Fantastic Enter
ITLE (copy into the Title field):
Fantastic Enter
DESCRIPTION (copy into the Description field):
Fantastic Enter marks trade entries on the chart together with a stop loss and three profit targets, and it keeps every past trade drawn so you can review them. It works on any symbol and timeframe. The default targets are set in points (30 / 50 / 60), which suits index futures such as NQ or ES.
HOW IT WORKS
1) Direction
A weighted confluence score from -100 to +100 is built from six factors: trend (fast vs slow EMA and slope), momentum (RSI), MACD histogram, trend strength (ADX and DI), relative volume, and the position of price inside the recent range. When the score is above the chosen threshold and enough factors agree, the direction is LONG. When it is below the negative threshold, the direction is SHORT. Otherwise there is no direction and no trade is taken. The background is tinted green or red to show the current direction.
2) Entry
The entry trigger is the cross of a fast EMA (5) over a slow EMA (13). A trade is taken only when the cross goes in the same direction as the score. If the cross happens first, it stays valid for a few bars (default 6) waiting for the score to confirm. Signals are confirmed on bar close.
3) Stop loss and targets
- Stop loss: ATR multiplied by a factor, limited between a minimum and a maximum number of points.
- TP1, TP2 and TP3: fixed distances in points (default 30, 50 and 60).
- The script draws the entry line, the stop, the three targets and labels with the price and the distance in points.
- It follows each trade bar by bar. A target that is reached is marked with a check mark, and a stop that is reached with a cross. The trade ends at TP3, at the stop, or after a maximum number of bars. Only one trade is open at a time.
- If one bar touches both the stop and a target, the stop is counted first.
HOW TO USE
- Add it to the chart and use the timeframe you trade.
- A BUY or SELL label appears when direction and entry agree. The lines stay on the chart after the trade ends.
- If you get too few signals, lower the minimum score or the number of agreeing factors. If you get too many, raise them.
- Optional session filter (New York time) is available in the settings.
- Alerts are available for long and short entries.
CREDITS AND WHAT IS ORIGINAL
The six-factor confluence score is adapted from "Quant Confluence Engine [JOAT]" by officialjackofalltrades (Mozilla Public License 2.0), and the EMA cross entry with TP/SL drawing is inspired by "KN - Smart TP SL Signals". What this script adds is the combination of both (entries only in the score direction, with a cross that can wait for confirmation), the point-based targets, the trade tracking and the permanent trade history on the chart.
LIMITATIONS
- Indicators do not predict the market. The signals depend on the settings, the symbol and the timeframe.
- Targets and stops are tracked with bar data, so what happens inside a bar is not known.
- Commissions and slippage are not included. Past signals do not guarantee future results.
- Use your own risk management. This script is for educational purposes and is not financial advice.
SUGGESTED SETTINGS FOR THE PUBLISH WINDOW
- Visibility: Public, Open-source (required because it uses MPL 2.0 code)
- Categories: Trend analysis, Volatility
- Tags: entry, stop loss, take profit, confluence, ema cross, futures
Fantastic Enter
DESCRIPTION (copy into the Description field):
Fantastic Enter marks trade entries on the chart together with a stop loss and three profit targets, and it keeps every past trade drawn so you can review them. It works on any symbol and timeframe. The default targets are set in points (30 / 50 / 60), which suits index futures such as NQ or ES.
HOW IT WORKS
1) Direction
A weighted confluence score from -100 to +100 is built from six factors: trend (fast vs slow EMA and slope), momentum (RSI), MACD histogram, trend strength (ADX and DI), relative volume, and the position of price inside the recent range. When the score is above the chosen threshold and enough factors agree, the direction is LONG. When it is below the negative threshold, the direction is SHORT. Otherwise there is no direction and no trade is taken. The background is tinted green or red to show the current direction.
2) Entry
The entry trigger is the cross of a fast EMA (5) over a slow EMA (13). A trade is taken only when the cross goes in the same direction as the score. If the cross happens first, it stays valid for a few bars (default 6) waiting for the score to confirm. Signals are confirmed on bar close.
3) Stop loss and targets
- Stop loss: ATR multiplied by a factor, limited between a minimum and a maximum number of points.
- TP1, TP2 and TP3: fixed distances in points (default 30, 50 and 60).
- The script draws the entry line, the stop, the three targets and labels with the price and the distance in points.
- It follows each trade bar by bar. A target that is reached is marked with a check mark, and a stop that is reached with a cross. The trade ends at TP3, at the stop, or after a maximum number of bars. Only one trade is open at a time.
- If one bar touches both the stop and a target, the stop is counted first.
HOW TO USE
- Add it to the chart and use the timeframe you trade.
- A BUY or SELL label appears when direction and entry agree. The lines stay on the chart after the trade ends.
- If you get too few signals, lower the minimum score or the number of agreeing factors. If you get too many, raise them.
- Optional session filter (New York time) is available in the settings.
- Alerts are available for long and short entries.
CREDITS AND WHAT IS ORIGINAL
The six-factor confluence score is adapted from "Quant Confluence Engine [JOAT]" by officialjackofalltrades (Mozilla Public License 2.0), and the EMA cross entry with TP/SL drawing is inspired by "KN - Smart TP SL Signals". What this script adds is the combination of both (entries only in the score direction, with a cross that can wait for confirmation), the point-based targets, the trade tracking and the permanent trade history on the chart.
LIMITATIONS
- Indicators do not predict the market. The signals depend on the settings, the symbol and the timeframe.
- Targets and stops are tracked with bar data, so what happens inside a bar is not known.
- Commissions and slippage are not included. Past signals do not guarantee future results.
- Use your own risk management. This script is for educational purposes and is not financial advice.
SUGGESTED SETTINGS FOR THE PUBLISH WINDOW
- Visibility: Public, Open-source (required because it uses MPL 2.0 code)
- Categories: Trend analysis, Volatility
- Tags: entry, stop loss, take profit, confluence, ema cross, futures
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.