AI Trading Alerts v6 — SL/TP + Confidence + Panel (Fixed)

The AI Trading Alerts v6 — SL/TP + Confidence + Panel (Fixed) indicator provides a comprehensive trading system for Forex, commodities, and crypto by combining multiple technical filters with automated risk management suggestions. It leverages trend-following EMAs, momentum oscillators, and price proximity rules to identify high-probability trade setups accompanied by a real-time confidence score.

Usage

The indicator identifies potential Long or Short entries based on the alignment of three core components: trend confirmation, momentum, and price location.

• Trend Filter: A bullish trend is identified when the EMA 50 > 100 > 200, while a bearish trend requires EMA 50 < 100 < 200.
• Momentum Filters: The RSI must be above 50 for Longs and below 50 for Shorts. Additionally, the Stochastic RSI prevents "chasing" moves by ensuring the market is not at extreme overbought or oversold levels.
• EMA Proximity: To ensure better entry pricing, the script requires the price to be near the EMA 50 (calculated via an ATR multiplier) before a signal triggers.
• Confidence Score: A panel displays a score from 0–4 based on how many conditions are currently met. A score of 4/4 (Strongest) indicates perfect alignment.
• Trade Suggestions: Once a signal appears, the script provides specific Stop-Loss (SL) and Take-Profit (TP) suggestions based on the asset class and a user-defined Risk:Reward ratio.

Details

The script executes a multi-layered logic to filter out noise in trending markets. It uses the EMA 50 as a primary "value zone" reference; signals are only generated if the price is within a specific ATR-based distance from this average. This prevents entering trades when the price is extended far from the mean. The automated SL calculation is adaptive, detecting the ticker symbol to apply appropriate point offsets for Gold (XAU), Bitcoin (BTC), or standard FX pairs.

Settings

• EMA 50/100/200 Length: Determines the lookback period for the three trend-filtering Exponential Moving Averages.
• RSI Length: Sets the period for the Relative Strength Index momentum filter.
• Stochastic Settings (Length, K, D): Adjusts the sensitivity of the Stochastic RSI used to filter extreme conditions.
• Risk/Reward Ratio for TP: Sets the multiplier for the Take-Profit level relative to the Stop-Loss distance.
• Near-EMA threshold (ATR x): Adjusts how close the price must be to the EMA 50 to trigger a valid setup. Higher values allow for looser entries.

FAQ

How do I interpret the Confidence Panel?

The panel shows checkmarks for Trend, RSI, Stochastic, and Proximity. If all boxes are checked and the Confidence is "Strongest," the technical criteria for a high-probability setup are fully aligned.

Can I set up automated alerts with this tool?

Yes, the indicator includes alert conditions for "Long Setup," "Short Setup," and "EMA Crosses." You can configure these by clicking the clock icon in TradingView and selecting the script as the condition.

How can I access AI Trading Alerts v6 — SL/TP + Confidence + Panel (Fixed)?

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