SimpleAlgo V1.1

SimpleAlgo V1.1 – Market Structure & Trend Framework

Overview
SimpleAlgo V1.1 is designed to simplify chart analysis by combining trend direction, volatility channels, dynamic support and resistance, and optional breakout logic. The script provides a structured view of market behavior through visual layers built for clarity.

Features
– Adaptive ATR-based trend engine with selectable sensitivity (Conservative, Balanced, Aggressive)
– EMA cloud for short and mid-term momentum structure
– Multi-layer volatility channels based on smoothed Keltner calculations
– Automatic support and resistance levels using pivot logic
– Optional breakout markers for structural highs and lows
– Optional linear regression trend lines with deviation bands
– Long and short markers when price interacts with the trend engine
– Alert conditions for long, short, support break, resistance break, and general signals
– Fully configurable inputs to enable or disable any component


How to Use
– Start by selecting the preferred trend sensitivity.
– Observe price relative to the trend engine to determine directional bias.
– Enable the EMA cloud and volatility channels to assess momentum and volatility conditions.
– Turn on support/resistance and breakout markers to identify structural levels and break conditions.
– Use long/short markers only as visual cues and confirm with additional analysis.
Combine with higher timeframe context and proper risk management.

Disclaimer
This tool is intended for technical analysis and educational purposes only. It does not provide financial advice or guarantee performance. All trading involves risk.