Adaptive Entry/Exit Signals with Optional TP Confirmation

Adaptive Entry/Exit Signals with Optional TP Confirmation (Indicator)

What’s unique

• Gated entry sequencing: Prevents duplicate Long/Short labels within the same move (“lock/unlock”).
  
• Exit-line visualization tied to prior extremes: Plots step lines showing the exact exit thresholds the logic uses.
  
• Optional multi-filter confluence: ADX/DI trend check, Chandelier Stop, hold/cooldown rules.
  
• Optional Take-Profit (TP) confirmation using RSI.

What it does
This indicator highlights six events on the active timeframe:

• Long — potential long entry
  
• Exit Long — exit condition for an open long
  
• Long TP — take-profit trigger for a long
  
• Short — potential short entry
  
• Exit Short — exit condition for an open short
  
• Short TP — take-profit trigger for a short

Optionally, it draws dynamic exit lines that mirror the thresholds used by the logic.

How signals are calculated (high level):

Trend bands

• highBand = highest high of the last Trend Window bars
  
• lowBand = lowest low of the last Trend Window bars

Entries

• Long when price breaks (or equals) the previous bar’s highBand.
  
• Short when price breaks (or equals) the previous bar’s lowBand.
  
• Gating:
• Lock/unlock prevents multiple entry labels in one directional move.
  
• A bar-ordering gate reduces immediate flip-flops.

Exits

• Exit Long = lowest(low, Exit Window)[1]
  
• Exit Short = highest(high, Exit Window)[1]
  
• Optional filters can require:
  
• Close beyond the exit line
• ADX/DI (Average Directional Index/Directional Indicators, Wilder) trend-loss check
  
• Chandelier Stop (ATR-based) confluence
  
• Minimum hold time after entry

Take-Profit (optional)
If TP % > 0, the tool computes a TP from the entry bar and confirms with RSI (default: >70 for longs, <20 for shorts).

Exit Lines (optional)

• Plotted as step lines while “in position”:
  
• Long Exit Line = lowest(low, Exit Window)[1]
  
• Short Exit Line = highest(high, Exit Window)[1]

Inputs (essentials)

• Trend Window — lookback for high/low bands
  
• Exit Window — lookback for exit thresholds
  
• TP % — percent distance from entry to compute TP (0 disables)
  
• RSI Length / Cutoffs — for TP confirmation

Filters (toggleable)

• Close must cross the exit line
  
• ADX/DI trend-loss check (Wilder’s method)
  
• Chandelier Stop (ATR-based) confluence
  
• Minimum hold bars after entry
  
• Cooldown bars after exit before re-entry

Visuals

• Show/hide trend bands and exit lines.

Alerts Included

• Long Entry, Short Entry
  
• Exit Long, Exit Short
  
• Long TP, Short TP

Tip: For stable behavior, set alerts to Once per bar close.

Notes & Best Practices

• This is an indicator, not a strategy; it does not open/close trades.
  
• Signals are calculated on the current chart timeframe only (single-timeframe logic).
  
• Parameter choices are context-dependent. As a starting point:
  
• Faster charts: consider a slightly larger Exit Window and enable Close must cross to reduce wick exits.
  
• Slower charts: filters can be relaxed.

Repainting & Data Policy

• No lookahead is used.
• The script does not request higher timeframes for its logic.
  
• On real-time (in-progress) bars, visuals and alerts can update until the bar closes. For confirmation-style use, wait for bar close and/or use the provided filters (e.g., close-only or 2-bar style confirmation).

Chart Types

• Designed for standard Candlestick/Bar charts.
• Not intended for Heikin Ashi, Renko, Kagi, Point & Figure, or Range charts.

Limitations & Disclosure

• No performance claims are made.Past behavior does not guarantee future results.
  
• For educational and analytical purposes only; not financial advice. Always do your own research and use risk management.

Version & Scope

• Scope: Entry/Exit/TP framework with optional exit filters and exit-line visualization.
  
• Engine: Single-timeframe logic (no MTF); Wilder-style ADX/DI implemented internally for portability.
  
• Pine version: v5
  
• External libraries: none