The Echo System

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:
๐ 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.
๐ Momentum Check:
Detects significant price moves over the past 6 bars, enhanced by ATR-based scaling to filter weak signals.
๐ฏ๏ธ Candle Confirmation:
Validates recent price action using the previous and current candle body direction.
โ Smart Conditions Table:
A live dashboard showing all trade condition checks (Trend, Recent Price Move, Candlestick confirmations) in real-time with visual feedback.
๐ 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.
๐ 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:
๐ Conditions table (top-right): breaks down trade criteria status.
๐ Performance table (bottom-right): shows real-time stats on win/loss and RRR.๐ 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:
๐ 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.
๐ Momentum Check:
Detects significant price moves over the past 6 bars, enhanced by ATR-based scaling to filter weak signals.
๐ฏ๏ธ Candle Confirmation:
Validates recent price action using the previous and current candle body direction.
โ Smart Conditions Table:
A live dashboard showing all trade condition checks (Trend, Recent Price Move, Candlestick confirmations) in real-time with visual feedback.
๐ 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.
๐ 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:
๐ Conditions table (top-right): breaks down trade criteria status.
๐ Performance table (bottom-right): shows real-time stats on win/loss and RRR.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Untuk akses pantas pada carta, tambah skrip ini kepada kegemaran anda โ ketahui lebih lanjut di sini.
Penafian
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Untuk akses pantas pada carta, tambah skrip ini kepada kegemaran anda โ ketahui lebih lanjut di sini.