RaviChandran_Rajkumar

Traders Hedge - Pro with Alerts

Dear Traders,

"You can't connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future." ~Steve Jobs

This quote from Steve Jobs, explains the very essence of this indicator.

Trading is Simple, Why make it complicated. ~ Ravi Chandran

The main motto building this Traders Hedge - Pro indicator is to equip retail traders with a multi purpose tool which in itself will act as a complete trading setup.

This indicator will help you in understanding the market structure and planning your possible entries & exits well in advance.

The indicator & setup is independent of time frames & will work for all trading instruments.

Traders Hedge - Pro Indicator with Alerts you can also set Alerts on your favourite scripts and time frames, to get notification when a Demand or a Supply Zone is created or any Price rejection is formed.

List of all the features is provided below.

1. Trade Type - A quick auto setup for Intraday or Swing trades
2. CPR - Identifies the market structure and helps to plan mean reversions trade setups
3. Weekly Support & Resistance - Automatically identifies and displays the higher time frame support & resistance levels
4. Price Action Triggers - Alert with a trigger symbol shown on the respective candle where a possible price reversal is expected
5. Targets - Plots the possible Major & Minor targets, which helps in planning our possible profit booking & stop loss zones
6. Developing Pivots - Plots the price mean reversion zones for the upcoming trading session
7. Supply & Demand Zones - Plots the demand and supply zones by changing the color of the candle
8. Dynamic Dz & Sz Price Tracking - It dynamically identifies and plots the support & resistance levels
9. Opening Range - Plots the identified opening range on the chart
10. PEMA - Helps in visualizing the trend and also acts as a dynamic support & resistance levels

To set Alerts follow the steps provided below.

1. Go to the symbol chart and select the time frame on which you want to set Alerts.
2. Select Alerts Tab and click on Create Alert, shortcut key Alt+A
3. In Condition Select the option “Price Rejection Alerts“ or “Zone Alerts“ for which you want the alerts to be shown
4. In Options, select Once Per Bar Close
5. Select expiry as per your preference or keep it open-ended
6. Select Alerts Actions as per your preference
7. Alert name is optional
8. Default message is “Price Rejection Alerts“ or “Zone Alert” and can be modified
9. Click on Create and in the warning window select Continue Anyway

How to get the indicator:
To know more about the indicator & to download please check the link in the signature below.

Once you have active alert, you will keep getting notification whenever a Price rejection or new Demand / Supply zone gets created in the identified symbol and time frame you have selected.

Please do feel free to use the indicator and give your valuable feed backs which will help me in optimizing it to a great extent.

I would love to thank each of the traders in this Trading View community in helping me improve on my trading skills.

Happy Trading!

Release Notes: Updated Historic Values & Zig-Zag
Release Notes: Updates
- Shortened the Indicator short name
- Updated Zig-Zag
Release Notes: Updated - Color coded lines name with Price which is mapped to it for better understanding.
Removed - Trend line as it is resource intensive.
Release Notes: Features Newly Added
- Automatically calculates the levels for any time frame
- Automatic trade plan for any instrument describing the key vitals and possible targets
- Updated possible entry , exits & stop loss zones
- Introduced long & short entry triggers for assisting during trade entries
- Customized the labels to show the zones along with the prices on the chart
- Show the next days trade plan along with the levels
- Introduced VWAP for all time frames
Release Notes: Fixed - Bugs
Release Notes: Optimized the dashboard functionality
Release Notes: Bug Fixed
Release Notes: PEMA updated.
Release Notes: Fixed - minor bugs
Release Notes: Updated - Optimized Future Pivots calculations.
Release Notes: Optimized the supply demand formation zones.
Release Notes: Updated Standard Pivot R1 & S1 pivot levels.
Release Notes: Updated the charts with R1, S1, Previous Close prices along with their labels.
Release Notes: Optimized the Dashboard to show the degree of Bullishness & Bearishness.
Release Notes: Updated the Supply Demand Zone
Release Notes: Bug Fixing
Release Notes: Introduced Momentum Trigger

It shows a diamond symbol when ever you see a change in momentum.
Release Notes: Show only relevant levels, the indicator has now intelligence to show only the levels in the direction of the trend. By default it is set to false.
Release Notes: Updates
- Advanced Price Action Triggers
- Option to plot Monthly & Weekly high , low & close key prices
Release Notes: Update:
- Upgraded to Version 5 of Pine Script
- Enhanced Supply & Demand Zones
Release Notes: Optimized S & D for Higher Time frame.
Release Notes: Provided options to customize support & resistance Zones, order block , Optimized the Next day pivots
Release Notes: - Introduced option to change color of supply & demand candles .
- Some Bug fixing

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 RaviChandran_Rajkumar for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

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.

Author's instructions

You can subscribe for the indicator from our website, the link is provided in the signature below.

Want to use this script on a chart?

Warning: please read before requesting access.