Setup 123 - Yuri

5 giorni fa

Setup 123 - Yuri

This indicator detects reversal opportunities based on the classic 3-candle price action structure, widely known as the “123 Setup”.

✅ Features:
Buy signal (123 bottom): Higher low structure.

Sell signal (123 top): Lower high structure.

Optional volume filter: Only shows signals with volume above the 20-period average.

Optional EMA trend filter: Allows custom EMA confluence by selecting any two EMAs.

Context zones (Long/Short): Visually highlight trend-favorable areas and restrict signals to them when enabled.

Built-in alerts: Compatible with individual alert conditions and Any alert() function call.

Confirmation candle control: Option to require bullish candle for buy signals or bearish candle for sell signals.

Perfect for traders looking to capture reversals with structured confirmation and flexible filtering. All parameters can be customized to suit your trading strategy.

5 giorni fa

Note di rilascio

Setup 123 - Yuri

This indicator automatically detects classic reversal patterns known as "123 bottoms" and "123 tops", using two complementary approaches for signal filtering: EMA Confluence Mode and Monster Mode.

🔧 EMA Confluence Mode (enabled by default)
This mode lets you define two EMAs (e.g., Fast and Long) to filter trades according to trend direction:

Buy signals are shown only when EMA A is above EMA B (bullish bias).

Sell signals appear only when EMA A is below EMA B (bearish bias).

This favors entries that follow the dominant trend.

🧠 Monster Mode (structure-based filtering)
When Monster Mode is enabled, signals must meet stricter structural conditions:

Buy signals (123 bottom) require:

The low of any candle in the pattern to be below the Medium or Long EMA;

And the Short EMA to be above the Medium EMA.

Sell signals (123 top) require:

The high of any candle in the pattern to be above the Medium or Long EMA;

And the Short EMA to be below the Medium EMA.

Monster Mode aims to enhance signal quality by enforcing structural and contextual alignment.

⚠️ IMPORTANT: When using Monster Mode, it is highly recommended to also check the box “Ignore EMA Trend Filter” to avoid overlapping filters that could unnecessarily block valid signals.

📌 Features:
4 customizable EMAs (Fast, Short, Medium, Long);

Ready-to-use alerts for buy and sell signals;

Automatic detection and visual marking of patterns;

Clean, organized interface grouped by functionality.

A simple yet powerful tool for traders who value structure-based signals and trend context alignment.