OPEN-SOURCE SCRIPT
Pearson SL/TP
📘 Description
Pearson SL/TP — Advanced Correlation-Based Strategy with Full Risk Management
The Pearson SL/TP indicator is an advanced market analysis tool that combines Pearson correlation, volatility-based stop/target levels, and dynamic signal strength evaluation.
It is designed for traders who want to visualize potential momentum shifts and risk/reward zones in a single, integrated chart.
🔍 Core Concept
This script measures the **Pearson correlation coefficient between recent price movements and time progression, highlighting potential trend exhaustion or momentum reversals when the correlation reaches extreme values.
* High positive correlation (near +1) → price moving steadily upward → possible overbought condition.
* High negative correlation (near -1) → price moving steadily downward → possible oversold condition.
When these extremes are reached, and confirmed by several internal filters, the script generates LONG or SHORT signals with fully calculated Stop Loss and Take Profit levels.
⚙️ Main Features
📈 Signal Generation
* Uses Pearson correlation as a primary indicator of trend intensity.
* Detects potential reversal zones when correlation crosses user-defined thresholds.
* Optional divergence confirmation enhances signal reliability.
💰 Risk Management
* Stop Loss (SL) and Take Profits (TP1 & TP2) automatically adapt to volatility using the ATR (Average True Range).
* Dynamic risk/reward ratios help assess trade quality.
* Adjustable multipliers let you fine-tune your risk parameters.
🧠 Signal Strength Analysis
Each signal is graded from Weak to Very Strong based on four factors:
1. Volume activity
2. Trend alignment
3. Pearson momentum
4. Correlation change intensity
🎨 Visualization
* Overbought / Oversold background zones
* Signal arrows (LONG / SHORT)
* SL / TP** price levels and labels
* Interactive dashboard** displaying:
* Current Pearson value
* Market state (Overbought / Oversold / Neutral)
* Signal strength
* Latest trade data (Entry, SL, TP1, TP2, Risk:Reward)
🔔 Alerts
Built-in alerts for:
* Confirmed LONG / SHORT signals
* Bullish / Bearish divergences
🧩 Customization
All major parameters — including **Pearson length, thresholds, ATR multipliers, and visual options — are fully customizable.
This allows you to adapt the indicator to any market, timeframe, or trading style.
Pearson SL/TP — Advanced Correlation-Based Strategy with Full Risk Management
The Pearson SL/TP indicator is an advanced market analysis tool that combines Pearson correlation, volatility-based stop/target levels, and dynamic signal strength evaluation.
It is designed for traders who want to visualize potential momentum shifts and risk/reward zones in a single, integrated chart.
🔍 Core Concept
This script measures the **Pearson correlation coefficient between recent price movements and time progression, highlighting potential trend exhaustion or momentum reversals when the correlation reaches extreme values.
* High positive correlation (near +1) → price moving steadily upward → possible overbought condition.
* High negative correlation (near -1) → price moving steadily downward → possible oversold condition.
When these extremes are reached, and confirmed by several internal filters, the script generates LONG or SHORT signals with fully calculated Stop Loss and Take Profit levels.
⚙️ Main Features
📈 Signal Generation
* Uses Pearson correlation as a primary indicator of trend intensity.
* Detects potential reversal zones when correlation crosses user-defined thresholds.
* Optional divergence confirmation enhances signal reliability.
💰 Risk Management
* Stop Loss (SL) and Take Profits (TP1 & TP2) automatically adapt to volatility using the ATR (Average True Range).
* Dynamic risk/reward ratios help assess trade quality.
* Adjustable multipliers let you fine-tune your risk parameters.
🧠 Signal Strength Analysis
Each signal is graded from Weak to Very Strong based on four factors:
1. Volume activity
2. Trend alignment
3. Pearson momentum
4. Correlation change intensity
🎨 Visualization
* Overbought / Oversold background zones
* Signal arrows (LONG / SHORT)
* SL / TP** price levels and labels
* Interactive dashboard** displaying:
* Current Pearson value
* Market state (Overbought / Oversold / Neutral)
* Signal strength
* Latest trade data (Entry, SL, TP1, TP2, Risk:Reward)
🔔 Alerts
Built-in alerts for:
* Confirmed LONG / SHORT signals
* Bullish / Bearish divergences
🧩 Customization
All major parameters — including **Pearson length, thresholds, ATR multipliers, and visual options — are fully customizable.
This allows you to adapt the indicator to any market, timeframe, or trading style.
オープンソーススクリプト
TradingViewの精神に則り、この作者はスクリプトのソースコードを公開しているので、その内容を理解し検証することができます。作者に感謝です！無料でお使いいただけますが、このコードを投稿に再利用する際にはハウスルールに従うものとします。
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。
オープンソーススクリプト
TradingViewの精神に則り、この作者はスクリプトのソースコードを公開しているので、その内容を理解し検証することができます。作者に感謝です！無料でお使いいただけますが、このコードを投稿に再利用する際にはハウスルールに従うものとします。
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。