Cardwell Range Analyze
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- Sürüm: 1.1
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Cardwell Range Analyze
An RSI "range" regime engine (inspired by Andrew Cardwell's RSI rules) combined with a trend filter, higher-timeframe confirmation and an ADX chop filter. When momentum and trend agree, it prints a clean BUY or SELL signal and automatically draws a full trade plan - Entry, Stop Loss and three Take-Profit targets - with shaded risk and reward zones. A compact on-chart dashboard summarizes the market state at a glance.
Key Features
- RSI regime engine - classifies the market as Bullish, Bearish or Neutral using configurable RSI ranges plus a trend moving average.
- Confirmation filters - Higher-Timeframe (HTF) trend confirmation and an ADX filter that blocks weak, sideways markets.
- Automatic trade levels - ATR-based Entry, SL, TP1, TP2 and TP3, shown only for the most recent signal.
- Risk / Reward zones - shaded boxes behind price so risk and reward are instantly visible.
- Heatmap candles - candle bodies recolored by the current regime.
- Info dashboard - Regime, RSI, ranges, trend, ADX strength and a plain-language Analysis line.
- Alerts - popup and push notifications on every new signal, with full Entry/SL/TP detail.
- Fully customizable colors, ranges, ATR multipliers and dashboard position.
How It Works
- Trend: price vs a moving average (default 50) - above = uptrend, below = downtrend.
- RSI range: a bullish regime needs RSI inside the Bull Range (default 40-80); a bearish regime needs RSI inside the Bear Range (default 20-60).
- Regime confirmation: the condition must hold for N bars (default 2) before it is accepted, reducing whipsaw.
- HTF confirmation: a BUY only fires if the higher timeframe (default H4) also trends up; a SELL needs the HTF trending down.
- Chop filter: signals are blocked when ADX is below the minimum strength (default 20).
- Trade levels: Entry = close of the bar before the signal; SL and TPs are set at Entry +/- (ATR x multiplier).
How To Use
- Attach to a chart. Recommended timeframe: H4 (or H1 with HTF = H4). Keep the chart timeframe below the HTF setting.
- Read the dashboard for the current regime and the Analysis verdict.
- When a BUY (blue up arrow) or SELL (orange down arrow) appears, the Entry / SL / TP1-3 lines and the risk/reward zones are drawn automatically.
- Use the drawn SL for your stop and TP1/TP2/TP3 for scaling out. Only the latest signal is shown - a new signal replaces the old one.
- Turn on alerts to be notified of new signals.
Colors, Arrows and Levels (Legend)
- Teal candle = Bullish regime. Red candle = Bearish regime. Gray candle = Neutral.
- Blue up arrow (below the bar) = BUY signal.
- Orange down arrow (above the bar) = SELL signal.
- Blue dashed line = Entry price.
- Red solid line = Stop Loss.
- Teal dashed lines = TP1 / TP2 / TP3 targets.
- Red shaded box = Risk Zone (Entry to SL).
- Green shaded box = Reward Zone (Entry to TP3).
- "BUY" / "SELL" tag = text label at the signal bar.
Dashboard
- Regime - BULLISH / BEARISH / NEUTRAL.
- RSI Value - current RSI as a bar and percentage.
- Bull Range / Bear Range - the RSI bands that define each regime.
- Trend - UP or DOWN (price vs trend MA).
- ADX Strength - trend strength as a bar and percentage.
- Analysis - plain-language read: "Uptrend - buyers control", "Downtrend - sellers control", "Choppy - stay out", or "No clear signal - wait".
Inputs
- Core Settings: RSI length & source, Trend MA length & source.
- Filters: Bull/Bear ranges, Regime Confirm Bars, HTF on/off & timeframe, ADX filter on/off, ADX length & minimum.
- Trade Tools: ATR length, SL / TP1 / TP2 / TP3 ATR multipliers.
- Visuals: toggle heatmap candles, signals and trade levels.
- Dashboard: show/hide and corner position.
- Alerts: popup and push notification toggles.
- Colors: every candle, signal, line, zone and dashboard color is customizable.
Recommended Settings
- Timeframe: H4 (default HTF = H4). Intraday: H1 chart with HTF H4. Swing: H4 chart with HTF D1.
- Keep the chart timeframe lower than the HTF setting.
- Avoid very low timeframes (M1/M5) where signals are noisier.
Disclaimer: This indicator is an analysis tool, not financial advice. The Entry/SL/TP levels are mathematical guides based on ATR and past price and do not guarantee results. Always apply your own risk management and test on a demo account first.
