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Updated Evista Flow

Here’s a simple summary of how to use the combined indicator for trade entries:
1. Core Market Conditions (Table)
MODE: Choose your style (Scalp, Day Trade, Swing). This adjusts thresholds for ADX and other logic.
ADX: Look for MODERATE → STRONG trends (20–50).
Below 20 = weak/sideways (avoid entries).
Volume (Vol > MA*x): Prefer entries when volume is UNUSUAL, showing participation.
RSI:
Look for pullbacks in a trend (RSI near 40–60 in strong trends).
Avoid buying when RSI is already overbought (>70–80) or selling when oversold (<30–20).
ATR: Check volatility. Higher ATR = wider stops needed. ATR% helps size positions.
2. Entry Logic
For Longs (BUY idea):
ADX = MODERATE/STRONG.
Vol = UNUSUAL.
RSI = not overbought (ideally 40–60).
ATR shows manageable volatility for your stop size.
For Shorts (SELL idea):
ADX = MODERATE/STRONG.
Vol = UNUSUAL.
RSI = not oversold (ideally 40–60).
ATR confirms room to move.
3. High/Low + Premarket Module (Optional)
Yesterday’s High/Low: Use as support/resistance.
Breakout above yesterday’s high → bullish bias.
Breakdown below yesterday’s low → bearish bias.
Premarket High/Low: Often intraday key levels.
Break and hold above PM High = strong bullish momentum.
Break and hold below PM Low = bearish momentum.
4. Putting it Together
Look for alignment: Trend strength (ADX), volume confirmation, reasonable RSI, and price reacting around Yesterday’s or Premarket levels.
Entry trigger: Enter after price confirms direction (break + retest, or momentum push with volume).
Stops/Targets:
Use ATR to size stops (e.g., 1× or 1.5× ATR).
Targets can be next High/Low or multiples of ATR.
In short: Trade in the direction of trend when ADX and volume confirm, avoid overextended RSI, and use Yesterday’s/Premarket levels plus ATR for entries, stops, and targets.
1. Core Market Conditions (Table)
MODE: Choose your style (Scalp, Day Trade, Swing). This adjusts thresholds for ADX and other logic.
ADX: Look for MODERATE → STRONG trends (20–50).
Below 20 = weak/sideways (avoid entries).
Volume (Vol > MA*x): Prefer entries when volume is UNUSUAL, showing participation.
RSI:
Look for pullbacks in a trend (RSI near 40–60 in strong trends).
Avoid buying when RSI is already overbought (>70–80) or selling when oversold (<30–20).
ATR: Check volatility. Higher ATR = wider stops needed. ATR% helps size positions.
2. Entry Logic
For Longs (BUY idea):
ADX = MODERATE/STRONG.
Vol = UNUSUAL.
RSI = not overbought (ideally 40–60).
ATR shows manageable volatility for your stop size.
For Shorts (SELL idea):
ADX = MODERATE/STRONG.
Vol = UNUSUAL.
RSI = not oversold (ideally 40–60).
ATR confirms room to move.
3. High/Low + Premarket Module (Optional)
Yesterday’s High/Low: Use as support/resistance.
Breakout above yesterday’s high → bullish bias.
Breakdown below yesterday’s low → bearish bias.
Premarket High/Low: Often intraday key levels.
Break and hold above PM High = strong bullish momentum.
Break and hold below PM Low = bearish momentum.
4. Putting it Together
Look for alignment: Trend strength (ADX), volume confirmation, reasonable RSI, and price reacting around Yesterday’s or Premarket levels.
Entry trigger: Enter after price confirms direction (break + retest, or momentum push with volume).
Stops/Targets:
Use ATR to size stops (e.g., 1× or 1.5× ATR).
Targets can be next High/Low or multiples of ATR.
In short: Trade in the direction of trend when ADX and volume confirm, avoid overextended RSI, and use Yesterday’s/Premarket levels plus ATR for entries, stops, and targets.
Release Notes
Here’s a simple trade entry summary for your Evista Flow indicator:
1. Check Trend Strength
ADX:
WEAK (<20) → no trade.
