Description
The StalkeR Arrow is a non-repainting arrow indicator designed to provide precise Buy and Sell signals based on price action patterns and fractals. Signals are generated at bar open or intra-bar, offering real-time trade opportunities.
Key Features:
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Arrow Signals: Clearly marked Buy/Sell signals appear with each valid setup, based on internal logic tied to fractals and price patterns.
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TP and SL Levels: Each signal includes Take Profit (TP) and Stop Loss (SL) levels, displayed as horizontal lines above or below the signal. These lines remain active until a new signal is generated.
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Win/Loss Dashboard: Includes a built-in backtesting panel that displays the historical performance of signals, including win and loss statistics, based on spread and TP/SL levels.
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Non-Repainting: Signals do not repaint or backpaint, ensuring full reliability during live trading and backtesting.
Input Parameters:
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StalkeR Period: Defines the sensitivity of signal generation. Higher values produce fewer, more conservative signals.
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Spread (Points): Used in the win/loss calculation on the dashboard to simulate real trading conditions.
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Stoploss ATR Multiplier: Multiplies the ATR value to define the SL distance.
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Takeprofit ATR Multiplier: Multiplies the ATR value to determine the TP level.
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ATR Period: The period used for ATR calculations to derive TP and SL values.
Visual Customization:
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TP/SL Line Settings: Customize the color and width of Take Profit and Stop Loss lines.
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Arrow Settings: Set the color and width of Buy and Sell arrows to match your chart style.
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Panel Positioning: Adjust the location of the backtesting dashboard/panel on the chart for optimal visibility.
Notifications:
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Alerts, Emails, and Push Notifications: Stay informed with real-time alerts when new Buy or Sell signals are generated.
