OPEN-SOURCE SCRIPT
Algo Trend TP — Multi-System Trend Indicator
**Algo Trend TP** is a complete all-in-one trend analysis system that combines several professional tools into one powerful indicator.
It delivers a full multi-layer view of market direction, precise buy/sell signals, and automatic TP & SL levels for smarter trade management.
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#### ⚙️ **Core Components**
1. **Heikin Ashi Visualization**
* Displays smooth Heikin Ashi candles integrated into the chart.
* Dynamic candle coloring based on current trend direction (bullish/bearish).
2. **EMA Trend Cloud**
* Includes 5 EMAs (9, 21, 55, 100, 200, 300).
* Creates a trend “cloud” highlighting direction and strength.
* Automatically changes colors between bullish and bearish phases.
3. **Half Trend Filter**
* Confirms market direction and filters false signals.
* Detects wave shifts and smooths short-term volatility.
4. **SuperTrend + Signal Engine**
* Generates smart **Buy/Sell** signals based on ATR-driven SuperTrend logic.
* Signals are validated by the active EMA trend color for higher accuracy.
5. **TP & SL Auto-Levels**
* Automatically calculates Take Profit and Stop Loss levels using fractal highs/lows.
* Displays target labels and guide lines directly on the chart for clarity.
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#### 🎯 **Key Features**
* Elegant, easy-to-read design for all timeframes.
* Combines short-, medium-, and long-term trend detection.
* Generates highly filtered trade signals with multi-factor confirmation.
* Integrated trade management (TP1, TP2, TP3, and SL).
* Fully customizable color themes and style options.
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#### 💡 **Usage Tips**
* Best used on higher timeframes (1H, 4H, or 1D) for strong, reliable signals.
* Wait for alignment between candle color, EMA cloud, and Half Trend before entering.
* Combine with momentum or volume indicators (e.g., RSI, VWAP) for extra confirmation.
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**By:** *Alrussi*
**Version:** 6.0
**Category:** Trend • Signal • Management
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It delivers a full multi-layer view of market direction, precise buy/sell signals, and automatic TP & SL levels for smarter trade management.
---
#### ⚙️ **Core Components**
1. **Heikin Ashi Visualization**
* Displays smooth Heikin Ashi candles integrated into the chart.
* Dynamic candle coloring based on current trend direction (bullish/bearish).
2. **EMA Trend Cloud**
* Includes 5 EMAs (9, 21, 55, 100, 200, 300).
* Creates a trend “cloud” highlighting direction and strength.
* Automatically changes colors between bullish and bearish phases.
3. **Half Trend Filter**
* Confirms market direction and filters false signals.
* Detects wave shifts and smooths short-term volatility.
4. **SuperTrend + Signal Engine**
* Generates smart **Buy/Sell** signals based on ATR-driven SuperTrend logic.
* Signals are validated by the active EMA trend color for higher accuracy.
5. **TP & SL Auto-Levels**
* Automatically calculates Take Profit and Stop Loss levels using fractal highs/lows.
* Displays target labels and guide lines directly on the chart for clarity.
---
#### 🎯 **Key Features**
* Elegant, easy-to-read design for all timeframes.
* Combines short-, medium-, and long-term trend detection.
* Generates highly filtered trade signals with multi-factor confirmation.
* Integrated trade management (TP1, TP2, TP3, and SL).
* Fully customizable color themes and style options.
---
#### 💡 **Usage Tips**
* Best used on higher timeframes (1H, 4H, or 1D) for strong, reliable signals.
* Wait for alignment between candle color, EMA cloud, and Half Trend before entering.
* Combine with momentum or volume indicators (e.g., RSI, VWAP) for extra confirmation.
---
**By:** *Alrussi*
**Version:** 6.0
**Category:** Trend • Signal • Management
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Script de código aberto
No verdadeiro espirito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam entendê-lo e verificá-lo. Parabéns ao autor Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações e regida pelas Regras da Casa.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.