PROTECTED SOURCE SCRIPT
Trader Otto - Christmas Tree - Indicator [BackBox]
🎄 Trader Otto - Christmas Tree - Indicator [BackBox]
This is a premium visual intelligence suite designed for precision trading. It combines the statistical power with the Pearson Correlation (R-Value) to filter market noise and identify high-probability reversal zones.
Unlike standard regression tools, the "Christmas Tree" uses an adaptive Neon Coloring System that changes based on trend intensity and direction, giving you instant visual feedback on market conditions.
🚀 Key Features:
đź“Š Statistical Core: Uses a 75-period to define the "Fair Price" (Mean) and statistical extremes (Standard Deviation).
✨ Pearson R Filter: The background logic calculates the R-Value to distinguish between Strong Trends (Bull/Bear) and Choppy/Sideways markets.
🎨 Adaptive Neon Visuals:
Cyan/Electric Purple: Strong Trend (High R-Value).
Orange/Soft Purple: Neutral/Weak Trend.
Gray: Sideways/Consolidation.
🖥️ Pro Dashboard: A clean, informative panel displaying the current R-Value, Trend Status (BULL/BEAR/FLAT), and Trading Zones (BUY/SELL) in real-time.
đź”” Clear Signals: Non-repainting text signals ("BUY"/"SELL") appear when price rejects the outer bands with statistical confirmation.
How to Use:
Trend Identification: Look at the candle colors. Bright Neon means momentum is strong.
Entries: Wait for the price to touch the outer bands (Buy/Sell Zones).
Confirmation: Enter when a "BUY" or "SELL" text signal appears, indicating the price has rejected the extreme and is reverting to the mean.
Settings:
Period & Deviation: Customizable to fit any asset or timeframe.
Visual Toggles: Turn on/off lines, dashboard, or text signals to keep your chart clean.
This is a premium visual intelligence suite designed for precision trading. It combines the statistical power with the Pearson Correlation (R-Value) to filter market noise and identify high-probability reversal zones.
Unlike standard regression tools, the "Christmas Tree" uses an adaptive Neon Coloring System that changes based on trend intensity and direction, giving you instant visual feedback on market conditions.
🚀 Key Features:
đź“Š Statistical Core: Uses a 75-period to define the "Fair Price" (Mean) and statistical extremes (Standard Deviation).
✨ Pearson R Filter: The background logic calculates the R-Value to distinguish between Strong Trends (Bull/Bear) and Choppy/Sideways markets.
🎨 Adaptive Neon Visuals:
Cyan/Electric Purple: Strong Trend (High R-Value).
Orange/Soft Purple: Neutral/Weak Trend.
Gray: Sideways/Consolidation.
🖥️ Pro Dashboard: A clean, informative panel displaying the current R-Value, Trend Status (BULL/BEAR/FLAT), and Trading Zones (BUY/SELL) in real-time.
đź”” Clear Signals: Non-repainting text signals ("BUY"/"SELL") appear when price rejects the outer bands with statistical confirmation.
How to Use:
Trend Identification: Look at the candle colors. Bright Neon means momentum is strong.
Entries: Wait for the price to touch the outer bands (Buy/Sell Zones).
Confirmation: Enter when a "BUY" or "SELL" text signal appears, indicating the price has rejected the extreme and is reverting to the mean.
Settings:
Period & Deviation: Customizable to fit any asset or timeframe.
Visual Toggles: Turn on/off lines, dashboard, or text signals to keep your chart clean.
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarle liberamente e senza alcuna limitazione – ulteriori informazioni qui.
Declinazione di responsabilitĂ
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarle liberamente e senza alcuna limitazione – ulteriori informazioni qui.
Declinazione di responsabilitĂ
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.