OPEN-SOURCE SCRIPT

Entry Assistant by Ivan

ที่อัปเดต:
Intention Of This Indicator

  • This indicator is intended to be used as an assistant in combination with a technical strategy.
  • This indicator has several functions intended to assist you at entering positions.
  • This indicator is intended to be used with strategies that place Stop Losses above / below candles, and entries at the BOC ( Break Of The Previous Candle , For Longs it is when price goes above the previous candles high, For Shorts it is when price goes below the previous candles low)


This indicator Draw / Displays the following

  • A line below ( for Longs ) / above ( for Shorts ) the current candle, with an additional pip value for extra space ( this displays where to place your Stop Loss )
  • A label displaying the price of the Stop Loss line, to assist in placing the Stop Loss
  • A line displaying where the BOC is ( based off of going Long or going Short )
  • A box that appears when the BOC has occurred ( entry signal )


Inputs

  • Inputs to change the aesthetics ( colours etc. )
  • Numeric inputs to modify the placement / spacing of the Stop Loss / Entry signal
  • Toggles to activate or deactivate features


Disclaimer

  • This indicator does not currently work for every instrument ( it only works for most Forex pairs and some Indices )
  • It is not at all intended to be a signal indicator on its own, but rather only to give a signal when used with specific technical strategies that us BOC entries.
  • This indicator is not guaranteed to be accurate, or error free.
  • This indicator is not signalling winning entries or high probability entries.
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Code Refactoring Update ( Functionality has remained the same )

  • Renamed some variable to be more accurate in their function.
  • Changed some comments to be more accurate and descriptive.
  • Fixed some titles in inputs to be accurate.
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Improved indicator code and calculation

  • Changed price values to pip values
  • Indicator should now work on many more instruments than before
  • Improved the method of calculating the Stop and BOC line placement
  • Re-named several variables to be more relevant
  • Re-formatted inputs to be more organized


Functionality should remain the same, but should be more versatile across instruments
Test the indicator on every instrument you trade before using it live
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Important Fix

  • Fixed 0s ( zeros ) being rounded off of price, interfering with the 'Three Digits Only' text


Previous Version Output
  • Stop Loss Price = 1.23500
  • Three Digits Only = 235


This Version Output
  • Stop Loss Price = 1.23500
  • Three Digits Only = 500
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Updated Entry Signal

  • Entry Signal pulls back when price pulls back ( allowing re-entries and gives a new signal for candles that have already broke the previous candle high or low )
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Fixes Update

  • Fixed Stop not hiding when unchecked
  • Fixed rounding error on the Stop price
  • Update pip rounding inputs to have a 0.1 step increment
Candlestick analysiscandlesticksignal

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