Trade Entry Signals

The Trade Entry Signals indicator highlights moments where price transitions direction based on candlestick reversal and market structure logic, aiming to provide high-probability entry timing within predefined areas of interest.

Usage

The Trade Entry Signals tool is designed as a timing confirmation utility rather than a standalone strategy. It is best utilized when the price reaches a significant Point of Interest (POI), such as a supply/demand zone, order block, or support/resistance level.

• Timing Entries: When price reaches your POI, look for a "BUY" or "SELL" label. These labels appear when the script detects a break in short-term market structure following a liquidity sweep.
• Visual Boxes: The script plots colored boxes (green for bullish, red for bearish) that visualize the structural range leading up to the signal. These boxes can be used to help determine limit entry levels or stop-loss placements.
• Alerts: Users can set alerts for bullish/bearish breaks or liquidity sweeps to monitor multiple assets without needing to watch the charts constantly.

Details

The indicator operates by identifying "Sweeps"—instances where price moves beyond a previous candle's high or low but closes back within the range or breaks structure.

1. Liquidity Sweep Detection: The tool first identifies potential sweeps where price exceeds previous candle extremes.
2. Break of Structure (BoS): Following a sweep, the script tracks the swing points. A signal is triggered when the price closes above the last bearish swing high (Buy) or below the last bullish swing low (Sell).
3. Dynamic Tracking: The script dynamically updates tracked levels until a break occurs or the setup is invalidated by price moving too far in the opposing direction.

Settings

• Show Only Last Signal: When enabled, the indicator will only display the most recent signal and box on the chart to maintain a clean workspace.
• Mode: A placeholder setting containing a reminder that the tool is intended for timing at points of interest and is not a standalone strategy.

FAQ

How do I use this indicator?

Wait for price to reach a predefined level of interest, then use the "BUY" or "SELL" labels to confirm the timing of your entry based on the shift in market structure.

What do the colored boxes represent?

The boxes highlight the price action range involved in the structural shift, providing a visual reference for the local high and low used to trigger the signal.

How can I access the Trade Entry Signals?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.