OPEN-SOURCE SCRIPT
Legendx

// ──────────────────────────────────────────────────────────────
// 📘 STRATEGY DESCRIPTION — LEGENDX (with Telegram Alerts)
// ──────────────────────────────────────────────────────────────
//
// The **LegendX Strategy** is a next-generation market analysis
// and execution framework built for traders who demand precision,
// automation, and clarity in both backtesting and live execution.
//
// 🔹 CORE LOGIC
// • Uses adaptive Moving Averages (EMA, HMA, RMA, SMA, VWAP, VWMA, or WMA)
// to track trend direction and detect high-probability entries.
// • Entry triggers are dynamically adjusted by volatility filters
// (ATR and Standard Deviation), ensuring trades align with market momentum.
// • Supports up to **8 Take-Profit levels** for progressive scaling out.
// • Includes automatic Stop-Loss generation based on renormalized
// percentage distance from entry.
//
// 🔹 BACKTESTING FEATURES
// • Built-in simulation of entries/exits with adjustable ATR, deviation, and risk.
// • Displays detailed statistics such as peak profit, drawdown, and cumulative results.
// • Suitable for any symbol, including crypto, forex, indices, and commodities.
//
// 🔹 TELEGRAM AUTOMATION
// • Integrated **Telegram Signal System** sends real-time alerts
// (Entry, TP1–TP8, SL, Symbol, and Timestamp) to your Telegram channel.
// • Uses simple webhook integration via TradingView alerts —
// no external servers or scripts required.
// • Perfect for signal groups, prop firm monitoring, and portfolio tracking.
//
// 🔹 BEST FOR
// • Crypto traders (e.g., Binance, Bybit) who want automated, transparent signals.
// • Commodity & index traders who use multi-level profit scaling.
// • Traders who combine **quantitative backtesting** with **live alert automation**.
//
// 🔹 USAGE TIPS
// • Set alert frequency to “Once Per Bar Close” for clean, non-duplicate signals.
// • Configure your Telegram bot & channel ID once — signals will post automatically.
// • For automated execution, combine with tools like PineConnector or Alertatron.
//
// 🏆 LEGENDX — Precision Meets Automation.
// Built for traders who want clarity, control, and real-time communication.
//
// ──────────────────────────────────────────────────────────────
// 📘 STRATEGY DESCRIPTION — LEGENDX (with Telegram Alerts)
// ──────────────────────────────────────────────────────────────
//
// The **LegendX Strategy** is a next-generation market analysis
// and execution framework built for traders who demand precision,
// automation, and clarity in both backtesting and live execution.
//
// 🔹 CORE LOGIC
// • Uses adaptive Moving Averages (EMA, HMA, RMA, SMA, VWAP, VWMA, or WMA)
// to track trend direction and detect high-probability entries.
// • Entry triggers are dynamically adjusted by volatility filters
// (ATR and Standard Deviation), ensuring trades align with market momentum.
// • Supports up to **8 Take-Profit levels** for progressive scaling out.
// • Includes automatic Stop-Loss generation based on renormalized
// percentage distance from entry.
//
// 🔹 BACKTESTING FEATURES
// • Built-in simulation of entries/exits with adjustable ATR, deviation, and risk.
// • Displays detailed statistics such as peak profit, drawdown, and cumulative results.
// • Suitable for any symbol, including crypto, forex, indices, and commodities.
//
// 🔹 TELEGRAM AUTOMATION
// • Integrated **Telegram Signal System** sends real-time alerts
// (Entry, TP1–TP8, SL, Symbol, and Timestamp) to your Telegram channel.
// • Uses simple webhook integration via TradingView alerts —
// no external servers or scripts required.
// • Perfect for signal groups, prop firm monitoring, and portfolio tracking.
//
// 🔹 BEST FOR
// • Crypto traders (e.g., Binance, Bybit) who want automated, transparent signals.
// • Commodity & index traders who use multi-level profit scaling.
// • Traders who combine **quantitative backtesting** with **live alert automation**.
//
// 🔹 USAGE TIPS
// • Set alert frequency to “Once Per Bar Close” for clean, non-duplicate signals.
// • Configure your Telegram bot & channel ID once — signals will post automatically.
// • For automated execution, combine with tools like PineConnector or Alertatron.
//
// 🏆 LEGENDX — Precision Meets Automation.
// Built for traders who want clarity, control, and real-time communication.
//
// ──────────────────────────────────────────────────────────────
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.