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Updated Advanced Pattern Signal Pro
Advanced Pattern Signal Pro
Overview
The Advanced Pattern Signal Pro is a powerful TradingView indicator designed for cryptocurrency traders, optimized for Bitcoin (BTC) and altcoins on timeframes like 1H, 4H, or daily. It combines Exponential Moving Averages (EMAs), RSI, MACD, candlestick patterns, and RSI divergences to generate high-probability buy and sell signals for trend reversals and continuations. Tailored for the volatile crypto market, this indicator filters out noise to help you spot key entry and exit points with confidence.
Key Features
EMA Crossovers: Uses fast (12) and slow (26) EMAs to detect trend changes, with customizable lengths and MA types (EMA/SMA).
RSI Filter: Signals are refined with RSI (default 14) to avoid trades in overbought (>65) or oversold (<35) conditions, perfect for crypto's wild swings.
MACD Confirmation: Integrates the classic 12/26/9 MACD for momentum confirmation, using line crossovers and histogram flips to validate signals.
Candlestick Patterns: Detects Bullish/Bearish Engulfing, Hammer, Shooting Star, and Doji patterns, plotting shapes on the chart for visual clarity.
RSI Divergences: Identifies bullish (price lower low, RSI higher low) and bearish (price higher high, RSI lower high) divergences to catch hidden reversals in ranging markets.
Crypto-Optimized: Tuned for BTC/USDT and altcoins, with adjustable settings to suit scalping, swing trading, or long-term strategies.
Visuals & Alerts: Plots MAs, MACD histogram, RSI subplot, pattern markers, divergence arrows, and clear buy/sell labels. Set custom alerts for real-time notifications.
Overview
The Advanced Pattern Signal Pro is a powerful TradingView indicator designed for cryptocurrency traders, optimized for Bitcoin (BTC) and altcoins on timeframes like 1H, 4H, or daily. It combines Exponential Moving Averages (EMAs), RSI, MACD, candlestick patterns, and RSI divergences to generate high-probability buy and sell signals for trend reversals and continuations. Tailored for the volatile crypto market, this indicator filters out noise to help you spot key entry and exit points with confidence.
Key Features
EMA Crossovers: Uses fast (12) and slow (26) EMAs to detect trend changes, with customizable lengths and MA types (EMA/SMA).
RSI Filter: Signals are refined with RSI (default 14) to avoid trades in overbought (>65) or oversold (<35) conditions, perfect for crypto's wild swings.
MACD Confirmation: Integrates the classic 12/26/9 MACD for momentum confirmation, using line crossovers and histogram flips to validate signals.
Candlestick Patterns: Detects Bullish/Bearish Engulfing, Hammer, Shooting Star, and Doji patterns, plotting shapes on the chart for visual clarity.
RSI Divergences: Identifies bullish (price lower low, RSI higher low) and bearish (price higher high, RSI lower high) divergences to catch hidden reversals in ranging markets.
Crypto-Optimized: Tuned for BTC/USDT and altcoins, with adjustable settings to suit scalping, swing trading, or long-term strategies.
Visuals & Alerts: Plots MAs, MACD histogram, RSI subplot, pattern markers, divergence arrows, and clear buy/sell labels. Set custom alerts for real-time notifications.
Release Notes
Advanced Pattern Signal Pro (Enhanced)Overview
The Advanced Pattern Signal Pro (Enhanced) is a highly customizable TradingView indicator optimized for cryptocurrency trading, particularly Bitcoin (BTC/USDT) on 1H–4H timeframes. Combining Exponential Moving Averages (EMAs), RSI, MACD, candlestick patterns, and RSI divergences, it delivers precise buy and sell signals for trend reversals and continuations in volatile crypto markets. With a semi-transparent trend cloud, intuitive pattern icons, and a dynamic legend, this indicator is both powerful and user-friendly for traders of all levels.
Key Features
Customizable Candlestick Patterns: Toggle nine patterns individually (Hammer, Shooting Star, Bullish/Bearish Engulfing, Doji, Morning/Evening Star, Bullish/Bearish Harami) for signals and plotting. Inside Bar is plotted for visual reference (no signals).
Trend Cloud: Displays a green (bullish) or red (bearish) cloud behind candlesticks to highlight market direction, with adjustable transparency.
EMA Crossovers: Uses fast (12) and slow (26) EMAs for trend detection, customizable to SMAs.
RSI Filter: Signals require RSI below 35 (buy) or above 65 (sell) to avoid overbought/oversold traps.
MACD Confirmation: Integrates 12/26/9 MACD for momentum validation.
RSI Divergences: Detects bullish/bearish divergences for hidden reversal opportunities.
Visual Clarity: Semi-transparent MAs, distinct pattern icons (e.g., square for Hammer, diamond for Doji), bold BUY/SELL labels, and subtle background highlights.
Legend Table: A top-right table explains pattern icons and their signal/visual status, making it easy to understand.
Alerts: Set real-time notifications for buy/sell signals.
How to Use
Add to Chart: Paste the Pine Script (v5) into TradingView’s Pine Editor and apply to BTC/USDT or other crypto pairs.
Add RSI/MACD Panes:
Add TradingView’s RSI (length=14, oversold=35, overbought=65).
Add MACD (fast=12, slow=26, signal=9).
Customize Settings:
Enable/disable specific patterns (e.g., turn off Doji or Harami) to reduce signals or plotting.
Adjust EMA lengths, RSI thresholds, ATR-based body size (minBodySize), or cloud transparency.
Toggle cloud, patterns, divergences, or background highlights.
Set Alerts: Use “Grok Buy Alert” or “Grok Sell Alert” for real-time notifications.
Combine with AI Patterns: Add TradingView’s “All Chart Patterns” for advanced AI-driven patterns (e.g., triangles, wedges).
Risk Management: Use stop-losses (e.g., below recent pivot lows for buys) and risk 1-2% per trade.
Why Choose This Indicator?
Customizable Signals: Fine-tune pattern selection to match your trading style, reducing noise in choppy crypto markets.
Crypto-Optimized: Tuned for BTC’s volatility, with strict filters (ATR-based body size, trend checks) for reliable signals.
Intuitive Visuals: Trend cloud, clear icons, and a legend table make reversals and trends easy to spot.
Flexible: Works across crypto pairs and timeframes, ideal for scalping or swing trading.
Notes
Backtesting: Convert to a strategy (replace indicator with strategy, add entry/exit logic) to test on historical BTC data.
Limitations: No indicator guarantees profits. Combine with support/resistance, volume, or funding rates for best results.
Feedback: Suggest new patterns (e.g., Three White Soldiers) or features in the comments!
Disclaimer
Cryptocurrency trading carries high risk. Past performance is not indicative of future results. Use this indicator as a tool alongside proper risk management.
Happy trading, and may your BTC trades soar! 🚀
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Best Regards
Cryptonologic
Cryptonologic
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Best Regards
Cryptonologic
Cryptonologic
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.