Description

The SignalX Indicator, powered by Pine Script™ version 5, is an advanced technical analysis tool designed to enhance your trading decisions. Here’s a detailed breakdown of its features and functionalities:

Key Features:

1. Comprehensive Display Options:
   • Show Entry, Target Levels: Visualize entry points and target levels on your chart.
   • Display Target Prices in Table: Get a tabular view of target prices for quick reference.
   • Customizable Indicators: Includes a 50 EMA, Trend/Bar Color, and Supply/Demand Zones.
2. EMA and SMA Calculations:
   • Conditional EMA and SMA calculations ensure precise trend detection and analysis.
   • Standard Deviation and Range Size Functions for volatility assessment and range filtering.
3. Signal Strength Options:
   • Choose between Fast, Medium, or Slow signals based on your trading style (scalping, swing trading, or long holding).
4. Trading Alerts:
   • Customizable Buy and Sell alerts with dynamic placeholders for real-time notifications.
5. Risk Management:
   • Configurable Risk-Reward Ratios: Set risk-reward ratios (1:3, 1:4, 1:5) and corresponding stop loss values.
6. Trend Detection and Color Coding:
   • Automatic bar coloring based on trend conditions for quick visual analysis.
   • EMA-based trend screening for multiple timeframes (1m, 5m, 15m,