OPEN-SOURCE SCRIPT
Beginner Trading Assistant (Educational)

🔍 Overview
The Beginner Trading Assistant is an educational indicator designed to help new traders understand core market concepts in a structured and visual way.
This indicator does not predict the market.
Instead, it teaches traders how to:
Identify trend direction
Confirm momentum strength
Recognize simple market structure breaks
Understand volatility conditions
It combines multiple basic tools into one simplified learning system.
🧠 How The Indicator Works
The indicator combines 4 core components:
1️⃣ Trend Detection (EMA 50 & EMA 200)
Two Exponential Moving Averages are used:
EMA 50 → Short-term trend
EMA 200 → Long-term trend
Trend Logic:
If EMA 50 > EMA 200 → Uptrend
If EMA 50 < EMA 200 → Downtrend
Visual Help:
Green background → Uptrend
Red background → Downtrend
This teaches beginners to trade with the trend instead of against it.
2️⃣ Momentum Confirmation (RSI)
The Relative Strength Index (RSI 14) measures momentum strength.
RSI above 55 → Bullish momentum
RSI below 45 → Bearish momentum
RSI between 45–55 → Weak / sideways momentum
This helps beginners understand that:
Trend alone is not enough.
Momentum must also confirm direction.
3️⃣ Market Structure Break
The indicator detects swing highs and swing lows.
A structure break occurs when:
Price closes above the previous swing high → Bullish structure break
Price closes below the previous swing low → Bearish structure break
This teaches traders to wait for confirmation instead of guessing entries.
4️⃣ Volatility Awareness (ATR)
ATR (Average True Range) measures market volatility.
Higher ATR:
Larger candle movement
Wider stop losses required
Lower ATR:
Smaller movements
Tighter risk management possible
This helps beginners understand why stop loss size should adjust to volatility.
📊 When Signals Appear
A bullish setup appears only when:
✔ Trend is Up (EMA 50 > EMA 200)
✔ RSI confirms bullish momentum
✔ Price breaks previous swing high
A bearish setup appears only when:
✔ Trend is Down (EMA 50 < EMA 200)
✔ RSI confirms bearish momentum
✔ Price breaks previous swing low
This multi-layer confirmation teaches patience and discipline.
🎓 What Beginners Learn
This indicator is structured to teach:
Trend-following logic
Momentum confirmation
Structure-based entries
Volatility-based awareness
Avoiding emotional trading
It encourages waiting for confluence instead of random entries.
⚠ Important Notes
This indicator is for educational purposes.
It does not guarantee profits.
It should be used with proper risk management.
Always test strategies before live trading.
The Beginner Trading Assistant is an educational indicator designed to help new traders understand core market concepts in a structured and visual way.
This indicator does not predict the market.
Instead, it teaches traders how to:
Identify trend direction
Confirm momentum strength
Recognize simple market structure breaks
Understand volatility conditions
It combines multiple basic tools into one simplified learning system.
🧠 How The Indicator Works
The indicator combines 4 core components:
1️⃣ Trend Detection (EMA 50 & EMA 200)
Two Exponential Moving Averages are used:
EMA 50 → Short-term trend
EMA 200 → Long-term trend
Trend Logic:
If EMA 50 > EMA 200 → Uptrend
If EMA 50 < EMA 200 → Downtrend
Visual Help:
Green background → Uptrend
Red background → Downtrend
This teaches beginners to trade with the trend instead of against it.
2️⃣ Momentum Confirmation (RSI)
The Relative Strength Index (RSI 14) measures momentum strength.
RSI above 55 → Bullish momentum
RSI below 45 → Bearish momentum
RSI between 45–55 → Weak / sideways momentum
This helps beginners understand that:
Trend alone is not enough.
Momentum must also confirm direction.
3️⃣ Market Structure Break
The indicator detects swing highs and swing lows.
A structure break occurs when:
Price closes above the previous swing high → Bullish structure break
Price closes below the previous swing low → Bearish structure break
This teaches traders to wait for confirmation instead of guessing entries.
4️⃣ Volatility Awareness (ATR)
ATR (Average True Range) measures market volatility.
Higher ATR:
Larger candle movement
Wider stop losses required
Lower ATR:
Smaller movements
Tighter risk management possible
This helps beginners understand why stop loss size should adjust to volatility.
📊 When Signals Appear
A bullish setup appears only when:
✔ Trend is Up (EMA 50 > EMA 200)
✔ RSI confirms bullish momentum
✔ Price breaks previous swing high
A bearish setup appears only when:
✔ Trend is Down (EMA 50 < EMA 200)
✔ RSI confirms bearish momentum
✔ Price breaks previous swing low
This multi-layer confirmation teaches patience and discipline.
🎓 What Beginners Learn
This indicator is structured to teach:
Trend-following logic
Momentum confirmation
Structure-based entries
Volatility-based awareness
Avoiding emotional trading
It encourages waiting for confluence instead of random entries.
⚠ Important Notes
This indicator is for educational purposes.
It does not guarantee profits.
It should be used with proper risk management.
Always test strategies before live trading.
Skrypt open-source
W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.
Expert Gold Analyst | XAU/USD
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Exclusive signals & live trades.& pro education
Daily updates for all VIP members Join our active Telegram traders hub: t.me/+z7y8oqqYs9ZhNjBk
Mastery Unlock trading success with premium strategies!
Exclusive signals & live trades.& pro education
Daily updates for all VIP members Join our active Telegram traders hub: t.me/+z7y8oqqYs9ZhNjBk
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
Skrypt open-source
W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.
Expert Gold Analyst | XAU/USD
Mastery Unlock trading success with premium strategies!
Exclusive signals & live trades.& pro education
Daily updates for all VIP members Join our active Telegram traders hub: t.me/+z7y8oqqYs9ZhNjBk
Mastery Unlock trading success with premium strategies!
Exclusive signals & live trades.& pro education
Daily updates for all VIP members Join our active Telegram traders hub: t.me/+z7y8oqqYs9ZhNjBk
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.