OPEN-SOURCE SCRIPT
SIOVERSE Signals With TP/SL
Fractal Support/Resistance with EMA 100, Buy/Sell Signals, and TP/SL
This indicator identifies fractal-based support and resistance levels while incorporating EMA 100 as a trend filter. It generates buy and sell signals based on price crossing EMA 20 high/low, ensuring alignment with the overall trend.
Key Features:
Fractal Support & Resistance: Plots dashed lines at key levels.
EMA 100 Filter: Helps identify the primary trend.
Buy/Sell Signals: Based on price breaking EMA 20 with trend confirmation.
Take Profit & Stop Loss Levels: Automatically calculates TP1 (1:1.5), TP2 (1:3), and TP3 (1:5) based on risk-reward ratios.
Break Detection: Removes signals if price hits SL and marks "Break" on the chart.
Ideal for traders looking to combine trend-following strategies with fractal-based support/resistance levels for better trade management.
This indicator identifies fractal-based support and resistance levels while incorporating EMA 100 as a trend filter. It generates buy and sell signals based on price crossing EMA 20 high/low, ensuring alignment with the overall trend.
Key Features:
Fractal Support & Resistance: Plots dashed lines at key levels.
EMA 100 Filter: Helps identify the primary trend.
Buy/Sell Signals: Based on price breaking EMA 20 with trend confirmation.
Take Profit & Stop Loss Levels: Automatically calculates TP1 (1:1.5), TP2 (1:3), and TP3 (1:5) based on risk-reward ratios.
Break Detection: Removes signals if price hits SL and marks "Break" on the chart.
Ideal for traders looking to combine trend-following strategies with fractal-based support/resistance levels for better trade management.
Skrip open-source
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