ALRais Gold Indicator

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🔍 What Does the AlRais Gold Indicator Do?

The AlRais Gold Indicator is a custom technical analysis tool built for TradingView using Pine Script. It is designed to help traders identify high-probability buy and sell opportunities based on market structure, Fibonacci retracement levels, and dynamic stop loss and take profit targets.

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🧠 Key Features of the AlRais Gold Indicator:
1. Trend Break Detection:
• The indicator detects when a trendline (based on highs and lows) is broken.
• After the trendline is broken, it waits for a retest of the broken level to confirm a potential entry zone.
2. Entry Zone (Buy/Sell Zone):
• When the trendline is broken and retested successfully:
• A Buy Zone is drawn (blue rectangle) if it’s a bullish breakout.
• A Sell Zone is drawn (red rectangle) for a bearish breakout.
• These zones are based on Fibonacci levels (50%–61.8%) and serve as optimal entry areas.
• Inside the zone, a label like “Buy Zone” or “Sell Zone” is displayed.
3. Dynamic Stop Loss (SL):
• A stop loss level is calculated dynamically:
• For buy setups: SL is placed just below the last swing low.
• For sell setups: SL is above the last swing high.
• A red label “SL” with the price appears at this level.
4. Take Profit Targets (TP1–TP4):
• The indicator automatically calculates four target levels based on Fibonacci

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ALRais Gold Indicator (Clean) — How It Works

This indicator uses a trend-following method based on price action and an internal volatility measure () to identify buy and sell zones on the chart. It calculates an uptrend and downtrend line dynamically, switching between them depending on price movement.
• Trend Identification:
• When the price moves above the downtrend line, the indicator switches to a bullish trend.
• When the price falls below the uptrend line, it switches to a bearish trend.
• Buy and Sell Signals:
• A Buy signal appears when the trend switches from bearish to bullish.
• A Sell signal appears when the trend switches from bullish to bearish.
• Entry Zones:
• Colored zones appear on the chart representing potential areas to enter buy or sell trades.
• These zones are shaded green for buys and red for sells, helping you visually identify favorable entry points.
• Targets (TP1 to TP4):
• The indicator internally calculates four profit targets for each trade.
• These targets are shown as labels named “TP1” through “TP4” above or below the price, without showing any numbers or values.
• Stop Loss (SL):
• A stop loss level is calculated and displayed as a red label “SL” near the trend line.
• This stop loss adjusts automatically based on recent price action and the trend direction.
• Visuals Only:
• The indicator does not display any numeric ATR values or exact price levels for targets or stop loss.
• Instead, it focuses on clear visual cues: colored zones, labels, and trend lines.
• User Controls:
• You can toggle the visibility of buy/sell signals, targets, stop loss, and zone highlighting.
• Parameters like the sensitivity of the trend and zone height are adjustable in the settings.

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This makes the indicator clean and focused on actionable visual guidance without cluttering the chart with numbers or technical details.

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