BB Re-entry HUD

1) What this script does

This indicator is an BB Re-entry HUD

Core idea:

Price sweeps outside BB (often liquidity wick sweep)

Re-enters back inside BB within 1–2 bars

Multiple ELITE++ filters reduce fake signals

HUD scores follow-through strength (trend & momentum confirmation)

2) ELITE++ Re-entry Signal Logic

A BUY/SELL signal is triggered when:

One of the previous 1–2 bars moved outside BB (wick or close, selectable)

Current bar re-enters BB (optionally requires close inside)

Optional filters confirm signal quality:

Outside depth minimum (% of BB width)

Candle direction confirmation (Buy=green, Sell=red)

Re-entry close crosses previous candle 50%

Zone filter near BB edges

Touch filter: wick touches the band

Squeeze → Expand regime requirement

Cooldown to avoid rapid repeat signals

3) Trade Power HUD (0–5 Scoring)

After a signal, HUD evaluates either on the next bar (recommended) or the same bar.

Score components (1 point each):

Structure: short-term structure aligns with direction

Impulse Body: body > average body

Volume: volume > volume MA

BB Trend + Expand: price on trend side + BB width expanding

RSI + ATR: RSI threshold + ATR expanding

Interpretation:

4–5/5 = STRONG → Hold / Trail

2–3/5 = MID → Take partial / be cautious

0–1/5 = WEAK → Higher chance of fakeout

4) How to use (practical)

Enable BB plots and arrows

Wait for BUY/SELL signal

Check HUD score:

4–5: higher follow-through probability

2–3: quick TP / reduced size

0–1: skip or wait for better confirmation

Works well on 5m–15m (intraday) and 1H (smoother swings).

5) Notes

This is not a standalone holy grail—best used with support/resistance and market structure context.
Volatile news periods may produce multiple band breaks—use squeeze/cooldown filters accordingly.