EB TB V11.5 — Elephant & Tail Bar Detector | Shinobi Lab

The EB TB V11.4 indicator is built to accurately detect Elephant Bars (EB) and Tail Bars (TB), helping traders capture momentum while filtering out false signals.
It combines strict technical validation with visual risk management, so you can trade with structure and discipline.

🔑 Key Features:

Dynamic Moving Averages (8, 20, 200): confirm direction and dominant trend.

Configurable session filter: only shows signals during the most liquid hours.

Clean Average Range: removes outliers to calculate consistent ranges.

200MA Extension Bypass: allows signals when price is stretched far enough from the MA200.

Validated EB/TB signals: strict conditions for bar size, strength and range.

Repetition control: prevents back-to-back duplicate signals.

Auto TP levels: blue lines marking suggested exit targets.

MLPT Risk Box: automatic lot size & $ risk calculation per trade.

Gap & Excess Bar warnings: visual notes when special market conditions are present.

Integrated alerts: instant notification when a new EB/TB signal appears.

This approach makes EB TB V11.4 not just a signal-painting tool, but a complete framework that blends context, risk management, and trading discipline into one indicator.