OPEN-SOURCE SCRIPT
NO TRADE_Pattern Signals[Golden_WolfAI]
Golden_WolfAI — NO TRADE → Pattern Signals
This indicator looks for trading signals only after price exits the NO TRADE zone.
How it works:
1. NO TRADE zone
The indicator builds a zone around VWAP using standard deviation. While price remains inside this zone, the market is considered neutral, and no signals are generated.
2. Exit from NO TRADE
A signal can appear only when price exits the NO TRADE zone. This helps filter out sideways market conditions and low-directional movement.
3. Trend filter
A moving average is used as a trend filter. The user can choose between SMA and EMA.
LONG signals are allowed only when price is above the MA.
SHORT signals are allowed only when price is below the MA.
4. Candlestick patterns
The indicator checks several candlestick formations:
• Engulfing
• Harami
• Hammer / Hanging Man
• Morning Star / Evening Star
• Piercing Line / Dark Cloud Cover
• REB
• Sweep
• Body Dominance
Each pattern type can be enabled or disabled in the settings.
5. Signal conditions
A LONG signal appears when price exits the NO TRADE zone, a bullish pattern is detected, and price is above the MA.
A SHORT signal appears when price exits the NO TRADE zone, a bearish pattern is detected, and price is below the MA.
The indicator displays:
• VWAP
• Upper and lower NO TRADE zone boundaries
• Moving Average
• LONG and SHORT labels
• A table showing market status, trend direction, and current signal
The script also includes alert conditions for LONG and SHORT signals, allowing users to create TradingView alerts.
Important: this is an indicator, not a strategy. It does not open or close trades and is not designed for direct backtesting in the Strategy Tester. Signals should be used as an analytical tool and require additional confirmation before making trading decisions.
Subscribe to Golden_WolfAI
This indicator looks for trading signals only after price exits the NO TRADE zone.
How it works:
1. NO TRADE zone
The indicator builds a zone around VWAP using standard deviation. While price remains inside this zone, the market is considered neutral, and no signals are generated.
2. Exit from NO TRADE
A signal can appear only when price exits the NO TRADE zone. This helps filter out sideways market conditions and low-directional movement.
3. Trend filter
A moving average is used as a trend filter. The user can choose between SMA and EMA.
LONG signals are allowed only when price is above the MA.
SHORT signals are allowed only when price is below the MA.
4. Candlestick patterns
The indicator checks several candlestick formations:
• Engulfing
• Harami
• Hammer / Hanging Man
• Morning Star / Evening Star
• Piercing Line / Dark Cloud Cover
• REB
• Sweep
• Body Dominance
Each pattern type can be enabled or disabled in the settings.
5. Signal conditions
A LONG signal appears when price exits the NO TRADE zone, a bullish pattern is detected, and price is above the MA.
A SHORT signal appears when price exits the NO TRADE zone, a bearish pattern is detected, and price is below the MA.
The indicator displays:
• VWAP
• Upper and lower NO TRADE zone boundaries
• Moving Average
• LONG and SHORT labels
• A table showing market status, trend direction, and current signal
The script also includes alert conditions for LONG and SHORT signals, allowing users to create TradingView alerts.
Important: this is an indicator, not a strategy. It does not open or close trades and is not designed for direct backtesting in the Strategy Tester. Signals should be used as an analytical tool and require additional confirmation before making trading decisions.
Subscribe to Golden_WolfAI
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.