MODERATE (20–40) or STRONG (40–50) → good trading conditions.
VERY STRONG (>50) → strong trend but risk of exhaustion.
2. Confirm Market Participation
Volume (Vol > MA*x):
UNUSUAL → confirms strong interest, better trade reliability.
NORMAL → weaker conviction, be cautious.
3. Time the Entry with RSI
In a bullish setup:
Enter when RSI pulls back near 40–60 in a strong uptrend.
Avoid new longs when RSI is overbought (>70–80).
In a bearish setup:
Enter when RSI pulls back near 40–60 in a strong downtrend.
Avoid new shorts when RSI is oversold (<30–20).
4. Use Key Levels for Triggers
PDH / PDL (Previous Day High/Low) → major breakout levels.
PMH / PML (Premarket High/Low) → intraday breakout/reversal levels.
Break and hold above PDH/PMH → bullish bias.
Break and hold below PDL/PML → bearish bias.
VWAP (optional):
Longs are stronger above VWAP.
Shorts are stronger below VWAP.
5. Manage Risk with ATR
Use ATR to size stops and targets.
Example: Stop = 1× ATR below/above entry.
Target = 2× ATR or next major level (PDH/PDL, PMH/PML).
In short: Enter trades in the direction of the ADX trend, only when volume is strong, RSI is not overextended, and price confirms by breaking/holding above or below PDH/PDL or PMH/PML, with VWAP as extra confirmation. Always size stops/targets with ATR.
Release Notes
Here’s a simple summary of how to use the combined indicator for trade entries:1. Core Market Conditions (Table)
MODE: Choose your style (Scalp, Day Trade, Swing). This adjusts thresholds for ADX and other logic.
ADX: Look for MODERATE → STRONG trends (20–50).
Below 20 = weak/sideways (avoid entries).
Volume (Vol > MA*x): Prefer entries when volume is UNUSUAL, showing participation.
RSI:
Look for pullbacks in a trend (RSI near 40–60 in strong trends).
Avoid buying when RSI is already overbought (>70–80) or selling when oversold (<30–20).
ATR: Check volatility. Higher ATR = wider stops needed. ATR% helps size positions.
2. Entry Logic
For Longs (BUY idea):
ADX = MODERATE/STRONG.
Vol = UNUSUAL.
RSI = not overbought (ideally 40–60).
ATR shows manageable volatility for your stop size.
For Shorts (SELL idea):
ADX = MODERATE/STRONG.
Vol = UNUSUAL.
RSI = not oversold (ideally 40–60).
ATR confirms room to move.
3. High/Low + Premarket Module (Optional)
Yesterday’s High/Low: Use as support/resistance.
Breakout above yesterday’s high → bullish bias.
Breakdown below yesterday’s low → bearish bias.
Premarket High/Low: Often intraday key levels.
Break and hold above PM High = strong bullish momentum.
Break and hold below PM Low = bearish momentum.
4. Putting it Together
Look for alignment: Trend strength (ADX), volume confirmation, reasonable RSI, and price reacting around Yesterday’s or Premarket levels.
Entry trigger: Enter after price confirms direction (break + retest, or momentum push with volume).
Stops/Targets:
Use ATR to size stops (e.g., 1× or 1.5× ATR).
Targets can be next High/Low or multiples of ATR.
In short: Trade in the direction of trend when ADX and volume confirm, avoid overextended RSI, and use Yesterday’s/Premarket levels plus ATR for entries, stops, and targets.
3 hours ago
Release Notes
Here’s a simple trade entry summary for your Evista Flow indicator:
1. Check Trend Strength
ADX:
WEAK (<20) → no trade.
MODERATE (20–40) or STRONG (40–50) → good trading conditions.
VERY STRONG (>50) → strong trend but risk of exhaustion.
2. Confirm Market Participation
Volume (Vol > MA*x):
UNUSUAL → confirms strong interest, better trade reliability.
NORMAL → weaker conviction, be cautious.
3. Time the Entry with RSI
In a bullish setup:
Enter when RSI pulls back near 40–60 in a strong uptrend.
Avoid new longs when RSI is overbought (>70–80).
