OPEN-SOURCE SCRIPT
SIOVERSE Signals With TP/SL
Fractal Support/Resistance with EMA 100, Buy/Sell Signals, and TP/SL
This indicator identifies fractal-based support and resistance levels while incorporating EMA 100 as a trend filter. It generates buy and sell signals based on price crossing EMA 20 high/low, ensuring alignment with the overall trend.
Key Features:
Fractal Support & Resistance: Plots dashed lines at key levels.
EMA 100 Filter: Helps identify the primary trend.
Buy/Sell Signals: Based on price breaking EMA 20 with trend confirmation.
Take Profit & Stop Loss Levels: Automatically calculates TP1 (1:1.5), TP2 (1:3), and TP3 (1:5) based on risk-reward ratios.
Break Detection: Removes signals if price hits SL and marks "Break" on the chart.
Ideal for traders looking to combine trend-following strategies with fractal-based support/resistance levels for better trade management.
This indicator identifies fractal-based support and resistance levels while incorporating EMA 100 as a trend filter. It generates buy and sell signals based on price crossing EMA 20 high/low, ensuring alignment with the overall trend.
Key Features:
Fractal Support & Resistance: Plots dashed lines at key levels.
EMA 100 Filter: Helps identify the primary trend.
Buy/Sell Signals: Based on price breaking EMA 20 with trend confirmation.
Take Profit & Stop Loss Levels: Automatically calculates TP1 (1:1.5), TP2 (1:3), and TP3 (1:5) based on risk-reward ratios.
Break Detection: Removes signals if price hits SL and marks "Break" on the chart.
Ideal for traders looking to combine trend-following strategies with fractal-based support/resistance levels for better trade management.
Script de código aberto
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Você pode favoritá-lo para usá-lo em um gráfico.
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