PROTECTED SOURCE SCRIPT
Amit's Signal
# Amit's Signal
A clean and momentum-based trading indicator designed to generate high-probability BUY, SELL, and EXIT signals while filtering out weak sideways market conditions.
This system combines:
* MACD momentum confirmation
* EMA 18 trend filtering
* SMA 10 High/Low trailing exits
* ATR-based volatility filtering
* Optional strong candle confirmation
The indicator is built for traders who want simple directional signals without cluttering the chart with multiple indicator lines.
---
## How the Indicator Works
### Momentum Confirmation — MACD
The MACD line and Signal line are used to identify market momentum.
* Bullish momentum occurs when MACD is above the Signal line
* Bearish momentum occurs when MACD is below the Signal line
This helps confirm the strength and direction of the move before generating signals.
---
### Trend Filter — EMA 18
EMA 18 acts as the primary trend direction filter.
* BUY signals are allowed only when price closes above EMA 18
* SELL signals are allowed only when price closes below EMA 18
This helps avoid counter-trend trades and improves signal quality.
---
### Exit Logic — SMA 10 High/Low
The indicator uses dynamic trailing exit logic based on SMA 10 High and SMA 10 Low.
For BUY trades:
* Exit occurs when price closes below SMA 10 Low
* Or when bearish MACD confirmation appears
For SELL trades:
* Exit occurs when price closes above SMA 10 High
* Or when bullish MACD confirmation appears
This allows profits to run while providing adaptive exits.
---
### ATR Sideways Market Filter
ATR is used to measure market volatility and avoid low-momentum conditions.
Signals are filtered when:
* Market volatility is too low
* Price action becomes overly sideways
This reduces unnecessary trades and helps lower brokerage costs in choppy markets.
---
### Optional Strong Candle Filter
An optional candle strength filter can be enabled for stronger confirmations.
* BUY signals require stronger bullish candles
* SELL signals require stronger bearish candles
Useful for traders who prefer fewer but higher-quality entries.
---
# Signal Conditions
## BUY Signal
* MACD line above Signal line
* Price closes above EMA 18
* ATR confirms sufficient volatility
* Optional bullish candle confirmation
## SELL Signal
* MACD line below Signal line
* Price closes below EMA 18
* ATR confirms sufficient volatility
* Optional bearish candle confirmation
## BUY Exit
* Price closes below SMA 10 Low
* Or bearish MACD crossover appears
## SELL Exit
* Price closes above SMA 10 High
* Or bullish MACD crossover appears
---
# Best Used For
* Intraday Trading
* Swing Trading
* Stocks
* Indices
* Futures Trading
* Directional Options Trading
---
# Features
✔ Clean chart with only BUY, SELL, and EXIT signals
✔ Trend + momentum confirmation
✔ Sideways market filtering using ATR
✔ Dynamic trailing exit logic
✔ Optional candle strength confirmation
✔ Designed for directional trading setups
---
# Notes
* This indicator does not plot EMA, SMA, MACD, or ATR lines to keep the chart clean.
* Lower ATR settings may generate more signals.
* Higher ATR settings can help filter weak setups.
* Strong Candle Filter can improve signal quality during volatile markets.
---
# Disclaimer
This script is created for educational and informational purposes only.
Always backtest, forward test, and use proper risk management before using any trading system in live markets.
A clean and momentum-based trading indicator designed to generate high-probability BUY, SELL, and EXIT signals while filtering out weak sideways market conditions.
This system combines:
* MACD momentum confirmation
* EMA 18 trend filtering
* SMA 10 High/Low trailing exits
* ATR-based volatility filtering
* Optional strong candle confirmation
The indicator is built for traders who want simple directional signals without cluttering the chart with multiple indicator lines.
---
## How the Indicator Works
### Momentum Confirmation — MACD
The MACD line and Signal line are used to identify market momentum.
* Bullish momentum occurs when MACD is above the Signal line
* Bearish momentum occurs when MACD is below the Signal line
This helps confirm the strength and direction of the move before generating signals.
---
### Trend Filter — EMA 18
EMA 18 acts as the primary trend direction filter.
* BUY signals are allowed only when price closes above EMA 18
* SELL signals are allowed only when price closes below EMA 18
This helps avoid counter-trend trades and improves signal quality.
---
### Exit Logic — SMA 10 High/Low
The indicator uses dynamic trailing exit logic based on SMA 10 High and SMA 10 Low.
For BUY trades:
* Exit occurs when price closes below SMA 10 Low
* Or when bearish MACD confirmation appears
For SELL trades:
* Exit occurs when price closes above SMA 10 High
* Or when bullish MACD confirmation appears
This allows profits to run while providing adaptive exits.
---
### ATR Sideways Market Filter
ATR is used to measure market volatility and avoid low-momentum conditions.
Signals are filtered when:
* Market volatility is too low
* Price action becomes overly sideways
This reduces unnecessary trades and helps lower brokerage costs in choppy markets.
---
### Optional Strong Candle Filter
An optional candle strength filter can be enabled for stronger confirmations.
* BUY signals require stronger bullish candles
* SELL signals require stronger bearish candles
Useful for traders who prefer fewer but higher-quality entries.
---
# Signal Conditions
## BUY Signal
* MACD line above Signal line
* Price closes above EMA 18
* ATR confirms sufficient volatility
* Optional bullish candle confirmation
## SELL Signal
* MACD line below Signal line
* Price closes below EMA 18
* ATR confirms sufficient volatility
* Optional bearish candle confirmation
## BUY Exit
* Price closes below SMA 10 Low
* Or bearish MACD crossover appears
## SELL Exit
* Price closes above SMA 10 High
* Or bullish MACD crossover appears
---
# Best Used For
* Intraday Trading
* Swing Trading
* Stocks
* Indices
* Futures Trading
* Directional Options Trading
---
# Features
✔ Clean chart with only BUY, SELL, and EXIT signals
✔ Trend + momentum confirmation
✔ Sideways market filtering using ATR
✔ Dynamic trailing exit logic
✔ Optional candle strength confirmation
✔ Designed for directional trading setups
---
# Notes
* This indicator does not plot EMA, SMA, MACD, or ATR lines to keep the chart clean.
* Lower ATR settings may generate more signals.
* Higher ATR settings can help filter weak setups.
* Strong Candle Filter can improve signal quality during volatile markets.
---
# Disclaimer
This script is created for educational and informational purposes only.
Always backtest, forward test, and use proper risk management before using any trading system in live markets.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.