Najs Pullback Candle v2

This script is designed as a pullback indicator specifically tailored for intraday traders and scalpers who rely on quick, precise decision-making. Its primary purpose is to identify areas on the chart where the market has temporarily moved against the prevailing trend—creating potential opportunities to enter trades with the trend at a more favorable price.

By highlighting these pullback setups, the script effectively establishes a structured trading window that reduces uncertainty and emotion in the heat of the moment. Instead of relying on instinct or guesswork, you’re provided with a clear entry signal directly on the chart. At the same time, the indicator framework inherently suggests a defined stop loss level, giving you a disciplined approach to risk management.

For scalpers and short-term intraday traders, this translates to several advantages:

Consistency: You can repeat the same process every time the conditions are met, rather than improvising.

Clarity: Entry and stop levels are visually marked, so there’s no ambiguity about where you should act.

Speed: Because the rules are coded, you don’t waste precious seconds analyzing or second-guessing—ideal for fast-moving markets.

In short, the pullback indicator functions like a trading playbook embedded in your chart. It defines when to engage, where to protect yourself, and how to align with the trend, allowing you to trade more confidently and systematically.