWAP Mean Reversion
🛑 STOP-LOSS:
Above the recent swing high / wick (+0.2% buffer)
ATR-based SL for volatility
🟢 Bullish Reversal Setup (Long Trade)
🔹 Conditions to Enter a LONG Trade:
Price hits a strong support (Pivot Point, Demand Zone, or Fibonacci 61.8%)
Bullish candlestick confirmation:
Bullish Engulfing
Hammer / Pin Bar (Long wick at bottom)
Doji (Indecision) at Support
EMA Crossover: EMA 10 crosses above EMA 50
RSI below 30 (oversold) or shows Bullish Divergence
VWAP Support (Price touches VWAP & bounces)
Volume Surge in Bullish Candles
✅ ENTRY: Enter a LONG position on the next candle close after confirmation.
🎯 TARGETS:
Target 1: Next Pivot Resistance or 0.5% rise
Target 2: Fibonacci 50% retracement
Target 3: VWAP Mean Reversion
🛑 STOP-LOSS:
Below the recent swing low / wick (-0.2% buffer)
ATR-based SL for volatility
Dotel Quarter LevelsEste indicador de Pine Script, está diseñado para ayudar a los traders a identificar rápidamente niveles de precios clave en el gráfico. Su función principal es dibujar líneas horizontales en múltiplos de un valor especificado por el usuario, facilitando la visualización de posibles zonas de soporte y resistencia.
Funciones Principales:
Detección de Niveles Múltiplos: El indicador calcula y muestra líneas horizontales en el gráfico que representan múltiplos de un valor numérico definido por el usuario. Por ejemplo, si el usuario introduce 50, el indicador trazará líneas en niveles como 100, 150, 200, etc.
Personalización del Valor Múltiplo: Los usuarios tienen la flexibilidad de introducir cualquier valor numérico como base para los múltiplos, permitiendo adaptar el indicador a diferentes estilos de trading y activos financieros.
Control del Número de Líneas: Además de poder elegir el valor de los múltiplos, el usuario podrá también elegir cuantas lineas quiere que se dibujen por encima y por debajo del precio actual, esto lo hace mas flexible a las necesidades de cada usuario.
Visualización Clara: Las líneas se extienden a lo largo del gráfico, proporcionando una visualización clara y precisa de los niveles de precios relevantes.
Créditos:
Este indicador fue desarrollado por Alex Dotel, un joven programador dominicano apasionado por la creación de herramientas útiles para la comunidad de traders.
Combined Stochastic, ADX & BreakoutTrading 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.
