Smart MW Pattern Dual ATR System
- Indicators
- Version: 1.1
- Activations: 5
Elevate your trading with a professional-grade Price Action system designed to identify high-probability M-shaped (Double Top) and W-shaped (Double Bottom) patterns. Unlike basic indicators, the Smart MW Pattern Dual ATR System provides a complete trading framework, integrating entry signals with a sophisticated two-stage risk management system.
Core Logic:
This indicator detects market turning points by identifying classic M and W price structures. To ensure the highest signal quality, it filters these patterns using a Dual ATR (Average True Range) logic:
-
Initial Smart SL: Automatically calculates a safe stop-loss level at the moment of entry using a dedicated ATR period.
-
Dynamic Trailing Stop: Uses a separate ATR calculation to track the trend, allowing you to ride the wave while protecting your profits.
Key Features:
-
✅ 100% Non-Repaint: Once a candle closes and a signal appears, it stays fixed. Reliability is our top priority.
-
✅ Dual ATR Protection: Unique logic using two different ATR settings—one for entry protection and one for trend following.
-
✅ Smart Visual Labels: Clear "BUY" and "SELL" text labels with price execution levels displayed directly on your chart.
-
✅ Dynamic Trailing Stop: An orange dotted line that follows the price, helping you exit at the optimal time.
-
✅ Static Smart SL: A clear yellow label showing exactly where to place your initial stop loss to avoid market noise.
-
✅ Fully Customizable: Adjust pivot sensitivity (Left/Right bars) and ATR multipliers to fit any timeframe or asset.
How to Trade:
-
Sell Signal (M-Pattern): Wait for the Red Arrow and "BÁN" label. Place your SL at the Yellow "Smart SL" level. Follow the Orange Trailing line.
-
Buy Signal (W-Pattern): Wait for the Lime Arrow and "MUA" label. Place your SL at the Yellow "Smart SL" level. Follow the Orange Trailing line.
-
Exit: Close the trade when the price hits the Orange Trailing Stop line or when an opposite signal appears.
Input Parameters:
-
M-W Pattern Configuration: Adjust Left Bars and Right Bars to define the sensitivity of peak/valley detection.
-
Smart SL Settings: Enable/Disable the static SL label and adjust the ATR multiplier for initial protection.
-
Trailing Stop Settings: Enable/Disable the dynamic line and adjust the ATR multiplier to control how "tight" the stop follows the price.
Recommendations:
-
Timeframes: Works best on M15, H1, and H4.
-
Assets: Optimized for Forex majors, Gold (XAUUSD), and Indices.
-
Risk Management: Always use the provided Smart SL levels to protect your capital.
