OPEN-SOURCE SCRIPT
Algo Trend TP — Multi-System Trend Indicator
**Algo Trend TP** is a complete all-in-one trend analysis system that combines several professional tools into one powerful indicator.
It delivers a full multi-layer view of market direction, precise buy/sell signals, and automatic TP & SL levels for smarter trade management.
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#### ⚙️ **Core Components**
1. **Heikin Ashi Visualization**
* Displays smooth Heikin Ashi candles integrated into the chart.
* Dynamic candle coloring based on current trend direction (bullish/bearish).
2. **EMA Trend Cloud**
* Includes 5 EMAs (9, 21, 55, 100, 200, 300).
* Creates a trend “cloud” highlighting direction and strength.
* Automatically changes colors between bullish and bearish phases.
3. **Half Trend Filter**
* Confirms market direction and filters false signals.
* Detects wave shifts and smooths short-term volatility.
4. **SuperTrend + Signal Engine**
* Generates smart **Buy/Sell** signals based on ATR-driven SuperTrend logic.
* Signals are validated by the active EMA trend color for higher accuracy.
5. **TP & SL Auto-Levels**
* Automatically calculates Take Profit and Stop Loss levels using fractal highs/lows.
* Displays target labels and guide lines directly on the chart for clarity.
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#### 🎯 **Key Features**
* Elegant, easy-to-read design for all timeframes.
* Combines short-, medium-, and long-term trend detection.
* Generates highly filtered trade signals with multi-factor confirmation.
* Integrated trade management (TP1, TP2, TP3, and SL).
* Fully customizable color themes and style options.
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#### 💡 **Usage Tips**
* Best used on higher timeframes (1H, 4H, or 1D) for strong, reliable signals.
* Wait for alignment between candle color, EMA cloud, and Half Trend before entering.
* Combine with momentum or volume indicators (e.g., RSI, VWAP) for extra confirmation.
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**By:** *Alrussi*
**Version:** 6.0
**Category:** Trend • Signal • Management
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It delivers a full multi-layer view of market direction, precise buy/sell signals, and automatic TP & SL levels for smarter trade management.
---
#### ⚙️ **Core Components**
1. **Heikin Ashi Visualization**
* Displays smooth Heikin Ashi candles integrated into the chart.
* Dynamic candle coloring based on current trend direction (bullish/bearish).
2. **EMA Trend Cloud**
* Includes 5 EMAs (9, 21, 55, 100, 200, 300).
* Creates a trend “cloud” highlighting direction and strength.
* Automatically changes colors between bullish and bearish phases.
3. **Half Trend Filter**
* Confirms market direction and filters false signals.
* Detects wave shifts and smooths short-term volatility.
4. **SuperTrend + Signal Engine**
* Generates smart **Buy/Sell** signals based on ATR-driven SuperTrend logic.
* Signals are validated by the active EMA trend color for higher accuracy.
5. **TP & SL Auto-Levels**
* Automatically calculates Take Profit and Stop Loss levels using fractal highs/lows.
* Displays target labels and guide lines directly on the chart for clarity.
---
#### 🎯 **Key Features**
* Elegant, easy-to-read design for all timeframes.
* Combines short-, medium-, and long-term trend detection.
* Generates highly filtered trade signals with multi-factor confirmation.
* Integrated trade management (TP1, TP2, TP3, and SL).
* Fully customizable color themes and style options.
---
#### 💡 **Usage Tips**
* Best used on higher timeframes (1H, 4H, or 1D) for strong, reliable signals.
* Wait for alignment between candle color, EMA cloud, and Half Trend before entering.
* Combine with momentum or volume indicators (e.g., RSI, VWAP) for extra confirmation.
---
**By:** *Alrussi*
**Version:** 6.0
**Category:** Trend • Signal • Management
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Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.