INVITE-ONLY SCRIPT
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.
Invite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Protradex_byBH for more information, or follow the author's instructions below.
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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.