Sentinela - Pullback

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Sentinel - Pullback

Description:

This indicator is designed to act as a "sentinel," patiently waiting to identify high-probability pullback and reversal opportunities within trending markets. Instead of flooding the chart with excessive signals, the Sentinel focuses on key moments of exhaustion, offering cleaner and more objective entry points.

Key Features
Flexible Oscillator Choice: Select the engine for the signals according to your preference:

Stoch RSI: For a faster and more sensitive momentum reading.

Standard Stochastic: For a more classic and smoother analysis.

Confluence Mode: The most rigorous mode, which only considers a signal valid if both oscillators are in an exhaustion zone simultaneously.

Dual Signal Patterns: The indicator looks for two types of candlestick patterns in overbought/oversold zones:

Simple Pullback: A candle that forms a higher low (for longs) or a lower high (for shorts) than the previous candle, signaling a loss of corrective momentum.

Reversal Engulfing: A candle that sweeps the liquidity below/above the previous candle and reverses strongly, closing beyond its opposite end. A powerful ignition signal.

Smart Consecutive Signal Filter: This is the core of the indicator. After a first valid signal, it ignores subsequent signals until the price "renews" the low (in an oversold zone) or the high (in an overbought zone). This re-arms the search for a new, qualified entry and prevents "signal spam" during extended bottoms or tops.

Optional Trend Filter: Utilize two Exponential Moving Averages (EMAs) to filter signals, allowing only trades aligned with the main trend to be displayed on the chart.

Unified Dynamic Alerts: Set up a single alert that will notify you whether the signal is for a Buy or a Sell, compatible with TradingView's "Any alert() function call" option.

How to Use
Long Signal (Green Arrow ▲): Appears below a candle when one of the bullish patterns is identified in an oversold zone (as defined by the chosen oscillator).

Short Signal (Red Arrow ▼): Appears above a candle when one of the bearish patterns is identified in an overbought zone.

Trend Filter: For a higher win rate, enable the EMA filter. Look for long signals only when the price is above the moving averages (uptrend) and short signals only when it is below (downtrend).

Disclaimer: This indicator is a support tool and should be used in conjunction with your own technical analysis and risk management. Always perform backtests to adjust the parameters to your preferred asset and timeframe.

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Informacje o Wersji

Sentinel - Pullback
Summary
The Sentinel - Pullback indicator is a sophisticated tool designed to identify high-probability entry points during market pullbacks. It capitalizes on moments of market exhaustion by waiting for specific candlestick patterns to form in oversold or overbought zones, signaling a potential resumption of the main trend.

This indicator is highly versatile, offering multiple oscillator choices and advanced filtering mechanisms to help traders reduce noise and focus on quality setups.

Core Strategy & Signal Patterns
The indicator's logic is based on identifying a state of exhaustion (oversold/overbought) and then waiting for a confirmation of a potential reversal through one of two distinct candle patterns:

Simple Pullback (Higher Low / Lower High):

Long Signal: After the oscillator confirms the previous candle was in an oversold area, the script looks for the current candle to form a higher low. This suggests that selling pressure is waning and buyers are beginning to step in.

Short Signal: After an overbought reading, the script looks for the current candle to form a lower high, indicating that buying momentum is fading.

Reversal Engulfing (Ignition Bar):

Long Signal: A powerful reversal pattern where the current candle first makes a lower low than the previous one but then aggressively reverses to close above the previous candle's high. This pattern in an oversold zone often signals a capitulation washout and a sharp rejection of lower prices.

Short Signal: The bearish equivalent, where a candle makes a higher high but then closes below the previous candle's low in an overbought zone.

Key Features
Dual Oscillator Engine: Choose the oscillator that best fits your trading style.

Stochastic RSI: For traders who prefer a faster, more sensitive momentum reading.

Stochastic Momentum Index (SMI): A smoothed oscillator that provides cleaner signals by measuring the distance of the close relative to the midpoint of the high/low range.

Confluence Mode: For the highest-quality signals, this mode requires both the Stoch RSI and the SMI to be in an exhaustion zone simultaneously before a signal can be triggered.

Intelligent Signal Filter: To prevent over-trading in choppy conditions, the indicator includes an advanced filter to ignore consecutive signals. After a signal is fired, the indicator will only look for a new setup after the market "resets" by making a new low (for longs) or a new high (for shorts) within that same exhaustion zone.

Optional EMA Trend Filter: A built-in trend filter using two configurable Exponential Moving Averages (EMAs). When enabled, it will only show signals that align with the overall market trend (e.g., only long signals when the fast EMA is above the slow EMA).

Fully Customizable Alerts: A single, dynamic alert function is built-in. The alert message automatically specifies whether the signal is a "Buy" or "Sell" and which oscillator mode generated it, making it perfect for automated trading or notifications.

How to Use
Identify the Trend: Use the built-in EMAs or your own trend analysis methods to determine the overall market direction. For best results, enable the "Use Trend Filter" option.

Wait for a Pullback: Wait for the price to pull back towards the EMAs or a key support/resistance level.

Look for a Signal: A Sentinel arrow will appear when one of the valid patterns forms in an oversold (for longs) or overbought (for shorts) condition that aligns with the trend.

Confirm: Always use signals from this indicator in conjunction with your own analysis, such as market structure, support/resistance levels, and proper risk management. The "Confluence" mode can be used to filter for A+ setups.