ESTP Meter

Auto Entry/SL/TP + Meter (no dashboard / no MA50 plot / no fixed levels)
Idea
The indicator builds Entry / SL / TP1–TP3 zones and highlights bars when the odds of trend continuation are high. Under the hood it runs a multi-factor Meter with HTF filtering, volume, volatility, and breakout context. It does not draw a dashboard, MA50 line, or fixed levels — only the working zones and setup highlights.
How it works
Signal LONG/SHORT comes from a combo of:
RSI(14), MACD (line/signal/hist), and trend vs SMA50 (used internally only, not plotted).
HTF filter (tfHTF): direction alignment on the higher timeframe via EMA50, RSI, MACD-hist.
Breakout factor: a brLen lookback high/low break in the trend direction boosts the score.
Meter/Score (0–100): weighted sum of RVOL, ATR%, TREND, ADX, BREAK, with a chop penalty when EMA20–EMA50 gap is small.
Bar highlight: when Score ≥ 70 and there’s a breakout in the aligned trend direction.
Zones:
On signal change (bar close) it pins Entry at the close.
SL: at the most recent confirmed pivot (5×5). If no pivot yet, a fallback SL = ±2% from Entry.
TP1/TP2/TP3: from wave = |Entry − SL| using your Fib multipliers.
Zones are drawn 20 bars forward with labels for Entry/SL/TP.
Key Inputs
TP1/TP2/TP3 Fib: 0.618 / 1.0 / 1.618 by default.
HTF (tfHTF): higher-timeframe filter (default 60m).
brLen: breakout lookback (suggest 20–50).
rvolMin / atrNorm: normalization floors for relative volume and ATR%.
emaBandMin: minimum EMA20–EMA50 gap; below this, score is penalized.
showBarHL: toggle bar highlighting.
Note: adxMin is reserved for future use (not enforced as a hard filter in this version).
Practical use
Timeframes: best from M15 to H4. On M1–M5, raise brLen and rvolMin to fight noise.
Markets: liquid futures/crypto/FX. For thin symbols, reduce RVOL impact.
Exits: scale out across TP1/TP2/TP3; after TP1, move to break-even.
Context filter: trade only when HTF & LTF align (built into the logic).
Risk: position size from SL distance; keep risk ≤ 1–2% per trade.
Caveats (repainting / behavior)
Pivot-based SL confirms after 5 bars — by design it’s delayed. Until then, a ±2% safety SL is used.
Zones/labels are placed on bar close when the signal flips — this reduces flicker and intrabar artifacts.
HTF data uses request.security — prefer closed bars to avoid intrabar higher-TF whipsaws.
This is an indicator, not a strategy; no guarantees. Forward-test and tune per market/TF.
Suggested presets
Trend/Swing (H1–H4): brLen=30–50, rvolMin=1.2–1.5, atrNorm=0.02–0.03, emaBandMin=0.002–0.004.
Intraday (M15–M30): brLen=20–30, rvolMin=1.1–1.3, atrNorm=0.03–0.05, emaBandMin=0.0015–0.003.