Sani Momentum Target System [wjdtks255]

Sani Momentum Target System Explanation & Trading Method
The Sani Momentum Target System is a momentum-based trading indicator that helps traders identify trend changes and determine precise entry points, stop-loss levels, and multiple profit targets.

Key Features:

Smoothed Price Calculation: Utilizes a glide-like smoothing function to reduce noise in price data.

Moving Averages: Calculates fast and slow EMAs on the smoothed price; the difference creates an oscillator.

Signal Line: A simple moving average smooths the oscillator to generate a signal line.

Trend Signals:

Buy signal when oscillator crosses above the signal line.
Sell signal when oscillator crosses below the signal line.
Entry, Stop Loss, Target Levels:

Entry price is set at current close on signal.
Stop loss is set by multiplying ATR by 2 against trend direction.
Three take profit targets (T1, T2, T3) are set by user-defined multiples of ATR.
Visual Display: Includes colored horizontal lines and labels for entry, stop loss, and targets.
Bars are colored by trend direction, and triangular markers show buy/sell signals.

How To Use This Indicator:

Entry: Place trades in the direction of the signal (long on buy, short on sell).

Stop Loss: Use the ATR-based stop loss line to minimize downside risk.

Profit Taking: Scale out profits or exit trades at target levels T1, T2, and T3.

Trend Confirmation: Confirm with oscillator trend direction before entry to avoid false signals.

Parameter Adjustment: Modify smoothing lengths, ATR period, and target multipliers to fit your trading style and timeframe.

Final Notes:

This indicator streamlines momentum trading by providing clear price targets and risk levels visually.

Always backtest strategies and apply proper risk management.

Suitable across asset classes: stocks, forex, cryptocurrencies.

If you want detailed guidance or customization, feel free to ask!