W-X-Y Pattern Auto Targets Pro [JPT]

🔷 OVERVIEW

W-X-Y Pattern Auto Targets Pro [JPT] is an educational price action indicator that automatically detects potential W-X-Y reversal structures using confirmed swing points. When a valid setup is identified, the indicator displays a complete trade framework including an Entry level, Stop Loss, and multiple Take Profit targets.

The indicator is designed to help traders visualize market structure and practice trade planning. It does not predict future price movement or guarantee profitable trades.
🔷 FEATURES

Automatic W-X-Y pattern detection
Bullish and bearish setups
Entry, Stop Loss, TP1, TP2, and TP3 levels
Risk/Reward visualization
EMA 50 & EMA 200 trend filter
Confirmed swing-based structure
Optional alerts for new setups
Clean chart layout with minimal clutter

🔷 HOW IT WORKS

Detects confirmed swing highs and swing lows.
Identifies potential W-X-Y reversal formations.
Applies the optional EMA trend filter for additional market context.
Calculates Entry, Stop Loss, and Take Profit levels based on the detected structure.
Draws the setup directly on the chart for easy analysis

🔷 HOW TO USE

Look for newly detected W-X-Y patterns.
Review the market structure and overall trend before making any trading decisions.
Use the displayed Entry, Stop Loss, and Take Profit levels as a reference for planning trades.
Consider combining this indicator with your own confirmation methods and risk management rules.

🔷 NOTES

Signals are generated from historical and confirmed price structure.
The indicator is intended as an educational and analytical tool.
No indicator can guarantee successful trades, and this script should not be used as the sole

basis for investment or trading decisions.

If you find this project useful your feedback and suggestions are always appreciated Happy trading!

Skrypt open-source

W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.

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Skrypt open-source

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