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Follow Line [Pro Analysis] - Full
Title: Follow Line [Pro Analysis] - Full Details
Description:
Follow Line [Pro Analysis] is a comprehensive trend-following system designed to simplify market analysis and automate trade setups. By combining Bollinger Bands and ATR (Average True Range), this indicator filters out market noise to visualize the true trend direction with high precision.
This "Pro" version enhances the classic strategy with modern visuals, automatic Risk:Reward calculation, and a real-time status dashboard.
Key Features
1. Smart Trend Detection 📈
Trend Cloud: A dynamic background fill that clearly indicates market sentiment (Teal for Bullish, Red for Bearish).
Noise Filtering: Uses an advanced algorithm to ignore minor price fluctuations, helping you stay in the trend longer.
2. Automated Trade Setups 🚀
Instant Signals: clearly marks BUY and SELL entry points.
Auto-Calculation: Automatically calculates Entry Price, Stop Loss (SL), and Take Profit (TP) levels the moment a signal appears.
Visualized Risk/Reward: Draws precise lines on the chart for TP and SL based on your preferred Risk:Reward Ratio (default is 1:1.5), making execution effortless.
3. Professional Dashboard 📊
A clean, transparent information panel in the top-right corner displays:
Current Trend: (BULLISH / BEARISH)
Current Price: Live market price.
Trailing SL Level: The dynamic support/resistance level to help you manage your trailing stop.
4. Modern Visuals & Alerts 🔔
Bar Coloring: Candles are colored according to the trend for instant visual confirmation.
Clean Interface: Minimalist labels and lines that don't clutter your chart.
Alerts Enabled: Set alerts for "Buy Signal" and "Sell Signal" to never miss a trade.
Settings
ATR & BB Period: Adjust the sensitivity of the trend detection (Default: ATR 5, BB 21).
Risk:Reward Ratio: Set your desired target multiplier (e.g., 1.5 or 2.0).
Visuals: Toggle the Dashboard, Colored Bars, or TP/SL Lines on/off according to your preference.
How to Use
Wait for a Signal: Look for a "BUY" or "SELL" label.
Check the Lines: Use the suggested SL (Red Line) and TP (Green Line) to place your orders.
Ride the Trend: Hold the position as long as the Trend Cloud remains your color, or exit when the price hits your TP.
Disclaimer: This tool is for educational and analytical purposes only. Always manage your risk properly.
Description:
Follow Line [Pro Analysis] is a comprehensive trend-following system designed to simplify market analysis and automate trade setups. By combining Bollinger Bands and ATR (Average True Range), this indicator filters out market noise to visualize the true trend direction with high precision.
This "Pro" version enhances the classic strategy with modern visuals, automatic Risk:Reward calculation, and a real-time status dashboard.
Key Features
1. Smart Trend Detection 📈
Trend Cloud: A dynamic background fill that clearly indicates market sentiment (Teal for Bullish, Red for Bearish).
Noise Filtering: Uses an advanced algorithm to ignore minor price fluctuations, helping you stay in the trend longer.
2. Automated Trade Setups 🚀
Instant Signals: clearly marks BUY and SELL entry points.
Auto-Calculation: Automatically calculates Entry Price, Stop Loss (SL), and Take Profit (TP) levels the moment a signal appears.
Visualized Risk/Reward: Draws precise lines on the chart for TP and SL based on your preferred Risk:Reward Ratio (default is 1:1.5), making execution effortless.
3. Professional Dashboard 📊
A clean, transparent information panel in the top-right corner displays:
Current Trend: (BULLISH / BEARISH)
Current Price: Live market price.
Trailing SL Level: The dynamic support/resistance level to help you manage your trailing stop.
4. Modern Visuals & Alerts 🔔
Bar Coloring: Candles are colored according to the trend for instant visual confirmation.
Clean Interface: Minimalist labels and lines that don't clutter your chart.
Alerts Enabled: Set alerts for "Buy Signal" and "Sell Signal" to never miss a trade.
Settings
ATR & BB Period: Adjust the sensitivity of the trend detection (Default: ATR 5, BB 21).
Risk:Reward Ratio: Set your desired target multiplier (e.g., 1.5 or 2.0).
Visuals: Toggle the Dashboard, Colored Bars, or TP/SL Lines on/off according to your preference.
How to Use
Wait for a Signal: Look for a "BUY" or "SELL" label.
Check the Lines: Use the suggested SL (Red Line) and TP (Green Line) to place your orders.
Ride the Trend: Hold the position as long as the Trend Cloud remains your color, or exit when the price hits your TP.
Disclaimer: This tool is for educational and analytical purposes only. Always manage your risk properly.
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.