Gong's_indicator

Key Features
Visualize buy/sell segments

Green area: long range, profit and loss ratio advantage.
Red area: Short section, profit-loss ratio glass.
Purple line: stop loss baseline.
Generating an entry signal

RSI-based detection of overbought and oversold conditions.
When a signal occurs, the buy/sell target price and stop-loss are displayed along with the label.
3 diamonds: indicates a large rise/fall in a short period of time.
Capture the inflection point

It captures the inflection point immediately after the big rise/fall in the short term, providing trading opportunities.
Channel gap size varies with short-term variability.
How to use it
Hedge mode is recommended

Trading in Hedge mode is recommended because the same position can be created multiple times.
It's also a good strategy to trade in one direction while identifying big trends.
a trading strategy

Open position in green/red section, set purple line to stop.
The target price is set based on a 1:1 or higher profit or loss ratio calculation or a possible technical reversal.
In the event of a stop, the opposite direction can be switched when the gray section is touched.
Correspond to trend intervals

Suitable for lateral intervals, but a trend can increase the likelihood of continuous loss.
In the event of a large reversal after the stop, additional entry is possible in the green/red section again.
Script Behavior Summary
The RSI value and the Donchian Channel are combined to generate a signal.
Auto-calculating and labelling the stoppage and target price.
In sections where strong variability occurs, additional signals (diamonds) require attention.
precautions
Recommended for use in lateral sections:
Script performance may be degraded in highly trending markets.
Built-in Target/Stops Complement:
It is recommended to adjust the target price and the stoppage to the individual's standards in parallel with the technical analysis.
Frame Conformity:
Works best in chart frames under 15 minutes.