Get started
OPEN-SOURCE SCRIPT

Predictive Channel Signals

By EagleVSniper
Updated
This script is a comprehensive tool designed to enhance trading strategies by utilizing predictive channels, multiple moving average types, and dynamic signal generation. The script is meticulously crafted for traders who seek to identify potential support and resistance levels, anticipate market reversals, and optimize entry and exit points through advanced technical analysis featuring with the help of codes provided by LuxAlgo.

Core Features:
  • *Dynamic Predictive Channels: The script calculates predictive channels based on price movements and volatility, represented by adjustable factors for sensitivity and slope. These channels adapt to changing market conditions, providing real-time support and resistance levels.

    *Versatile Moving Averages: Users can select from a variety of moving average types, including SMA, EMA, SMMA (RMA), HullMA, WMA, VWMA, DEMA, and TEMA. This flexibility allows traders to tailor the analysis to their specific strategy and market view.

    *Signal Generation: The script generates buying and selling signals based on the interaction between moving averages and predictive channels. Signals are categorized into low, mid, and high tiers, indicating the strength and potential risk/reward of the trade opportunity.

    *Visual Cues and Customization: With an emphasis on usability, the script offers customizable color schemes for easy interpretation of bullish and bearish zones, moving averages, and trading signals. Traders can quickly identify market trends and reversal points at a glance.

    *Advanced Calculations: Utilizing calculations such as the Average True Range (ATR) for volatility assessment, the script ensures that signals are both sensitive to market dynamics and robust against false positives.


Ideal for Traders Who:
  • Prefer a technical analysis approach with a focus on moving averages and price channels.
  • Desire a customizable tool that can adapt to different trading styles and market conditions.
  • Seek to enhance their trading strategy with predictive insights and actionable signals.


Circle = Entry Point
End of polyline = Stop Loss
snapshot


1 Circle = Low Strength
2 Circles = Mid Strength
3 Circles = High Strength
snapshot

snapshot

snapshot
Release Notes
Added Alerts
Release Notes
Removed offset from polylines
Bands and ChannelsMoving AveragesTrend Analysis

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

EagleVSniper
Also on:

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.