PROTECTED SOURCE SCRIPT
Pro Signal Suite [LePasha]
Pro Signal Suite [LePasha]
Description:
This advanced signal indicator combines candlestick pattern analysis, RSI momentum, and candle stability metrics to generate precise Buy and Sell signals on your chart.
It identifies bullish and bearish engulfing patterns filtered by candle stability and RSI thresholds, enhanced by price movement comparison over a configurable lookback period.
Designed for clarity and customization, it offers multiple label styles and colors with options to suppress repeating signals for clean chart visualization.
Core Logic:
• Candle Stability Index: Measures the strength of a candle by comparing its body size to its total range (high-low). Higher values indicate more reliable candle formations.
• RSI Filter: Uses the Relative Strength Index (RSI) to identify overbought and oversold market conditions.
• Engulfing Patterns: Detects classic bullish and bearish engulfing candlestick patterns as entry triggers.
• Price Movement Confirmation: Checks price movement over a user-defined number of candles to confirm trend continuation.
• Bar Confirmation: Signals are issued only on confirmed bars to avoid premature alerts.
Inputs:
• Candle Stability Threshold (0-1): Minimum ratio of candle body to range to consider a candle stable.
• RSI Threshold (0-100): RSI cutoff level to identify oversold (for Buy) or overbought (for Sell) conditions.
• Candle Lookback Length (≥3): Number of candles to compare price movement for trend validation.
• Prevent Repeating Signals (true/false): Option to disable multiple consecutive identical signals for cleaner charts.
Visual Settings:
• Label Size: Choose from huge, large, normal, small, or tiny.
• Label Style: Select from text bubble, triangle, or arrow.
• BUY/SELL Label Colors and Text Colors: Fully customizable for personal preference or color schemes.
Usage:
Ideal for traders seeking a simple yet robust entry signal based on price action and momentum indicators.
Can be combined with other tools like Supertrend, VWAP, or EMA for enhanced trading strategies.
Best applied on confirmed bars to reduce noise and false signals.
Limitations:
• Like all indicators, signals are not guaranteed and should be used alongside risk management.
• Best used on liquid markets and suitable timeframes for candlestick pattern reliability.
Description:
This advanced signal indicator combines candlestick pattern analysis, RSI momentum, and candle stability metrics to generate precise Buy and Sell signals on your chart.
It identifies bullish and bearish engulfing patterns filtered by candle stability and RSI thresholds, enhanced by price movement comparison over a configurable lookback period.
Designed for clarity and customization, it offers multiple label styles and colors with options to suppress repeating signals for clean chart visualization.
Core Logic:
• Candle Stability Index: Measures the strength of a candle by comparing its body size to its total range (high-low). Higher values indicate more reliable candle formations.
• RSI Filter: Uses the Relative Strength Index (RSI) to identify overbought and oversold market conditions.
• Engulfing Patterns: Detects classic bullish and bearish engulfing candlestick patterns as entry triggers.
• Price Movement Confirmation: Checks price movement over a user-defined number of candles to confirm trend continuation.
• Bar Confirmation: Signals are issued only on confirmed bars to avoid premature alerts.
Inputs:
• Candle Stability Threshold (0-1): Minimum ratio of candle body to range to consider a candle stable.
• RSI Threshold (0-100): RSI cutoff level to identify oversold (for Buy) or overbought (for Sell) conditions.
• Candle Lookback Length (≥3): Number of candles to compare price movement for trend validation.
• Prevent Repeating Signals (true/false): Option to disable multiple consecutive identical signals for cleaner charts.
Visual Settings:
• Label Size: Choose from huge, large, normal, small, or tiny.
• Label Style: Select from text bubble, triangle, or arrow.
• BUY/SELL Label Colors and Text Colors: Fully customizable for personal preference or color schemes.
Usage:
Ideal for traders seeking a simple yet robust entry signal based on price action and momentum indicators.
Can be combined with other tools like Supertrend, VWAP, or EMA for enhanced trading strategies.
Best applied on confirmed bars to reduce noise and false signals.
Limitations:
• Like all indicators, signals are not guaranteed and should be used alongside risk management.
• Best used on liquid markets and suitable timeframes for candlestick pattern reliability.
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarlo liberamente e senza alcuna limitazione – per saperne di più clicca qui.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarlo liberamente e senza alcuna limitazione – per saperne di più clicca qui.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.