Signals By RootKit

What the Script Does (Summary):
🚀 Trade Entries:
Detects trend reversals using a custom volatility-based channel breakout system:

If price breaks below an upper channel, it signals a downtrend.

If price breaks above a lower channel, it signals an uptrend.

Uses momentum shifts (CMO) and RSI to detect support and resistance conditions (e.g., oversold/overbought pivot areas).

Enters:

Long (buy) when an uptrend begins.

Short (sell) when a downtrend begins.

🛑 Trade Exits:
Uses configurable exit strategies, selectable by the user:

ATR-based: Targets based on a multiple of ATR.

Percentage-based: Fixed percent profit/loss from entry.

Fixed offset: Static price distance for TP/SL.

📊 Visual Elements:
Draws entry, stop loss, and take profit lines and labels them on the chart.

Displays signal shapes (circles and labeled triangles) at buy/sell points.

Plots a colored cloud (EMA-based) that changes color based on MACD direction/strength.

Draws regression-like visual zones for trade clarity.

📈 Additional Tools and Features:
Alerts: Alerts trigger on every buy/sell signal.

Prevents overlapping positions (optional).

Trade Statistics Table: Displays total trades, wins, losses, and win rate on the chart.

⚙️ Customizable Inputs:
Trend Sensitivity: Adjusts how tight or loose the breakout detection is.

TP/SL Method: Switch between ATR, % or fixed-point risk management.

Cloud visibility & Signal Labels: Toggle visual aids on/off.

MACD-enhanced cloud coloring for trend confirmation.

💡 Use Case:
Ideal for traders looking for a turnkey trend-reversal strategy with built-in risk control, dynamic trade management, and clear visuals. Suitable for futures, indices, or forex on timeframes like 5m–1h.