OPEN-SOURCE SCRIPT
Pivot Points Standard
๐ Indicator Overview
This indicator is an advanced trend-following tool designed to generate entry signals based on EMA 234 and SMA 200, while also providing dynamic ATR-based stop-loss (SL) and take-profit (TP) levels.
Buy (Long) Signal:
Triggered when the price is above both the EMA 234 and SMA 200.
Sell (Short) Signal:
Triggered when the price is below both the EMA 234 and SMA 200.
For each signal, the indicator automatically displays:
โ Entry price,
โ Stop-loss (SL) level,
โ Take-profit (TP) level,
โ Risk amount,
โ Reward amount,
โ Risk/Reward (R/R) ratio.
All past signals and their corresponding entry, SL, and TP levels remain visible on the chart, allowing you to easily review historical trades. Thanks to ATR-based dynamic calculations, stop-loss and take-profit levels adjust to market volatility, providing a flexible and adaptive risk management approach.
โ๏ธ Features
Trend signals based on EMA 234 and SMA 200
Dynamic stop-loss and take-profit levels calculated with ATR
Persistent historical signal tracking (labels remain on the chart)
Automatic risk/reward calculation and display
Clean, user-friendly design for easy interpretation
๐ฌ Usage Tips
When entering a position, consider the displayed risk and reward values for proper risk management. Since stop-loss and take-profit levels adjust dynamically to volatility, manual adjustment is not necessary.
โ ๏ธ Disclaimer
This indicator is not financial advice. It is intended for educational and informational purposes only to support your personal trading analysis and strategy.
โ If you'd like, I can also prepare a shorter summary version or add a Turkish + English bilingual version side by side. Just tell me! ๐
This indicator is an advanced trend-following tool designed to generate entry signals based on EMA 234 and SMA 200, while also providing dynamic ATR-based stop-loss (SL) and take-profit (TP) levels.
Buy (Long) Signal:
Triggered when the price is above both the EMA 234 and SMA 200.
Sell (Short) Signal:
Triggered when the price is below both the EMA 234 and SMA 200.
For each signal, the indicator automatically displays:
โ Entry price,
โ Stop-loss (SL) level,
โ Take-profit (TP) level,
โ Risk amount,
โ Reward amount,
โ Risk/Reward (R/R) ratio.
All past signals and their corresponding entry, SL, and TP levels remain visible on the chart, allowing you to easily review historical trades. Thanks to ATR-based dynamic calculations, stop-loss and take-profit levels adjust to market volatility, providing a flexible and adaptive risk management approach.
โ๏ธ Features
Trend signals based on EMA 234 and SMA 200
Dynamic stop-loss and take-profit levels calculated with ATR
Persistent historical signal tracking (labels remain on the chart)
Automatic risk/reward calculation and display
Clean, user-friendly design for easy interpretation
๐ฌ Usage Tips
When entering a position, consider the displayed risk and reward values for proper risk management. Since stop-loss and take-profit levels adjust dynamically to volatility, manual adjustment is not necessary.
โ ๏ธ Disclaimer
This indicator is not financial advice. It is intended for educational and informational purposes only to support your personal trading analysis and strategy.
โ If you'd like, I can also prepare a shorter summary version or add a Turkish + English bilingual version side by side. Just tell me! ๐
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.