Moons Bearish Pullback Detector

11 часов назад

# Moons Bearish Pullback Detector

## Overview
**Moons Bearish Pullback Detector** is a trend following indicator intended to identify bearish trend pullbacks to enter on price continuation.

This indicator is useful for setting watchlist alerts! Configure your pullback rules and have it monitor your watchlist for you. You will be alerted when pullbacks have occurred and are starting to continue in the trend direction.


## How It Works

### Bearish Trend Detection
The indicator identifies a bearish trend based on a configurable MA basis

### Pullback Identification
Once in a bearish trend, the indicator tracks:

• Swing Lows: Continuously monitors and updates the lowest point in the trend
  
• Pullback Start: Detects the first green candle after establishing new lows
  
• Pullback Duration: Monitors pullback length (configurable number of bars)
  
• Pullback Depth: Ensures pullbacks don't violate a key moving average (optional)
  

### Multi-Layer Filtering System
The indicator employs several optional filters to ensure signal quality:

• Volume Filter: Set a minimum daily volume to ensure sufficient liquidity
  
• Pullback Duration Filter: Pick a min and max bar count you like to see in a pullback.
  
• Pullback Depth Filter: Monitors that pullbacks don't close above the desired EMA, maintaining trend strength
  
• Validation Filter: Checks higher timeframe moving average for trend confirmation
  
• Context Filter: Analyzes even higher timeframe for broader market context
  

### Alert System
The indicator generates alerts when:

• All filtering conditions are met
  
• Price crosses back below the configured alert line
  
• This signals potential continuation of the bearish trend and gives warning to place potential orders
  

## Key Features

### Alerts
The indicator is useful for driving a watchlist alert to notify you when a pullback is starting to continue the trend.

### Visual Elements

• Bollinger Bands: Optional display of 1 and 2 standard deviation bands
  
• Moving Averages: 20 EMA (basis), 50 EMA, and 10 EMA (pullback filter)
  
• Trend High Line: Yellow line showing current swing low during pullbacks
  
• Alert Line: Entry signal line positioned below swing low
  
• Background Highlighting: Gray for normal pullbacks, red tint when rules aren't met
  
• Labels: Price labels at swing lows and depth violation warnings
  
• Wick Detection: Tags bullish and bearish wicks for helpful spotting in your analysis
  

### Information Table
Comprehensive status table to show the state of your filters and rules as price plays out.

### Configuration Options

• Moving average settings
  
• Display Options
  
• Alert Configuration
  
• Filter Settings
  

## Best Use Cases

• Swing Trading: Identify high-probability entries during trend pullbacks
  
• Trend Following: Stay aligned with strong bearish momentum
  
• Risk Management: Multiple filters help avoid false signals
  
• Multi-Timeframe Analysis: Ensures broader market context alignment
  

## Trading Applications
This indicator works best when:

• Markets are in clear downtrends
  
• Sufficient volume is present
  
• Multiple timeframes align
  
• Used in conjunction with proper risk management
  

The Moons Pullback Detector provides traders with a systematic approach to identifying and capitalizing on pullback opportunities in strong bearish trends, combining technical rigor with practical usability.

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*Note: This indicator is for educational purposes. Past performance does not guarantee future results. Always use proper risk management and consider multiple factors when making trading decisions.*

11 часов назад

Информация о релизе

• Updated alert text