PROTECTED SOURCE SCRIPT
Log % Step Engine
Description:
This indicator is a technical analysis tool designed to filter price noise using a logarithmic percentage-step algorithm. Unlike standard linear indicators, this script calculates price movement in geometric terms, ensuring consistent trend sensitivity across all price levels
How it works:
Logarithmic Logic: The indicator triggers a trend change only after the price moves by a specific percentage, calculated in log space. This is ideal for volatile assets like Bitcoin or growth stocks.
Automated Risk Management: Upon a signal, the script automatically identifies a dynamic Stop-Loss based on recent swing highs/lows and projects three Target Profit levels based on 1:1, 1:2, and 1:3 Reward-to-Risk ratios.
Features:
Adaptive Trend Line (Green for Bullish, Red for Bearish).
Visual Buy/Sell Labels with customizable offsets.
Real-time alerts for trend reversals and TP/SL hits.
Adjustable Target Line length for better chart planning.
Educational Disclosure & Risk Warning:This script is provided for educational purposes only. The signals are generated by a fixed mathematical formula and should not be interpreted as financial advice. Trading involves a high risk of capital loss. This tool is designed to help traders visualize risk management frameworks and should be used as part of a broader, verified trading strategy. Past performance does not guarantee future results.
This indicator is a technical analysis tool designed to filter price noise using a logarithmic percentage-step algorithm. Unlike standard linear indicators, this script calculates price movement in geometric terms, ensuring consistent trend sensitivity across all price levels
How it works:
Logarithmic Logic: The indicator triggers a trend change only after the price moves by a specific percentage, calculated in log space. This is ideal for volatile assets like Bitcoin or growth stocks.
Automated Risk Management: Upon a signal, the script automatically identifies a dynamic Stop-Loss based on recent swing highs/lows and projects three Target Profit levels based on 1:1, 1:2, and 1:3 Reward-to-Risk ratios.
Features:
Adaptive Trend Line (Green for Bullish, Red for Bearish).
Visual Buy/Sell Labels with customizable offsets.
Real-time alerts for trend reversals and TP/SL hits.
Adjustable Target Line length for better chart planning.
Educational Disclosure & Risk Warning:This script is provided for educational purposes only. The signals are generated by a fixed mathematical formula and should not be interpreted as financial advice. Trading involves a high risk of capital loss. This tool is designed to help traders visualize risk management frameworks and should be used as part of a broader, verified trading strategy. Past performance does not guarantee future results.
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarle liberamente e senza alcuna limitazione – ulteriori informazioni qui.
Declinazione di responsabilità
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 responsabilità
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.