Timbuktu V - Pulsar Trend

17 jam yang lalu

Timbuktu V - Pulsar Trend
Timbuktu V - Pulsar Trend is a specialized trend-following and market structure indicator designed to pinpoint high-probability reversal points (Lower Highs and Higher Lows) by combining structural analysis with momentum filtering.

This script is built for traders who prioritize precision over frequency, using a triple-filter logic to ensure signals align with both the immediate price action and the broader trend.

Core Functionality
The indicator operates on three layers of confirmation:

Market Structure Detection: It identifies pivot points to track the hierarchy of highs and lows. It specifically targets Lower Highs (LH) in bearish setups and Higher Lows (HL) in bullish setups.

HMA Trend Filter: To ensure you stay on the right side of the market, the script uses a Hull Moving Average (HMA). Signals are only triggered if the price is trading below the HMA for shorts or above it for longs.

Price Action Validation: Unlike standard pivot indicators, the "Pulsar" logic requires the signal candle to close in the direction of the trade (Red candle for LH, Green candle for HL), reducing "fakeouts" during low-volatility periods.

Key Features
Strict Structural Logic: It doesn't just mark every pivot; it specifically looks for structural shifts (LH/HL) that indicate a trend continuation or a strong pullback entry.

Hull MA Integration: Leverages the low-lag nature of the HMA to provide a dynamic trend baseline.

Clean Visuals: Simple triangle shapes (Up for Long, Down for Short) keep your charts clean and readable.

Fully Alert-Ready: Includes a unified alert condition Entry Pulsar Trend that triggers whenever a valid structural signal is confirmed.

Settings & Optimization
Pivot Strength / Confirmation: Adjust these to fine-tune how "significant" a high or low must be. Higher values are better for swing trading, while lower values suit scalping.

HMA Period: Defaulted to 200 for a macro trend filter, but can be shortened (e.g., 50 or 100) for more aggressive entries.

How to Use
Long Entry (HL): Look for the Green Triangle. This appears when the market makes a Higher Low above the HMA with a bullish candle close.

Short Entry (LH): Look for the Red Triangle. This appears when the market makes a Lower High below the HMA with a bearish candle close.

Disclaimer: This indicator is a technical tool and does not guarantee profits. Past performance is not indicative of future results. Always use proper risk management.

14 jam yang lalu

Catatan Rilis

The ATR indicator has been added with the following color coding: Grey indicates low volatility, Green represents moderate volatility, and Orange signals high volatility.