OPEN-SOURCE SCRIPT
Pro Trading Signals - Trend + S/R + Risk
// ============================================
// PROFESSIONAL TRADING STRATEGY NOTES
// ============================================
// === WHAT THIS STRATEGY DOES ===
// 1. TREND ANALYSIS: Uses multiple EMAs (9, 21, 50, 200) to identify trend direction
// 2. SUPPORT/RESISTANCE: Automatically detects key price levels
// 3. RISK MANAGEMENT: Calculates stop loss and take profit with 2:1+ R:R ratio
// 4. SIGNAL SCORING: Only trades high-quality setups (60/100+ score)
// 5. ENTRY TYPES: Pullbacks, support/resistance bounces, breakouts
// === KEY IMPROVEMENTS FROM BASIC SIGNALS ===
// ✓ Trend alignment required (no counter-trend trades)
// ✓ Support/resistance confirmation
// ✓ Volume and momentum filters
// ✓ Automatic stop loss and take profit levels
// ✓ Signal quality scoring (filters out weak signals)
// ✓ Risk:Reward ratio enforcement (minimum 2:1)
// ✓ Volatility filter (avoids choppy markets)
// PROFESSIONAL TRADING STRATEGY NOTES
// ============================================
// === WHAT THIS STRATEGY DOES ===
// 1. TREND ANALYSIS: Uses multiple EMAs (9, 21, 50, 200) to identify trend direction
// 2. SUPPORT/RESISTANCE: Automatically detects key price levels
// 3. RISK MANAGEMENT: Calculates stop loss and take profit with 2:1+ R:R ratio
// 4. SIGNAL SCORING: Only trades high-quality setups (60/100+ score)
// 5. ENTRY TYPES: Pullbacks, support/resistance bounces, breakouts
// === KEY IMPROVEMENTS FROM BASIC SIGNALS ===
// ✓ Trend alignment required (no counter-trend trades)
// ✓ Support/resistance confirmation
// ✓ Volume and momentum filters
// ✓ Automatic stop loss and take profit levels
// ✓ Signal quality scoring (filters out weak signals)
// ✓ Risk:Reward ratio enforcement (minimum 2:1)
// ✓ Volatility filter (avoids choppy markets)
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.