𝗔𝗹𝗴𝗼𝗔𝘂𝗿𝗮

"AlgoAura is a technical analysis tool designed to assist traders in identifying potential market trends and managing risk. It combines trend identification, signal generation, and dynamic risk management into a single, customizable indicator.

🔹 Key Features:

• Trend Identification Algorithm: Utilizes a custom 'Algo Sniper' function to filter price data and highlight potential trend direction.
• Entry Signals: Plots non-repainting buy and sell signals on the chart to indicate potential entry points.
• Dynamic Stop-Loss & Take-Profit: Automatically calculates and plots stop-loss and take-profit levels for each signal. It supports both manual (ATR-based) and automatic settings.
• Customizable Info Table: Displays real-time data including current price, entry, stop-loss, take-profit, risk/reward ratio, and trend strength. All colors and parameters in the table are fully adjustable.
• Full Visual Customization: Users can easily change the colors of signals, lines, and table elements to match their charting preferences.

🔹 How it Works:

The indicator calculates a smoothed price range and applies a filter to reduce market noise. When the filtered price direction changes, a signal is generated. Stop-loss levels are calculated based on user-defined risk (ATR) or an automatic pip value. Take-profit levels are also user-defined or can be set to automatic random values.

🔹 Disclaimer:

This script is for educational and informational purposes only. It does not constitute investment advice. Past performance is not indicative of future results. I am not responsible for any financial losses incurred while using this script. Please be aware of the risks involved in trading and trade with caution.