Smart Entry Zones [StrixEDGE]

█ OVERVIEW

StrixEDGE Smart Entry Zones is a multi-layered trend-following indicator that generates clearly defined trade setups with automatic Entry, Take Profit (TP 1–3), and Stop Loss (SL) levels — all plotted directly on the chart with exact prices and percentage targets.

The indicator is built on three independent analytical layers that work together to assess both timing and conviction:

• Supertrend — determines trend direction and triggers trade levels on each confirmed flip
• Fisher Transform — identifies overbought/oversold extremes for timing quality
• Chaikin Money Flow (CMF) — confirms whether volume supports the directional move

Trade levels appear the moment the Supertrend changes direction. The Fisher Transform and CMF score the quality of each setup on a scale of 1/3 to 3/3 conditions, so you always know how much confirmation backs the signal.


█ HOW IT WORKS

When the Supertrend flips from bearish to bullish, the indicator draws a LONG setup:
• Entry — at the close of the flip candle
• TP 1, TP 2, TP 3 — calculated as multiples of the risk (SL distance), based on your chosen Risk:Reward ratios
• SL — placed below entry at a distance of ATR × your chosen multiplier

When the Supertrend flips from bullish to bearish, a SHORT setup is drawn with the same structure, mirrored.

Each level displays the exact price and the percentage distance from entry (e.g., +4.12%, −2.27%), so you can instantly assess the reward-to-risk profile of every trade.


█ LIVE HIT DETECTION

The indicator tracks price in real time against active levels:
• ✓ appears on the chart when price reaches TP 1, TP 2, or TP 3
• ✕ appears when price hits the Stop Loss
• Once SL is hit, the trade is considered closed — no further TP checks
• Hit status is also reflected in the data table (✓ or ✕ next to each level)

This gives you a clear visual record of how each setup performed without leaving the chart.


█ THE THREE CONFIRMATION LAYERS

1. Supertrend (Direction)
Uses ATR-based dynamic support/resistance to define the prevailing trend. A flip in direction is the primary trigger for new trade levels. Configurable via ATR Period and Multiplier.

2. Fisher Transform (Timing)
A manually calculated oscillator that normalizes price position within its recent range and applies a logarithmic transformation to amplify extremes. When the Fisher value crosses its signal line at overbought or oversold levels, it confirms favorable entry timing. The threshold is adjustable.

3. Chaikin Money Flow (Volume)
Measures the accumulation/distribution pressure over a configurable period. Positive CMF above the threshold confirms buying pressure (for longs); negative CMF below the threshold confirms selling pressure (for shorts).

The Conditions counter in the data table shows how many of the three layers support the current setup (1/3, 2/3, or 3/3). A 3/3 reading means trend, timing, and volume are all aligned — the highest-conviction scenario.


█ SETTINGS

Core Parameters:
• Supertrend ATR Period (default: 10) — lookback for trend calculation
• Supertrend Multiplier (default: 3.0) — band width; lower = more signals, higher = fewer but stronger
• Fisher Transform Lookback (default: 10) — normalization window
• Fisher Extreme Threshold (default: 1.0) — defines overbought/oversold boundary
• CMF Period (default: 20) — volume pressure measurement window
• Minimum CMF Threshold (default: 0.05) — minimum reading for volume confirmation

Trade Levels:
• ATR Period for Levels (default: 14) — ATR used to calculate TP/SL distances
• SL Distance in ATR multiples (default: 1.5×) — how far the stop is placed
• TP1 / TP2 / TP3 Risk:Reward (defaults: 1.0 / 2.0 / 3.0) — each TP as a multiple of the SL distance
• Line Length in bars (default: 30) — how far the level lines extend on chart
• Show Trade Levels — toggle lines and labels on/off

Table Settings:
• Size (Tiny to Huge) and Position (any corner) — fully customizable
• Show/Hide toggle


█ DATA TABLE

A dark-header Style A panel displays all key metrics at a glance:
• Trend direction and current Fisher/CMF readings
• Conditions score (1/3, 2/3, or 3/3)
• Active trade direction (LONG ▲ or SHORT ▼)
• Entry price, TP 1–3 with percentage targets, and SL with percentage risk
• Live hit status: ✓ next to reached TPs, ✕ next to triggered SL


█ NOTES

• No repainting — all signals are based on confirmed bar closes. The Supertrend flip and Fisher Transform are calculated on closed data only.
• The Fisher Transform is manually implemented (not a built-in function) to ensure full transparency and consistency.
• This indicator is an analytical tool, not financial advice. Always use proper risk management and confirm setups with your own analysis.


█ ALERTS

Two built-in alert conditions:
• Supertrend Long — fires when Supertrend flips bullish
• Supertrend Short — fires when Supertrend flips bearish

Set alerts on any timeframe to receive notifications when new trade setups appear.