StockLeave Pullback

3 giorni fa

StockLeave Pullback
The indicator is designed to locate pullbacks that occur in response to momentum moves. It shows potential pullback setups based on volatility bands, moving average spread conditions and price alignment. It provides a reference without replacement for interpretation.

When price touches or exceeds the outer envelope, constructed from the mean ± ATR multiplier, the bars are colored to reflect directional pressure.

• Blue colors show upward momentum
  
• Red colors show downward momentum
  

This marks a momentum move that could be of interest if a pullback develops.

After a momentum move has been identified, the indicator monitors for one of two standardized pullback conditions:

• A reversion to the mean zone, low threshold ATR around the mean value
  
• A zero-line spread convergence, where the difference between two MA's contracts near zero
  

When either condition is met following a prior momentum move, a triangle is plotted on the chart to indicate that a pullback has occurred. This is limited to one signal per condition for each momentum move.

These visual cues do not imply that an entry should be taken; they simply indicate that a pullback location has been reached in response to a momentum move. Further manual assessment is required to evaluate whether the setup meets structural and contextual criteria.

• Whether the trend structure remains intact
  
• Whether the pullback is controlled
  
• Whether the trade aligns with the broader context
  

If these conditions are met, entries can be made based on a preferred execution pattern, such as a break above or below the prior bar.

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Note di rilascio

New dropdown: Pullback Mode
Controls how triangles are plotted on the chart. Triangles appear when a pullback condition is met in response to a momentum move (i.e., after price pushes outside the envelope):

• None – No triangles plotted; default setting
  
• Mean Zone – Triangle plots when price pulls back into the inner envelope
  
• Zero Line – Triangle plots when the spread between two simple moving averages contracts near zero
  
• Dual – Includes both methods; only one triangle is plotted per cycle (whichever condition is met first)
  

Focused on Continuation
This indicator is made to locate pullbacks within established trends. It does not aim to capture the initiation of a trend structure or reversal phase, as those moves often require more price movement before structure can be confirmed. For this reason, there will be no plots (triangles) in the earlier phase since price will not exceed the envelope.
The better approach for those scenarios is to observe price action in combination with the Momentum H/L indicator, which measures changes in momentum and highlights extremes that could lead to initiation or exhaustion. Keep in mind that initiation phases follow a different trading approach.