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Protradex By BH
ProTradex by BH is an advanced and versatile TradingView indicator designed for traders aiming to improve their decision-making with precise entry, exit, and risk management signals. This tool combines multiple technical analysis methodologies to offer a comprehensive trading framework for various market conditions.
Key Features:
1. EMA and Trend Analysis:
Utilizes a 50-period EMA for trend confirmation.
Identifies uptrends and downtrends using a simple moving average crossover logic for improved signal accuracy.
2. ATR-Based Risk Management:
Dynamically calculates Stop Loss and Take Profit levels using Average True Range (ATR).
Offers customizable ATR multipliers for tailored risk-reward ratios.
3. RSI for Momentum Analysis:
Includes a 14-period RSI with overbought (70) and oversold (30) levels.
Provides visual insights into potential reversals or continuation opportunities.
4. Fibonacci Retracement Levels:
Automatically plots Fibonacci levels based on recent high and low price ranges.
Assists in identifying key support and resistance zones for entry and exit points.
5. Cloud Filter:
Multi-period EMA-based cloud provides additional trend clarity and market sentiment.
6. Standard Deviation Zones (SD Zones):
Identifies potential overextension with upper and lower deviation bands for mean reversion setups.
7. Visualized Entry and Exit Levels:
Entry price, Stop Loss, and two Take Profit levels are plotted on the chart with clear labels and lines.
Enhances trade visualization for better execution.
8. Signal Highlighting:
BUY and SELL signals are displayed using arrows for easy identification.
Background color changes to reflect the current trend direction.
9. Customizable Inputs:
Fully adjustable settings for EMA periods, ATR multipliers, RSI levels, and more to suit different trading styles and instruments.
10. Interactive Tables:
Real-time display of key metrics such as Entry, Stop Loss, Take Profits, and RSI in intuitive table formats.
Applications:
Scalping: Adaptable to shorter timeframes for quick trades.
Swing Trading: Provides robust tools for identifying medium-term trends and price targets.
Risk Management: Focused on disciplined trading with predefined exit strategies.
ProTradex by BH is a reliable tool for traders of all levels, whether you’re a beginner seeking guidance or an advanced trader refining your edge. Start using it today to make informed, confident trading decisions.
Disclaimer: This indicator is for educational purposes only. Use it in conjunction with proper market analysis and risk management techniques.
Key Features:
1. EMA and Trend Analysis:
Utilizes a 50-period EMA for trend confirmation.
Identifies uptrends and downtrends using a simple moving average crossover logic for improved signal accuracy.
2. ATR-Based Risk Management:
Dynamically calculates Stop Loss and Take Profit levels using Average True Range (ATR).
Offers customizable ATR multipliers for tailored risk-reward ratios.
3. RSI for Momentum Analysis:
Includes a 14-period RSI with overbought (70) and oversold (30) levels.
Provides visual insights into potential reversals or continuation opportunities.
4. Fibonacci Retracement Levels:
Automatically plots Fibonacci levels based on recent high and low price ranges.
Assists in identifying key support and resistance zones for entry and exit points.
5. Cloud Filter:
Multi-period EMA-based cloud provides additional trend clarity and market sentiment.
6. Standard Deviation Zones (SD Zones):
Identifies potential overextension with upper and lower deviation bands for mean reversion setups.
7. Visualized Entry and Exit Levels:
Entry price, Stop Loss, and two Take Profit levels are plotted on the chart with clear labels and lines.
Enhances trade visualization for better execution.
8. Signal Highlighting:
BUY and SELL signals are displayed using arrows for easy identification.
Background color changes to reflect the current trend direction.
9. Customizable Inputs:
Fully adjustable settings for EMA periods, ATR multipliers, RSI levels, and more to suit different trading styles and instruments.
10. Interactive Tables:
Real-time display of key metrics such as Entry, Stop Loss, Take Profits, and RSI in intuitive table formats.
Applications:
Scalping: Adaptable to shorter timeframes for quick trades.
Swing Trading: Provides robust tools for identifying medium-term trends and price targets.
Risk Management: Focused on disciplined trading with predefined exit strategies.
ProTradex by BH is a reliable tool for traders of all levels, whether you’re a beginner seeking guidance or an advanced trader refining your edge. Start using it today to make informed, confident trading decisions.
Disclaimer: This indicator is for educational purposes only. Use it in conjunction with proper market analysis and risk management techniques.
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