OPEN-SOURCE SCRIPT

Advanced Entry with FVG, Liquidity, and Support/Resistance

Key Features and How to Use Them
Fair Value Gaps (FVGs)

Green Boxes: Bullish FVGs (price imbalance indicating a potential upward move).
Red Boxes: Bearish FVGs (price imbalance indicating a potential downward move).
How to Trade:
Watch for price to return to an FVG area and look for rejection or continuation.
For bullish FVGs:
Look for a reversal or confirmation signal near the green box for a long trade.
For bearish FVGs:
Look for a reversal or confirmation signal near the red box for a short trade.
Liquidity Zones

Blue Dotted Lines: Areas of liquidity (highest highs in the recent past).
Orange Dotted Lines: Areas of liquidity (lowest lows in the recent past).
How to Trade:
Liquidity zones often act as magnets for price movement as the market targets stop-loss clusters.
Expect price to either:
Revert after hitting a liquidity zone (signaling a reversal trade opportunity).
Break through the liquidity zone (confirming a breakout or trend continuation).
Support and Resistance

Red Horizontal Lines: Resistance levels (recent swing highs).
Green Horizontal Lines: Support levels (recent swing lows).
How to Trade:
Use these levels to identify potential entry/exit points.
For resistance (red lines):
Look for short opportunities when price approaches resistance and shows signs of rejection.
For support (green lines):
Look for long opportunities when price approaches support and shows signs of reversal.
BUY and SELL Signals

Green "BUY" Labels: A long entry signal based on EMA crossover, RSI > 50, and MACD confirmation.
Red "SELL" Labels: A short entry signal based on EMA crossunder, RSI < 50, and MACD confirmation.
How to Trade:
Enter long when a BUY label appears, and place a stop-loss below the recent low.
Enter short when a SELL label appears, and place a stop-loss above the recent high.
Set a take-profit using a 1:2 or 1:3 risk-to-reward ratio.
Workflow Example
Check for a BUY Signal:

Look for a green "BUY" label near:
A bullish FVG (green box).
A liquidity zone (orange line).
A support level (green horizontal line).
Enter the Trade:

Place a stop-loss below the most recent swing low or support level.
Set a take-profit 2-3 times the distance of your stop-loss.
Confirm the Trend:

Ensure price is trading above the EMA 200 (indicating an uptrend) for long trades.
Use the FVG or support zone for additional confluence.
Check for a SELL Signal:

Look for a red "SELL" label near:
A bearish FVG (red box).
A liquidity zone (blue line).
A resistance level (red horizontal line).
Enter the Short Trade:

Place a stop-loss above the most recent swing high or resistance level.
Set a take-profit 2-3 times the distance of your stop-loss.

คำจำกัดสิทธิ์ความรับผิดชอบ