me__.ro

kelmarin

works by calculating ATR (Average True Range) to measure market volatility and uses that to determine price levels.

Key Features:
Buy and Sell Signals:

The script checks if the price crosses certain levels (based on ATR) and generates buy signals when the price goes above the level or sell signals when it goes below.
The signals are shown as arrows on the chart.
Stop-Loss and Take-Profit Levels:

It automatically calculates where to place your stop-loss to minimize risk.
It also calculates two take-profit levels to lock in gains.
Heikin Ashi Option:

You can enable a setting to base calculations on Heikin Ashi candles instead of regular price candles. These smooth out price fluctuations to show clearer trends.
Lines on the Chart:

The script draws lines for the entry price, stop-loss, and take-profit levels, making it easy to visualize your trade.
Alerts:

It can send alerts when buy or sell signals are generated, so you don’t have to monitor the chart all the time.
How It Works:
It uses ATR to measure how much the price typically moves.
Based on this, it calculates a dynamic level for stop-loss and take-profit.
If the price moves above or below these levels, it signals a potential trade (buy or sell).