Signalgo S/R

Signalgo S/R

Signalgo S/R is a cutting-edge TradingView indicator engineered for traders who want to leverage support and resistance (S/R) in a way that goes far beyond traditional methods. This overview will help you understand its unique approach, inputs, entry and exit strategies, and what truly sets it apart.

How Signalgo S/R Works
Multi-Timeframe S/R Detection
Layered Analysis: Signalgo S/R continuously scans price action across a wide spectrum of timeframes, from 1 minute up to 3 months. This multi-layered approach ensures that both short-term and long-term S/R levels are dynamically tracked and updated.

Advanced Pivot Recognition: Instead of simply plotting static lines, the indicator uses a sophisticated pivot recognition system to identify only the most relevant and recent S/R levels, adapting as the market evolves.

Synchronized Structure: By aligning S/R levels across timeframes, it builds a robust market structure that highlights truly significant zones—areas where price is most likely to react.

Intelligent Breakout & Reversal Signals
Close Confirmation: The indicator only triggers a breakout or breakdown signal when price not just touches, but closes beyond a key S/R level, dramatically reducing false signals.

Multi-Timeframe Confirmation: True buy or sell signals require agreement across several timeframes, filtering out noise and improving reliability.

One-Time Event Detection: Each breakout or breakdown is recognized only once per occurrence, eliminating repetitive signals from the same event.

Inputs & User Controls
Preset Parameters:

Pivot Length: Adjusts how sensitive the S/R detection is to price swings.

Label Offset: Fine-tunes the placement of visual labels for clarity.

Trade Management Controls:

Show TP/SL Logic: Toggle to display or hide take-profit (TP) and stop-loss (SL) levels.

ATR Length & Multipliers: Adapt SL and TP distances to current volatility.

Enable Trailing Stop: Option to activate dynamic stop movement after TP1 is reached.

Entry & Exit Strategy
Entry Logic

Long (Buy) Entry: Triggered when multiple timeframes confirm a breakout above resistance, signaling strong upward momentum.

Short (Sell) Entry: Triggered when multiple timeframes confirm a breakdown below support, indicating strong downward momentum.

Exit & Trade Management

Stop Loss (SL): Automatically set based on recent volatility, always adapting to current market conditions.

Take Profits (TP1, TP2, TP3): Three profit targets are set at increasing reward multiples, allowing for partial exits or scaling out.

Trailing Stop: After the first profit target is reached, the stop loss moves to breakeven and a trailing stop is activated, locking in gains as the trade continues.

Event Markers: Each time a TP or SL is hit, a visual label is placed on the chart for full transparency.

What Separates Signalgo S/R from Traditional S/R Indicators?

True Multi-Timeframe Synchronization: Most S/R tools only look at a single timeframe or plot static levels. Signalgo S/R dynamically aligns levels across all relevant timeframes, providing a comprehensive market map.

Event-Driven, Not Static: Instead of plotting every minor swing, it intelligently filters for only the most actionable S/R levels and signals—reducing chart clutter and focusing attention on what matters.

Breakout Confirmation Logic: Requires a close beyond S/R, not just a wick, to validate breakouts or breakdowns. This greatly reduces false positives.

Automated, Adaptive Trade Management: Built-in TP/SL and trailing logic mean you get not just signals, but a full trade management suite—something rarely found in standard S/R indicators.

Visual & Alert Integration: Every signal, TP/SL event, and trailing stop is visually marked and can trigger TradingView alerts, keeping you informed in real time.

Trading Strategy Application
Scalping to Swing Trading: The multi-timeframe logic makes it suitable for all trading styles, from fast intraday moves to longer-term position trades.

Systematic, Disciplined Execution: By automating entries, exits, and risk management, Signalgo S/R helps you trade with confidence and consistency, removing emotion from the process.

Noise Reduction: The advanced filtering logic means you only see the highest-probability setups, helping you avoid common S/R “fakeouts.”