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BTCUSD Multi TP Trade Signal

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๐Ÿ“˜ Indicator Description: BTCUSD Multi TP Trade Signal
This indicator is designed to generate high-quality Buy/Sell signals on BTCUSD, using a simple yet effective EMA crossover strategy. It visually plots all associated Take-Profit (TP) and Stop-Loss (SL) levels, allowing traders to plan and manage their trades with precision.

๐Ÿ”‘ Key Features
โœ… Trade Direction Control: Select to trade Long, Short, or Both directions

โœ… Signal Generation: Uses EMA 20/50 crossover logic for trend confirmation

โœ… Visual Trade Levels: Plots 4 customizable TP levels and a fixed SL on the chart

โœ… Trend Filter Option: Align signals with higher timeframe (HTF) market direction

โœ… User-Controlled Settings: Adjustable profit/stop targets and filtering logic

โœ… Non-executing tool: Ideal for manual, visual, or alert-based trading

โš™๏ธ Input Settings
Parameter Function
Strategy Direction Filters signals by direction (all, long, short)
Length of Filter Period for trend filter (SMA) on HTF
Candle Time Resolution for time-based conditions
Length of ATR ATR period for potential future enhancements
HTF Higher Time Frame (e.g., Weekly) for trend alignment
Use Filter Toggle the HTF filter ON/OFF
Stop Loss Fixed SL in USD
Take Profit 1โ€“4 TP levels in USD from entry price

๐Ÿ“Š How It Works
A Buy signal is plotted when EMA 20 crosses above EMA 50 and other conditions are met.

A Sell signal is plotted when EMA 20 crosses below EMA 50.

Each trade signal includes clearly marked TP1, TP2, TP3, TP4, and SL levels.

Optional HTF trend filter ensures signals align with the broader market trend.

๐Ÿง  Best Use Cases
Works best on 15-minute to 1-hour BTCUSD charts

Ideal for trend-following intraday or swing trading

Use with confluence (volume, price action, or key levels) for best results

Penafian

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