OPEN-SOURCE SCRIPT
Stop Getting Whipsawed. Meet Fimathe Elite V40 (State Machine Lo
The trader's biggest enemy isn't the market—it's indecision and market noise. "Should I enter now?", "The price pulled back, should I exit or hold?".
To solve this, I developed Fimathe Elite V40. This is not just a simple indicator; it is a complete Trade Management System based on the renowned Fimathe technique (Reference Channels & Neutral Zones), but armored with institutional-grade algorithms to filter out fake signals.
💡 WHY IS THIS SCRIPT DIFFERENT?
Most indicators repaint or spam "Sell" signals the moment a candle turns red, even during a healthy bullish pullback. Fimathe Elite V40 solves this using a sophisticated State Machine Engine.
1. The "State Machine" Technology (No Noise): The script has "memory". It knows if you are already positioned.
Silence: If you are in a trade, it ignores minor fluctuations. It will NOT spam new signals during a consolidation.
Action: It only alerts you in two specific scenarios: Profit Expansion (Level Breakout) or True Reversal (Close against the Stop Loss).
2. Smart Trend Detection (Linear Regression): Instead of guessing the trend, the script calculates the mathematical slope of the last X bars using Linear Regression.
If the slope is positive = It creates Bullish Channels (Reference Channel on Top).
If the slope is negative = It creates Bearish Channels (Reference Channel on Bottom). This prevents you from trading against the mathematical flow of the market.
3. Visual Trade Management:
Active Stop Loss (Orange Line): A visual floor/ceiling that trails the price. If the price does not close beyond this line, you stay in the trade, ignoring emotional wicks.
Active Target (Green Line): Shows exactly where the next expansion level is.
Full Grid: Automatically projects Level 1, 2, and 3 for roadmap planning.
🚀 HOW TO TRADE:
Wait for the Map: Let the script draw the CR (Reference Channel) and NZ (Neutral Zone) automatically (it skips the volatile opening minutes).
The Signal: Wait for the "BUY (Breakout)" or "SELL (Breakout)" label. This signal appears on the close of the breakout candle.
The Entry: Enter on the violation of that candle's high/low.
The Ride: Follow the Orange Line. As the price conquers new levels, the Stop Loss automatically moves up (Trailing Stop) to lock in profits.
🛡️ Risk Management: This tool is designed to force discipline. It visually shows you that a pullback is not a reversal, keeping you in the trend longer and getting you out immediately when the structure actually breaks.
To solve this, I developed Fimathe Elite V40. This is not just a simple indicator; it is a complete Trade Management System based on the renowned Fimathe technique (Reference Channels & Neutral Zones), but armored with institutional-grade algorithms to filter out fake signals.
💡 WHY IS THIS SCRIPT DIFFERENT?
Most indicators repaint or spam "Sell" signals the moment a candle turns red, even during a healthy bullish pullback. Fimathe Elite V40 solves this using a sophisticated State Machine Engine.
1. The "State Machine" Technology (No Noise): The script has "memory". It knows if you are already positioned.
Silence: If you are in a trade, it ignores minor fluctuations. It will NOT spam new signals during a consolidation.
Action: It only alerts you in two specific scenarios: Profit Expansion (Level Breakout) or True Reversal (Close against the Stop Loss).
2. Smart Trend Detection (Linear Regression): Instead of guessing the trend, the script calculates the mathematical slope of the last X bars using Linear Regression.
If the slope is positive = It creates Bullish Channels (Reference Channel on Top).
If the slope is negative = It creates Bearish Channels (Reference Channel on Bottom). This prevents you from trading against the mathematical flow of the market.
3. Visual Trade Management:
Active Stop Loss (Orange Line): A visual floor/ceiling that trails the price. If the price does not close beyond this line, you stay in the trade, ignoring emotional wicks.
Active Target (Green Line): Shows exactly where the next expansion level is.
Full Grid: Automatically projects Level 1, 2, and 3 for roadmap planning.
🚀 HOW TO TRADE:
Wait for the Map: Let the script draw the CR (Reference Channel) and NZ (Neutral Zone) automatically (it skips the volatile opening minutes).
The Signal: Wait for the "BUY (Breakout)" or "SELL (Breakout)" label. This signal appears on the close of the breakout candle.
The Entry: Enter on the violation of that candle's high/low.
The Ride: Follow the Orange Line. As the price conquers new levels, the Stop Loss automatically moves up (Trailing Stop) to lock in profits.
🛡️ Risk Management: This tool is designed to force discipline. It visually shows you that a pullback is not a reversal, keeping you in the trend longer and getting you out immediately when the structure actually breaks.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.