OPEN-SOURCE SCRIPT

Smart Trend Confirmation (STC)

437
🚀 Introducing Smart Trend Confirmation (STC)

Tired of taking trades against the trend? The Smart Trend Confirmation (STC) indicator is designed to help traders identify high-probability setups by combining trend, momentum, and volume into one simple system.

🔍 How It Works

✅ Trend Filter (EMA 200)

- Price above the 200 EMA = Only look for Buy opportunities.
- Price below the 200 EMA = Only look for Sell opportunities.

✅ Pullback Detection (EMA 20)
Instead of chasing price, STC waits for a healthy pullback toward the 20 EMA before looking for an entry.

✅ Momentum Confirmation (RSI)

- RSI above 55 confirms bullish momentum.
- RSI below 45 confirms bearish momentum.

✅ Volume Confirmation
Signals are generated only when trading volume is above its average, helping filter out weak market moves.

✅ ATR-Based Risk Management
The indicator automatically calculates dynamic Stop Loss and Take Profit levels using ATR, adapting to current market volatility.

📈 Buy Conditions

• Price above the 200 EMA
• Pullback near the 20 EMA
• RSI above 55
• Volume above average
• Bullish candle closes

📉 Sell Conditions

• Price below the 200 EMA
• Pullback near the 20 EMA
• RSI below 45
• Volume above average
• Bearish candle closes

⭐ Key Features

✔ Trend-following strategy
✔ Non-repainting signals (generated after candle close)
✔ Dynamic Stop Loss & Take Profit
✔ Buy/Sell alerts
✔ Works on Forex, Crypto, Stocks, and Indices

Best Timeframes: 15M, 1H, and 4H.

⚠️ No indicator is 100% accurate. Always use proper risk management and combine signals with your own market analysis before entering a trade.

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.