AIWAY - CryptoPulse TP
Overview
The "AIWAY - CryptoPulse TP" indicator is a powerful yet user-friendly tool tailored for cryptocurrency trading on TradingView. Built with Pine Script v5, this indicator combines Supertrend, moving averages, and advanced trend analysis to generate clear Buy and Sell signals. It goes further by providing precise Entry points, a Stop Loss, and three Take Profit (TP) levels based on customizable Risk-to-Reward (R:R) ratios. Whether you're a beginner or an experienced trader, this indicator simplifies decision-making while offering flexibility through adjustable settings.
Key Features
• Signal Types: Choose between "ALL SIGNALS" (based on Supertrend and SMA) or "SMART+ SIGNALS" (refined stochastic-RSI signals).
• Entry, Stop Loss, and Targets: Displays Entry, Stop Loss, and three Take Profit levels (TP1, TP2, TP3) with adjustable R:R ratios.
• Trend Visualization: Includes optional Trend Candles, Moving Averages, and a Multi-Timeframe (MTF) Trend Dashboard for broader market context.
• Customizable Sensitivity: Adjust the Supertrend sensitivity (0.5–12) to suit your trading style or market volatility.
• Cryptocurrency Focus: Optimized for crypto markets but adaptable to other assets.
How to Use
1. Add the Indicator: Load "AIWAY - CryptoPulse TP" onto your TradingView chart.
2. Select Signal Type:
o ALL SIGNALS: Triggers "BUY" when price crosses above Supertrend and is above the 9-period SMA; "SELL" when price crosses below Supertrend and is below the 9-period SMA. Labels appear on the chart.
o SMART+ SIGNALS: Triggers refined "Smart Buy+" (green) and "Smart Sell+" (red) signals based on a smoothed Stochastic-RSI crossover, ideal for filtering noise.
3. Interpret Entry and Targets:
o Entry: Marked with an orange dashed line and label (e.g., "Entry: 1234.5") at the closing price of the signal candle.
o Stop Loss: Shown as a red solid line and label (e.g., "Stop Loss: 1200"), calculated as a percentage below/above the entry (default: 2%).
o Take Profit Levels: Three green solid lines and labels (TP1, TP2, TP3) based on R:R ratios (default: 1:1, 1.5:1, 2:1). For example, if Entry is 1000 and Stop Loss is 980, TP1 = 1020, TP2 = 1030, TP3 = 1040.
4. Adjust Settings:
o Go to the indicator’s settings: tweak "Sensitivity" for Supertrend responsiveness, adjust "Stop Loss Distance" (%), and modify TP R:R ratios under "TAKE PROFIT / STOP LOSS".
o Enable optional features like "Moving Average" or "Trend Dashboard" for additional context.
5. Trade Execution:
o Buy: Enter a long position at the Entry price when a Buy signal appears. Set your stop loss and take profits as indicated.
o Sell: Enter a short position at the Entry price when a Sell signal appears, using the provided Stop Loss and TP levels.
o Monitor the chart for signal confirmation and adjust based on market conditions.
Settings Breakdown
• Signals: "ALL SIGNALS" (default) or "SMART+ SIGNALS".
• Sensitivity: Default 10; lower for tighter signals, higher for broader trends.
• Show TP/SL: Enable to display Entry, Stop Loss, and TP levels (default: true).
• Stop Loss Distance: Default 2% (adjustable).
• Take Profit R:R: TP1 = 1:1, TP2 = 1.5:1, TP3 = 2:1 (customizable).
• Trend Tools: Toggle Moving Average, Trend Cloud, or Dashboard as needed.
Example
• Buy Signal: Price crosses above Supertrend at 5000, SMA9 confirms. Entry = 5000, Stop Loss = 4900 (2% below), TP1 = 5100 (1:1), TP2 = 5150 (1.5:1), TP3 = 5200 (2:1).
• Sell Signal: Price crosses below Supertrend at 4800, SMA9 confirms. Entry = 4800, Stop Loss = 4896 (2% above), TP1 = 4704 (1:1), TP2 = 4656 (1.5:1), TP3 = 4608 (2:1).
Disclaimer
This indicator is provided for educational and informational purposes only and should not be considered financial advice. Trading involves significant risk, and past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making trading decisions. The creator of this indicator is not responsible for any losses incurred.
Notes
• Best used on cryptocurrency pairs but can be adapted to other markets.
• Optimized on 30m timeframe or lower
• Combine with other analysis tools for confirmation.
Enjoy trading with AIWAY - CryptoPulse TP! Let me know your feedback in the comments.