OPEN-SOURCE SCRIPT
W-X-Y Pattern Auto Targets Pro [JPT]
🔷 OVERVIEW
W-X-Y Pattern Auto Targets Pro [JPT] is an educational price action indicator that automatically detects potential W-X-Y reversal structures using confirmed swing points. When a valid setup is identified, the indicator displays a complete trade framework including an Entry level, Stop Loss, and multiple Take Profit targets.
The indicator is designed to help traders visualize market structure and practice trade planning. It does not predict future price movement or guarantee profitable trades.
🔷 FEATURES
🔷 HOW IT WORKS
🔷 HOW TO USE
🔷 NOTES
If you find this project useful your feedback and suggestions are always appreciated Happy trading!
W-X-Y Pattern Auto Targets Pro [JPT] is an educational price action indicator that automatically detects potential W-X-Y reversal structures using confirmed swing points. When a valid setup is identified, the indicator displays a complete trade framework including an Entry level, Stop Loss, and multiple Take Profit targets.
The indicator is designed to help traders visualize market structure and practice trade planning. It does not predict future price movement or guarantee profitable trades.
🔷 FEATURES
- Automatic W-X-Y pattern detection
- Bullish and bearish setups
- Entry, Stop Loss, TP1, TP2, and TP3 levels
- Risk/Reward visualization
- EMA 50 & EMA 200 trend filter
- Confirmed swing-based structure
- Optional alerts for new setups
- Clean chart layout with minimal clutter
🔷 HOW IT WORKS
- Detects confirmed swing highs and swing lows.
- Identifies potential W-X-Y reversal formations.
- Applies the optional EMA trend filter for additional market context.
- Calculates Entry, Stop Loss, and Take Profit levels based on the detected structure.
- Draws the setup directly on the chart for easy analysis
🔷 HOW TO USE
- Look for newly detected W-X-Y patterns.
- Review the market structure and overall trend before making any trading decisions.
- Use the displayed Entry, Stop Loss, and Take Profit levels as a reference for planning trades.
- Consider combining this indicator with your own confirmation methods and risk management rules.
🔷 NOTES
- Signals are generated from historical and confirmed price structure.
- The indicator is intended as an educational and analytical tool.
- No indicator can guarantee successful trades, and this script should not be used as the sole
If you find this project useful your feedback and suggestions are always appreciated Happy trading!
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
t.me/EdwardJosFXAnalyst
📈 Follow our free Telegram channel for daily Forex, Gold, and Crypto market analysis, trade ideas, and educational trading content.
🔗Join: t.me/EdwardJosFXAnalyst
Trade smart. Manage risk.
📈 Follow our free Telegram channel for daily Forex, Gold, and Crypto market analysis, trade ideas, and educational trading content.
🔗Join: t.me/EdwardJosFXAnalyst
Trade smart. Manage risk.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
t.me/EdwardJosFXAnalyst
📈 Follow our free Telegram channel for daily Forex, Gold, and Crypto market analysis, trade ideas, and educational trading content.
🔗Join: t.me/EdwardJosFXAnalyst
Trade smart. Manage risk.
📈 Follow our free Telegram channel for daily Forex, Gold, and Crypto market analysis, trade ideas, and educational trading content.
🔗Join: t.me/EdwardJosFXAnalyst
Trade smart. Manage risk.
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.