OPEN-SOURCE SCRIPT
Trend Pullback by Kidd
Trend Pullback by Kidd — User Instructions
What This Indicator Does
This indicator looks for:
A trend already moving up or down
A small pullback against that trend
The first candle showing momentum back in the trend direction
It is designed for:
scalping
momentum continuation
pullback entries
Best used on:
NQ / MNQ
ES / MES
highly liquid markets
EMA Colors
20 EMA Colors
Green = bullish trend
Red = bearish trend
Yellow = sideways / weak trend
9 EMA
Blue line
Used as short-term momentum support/resistance
LONG Setup
The indicator looks for:
Trend moving UP
Small pullback downward
Green candle closes above previous candle high
When this happens:
LONG label appears
ENTRY line appears
SL line appears
SHORT Setup
The indicator looks for:
Trend moving DOWN
Small pullback upward
Red candle closes below previous candle low
When this happens:
SHORT label appears
ENTRY line appears
SL line appears
ENTRY
The green or red ENTRY line is the suggested entry area.
Green ENTRY = long trade
Red ENTRY = short trade
STOP LOSS
The SL line is based on:
pullback low for longs
pullback high for shorts
This is a structure-based stop loss.
Best Conditions
This indicator works best when:
the 20 EMA has a strong angle
price trends cleanly
pullbacks are controlled and shallow
momentum resumes quickly
Avoid Trading When
Avoid signals when:
20 EMA is yellow/flat
candles overlap heavily
market chops sideways
during dead lunchtime conditions
Recommended Timeframes
Best starting points:
1 minute
2 minute
5 minute
Suggested Markets
Works best on:
MNQ / NQ
MES / ES
high volume futures
Alert Setup
The indicator includes:
BULL ALERT
BEAR ALERT
BULL OR BEAR ALERT
Use:
“Once Per Bar Close”
This prevents premature signals before candles close.
Important Notes
This is:
a pullback continuation indicator
NOT:
a reversal indicator
The goal is:
trade WITH momentum
not against it
Strong trends usually perform best.
What This Indicator Does
This indicator looks for:
A trend already moving up or down
A small pullback against that trend
The first candle showing momentum back in the trend direction
It is designed for:
scalping
momentum continuation
pullback entries
Best used on:
NQ / MNQ
ES / MES
highly liquid markets
EMA Colors
20 EMA Colors
Green = bullish trend
Red = bearish trend
Yellow = sideways / weak trend
9 EMA
Blue line
Used as short-term momentum support/resistance
LONG Setup
The indicator looks for:
Trend moving UP
Small pullback downward
Green candle closes above previous candle high
When this happens:
LONG label appears
ENTRY line appears
SL line appears
SHORT Setup
The indicator looks for:
Trend moving DOWN
Small pullback upward
Red candle closes below previous candle low
When this happens:
SHORT label appears
ENTRY line appears
SL line appears
ENTRY
The green or red ENTRY line is the suggested entry area.
Green ENTRY = long trade
Red ENTRY = short trade
STOP LOSS
The SL line is based on:
pullback low for longs
pullback high for shorts
This is a structure-based stop loss.
Best Conditions
This indicator works best when:
the 20 EMA has a strong angle
price trends cleanly
pullbacks are controlled and shallow
momentum resumes quickly
Avoid Trading When
Avoid signals when:
20 EMA is yellow/flat
candles overlap heavily
market chops sideways
during dead lunchtime conditions
Recommended Timeframes
Best starting points:
1 minute
2 minute
5 minute
Suggested Markets
Works best on:
MNQ / NQ
MES / ES
high volume futures
Alert Setup
The indicator includes:
BULL ALERT
BEAR ALERT
BULL OR BEAR ALERT
Use:
“Once Per Bar Close”
This prevents premature signals before candles close.
Important Notes
This is:
a pullback continuation indicator
NOT:
a reversal indicator
The goal is:
trade WITH momentum
not against it
Strong trends usually perform best.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.