PROTECTED SOURCE SCRIPT
Log % Step Engine
Description:
This indicator is a technical analysis tool designed to filter price noise using a logarithmic percentage-step algorithm. Unlike standard linear indicators, this script calculates price movement in geometric terms, ensuring consistent trend sensitivity across all price levels
How it works:
Logarithmic Logic: The indicator triggers a trend change only after the price moves by a specific percentage, calculated in log space. This is ideal for volatile assets like Bitcoin or growth stocks.
Automated Risk Management: Upon a signal, the script automatically identifies a dynamic Stop-Loss based on recent swing highs/lows and projects three Target Profit levels based on 1:1, 1:2, and 1:3 Reward-to-Risk ratios.
Features:
Adaptive Trend Line (Green for Bullish, Red for Bearish).
Visual Buy/Sell Labels with customizable offsets.
Real-time alerts for trend reversals and TP/SL hits.
Adjustable Target Line length for better chart planning.
Educational Disclosure & Risk Warning:This script is provided for educational purposes only. The signals are generated by a fixed mathematical formula and should not be interpreted as financial advice. Trading involves a high risk of capital loss. This tool is designed to help traders visualize risk management frameworks and should be used as part of a broader, verified trading strategy. Past performance does not guarantee future results.
This indicator is a technical analysis tool designed to filter price noise using a logarithmic percentage-step algorithm. Unlike standard linear indicators, this script calculates price movement in geometric terms, ensuring consistent trend sensitivity across all price levels
How it works:
Logarithmic Logic: The indicator triggers a trend change only after the price moves by a specific percentage, calculated in log space. This is ideal for volatile assets like Bitcoin or growth stocks.
Automated Risk Management: Upon a signal, the script automatically identifies a dynamic Stop-Loss based on recent swing highs/lows and projects three Target Profit levels based on 1:1, 1:2, and 1:3 Reward-to-Risk ratios.
Features:
Adaptive Trend Line (Green for Bullish, Red for Bearish).
Visual Buy/Sell Labels with customizable offsets.
Real-time alerts for trend reversals and TP/SL hits.
Adjustable Target Line length for better chart planning.
Educational Disclosure & Risk Warning:This script is provided for educational purposes only. The signals are generated by a fixed mathematical formula and should not be interpreted as financial advice. Trading involves a high risk of capital loss. This tool is designed to help traders visualize risk management frameworks and should be used as part of a broader, verified trading strategy. Past performance does not guarantee future results.
Script protégé
Ce script est publié en source fermée. Cependant, vous pouvez l'utiliser librement et sans aucune restriction – pour en savoir plus, cliquez ici.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script protégé
Ce script est publié en source fermée. Cependant, vous pouvez l'utiliser librement et sans aucune restriction – pour en savoir plus, cliquez ici.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.