Fresh Algo v25: Multi-Feature Trading Indicator for Scalping and Swing Trades

Key Features of the Script:

1. Signal Customization and Sensitivity:
   • Offers “Trending Signals Mode,” “Contrarian Signals Mode,” and other filters like High Volume and Scalping Cloud.
   • Customizable signal sensitivity with tunable parameters.
2. Trend Analysis and Cloud Visualization:
   • Provides a trend cloud overlay, allowing traders to visualize market momentum.
   • EMA 150 and EMA 250 serve as the backbone for trend direction assessment.
3. Dynamic Risk Management:
   • ATR-based stop-loss and take-profit calculations for precise risk control.
   • Supports up to three take-profit levels with clear labeling.
4. Market Structure Analysis:
   • Detects pullbacks and reversals using advanced algorithms.
   • Plots reversal dots based on oscillator crossovers.
5. Session and Volatility Insights:
   • Highlights active trading sessions (New York, London, Tokyo, Sydney).
   • Monitors volatility levels and session-specific trends.
6. Multi-Timeframe Trend Dashboard:
   • Tracks trends across multiple timeframes, such as 5, 15, 30, and 60 minutes.
   • Displays overall market sentiment using a clean dashboard interface.
7. Alerts and Visual Cues:
   • Sends alerts for buy/sell signals, take-profit hits, and trend reversals.
   • Provides visual labels for entry, stop-loss, and take-profit points.

Recommended Usage:

1. Scalping:
   • Best suited for 5-minute to 15-minute charts.
   • Use scalping cloud filters and reversal dots for short-term entries.
2. Swing Trading:
   • Effective on 1-hour to 4-hour charts.
   • Leverage EMA crossovers and trend clouds to confirm directional trades.
3. Risk Management:
   • Apply ATR-based levels to set dynamic stop-loss and take-profit points.
   • Utilize reversal dots for trailing stop adjustments.
4. Intraday Analysis:
   • Combine session insights and dashboard trends for day trading setups.
   • Monitor volatility levels to align trades with market activity.

Script Evaluation:

• Functionality: 4.8/5
  A feature-rich script integrating trend analysis, risk management, and session tracking for diverse trading styles.
• Ease of Use: 4.2/5
  While the script’s extensive features may seem complex, the dashboard simplifies navigation for experienced traders.
• Accuracy: 4.6/5
  Signals and trend clouds are reliable when paired with appropriate market context.
• Repainting Analysis:
  This script does not repaint. Signals are generated based on confirmed bar data, ensuring consistency in real-time and historical analysis.
• Optimal Timeframes:
  • Scalping: 5-minute to 15-minute charts.
  • Swing Trading: 1-hour to 4-hour charts.
• Author and Development Quality:
  The script’s author is not explicitly named. The quality of integration and the coding structure suggest professional-level expertise, but clearer documentation would enhance usability.
• Overall Score: 4.7/5
  A versatile and reliable trading tool ideal for traders seeking to integrate multi-timeframe analysis, risk management, and trend detection.

How to Apply Pine Script in TradingView:

1. Open TradingView and log in.
2. Navigate to the Pine Script Editor at the bottom of the screen.
3. Copy the provided Pine Script code.
4. Paste it into the editor and click Save.
5. Name the script, e.g., “Fresh Algo v25.”
6. Click Add to Chart to apply the script.
7. Customize settings through the indicator panel to align with your trading strategy.

Final Verdict:

The Fresh Algo v25 script offers a comprehensive suite of tools for both scalping and swing trading. Its non-repainting design ensures accurate signals, while its multi-timeframe dashboard provides clarity across different market conditions. Although its complexity may req

Product (PineScript)