OPEN-SOURCE SCRIPT
Pranjal Abhigyan Indicator Pro
ranjal Abhigyan Indicator Pro
The Pranjal Abhigyan Indicator Pro is an advanced multi-timeframe trend-following system built to identify market direction, filter out noise, and manage trades with dynamic risk control.
It is designed around a Parabolic Weighted Moving Average (PWMA) which gives higher importance to recent price action while still maintaining smooth trend structure. The indicator works across higher timeframes using a built-in MTF engine to ensure better trend alignment.
🔷 Core Features
📈 Trend Detection (PWMA System)
The indicator uses a Parabolic Weighted Moving Average (PWMA) to determine the dominant market direction.
Price above PWMA = bullish trend
Price below PWMA = bearish trend
This helps traders stay aligned with the main market structure.
🌊 Volatility Filter (Noise Reduction)
A built-in volatility filter ignores small and unstable movements in price.
It filters out 3–4 candle fake reversals, ensuring that only meaningful trend shifts generate signals.
This helps avoid:
Sideways market traps
False breakouts
Choppy price action signals
🛑 ATR-Based Trailing Stop Loss
The indicator includes a dynamic trailing stop-loss system based on ATR (Average True Range).
SL automatically adjusts based on market volatility
Moves only when price shows significant progress
Helps lock profits while avoiding premature exits
The SL is also direction-aware:
Green = Long protection (bullish trend)
Red = Short protection (bearish trend)
🎯 Minimum SL Movement Filter
To avoid constant SL updates in small fluctuations, a minimum ATR-based movement filter is applied.
This ensures:
No micro-adjustments
No SL noise
Clean and stable trailing behavior
🔄 Trend Confirmation Logic
The system includes internal structure validation inspired by market behavior (CHOCH & BOS logic) to strengthen trend confirmation.
This helps ensure that:
Trend changes are meaningful
Fake reversals are minimized
Continuation trends are respected
💰 Trade Management Levels
The indicator provides automatic trade management zones:
Break-even Level – helps secure risk-free trades
TP1 (First Target) – early profit booking zone
TP2 (Extended Target) – trend continuation target
These levels are based on ATR for dynamic adaptability across all markets.
🎨 Visual Structure
Color-coded PWMA for trend direction
Clean BUY/SELL signals
Minimal chart clutter
Optional visual offset for better alignment
📌 How to Use
Follow PWMA direction for trend bias
Enter trades on confirmed BUY/SELL signals
Use trailing SL for risk management
Book partial profits at TP1 and TP2
Hold trades while trend remains intact
⚡ Summary
The Pranjal Abhigyan Indicator Pro is a complete trading system combining:
Trend identification
Volatility filtering
Dynamic risk management
Structured trade execution
It is designed for traders who prefer clean charts, disciplined entries, and systematic trade management rather than emotional decision-making.
If you want, I can also write:
🔥 Short TradingView title (SEO optimized)
🔥 Tags/keywords list
🔥 Strategy backtest version (with win rate stats format)
The Pranjal Abhigyan Indicator Pro is an advanced multi-timeframe trend-following system built to identify market direction, filter out noise, and manage trades with dynamic risk control.
It is designed around a Parabolic Weighted Moving Average (PWMA) which gives higher importance to recent price action while still maintaining smooth trend structure. The indicator works across higher timeframes using a built-in MTF engine to ensure better trend alignment.
🔷 Core Features
📈 Trend Detection (PWMA System)
The indicator uses a Parabolic Weighted Moving Average (PWMA) to determine the dominant market direction.
Price above PWMA = bullish trend
Price below PWMA = bearish trend
This helps traders stay aligned with the main market structure.
🌊 Volatility Filter (Noise Reduction)
A built-in volatility filter ignores small and unstable movements in price.
It filters out 3–4 candle fake reversals, ensuring that only meaningful trend shifts generate signals.
This helps avoid:
Sideways market traps
False breakouts
Choppy price action signals
🛑 ATR-Based Trailing Stop Loss
The indicator includes a dynamic trailing stop-loss system based on ATR (Average True Range).
SL automatically adjusts based on market volatility
Moves only when price shows significant progress
Helps lock profits while avoiding premature exits
The SL is also direction-aware:
Green = Long protection (bullish trend)
Red = Short protection (bearish trend)
🎯 Minimum SL Movement Filter
To avoid constant SL updates in small fluctuations, a minimum ATR-based movement filter is applied.
This ensures:
No micro-adjustments
No SL noise
Clean and stable trailing behavior
🔄 Trend Confirmation Logic
The system includes internal structure validation inspired by market behavior (CHOCH & BOS logic) to strengthen trend confirmation.
This helps ensure that:
Trend changes are meaningful
Fake reversals are minimized
Continuation trends are respected
💰 Trade Management Levels
The indicator provides automatic trade management zones:
Break-even Level – helps secure risk-free trades
TP1 (First Target) – early profit booking zone
TP2 (Extended Target) – trend continuation target
These levels are based on ATR for dynamic adaptability across all markets.
🎨 Visual Structure
Color-coded PWMA for trend direction
Clean BUY/SELL signals
Minimal chart clutter
Optional visual offset for better alignment
📌 How to Use
Follow PWMA direction for trend bias
Enter trades on confirmed BUY/SELL signals
Use trailing SL for risk management
Book partial profits at TP1 and TP2
Hold trades while trend remains intact
⚡ Summary
The Pranjal Abhigyan Indicator Pro is a complete trading system combining:
Trend identification
Volatility filtering
Dynamic risk management
Structured trade execution
It is designed for traders who prefer clean charts, disciplined entries, and systematic trade management rather than emotional decision-making.
If you want, I can also write:
🔥 Short TradingView title (SEO optimized)
🔥 Tags/keywords list
🔥 Strategy backtest version (with win rate stats format)
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.