OPEN-SOURCE SCRIPT
NAMAZOV ELSHAD STRONG SİGNAL
Indicator Overview: "1H Precise Breakout with Volume (No MA Line)"
This is a custom TradingView indicator designed for the 1-hour (1H) timeframe, aimed at providing precise and low-risk trading signals without cluttering the chart. It uses a hidden Exponential Moving Average (EMA 34) and volume confirmation to detect breakout opportunities, while also marking trend direction and reversal points.
Purpose: Identifies buy and sell opportunities with reduced false signals.
Key Features:
Hidden EMA (34): A 34-period EMA calculates breakouts but remains invisible to keep the chart clean.
Volume Filter: Signals only appear when volume exceeds its 20-period average by 20%, ensuring strong market momentum.
Trend Direction: Small arrows (green ↑ for bullish, red ↓ for bearish) show the trend based on price relative to the EMA.
Reversal Points: Non-repainting pivot highs (red ▼) and lows (green ▲) mark potential tops and bottoms.
Breakout Signals: "BUY" (lime label) when price crosses above the EMA from a downtrend, and "SELL" (fuchsia label) when price crosses below from an uptrend, both with volume confirmation.
Non-Repainting: Signals are confirmed after a set lookback period (default 5), preventing changes after they appear.
Usage: Ideal for traders who want minimal chart elements and reliable, volume-backed signals on a 1H chart.
This is a custom TradingView indicator designed for the 1-hour (1H) timeframe, aimed at providing precise and low-risk trading signals without cluttering the chart. It uses a hidden Exponential Moving Average (EMA 34) and volume confirmation to detect breakout opportunities, while also marking trend direction and reversal points.
Purpose: Identifies buy and sell opportunities with reduced false signals.
Key Features:
Hidden EMA (34): A 34-period EMA calculates breakouts but remains invisible to keep the chart clean.
Volume Filter: Signals only appear when volume exceeds its 20-period average by 20%, ensuring strong market momentum.
Trend Direction: Small arrows (green ↑ for bullish, red ↓ for bearish) show the trend based on price relative to the EMA.
Reversal Points: Non-repainting pivot highs (red ▼) and lows (green ▲) mark potential tops and bottoms.
Breakout Signals: "BUY" (lime label) when price crosses above the EMA from a downtrend, and "SELL" (fuchsia label) when price crosses below from an uptrend, both with volume confirmation.
Non-Repainting: Signals are confirmed after a set lookback period (default 5), preventing changes after they appear.
Usage: Ideal for traders who want minimal chart elements and reliable, volume-backed signals on a 1H chart.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.