Plain and Simple Pro

Plain and Simple Pro™ Trading Indicator
Overview
Plain and Simple Pro is a comprehensive technical analysis indicator for TradingView that combines multiple trading strategies and visual tools to help identify market opportunities. It uses proprietary smoothing algorithms and volatility-based bands to generate trading signals across different timeframes and market conditions.
Core Components
1. Primary Signal System

Utilizes a custom smoothing algorithm that adapts to market volatility
Displays dynamic support and resistance levels
Color-coded trend visualization (uptrend, downtrend, neutral)
Bullish and bearish zone fills for clearer market structure identification

2. Volatility Band System

Four-tier volatility bands based on ATR (Average True Range)
Uses Fibonacci-based multipliers (0.618, 1.236, 2.618, 4.236)
Generates entry signals when bands crossover:

Long/Short Entry Signals: Band 1-2 crossovers for regular trades
Major Long/Short Signals: Band 3-4 crossovers for significant moves


Optional Heikin Ashi smoothing for cleaner signals

3. Performance Dashboard
Tracks two distinct trading strategies in real-time:

Aggressive Signal Strategy: Fast-moving momentum-based approach

Shows current position (LONG/SHORT/NEUTRAL)
Displays unrealized P&L for active positions


Balanced Strategy: Trend-following system with dynamic moving average

More conservative positioning
Real-time P&L tracking



Dashboard is fully customizable (position, size, visibility)
4. Market Structure Analysis

Order Blocks: Identifies institutional buying/selling zones

Bullish order blocks (demand zones)
Bearish order blocks (supply zones)
Automatically removes invalidated blocks


Trend Lines: Automatically drawn support and resistance trendlines

Uses pivot point detection
Validates slope direction
Extends in real-time



Key Features
Customization Options

Complete color customization for all visual elements
Toggle individual components on/off
Adjustable dashboard position and size
Configurable number of order blocks displayed (1-10)
Trend line sensitivity adjustment

Signal Types

Small triangular markers for regular entry signals
Labeled alerts for major trade opportunities
Visual zone fills to highlight key price areas
Real-time position and P&L tracking

Technical Approach

Multi-timeframe analysis capability
Adaptive algorithms that respond to market volatility
Combines momentum, trend-following, and structure-based analysis
Uses both price action and mathematical indicators

Use Cases

Day Trading: Quick entry/exit signals via band crossovers
Swing Trading: Order blocks and trend lines for position entries
Risk Management: Visual zones help identify stop-loss levels
Strategy Testing: Built-in P&L dashboard for strategy evaluation

Visual Elements

Clean, modern interface with customizable colors
Semi-transparent zone fills for clarity
Multiple layers of information without chart clutter
Professional-grade visual presentation

This indicator is designed for traders who want a comprehensive, all-in-one solution that combines technical analysis, signal generation, and performance tracking in a single, customizable package.