Trade Mavrix: Elite Trade Navigator

9 พ.ย.

Your ultimate trading companion that helps you spot profitable breakouts, perfect pullbacks, and crucial support & resistance levels. Ready to take your trading to the next level? Let's dive in!

10 พ.ย.

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Trade Mavrix: Elite Trade Navigator – Indicator Overview
The Trade Mavrix: Elite Trade Navigator is a precision tool built to aid traders in identifying breakout opportunities, pullback zones, and critical support/resistance levels on M30 and H1 timeframes, with added M5 support for early entries. Tailored to capture short-term movements while reducing false signals, this indicator synthesizes consolidation detection, breakout and pullback recognition, and multiple confirmation strategies in a seamless overlay.

Key Components & Functionality

Consolidation Detection
Using a lookback period and a consolidation threshold, the indicator identifies zones where price movement is restricted within a narrow range. This “consolidation zone” highlights potential breakout points. Consolidation periods are visually marked with shaded boxes, preparing traders for upcoming volatility.

Breakout Signals

Bullish Breakout: When price exceeds recent highs following consolidation and is accompanied by bullish candle confirmation, a green triangle signals a potential buying opportunity.

Bearish Breakout: Similarly, when price drops below recent lows with bearish candle confirmation, a red triangle appears, signaling a potential selling opportunity.

Pullback Recognition and Confirmation
Following a breakout, price may pull back to previous levels. The indicator captures these retracements:

Pullback to Bullish: A blue cross signals when price dips close to a prior bullish breakout level, confirmed by recent bullish candles.

Pullback to Bearish: An orange cross appears when price retraces near a bearish breakout level, confirmed by recent bearish candles. Multiple confirmation settings ensure that pullback signals are substantiated by multiple candles, adding confidence to entry decisions.

Important Support & Resistance Levels
Calculated over a broader lookback period, these key support and resistance levels are extended forward to provide future reference points:

Resistance Line: Dashed red line representing the highest high over the important lookback period.

Support Line: Dashed green line representing the lowest low.

Median Line: A blue line at the midpoint of the support and resistance, offering an additional price reference point.

Visual Alerts and Alert Conditions
To ensure you never miss key market events, alerts are triggered for:

Bullish and bearish breakouts
Pullbacks confirmed near previous breakout levels

Customization
Parameters such as consolidation threshold, pullback levels, and the number of confirmation candles can be adjusted for fine-tuning the indicator to various trading styles.

Strategic Use
This indicator is designed for both trend-following and contrarian strategies. Breakouts indicate potential trend entries, while pullbacks allow for re-entries at better prices, supported by significant support and resistance levels for enhanced decision-making.

The Trade Mavrix: Elite Trade Navigator provides a robust foundation for strategic entries and exits, all while supporting a disciplined approach with comprehensive alerts and visual cues. This customized methodology empowers traders to navigate markets confidently, particularly in trending environments, with an emphasis on precision and efficiency.

10 พ.ย.

เอกสารเผยแพร่

Trade Mavrix: Elite Trade Navigator – Update

The Trade Mavrix: Elite Trade Navigator is a precision trading tool designed to assist traders in identifying breakout opportunities, pullback zones, and critical support/resistance levels, particularly on M30 and H1 timeframes, with M5 support for early entries. Tailored to capture short-term movements while minimizing false signals, this indicator combines consolidation detection, breakout and pullback recognition, VWAP insights, and multiple confirmation strategies into a seamless overlay.

Key Components & Functionality

Consolidation Detection
Utilizing a lookback period and a consolidation threshold, the indicator identifies zones where price movement is contained within a narrow range, marking these as “consolidation zones.” These zones are visually highlighted with shaded boxes, signaling potential breakout points and preparing traders for incoming volatility.

Breakout Signals
Bullish Breakout: A green triangle signals a potential buying opportunity when price exceeds recent highs after a consolidation period, confirmed by bullish candles.

Bearish Breakout: A red triangle appears when price breaks below recent lows with bearish candle confirmation, signaling a potential selling opportunity.

VWAP (Volume Weighted Average Price) Guidance
The VWAP line, shown as a pink line, is a pivotal reference level used by institutional traders to gauge fair value in the market.

Above VWAP: When price trades above the VWAP line, it generally indicates bullish momentum, aligning with trend-following strategies for long positions.

Below VWAP: Price below the VWAP often reflects bearish sentiment, supporting short-trade strategies.

Combining breakout signals with VWAP positioning adds an extra layer of confidence, allowing traders to distinguish between high-probability breakouts and less reliable signals.

Pullback Recognition and Confirmation
Following breakouts, price may retrace, presenting pullback opportunities near the initial breakout levels. The indicator identifies and confirms these retracements:

Pullback to Bullish Level: A blue cross appears when price dips close to a prior bullish breakout level, supported by recent bullish candles.

Pullback to Bearish Level: An orange cross indicates a retracement near a bearish breakout level, confirmed by recent bearish candles.

The pullback signals are validated by multiple candles, enhancing entry reliability and minimizing premature entries.

Important Support & Resistance Levels
Calculated over an extended lookback period, the indicator marks key support and resistance levels, extending them forward to assist with future reference:

Resistance Line: A dashed red line representing the highest high in the lookback period.
Support Line: A dashed green line marking the lowest low.
Median Line: A blue line at the midpoint of the support and resistance levels, providing an equilibrium point for reference.

Visual Alerts and Alert Conditions (Optional)
To ensure timely responses to market shifts, the indicator offers customizable alerts for:

Bullish and bearish breakout confirmations
Pullbacks near previous breakout levels, validated by multi-candle confirmations

Customization and Strategic Use
Traders can adjust parameters like the consolidation threshold, pullback sensitivity, and the number of confirmation candles to suit their trading styles. The Trade Mavrix: Elite Trade Navigator supports both trend-following and contrarian strategies:

Breakouts indicate potential trend initiation points.

Pullbacks provide re-entry zones at better prices, supported by VWAP and key support/resistance levels to strengthen decision-making.

The Trade Mavrix: Elite Trade Navigator provides a structured approach to navigating the markets, with emphasis on precision and confidence-building cues. By integrating VWAP insights, breakout signals, and pullback validations, this tool equips traders to make disciplined, high-quality entries and exits across various market conditions.

10 พ.ย.

เอกสารเผยแพร่

Added script version & fixed screenshot

11 พ.ย.

เอกสารเผยแพร่

V3.1 - Adjusted important lookback period to 15 bars, the indicator will now calculate important support and resistance levels using a lookback period of the last 15 bars, making it more responsive to recent market conditions.

11 พ.ย.

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Cleaning up the preview chart

13 พ.ย.

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V3.2 Key Changes:
Repainting and Early Breakout Detection: The breakout conditions are recalculated on every new bar to allow early detection of breakouts. The signals will now trigger faster and update immediately with each new bar.

Plotting Changes: The breakout and pullback signals should appear without delay and can be repainted because the conditions are checked for every new bar without static constraints.

Early Signal Detection: The breakout and pullback logic is designed to trigger as early as possible, based on the latest available data, so you can act on the signals faster.

13 พ.ย.

เอกสารเผยแพร่

Cleaned up chart..oops!