OPEN-SOURCE SCRIPT
Long Short Entry Signals + Pre-Signal (Strings)
Long Short Entry Signals + Pre-Signal (!)
This indicator is designed to provide clear and structured trading setups for both long and short entries — including an early warning signal before a trade is fully confirmed.
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🔹 Features
• Pre-Signal (!)
Displays a warning when a potential trade is forming.
The market already meets key conditions (trend + momentum), but the final confirmation candle is still missing.
• Long Signal (L – green)
Triggered when:
- Uptrend is established (EMA Fast > EMA Slow)
- Price is above the fast EMA
- RSI shows strength
- A bullish confirmation candle forms
• Short Signal (S – yellow)
Triggered when:
- Downtrend is established (EMA Fast < EMA Slow)
- Price is below the fast EMA
- RSI shows weakness
- A bearish confirmation candle forms
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📊 Strategy Logic
The indicator combines multiple proven concepts:
- Trend filtering using EMAs
- Momentum confirmation via RSI
- Price action (break of previous candle high/low)
- Cooldown system to reduce signal noise
Additionally, Stop Loss and Take Profit levels are internally calculated using:
- ATR (volatility-based)
- Swing highs/lows
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⚠️ Notes
- This is not a guarantee of profitable trades.
- Works best on timeframes like 5m – 1H
- Ideal for trending markets; less effective in ranging conditions
- Always use proper risk management
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💡 How to Use
1. Watch for a "!" (Pre-Signal) → prepare for a possible setup 2. Wait for L or S → confirmed entry signal 3. Combine with your own strategy or higher timeframe analysis for best results
---
🚀 Tip
Use alerts to get notified in advance:
- "Prepare Long / Short" for early setups
- "Long / Short Signal" for confirmed entries
---
Built for traders who want early awareness + confirmed precision in one simple tool.
This indicator is designed to provide clear and structured trading setups for both long and short entries — including an early warning signal before a trade is fully confirmed.
---
🔹 Features
• Pre-Signal (!)
Displays a warning when a potential trade is forming.
The market already meets key conditions (trend + momentum), but the final confirmation candle is still missing.
• Long Signal (L – green)
Triggered when:
- Uptrend is established (EMA Fast > EMA Slow)
- Price is above the fast EMA
- RSI shows strength
- A bullish confirmation candle forms
• Short Signal (S – yellow)
Triggered when:
- Downtrend is established (EMA Fast < EMA Slow)
- Price is below the fast EMA
- RSI shows weakness
- A bearish confirmation candle forms
---
📊 Strategy Logic
The indicator combines multiple proven concepts:
- Trend filtering using EMAs
- Momentum confirmation via RSI
- Price action (break of previous candle high/low)
- Cooldown system to reduce signal noise
Additionally, Stop Loss and Take Profit levels are internally calculated using:
- ATR (volatility-based)
- Swing highs/lows
---
⚠️ Notes
- This is not a guarantee of profitable trades.
- Works best on timeframes like 5m – 1H
- Ideal for trending markets; less effective in ranging conditions
- Always use proper risk management
---
💡 How to Use
1. Watch for a "!" (Pre-Signal) → prepare for a possible setup 2. Wait for L or S → confirmed entry signal 3. Combine with your own strategy or higher timeframe analysis for best results
---
🚀 Tip
Use alerts to get notified in advance:
- "Prepare Long / Short" for early setups
- "Long / Short Signal" for confirmed entries
---
Built for traders who want early awareness + confirmed precision in one simple tool.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.