OPEN-SOURCE SCRIPT
F-GEM Trend & Momentum System
Description:
This indicator is the official algorithmic representation of the Flashwave ELITE trading module. Built for disciplined traders, it eliminates market noise and focuses purely on high-probability trend continuation setups based on Jesse Livermore's "Line of Least Resistance" logic.
The system relies on a strict combination of Moving Averages, Market Structure, and Price Action to identify precise entry points.
⚙️ Core Mechanics:
#Directional Filter (EMA 100 - White Line): Determines the macro trend. We only look for LONGs when the price and EMA 20 are above a rising EMA 100. We only look for SHORTs when they are below a falling EMA 100.
#Momentum Trigger (EMA 20 - Blue Line): Identifies the pullback zone. The script waits for the price to retest the EMA 20 to ensure we enter with momentum.
#Pivotal Point Structure: Uses algorithmic pivot highs and lows to map local structure and identify the boundaries of recent corrections.
#Price Action Confirmation: Triggers a signal ONLY when a valid reversal candle (Engulfing, Pin Bar, or Hammer) closes beyond the established Pivotal Point. The market must prove its strength before entry.
🚀 How to Read the Signals:Green Triangle (LONG): Printed below the bar when a bullish pullback completes and breaks the local Pivotal Point, perfectly aligned with the rising EMA 100 trend. Red Triangle (SHORT): Printed above the bar when a bearish pullback completes and breaks the local Pivotal Point, perfectly aligned with the falling EMA 100 trend.
⚠️ F-GEM Pro Tips & Risk Management:
This indicator is a powerful tool, but it requires strict human execution:Avoid Consolidation : If the EMA 100 is flat and the EMA 20 crosses it chaotically, IGNORE THE SIGNALS. The system dictates: Zero trades = Zero losses. You do not trade if the market does not give you an edge. Risk to Reward (RR): The core philosophy of Flashwave ELITE demands a minimum RR of 1:2 or 1:3
Set your Stop Loss tightly behind the entry candle and your Take Profit strictly at 1:3
Never close a position purely based on emotions.
Patience is profit. Let the market prove its direction.
This indicator is the official algorithmic representation of the Flashwave ELITE trading module. Built for disciplined traders, it eliminates market noise and focuses purely on high-probability trend continuation setups based on Jesse Livermore's "Line of Least Resistance" logic.
The system relies on a strict combination of Moving Averages, Market Structure, and Price Action to identify precise entry points.
⚙️ Core Mechanics:
#Directional Filter (EMA 100 - White Line): Determines the macro trend. We only look for LONGs when the price and EMA 20 are above a rising EMA 100. We only look for SHORTs when they are below a falling EMA 100.
#Momentum Trigger (EMA 20 - Blue Line): Identifies the pullback zone. The script waits for the price to retest the EMA 20 to ensure we enter with momentum.
#Pivotal Point Structure: Uses algorithmic pivot highs and lows to map local structure and identify the boundaries of recent corrections.
#Price Action Confirmation: Triggers a signal ONLY when a valid reversal candle (Engulfing, Pin Bar, or Hammer) closes beyond the established Pivotal Point. The market must prove its strength before entry.
🚀 How to Read the Signals:Green Triangle (LONG): Printed below the bar when a bullish pullback completes and breaks the local Pivotal Point, perfectly aligned with the rising EMA 100 trend. Red Triangle (SHORT): Printed above the bar when a bearish pullback completes and breaks the local Pivotal Point, perfectly aligned with the falling EMA 100 trend.
⚠️ F-GEM Pro Tips & Risk Management:
This indicator is a powerful tool, but it requires strict human execution:Avoid Consolidation : If the EMA 100 is flat and the EMA 20 crosses it chaotically, IGNORE THE SIGNALS. The system dictates: Zero trades = Zero losses. You do not trade if the market does not give you an edge. Risk to Reward (RR): The core philosophy of Flashwave ELITE demands a minimum RR of 1:2 or 1:3
Set your Stop Loss tightly behind the entry candle and your Take Profit strictly at 1:3
Never close a position purely based on emotions.
Patience is profit. Let the market prove its direction.
Скрипт с открытым кодом
В истинном духе TradingView, создатель этого скрипта сделал его открытым исходным кодом, чтобы трейдеры могли проверить и убедиться в его функциональности. Браво автору! Вы можете использовать его бесплатно, но помните, что перепубликация кода подчиняется нашим Правилам поведения.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Скрипт с открытым кодом
В истинном духе TradingView, создатель этого скрипта сделал его открытым исходным кодом, чтобы трейдеры могли проверить и убедиться в его функциональности. Браво автору! Вы можете использовать его бесплатно, но помните, что перепубликация кода подчиняется нашим Правилам поведения.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.