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Trend Lines + Figure Detect (cross) SL + TP + RSI + Posicion

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Description:
This indicator works with 2 main set ups.
1.-Price Action: 2 Trending lines : 1 superior with relevant high at 120 periods and 1 inferior with releveant lows of 120 perios.
2.-(hiden) 2 RSI Trending lines (based on 14 period and close) : 1 superior trend line with relevant high at 120 periods and 1 inferior trend line with releveant lows of 120 perios.

This indicador works as follows:
1.- Indicator detect chart form with trend lines and based on the last bar to 120 candles before.
Chart detected:
1.- Wedges = Cuña
2.- Chanels = Canal

2.- Indicador calculate trend lines superior and inferior of RSI with 120 candels previus.

2.- The indicator activate alerts once these conditions presented at the same time:
a) Price breake above trend line superior or breake under line inferior.
b) RSI brease above trend line superior or inferior.

How to use:
1.- Add indicator
2.- Indicator will show
*Buy / Sell Alerts.
3.- Stop Loss (Red Line) and Take Profit (Green Line) will be calculated automatically based on trading system theory with wedges and chanels.
4.- In Buy postion take Profit will be recalculated once new lows above the stop loss are presented.
In Sell postion take Profit will be recalculated once new lows above the stop loss are presented.
5.- Once price achiece take porfit level it will trigert an alert.
6.- Trade will be closed when Price cross the Stop Loss or Take Profit Dinamic.

Originality:
This is based on what I would like to know before start trading and loos a lot of money buying or selling with out any strategy regarding risk management, trade management, set up entry and close levels.

Risk Management:

Paramenters:
Risk = 1%
Capital = Variable Account Capital.
These 2 variables that the user can change, the indicator will sugget the lot size on that trade to avoid loose more that 1% of the capital in case the trade close with losss.





リリースノート
+ I have added 1 additional criteria to improve accuracy, reduce noise:
*Consider new lows to enter in Sell Position.
*Consider new highs to enter in Buy Position.
リリースノート
Update Script

I have added ATR for calculation of Stop Loss, in order to reduce noise.

The next version will include Support and resitance based on volumne.
リリースノート
Added
ATR
Stop Continue the position after TP to creas a new one
Added Visual Aids to see
Risk / R/R / Profit and Loss
リリースノート
Updated Alert Option
リリースノート
1.- Staring 1 Jan 2024 the indicador will be private- Accees per month 15 usd.

Update:
1.- Bug that crased the indicator in some conditions.
2.- Alerts added - Buy / Sell / Take Profit / Stop Loss
3.- Calculation of Qty. of position WIN & Loss updated.
リリースノート
*Updated Alerts for Take Profit.
*Updated Description of Table indicator.

¡Remider! This indicator will be available with invitation only starting January 1st.


リリースノート
*Correction Previous version.

リリースノート
* Alert Close_Buy Added
リリースノート
*Alerts corrected

¡Remider! This indicator will be available with invitation only starting January 1st 2025.
リリースノート
Huge Update:

1.- Configuration options updated, removed options no used.
2.- Risk Reward rate now is available as variable to test set ups to increase W/L Rate. Defaiul 1:2.
3.- Added a table to validate strategy W/L required based on Risk Rewar Rate.
3.- Risk Account % per trade is now variable. (You can select the percent of the accout you will risk per trade)
4.- Stop Loss Alert specified.
5.-Added Information of cacluation: the Lot Size, and suggested leverage.

*Frielndly Reminder: This indicator will be invitation only starting 1 Jan 2025.
Bands and ChannelsCentered Oscillatorspivot

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