Protradex By BH

3 янв.

ProTradex by BH is an advanced and versatile TradingView indicator designed for traders aiming to improve their decision-making with precise entry, exit, and risk management signals. This tool combines multiple technical analysis methodologies to offer a comprehensive trading framework for various market conditions.

Key Features:

1. EMA and Trend Analysis:

Utilizes a 50-period EMA for trend confirmation.

Identifies uptrends and downtrends using a simple moving average crossover logic for improved signal accuracy.



2. ATR-Based Risk Management:

Dynamically calculates Stop Loss and Take Profit levels using Average True Range (ATR).

Offers customizable ATR multipliers for tailored risk-reward ratios.



3. RSI for Momentum Analysis:

Includes a 14-period RSI with overbought (70) and oversold (30) levels.

Provides visual insights into potential reversals or continuation opportunities.



4. Fibonacci Retracement Levels:

Automatically plots Fibonacci levels based on recent high and low price ranges.

Assists in identifying key support and resistance zones for entry and exit points.



5. Cloud Filter:

Multi-period EMA-based cloud provides additional trend clarity and market sentiment.



6. Standard Deviation Zones (SD Zones):

Identifies potential overextension with upper and lower deviation bands for mean reversion setups.



7. Visualized Entry and Exit Levels:

Entry price, Stop Loss, and two Take Profit levels are plotted on the chart with clear labels and lines.

Enhances trade visualization for better execution.



8. Signal Highlighting:

BUY and SELL signals are displayed using arrows for easy identification.

Background color changes to reflect the current trend direction.



9. Customizable Inputs:

Fully adjustable settings for EMA periods, ATR multipliers, RSI levels, and more to suit different trading styles and instruments.



10. Interactive Tables:

Real-time display of key metrics such as Entry, Stop Loss, Take Profits, and RSI in intuitive table formats.




Applications:

Scalping: Adaptable to shorter timeframes for quick trades.

Swing Trading: Provides robust tools for identifying medium-term trends and price targets.

Risk Management: Focused on disciplined trading with predefined exit strategies.


ProTradex by BH is a reliable tool for traders of all levels, whether you’re a beginner seeking guidance or an advanced trader refining your edge. Start using it today to make informed, confident trading decisions.

Disclaimer: This indicator is for educational purposes only. Use it in conjunction with proper market analysis and risk management techniques.