In a bearish setup:
Enter when RSI pulls back near 40–60 in a strong downtrend.
Avoid new shorts when RSI is oversold (<30–20).
4. Use Key Levels for Triggers
PDH / PDL (Previous Day High/Low) → major breakout levels.
PMH / PML (Premarket High/Low) → intraday breakout/reversal levels.
Break and hold above PDH/PMH → bullish bias.
Break and hold below PDL/PML → bearish bias.
VWAP (optional):
Longs are stronger above VWAP.
Shorts are stronger below VWAP.
5. Manage Risk with ATR
Use ATR to size stops and targets.
Example: Stop = 1× ATR below/above entry.
Target = 2× ATR or next major level (PDH/PDL, PMH/PML).
In short: Enter trades in the direction of the ADX trend, only when volume is strong, RSI is not overextended, and price confirms by breaking/holding above or below PDH/PDL or PMH/PML, with VWAP as extra confirmation. Always size stops/targets with ATR.
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evistatrading
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 Trad
Release Notes
There isn’t a single "buy/sell" signal, but rather a confluence system: you combine the table signals to spot high-probability entries. Here’s how you can use it:Interpreting the Table for Entries
Trend Confirmation (EMA+ ADX)
Best entries are always with the dominant trend.
Example: Price above EMA, ADX ≥ threshold → look for longs.
Price below EMA, ADX ≥ threshold → look for shorts.
Momentum Filter (RSI)
In a bullish trend → wait for RSI to pull back near oversold/OS zone, then bounce upward.
In a bearish trend → wait for RSI to rally near overbought/OB zone, then turn downward.
This ensures you don’t buy overextended or short oversold moves.
Volume Confirmation
If Volume is flagged UNUSUAL → this means stronger conviction.
Entries during unusual volume + trend confirmation are higher quality.
ATR for Risk/Positioning
ATR tells you the expected volatility.
Use it to size stops: e.g. stop loss = 1× ATR (or a multiple) away from entry.
Example Trade Scenarios
Long Setup (bullish trend)
Table shows: “STRONG BULLISH TREND” (EMA + ADX).
RSI in OS zone or bouncing from 30–40 area.
Volume = UNUSUAL (extra confirmation).
Entry: Buy near support (e.g. pullback).
Stop: below recent swing low or 1 ATR.
Target: 2× ATR or resistance level.
Short Setup (bearish trend)
Table shows: “STRONG BEARISH TREND”.
RSI near OB zone (60–70+) and turning down.
Volume spike confirming move.
Entry: Short near resistance or breakdown.
Stop: above swing high or 1 ATR.
Target: 2× ATR or next support.
Using the Timeframe Selector
If you trade scalps, pick 1–5 min.
For intraday day trading, use 15–30 min or 1 hr.
For swing trades, use 4 hrs. or 1 day.
Always make sure table conditions agree with your trading timeframe.
Best entry = when multiple table signals align (trend + RSI + volume) on your chosen timeframe, with ATR giving you a risk framework.
FOR A SOLID APPROACH ENTRY.
Here’s why:
Multi-Timeframe Logic
Chart = 1 minute:
This is where you’re executing your scalps. It shows micro moves, entries/exits, exact triggers.
Table = 5 minutes:
The table gives you the bigger context (trend, strength, RSI zones, volume state) based on 5-minute data.
5m is less noisy than 1m.
Prevents you from taking trades against the “real” short-term trend.
Helps you filter out false signals that appear often on 1m.
Example in Practice
Table (5m): Shows STRONG BULLISH TREND, RSI ~40 (healthy pullback), Volume normal.
Chart (1m): You wait for a pullback into support and RSI curling back up.
Entry: Take the long scalp with confidence because the 5m confirms the move.
If instead, the table shows BEARISH on 5m while 1m looks bullish → better to avoid longs, since the bigger 5m flow is down.
Rule of Thumb
When scalping:
Confirm on 5m (trend/momentum context).
Execute on 1m (entry precision).
This way, you’re not blind to the broader flow, but you still get fast entry/exit control.
BEST PRACTICE. Watch the 5-minute setting in the table while scalping on the 1-minute chart.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.