Trend Signals with TP & SL [DeeEyeCrypto]

The script you provided is a Pine Script strategy for TradingView designed to generate trend signals with take profit (TP) and stop loss (SL) levels. It identifies buy and sell signals based on trend continuation and visualizes these signals on the TradingView chart. Here's a detailed breakdown of its components and functionality:

Inputs and Parameters
Source (src): The input source for price data, typically set to the average of high and low prices (hl2).
Sensitivity (Multiplier): A float input to adjust the sensitivity of trend detection, ranging from 0.5 to 5.
ATR Length (atrPeriods): The length for calculating the Average True Range (ATR), with a default value of 10.
ATR Calculation Methods (atrCalcMethod): A string input to choose between two ATR calculation methods.
Cloud Moving Average Length (cloud_val): The length for the moving average used in the cloud visualization, with a default value of 10.
Stop Loss Percent (stopLossVal): A float input for defining the stop loss percentage, where 0 disables the stop loss.
Show Buy/Sell Signals (showBuySellSignals): A boolean input to toggle the display of buy and sell signals.
Show Cloud MA (showMovingAverageCloud): A boolean input to toggle the display of the moving average cloud.
Utility Functions
percent: A function to calculate the percentage of a numerator over a denominator.
Momentum Calculations
Hull Moving Averages (HMA): Calculates two HMAs based on the open and close prices.
Change Momentum (CMO): Computes the change momentum for trend detection.
Pivot Calculations: Identifies the highest and lowest pivots over a specified period.
RSI Calculation
Relative Strength Index (RSI): Computes the RSI over a 9-period length.
Support and Resistance Conditions
sup: Identifies support conditions based on the RSI and CMO.
res: Identifies resistance conditions based on the RSI and CMO.
ATR Calculations
atr: Computes the ATR using either Method 1 (default ta.atr) or Method 2 (ta.sma).
Trend Detection
up and dn: Calculates upper and lower bounds using the ATR and sensitivity multiplier.
trend: Determines the current trend (1 for uptrend, -1 for downtrend).
buySignal and sellSignal: Identifies buy and sell signals based on trend changes.
Position Management
pos: Manages the current position (1 for long, -1 for short).
entryOfLongPosition and entryOfShortPosition: Stores the entry prices for long and short positions.
stopLossForLong and stopLossForShort: Calculates stop loss levels for long and short positions.
takeProfitForLong1R, takeProfitForShort1R, etc.: Calculates various take profit levels (1R, 2R, 3R) for long and short positions.
long_sl and short_sl: Checks if stop loss conditions are met for long and short positions.
takeProfitForLongFinal and takeProfitForShortFinal: Checks if final take profit conditions are met for long and short positions.
Plotting and Visualization
plot_high and plot_low: Plots the moving average cloud based on the chosen length.
plotshape: Plots buy and sell signals on the chart.
fill: Fills the cloud area based on MACD conditions to visualize trends.
Alerts
alertcondition: Sets up alert conditions for trend direction changes.
alertLongText and alertShortText: Constructs alert messages for buy and sell signals.
alert: Sends alerts based on long and short conditions.
Summary
This script provides a comprehensive strategy for identifying and visualizing trend continuation signals on TradingView. It includes features for setting take profit and stop loss levels, plotting signals and trends, and sending alerts for trade opportunities. The script is highly customizable with various input parameters, allowing users to adjust sensitivity, ATR calculation methods, and visualization options to suit their trading preferences.