OPEN-SOURCE SCRIPT
TELAY Algo Alpha
TELAY Algo Alpha
A long-only trade map built on a directional trend model: one entry, a fixed stop, and three scaling targets — all confirmed on bar close.
Based on AlgoAlpha's open-source "Trend Targets". When price confirms an uptrend, the script marks a single long setup: entry at the flip, a fixed stop at low − ATR×5 (it does not trail, so normal pullbacks don't shake the trade out), and three targets registered by touch. Full carry; the position closes at the final target, or earlier on a close below the stop or a bearish flip.
A persistent panel keeps the setup visible through the whole uptrend — entry, stop, live return, the three targets with hit status, trend, and trade state — with a marker at each target. Signals confirm on bar close (no repaint); one position at a time.
Arabic UI — key: الدخول = Entry · الوقف = Stop · السعر/العائد = Price/Return · هدف 1/2/3 = Target 1/2/3 · الاتجاه = Trend (صاعد Up / هابط Down) · صفقة مفتوحة = Open · بلغ الهدف الأخير = Final target reached · ضرب الوقف = Stopped · مراقبة = Monitoring.
Credits: trend logic adapted from the open-source "Trend Targets" by AlgoAlpha. Management, stop, panel, and alerts are original. Published open-source.
For education and research only — not financial advice, and no result is guaranteed.
A long-only trade map built on a directional trend model: one entry, a fixed stop, and three scaling targets — all confirmed on bar close.
Based on AlgoAlpha's open-source "Trend Targets". When price confirms an uptrend, the script marks a single long setup: entry at the flip, a fixed stop at low − ATR×5 (it does not trail, so normal pullbacks don't shake the trade out), and three targets registered by touch. Full carry; the position closes at the final target, or earlier on a close below the stop or a bearish flip.
A persistent panel keeps the setup visible through the whole uptrend — entry, stop, live return, the three targets with hit status, trend, and trade state — with a marker at each target. Signals confirm on bar close (no repaint); one position at a time.
Arabic UI — key: الدخول = Entry · الوقف = Stop · السعر/العائد = Price/Return · هدف 1/2/3 = Target 1/2/3 · الاتجاه = Trend (صاعد Up / هابط Down) · صفقة مفتوحة = Open · بلغ الهدف الأخير = Final target reached · ضرب الوقف = Stopped · مراقبة = Monitoring.
Credits: trend logic adapted from the open-source "Trend Targets" by AlgoAlpha. Management, stop, panel, and alerts are original. Published open-source.
For education and research only — not financial advice, and no result is guaranteed.
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.
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.
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.