Nehan indicator XXX

📌 Indicator Description (English)

This indicator is an ATR-based trend indicator with an EMA filter,
specifically designed to enter only during active trends.

It aggressively filters out ranging markets and counter-trend signals,
focusing exclusively on price movements with strong continuation potential.

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🔹 Indicator Features

✅ ATR-Based Trend Detection
 • Automatically identifies bullish and bearish trends based on
the relationship between price and the ATR trailing stop
 • BUY / SELL signals are generated at trend reversal points

✅ EMA Trend Filter
 • Uses EMA20 and EMA50
 • Bullish trend:
EMA20 > EMA50 AND price above EMA20
 • Bearish trend:
EMA20 < EMA50 AND price below EMA20
→ Suppresses signals that go against the dominant trend

✅ False Signal Reduction
 • Dual filtering with ATR × EMA
 • Reacts only when a clear trend is present,
significantly reducing noise during range-bound markets

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🔹 Recommended For
 • Traders who struggle with trend-following
 • Those who can’t clearly identify pullbacks or retracements
 • Traders who often counter-trade during strong trends
 • Anyone looking for a clear directional filter for discretionary trading

→ Can also be used as a “confirmation tool” for entry direction.

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🔹 Suggested Usage
 • Trend-following on 5-minute / 15-minute charts
 • Combine with pullbacks to EMA20 or EMA50
 • Accuracy improves when used alongside
Ichimoku Cloud or higher-timeframe market structure

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⚠️ Disclaimer
 • This indicator is not a standalone holy grail
 • Market context (trend vs range) must always be considered
 • Best used as a support tool for discretionary trading,
rather than a fully automated entry system