OPEN-SOURCE SCRIPT
SNP420_claudos v1.0
Indicator Overview (Work in Progress)
A technical analysis indicator enhanced with a machine learning model. Feedback is welcome.
Chart Elements & Signal Logic
BUY (green label up) – Green arrow below the candle: Long entry signal based on EMA bullish crossover + confirmed trend + RSI confirmation.
★ BUY (strong green) – Brighter green: High-confidence long signal, additionally near support → improved risk-to-reward ratio.
SELL (red label down) – Red arrow above the candle: Short entry signal based on EMA bearish crossover + confirmed trend + RSI confirmation.
★ SELL (strong red) – Brighter red: High-confidence short signal, additionally near resistance.
EXIT (gold ×) – Gold cross: Close position when opposite EMA crossover occurs or RSI reaches extreme levels.
Take Profit (TP) – Green dashed line: Target level, typically set at 2× the Stop Loss distance.
Stop Loss (SL) – Red dashed line: Risk level, typically set at 1.5× ATR.
Entry Line – Solid blue line: Trade entry price.
Dashboard (Top Right Panel)
Trend – Displays current market direction: UP / DOWN / FLAT.
ATR – Shows current volatility in pips.
RSI – Indicates momentum strength (Red > 70 = overbought, Green < 30 = oversold).
Support – Nearest support level below the current price.
Resistance – Nearest resistance level above the current price.
Next Action – Suggested action: BUY / SELL / WAIT.
TP – Recommended Take Profit level.
SL – Recommended Stop Loss level.
Summary
This indicator combines trend-following logic (EMA crossovers), momentum confirmation (RSI), volatility-based risk management (ATR), support/resistance context, and a machine learning layer for filtering and prioritizing signals. The objective is to provide clear, actionable trade signals with predefined risk parameters and improved trade selection.
A technical analysis indicator enhanced with a machine learning model. Feedback is welcome.
Chart Elements & Signal Logic
BUY (green label up) – Green arrow below the candle: Long entry signal based on EMA bullish crossover + confirmed trend + RSI confirmation.
★ BUY (strong green) – Brighter green: High-confidence long signal, additionally near support → improved risk-to-reward ratio.
SELL (red label down) – Red arrow above the candle: Short entry signal based on EMA bearish crossover + confirmed trend + RSI confirmation.
★ SELL (strong red) – Brighter red: High-confidence short signal, additionally near resistance.
EXIT (gold ×) – Gold cross: Close position when opposite EMA crossover occurs or RSI reaches extreme levels.
Take Profit (TP) – Green dashed line: Target level, typically set at 2× the Stop Loss distance.
Stop Loss (SL) – Red dashed line: Risk level, typically set at 1.5× ATR.
Entry Line – Solid blue line: Trade entry price.
Dashboard (Top Right Panel)
Trend – Displays current market direction: UP / DOWN / FLAT.
ATR – Shows current volatility in pips.
RSI – Indicates momentum strength (Red > 70 = overbought, Green < 30 = oversold).
Support – Nearest support level below the current price.
Resistance – Nearest resistance level above the current price.
Next Action – Suggested action: BUY / SELL / WAIT.
TP – Recommended Take Profit level.
SL – Recommended Stop Loss level.
Summary
This indicator combines trend-following logic (EMA crossovers), momentum confirmation (RSI), volatility-based risk management (ATR), support/resistance context, and a machine learning layer for filtering and prioritizing signals. The objective is to provide clear, actionable trade signals with predefined risk parameters and improved trade selection.
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.
24 yoooo!
SNP_420 + Jarvis
5 in investing and 4,5 in traiding
Czechia
SNP_420 + Jarvis
5 in investing and 4,5 in traiding
Czechia
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.
24 yoooo!
SNP_420 + Jarvis
5 in investing and 4,5 in traiding
Czechia
SNP_420 + Jarvis
5 in investing and 4,5 in traiding
Czechia
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.