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5mn London-Newyork best entry by Profitcosmos)

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This indicator is engineered for scalpers and day traders who trade during the London and New York sessions — the most volatile and liquid market hours.
It automatically detects high-probability breakout structures, filters false moves using ATR-based volatility logic, and dynamically projects Entry, Stop Loss (SL), and Take Profit (TP) levels directly on the chart.

⚙️ Core Features

🧠 Smart Market Structure Detection:
Automatically identifies bullish and bearish structure shifts using swing highs/lows.

📊 ATR Volatility Filter:
Uses an adaptive ATR multiplier to confirm genuine breakouts and filter noise.

🕒 Session Filter (Optional):
Restrict signals to your chosen trading hours — ideal for London and New York overlap.

🎯 Auto Entry / SL / TP Projection:

SL: Placed below (for BUY) or above (for SELL) the two previous candle extremes.

TP: Automatically calculated at 3× the distance from Entry to SL.

Projection: Visual lines and labels extend 100 bars into the future, clearly marking your trade levels.

🔁 Alternating Signal Logic:
Prevents consecutive duplicate signals to keep the chart clean and trades logical.

📈 Visual Clarity:
Each trade setup is plotted with colored lines (Entry, SL, TP) and labels pointing left for easy visibility.

🔔 Alerts Ready:
Built-in alerts for both BUY and SELL signals to automate or notify your entries.

🪙 Why you will Love It

This tool helps identify the cleanest momentum-based entries in the 5-minute chart during high-volume hours.
It’s especially effective for XAUUSD, NAS100, and major Forex pairs, where breakout structure shifts happen fast and decisively.

🧭 Recommended Settings

Timeframe: 5 minutes

Sessions: London (3–10 AM EST) & New York (8 AM–4 PM EST)

ATR Multiplier: 1.2–1.5 (adjust for volatility)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.