Nehan indicator 777

📌 Indicator Description (English)

This indicator is designed with one clear goal:
to aggressively reduce counter-trend signals during strong trends.

The core logic is based on a simple ATR trailing stop to detect trend reversals.
On top of that, EMA and RSI filters are applied to strictly select
only the situations where signals truly make sense.

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🔹 Logic Overview

1) ATR Trailing Stop
 • Detects early trend reversals
 • Sensitivity can be adjusted according to market volatility

2) EMA Trend Filter
 • Bullish: EMA20 > EMA50 AND price above EMA20
 • Bearish: EMA20 < EMA50 AND price below EMA20
→ Filters out range markets and counter-trend setups

3) RSI Filter (Length 9)
 • Long: RSI above 55
 • Short: RSI below 45
→ Signals are allowed only when momentum supports the trend

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🔹 Best Market Conditions

✔ Strong trending markets
✔ Pullback / retracement entries in trend direction
✔ Traders who want fewer but higher-quality signals

Note: Signal frequency is intentionally reduced during ranging markets.

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🔹 Recommended For
 • Traders who feel that “signals appear, but many fail”
 • Those who want to use EMA and RSI as clear rules, not intuition
 • Traders aiming to reduce discretion and improve consistency

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This indicator evolves step by step (① → ② → ③),
and Version ② offers the best balance between filtering and opportunity for real trading conditions.