TOL LANGIT ATR v7 - AI Enhanced

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The TOL LANGIT ATR v7 is an adaptive technical indicator designed to identify market trends, support and resistance levels, and breakout points. It uses the Average True Range (ATR) and volatility to dynamically adjust trend bands, with visual markers for buy and sell signals. The indicator also highlights key support (blue) and resistance (orange) levels, and alerts users when these levels are broken. It’s perfect for trend following, breakout trading, and reversal strategies, and includes easy-to-set alerts for key market changes.

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### **How to Use the TOL LANGIT ATR v7 Indicator with Support and Resistance**

The **TOL LANGIT ATR v7** is a technical analysis indicator designed to help traders identify market trends, support and resistance levels, and breakout points. It dynamically adjusts to market volatility, making it more adaptive in different market conditions. The indicator also includes buy and sell signals based on trend changes, support/resistance breaks, and highlights for easier decision-making.

### **Key Features of the Indicator:**
1. **ATR-Based Trend Bands**: The indicator calculates **upper** and **lower bands** based on the **Average True Range (ATR)**, adjusted for market volatility.
2. **Support and Resistance Levels**: Dynamic **support** (blue line) and **resistance** (orange line) levels are calculated based on historical price action.
3. **Breakout Detection**: Alerts and visual markers appear when the price breaks key **support** or **resistance** levels, signaling potential entry/exit points.
4. **Trend Identification**: The indicator plots **uptrend** and **downtrend** signals, highlighting the prevailing market direction.
5. **Buy/Sell Signals**: Based on trend changes, buy and sell signals are displayed with labels on the chart.

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### **How to Use the Indicator:**

1. **Install the Indicator**:
- Open your TradingView chart.
- In the **Pine Editor**, paste the provided script.
- Click on **Add to Chart** to apply the indicator.

2. **Adjust the Inputs**:
- **ATR Period**: Defines the period for calculating the ATR. Default is 14.
- **ATR Multiplier**: Multiplies the ATR value to calculate the upper and lower trend bands. Default is 3.0.
- **Use Adaptive Multiplier**: Toggle to enable/disable dynamic ATR adjustments based on market volatility.
- **Smoothing Period**: Period for calculating support and resistance (default is 21).
- **Break Sensitivity**: Sensitivity for detecting support and resistance breaks (default is 0.5%).

3. **Interpret the Signals**:
- **Support Level (Blue Line)**: Represents a key price level where the market tends to find buying support.
- **Resistance Level (Orange Line)**: Represents a key price level where selling pressure is expected to emerge.
- **Trend Lines**:
- **Up Trend**: Plotted as a green line when the market is in an uptrend.
- **Down Trend**: Plotted as a red line when the market is in a downtrend.
- **Buy Signal (Green Label)**: Appears when the trend changes from down to up, and the price is above the support level.
- **Sell Signal (Red Label)**: Appears when the trend changes from up to down, and the price is below the resistance level.

4. **Breakout Detection**:
- **Support Break**: If the price falls below the support level by a given percentage (set by `breakSensitivity`), a label indicating "SUPPORT BROKEN" is plotted below the bar.
- **Resistance Break**: If the price rises above the resistance level by a given percentage, a label indicating "RESISTANCE BROKEN" is plotted above the bar.

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### **Use Cases for the Indicator:**

1. **Trend Following**:
- Use the **uptrend** (green line) and **downtrend** (red line) to follow market trends. Buy when the trend is up, and sell when it’s down.

2. **Breakout Trading**:
- Identify potential breakout points by watching for price to break above resistance or below support. When a breakout occurs, it may indicate a strong directional move.

3. **Support and Resistance Reversal**:
- Support and resistance levels can indicate potential **reversal points**. When the price is near these levels, watch for price action and trend changes. A breakout above resistance or below support suggests a continuation of the current trend.

4. **Buy/Sell Confirmation**:
- Use the **buy/sell signals** in conjunction with support/resistance and trend indicators to confirm your trades. For example, a **Buy Signal** in an **uptrend** above support can provide a strong confirmation for an entry.

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### **How to Enable Alerts**:

The script includes pre-set alert conditions for **Buy**, **Sell**, and **Trend Change** signals. Follow these steps to enable alerts on TradingView:

1. **Enable Alerts on TradingView**:
- After adding the indicator to your chart, click on the **Alerts** button (the clock icon on the right toolbar).
- In the **Create Alert** window, select the **Condition** dropdown and choose the indicator (e.g., "TOL LANGIT ATR v7 - AI Enhanced with Support/Resistance Breaks").
- Select one of the following alert conditions:
- **Buy Alert**: Triggered when a **Buy Signal** appears.
- **Sell Alert**: Triggered when a **Sell Signal** appears.
- **Trend Change Alert**: Triggered when the trend changes (from uptrend to downtrend or vice versa).
- **Support Break Alert**: Triggered when the price breaks below the support level.
- **Resistance Break Alert**: Triggered when the price breaks above the resistance level.

2. **Set Alert Preferences**:
- Choose the **Alert Type** (popup, email, or push notification).
- Set how long you want the alert to be active.
- Click **Create** to activate the alert.

3. **Receive Alerts**:
- Once the alert is set, TradingView will notify you when any of the conditions you selected are met, allowing you to act on the signals immediately.

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### **Example Use Case**:

1. **Trend Following + Breakout**:
- If the market is in an **uptrend** (green line), wait for a **buy signal** to confirm an entry.
- If the price is near the **resistance level** and breaks above it, this could be a breakout signal. You can also receive an alert when this happens.
- Set a **sell signal** alert in case the market reverses and the trend changes to a downtrend (red line).

2. **Support and Resistance Trading**:
- When the price approaches the **support level** and the trend is up, look for a **buy signal**.
- If the price breaks below support, watch for a **support break** alert to signal a possible trend reversal or a continuation to the downside.

By using these techniques, this indicator helps provide **a comprehensive view** of market trends and key price levels, improving your ability to make informed trading decisions.