OPEN-SOURCE SCRIPT
Follow Trend Level 1 [ SFI ]
This indicator is designed to help traders identify trend direction and optimal pullback areas using a volatility-adjusted framework.
Instead of relying on fixed price distances, this script dynamically adapts to market conditions by measuring the current price range using smoothed volatility. This allows it to highlight potential entry zones that are aligned with the ongoing trend.
━━━━━━━━━━━━━━━━━━
CORE CONCEPT
━━━━━━━━━━━━━━━━━━
The indicator combines two main components:
1. Trend Engine
A dual EMA-based structure defines the trend direction. A dynamic level is maintained to track whether the market is in a bullish or bearish state. This creates a smooth trend-following visual that adapts to changing conditions.
2. Dynamic Seed Zones
The script calculates the current market range using volatility. Based on that range, it highlights specific pullback areas:
• Aggressive Zone (50%–65% of range)
• Safe Zone (65%–77% of range)
These zones represent areas where price has retraced deeply within the current trend.
━━━━━━━━━━━━━━━━━━
HOW IT WORKS
━━━━━━━━━━━━━━━━━━
• In an uptrend:
Zones are projected from the lower boundary upward.
• In a downtrend:
Zones are projected from the upper boundary downward.
The zones adjust dynamically as volatility expands or contracts.
━━━━━━━━━━━━━━━━━━
HOW TO USE
━━━━━━━━━━━━━━━━━━
• Identify the trend direction using the color of the trend structure
• Wait for price to enter a highlighted zone
• Look for confirmation from your own trading strategy
This tool does not generate trading signals by itself. It is designed to assist traders in understanding market positioning and potential pullback areas.
━━━━━━━━━━━━━━━━━━
IMPORTANT NOTES
━━━━━━━━━━━━━━━━━━
• This script is not a trading system or financial advice
• It should be used alongside a well-defined strategy
• Market conditions can change rapidly, always manage risk accordingly
━━━━━━━━━━━━━━━━━━
This script focuses on clarity and adaptability, helping traders better understand where price is located within the current market structure.
Instead of relying on fixed price distances, this script dynamically adapts to market conditions by measuring the current price range using smoothed volatility. This allows it to highlight potential entry zones that are aligned with the ongoing trend.
━━━━━━━━━━━━━━━━━━
CORE CONCEPT
━━━━━━━━━━━━━━━━━━
The indicator combines two main components:
1. Trend Engine
A dual EMA-based structure defines the trend direction. A dynamic level is maintained to track whether the market is in a bullish or bearish state. This creates a smooth trend-following visual that adapts to changing conditions.
2. Dynamic Seed Zones
The script calculates the current market range using volatility. Based on that range, it highlights specific pullback areas:
• Aggressive Zone (50%–65% of range)
• Safe Zone (65%–77% of range)
These zones represent areas where price has retraced deeply within the current trend.
━━━━━━━━━━━━━━━━━━
HOW IT WORKS
━━━━━━━━━━━━━━━━━━
• In an uptrend:
Zones are projected from the lower boundary upward.
• In a downtrend:
Zones are projected from the upper boundary downward.
The zones adjust dynamically as volatility expands or contracts.
━━━━━━━━━━━━━━━━━━
HOW TO USE
━━━━━━━━━━━━━━━━━━
• Identify the trend direction using the color of the trend structure
• Wait for price to enter a highlighted zone
• Look for confirmation from your own trading strategy
This tool does not generate trading signals by itself. It is designed to assist traders in understanding market positioning and potential pullback areas.
━━━━━━━━━━━━━━━━━━
IMPORTANT NOTES
━━━━━━━━━━━━━━━━━━
• This script is not a trading system or financial advice
• It should be used alongside a well-defined strategy
• Market conditions can change rapidly, always manage risk accordingly
━━━━━━━━━━━━━━━━━━
This script focuses on clarity and adaptability, helping traders better understand where price is located within the current market structure.
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。