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The Echo System

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๐Ÿ”Š The Echo System โ€“ Trend + Momentum Trading Strategy

Overview:
The Echo System is a trend-following and momentum-based trading tool designed to identify high-probability buy and sell signals through a combination of market trend analysis, price movement strength, and candlestick validation.

Key Features:

๐Ÿ“ˆ Trend Detection:

Uses a 30 EMA vs. 200 EMA crossover to confirm bullish or bearish trends.

Visual trend strength meter powered by percentile ranking of EMA distance.

๐Ÿ”„ Momentum Check:

Detects significant price moves over the past 6 bars, enhanced by ATR-based scaling to filter weak signals.

๐Ÿ•ฏ๏ธ Candle Confirmation:

Validates recent price action using the previous and current candle body direction.

โœ… Smart Conditions Table:

A live dashboard showing all trade condition checks (Trend, Recent Price Move, Candlestick confirmations) in real-time with visual feedback.

๐Ÿ“Š Backtesting & Stats:

Auto-calculates average win, average loss, risk-reward ratio (RRR), and win rate across historical signals.

Clean performance dashboard with color-coded metrics for easy reading.

๐Ÿ”” Alerts:

Set alerts for trade signals or significant price movements to stay updated without monitoring the chart 24/7.

Visuals:

Trend markers and price movement flags plotted directly on the chart.

Dual tables:

๐Ÿ“ˆ Conditions table (top-right): breaks down trade criteria status.

๐Ÿ“Š Performance table (bottom-right): shows real-time stats on win/loss and RRR.๐Ÿ”Š The Echo System โ€“ Trend + Momentum Trading Strategy

Overview:
The Echo System is a trend-following and momentum-based trading tool designed to identify high-probability buy and sell signals through a combination of market trend analysis, price movement strength, and candlestick validation.

Key Features:

๐Ÿ“ˆ Trend Detection:

Uses a 30 EMA vs. 200 EMA crossover to confirm bullish or bearish trends.

Visual trend strength meter powered by percentile ranking of EMA distance.

๐Ÿ”„ Momentum Check:

Detects significant price moves over the past 6 bars, enhanced by ATR-based scaling to filter weak signals.

๐Ÿ•ฏ๏ธ Candle Confirmation:

Validates recent price action using the previous and current candle body direction.

โœ… Smart Conditions Table:

A live dashboard showing all trade condition checks (Trend, Recent Price Move, Candlestick confirmations) in real-time with visual feedback.

๐Ÿ“Š Backtesting & Stats:

Auto-calculates average win, average loss, risk-reward ratio (RRR), and win rate across historical signals.

Clean performance dashboard with color-coded metrics for easy reading.

๐Ÿ”” Alerts:

Set alerts for trade signals or significant price movements to stay updated without monitoring the chart 24/7.

Visuals:

Trend markers and price movement flags plotted directly on the chart.

Dual tables:

๐Ÿ“ˆ Conditions table (top-right): breaks down trade criteria status.

๐Ÿ“Š Performance table (bottom-right): shows real-time stats on win/loss and RRR.
Nota Keluaran
sensitivity
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update
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notif update
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more alerts

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.