Algo ProV1

What It Does

AlgoProV1 blends a tried‑and‑true SuperTrend trend filter with an ATR‑based stop‑loss that trails and plots clear profit targets—so you can focus on trading, not chart clutter.

• Trend Detection

  • Computes a “SuperTrend” line by taking the average of high/low/close/open (HLCO) and offsetting it by ATR×Sensitivity.

  • When price crosses above the upper band, a long signal is triggered; crossing below the lower band gives a short signal.

  • Entry arrows mark the exact bar of the SuperTrend flip.

• Dynamic Stop‑Loss (SL)

• • On entry, SL is set at entry ± ATR×SLFactor.

  • As the trade progresses, the indicator recalculates ATR×SLFactor each bar.

  • Only if this new level is more protective (higher for longs, lower for shorts) does the SL ratchet toward the current price.

  • A yellow trail line tracks that ratcheting path, and a bold red SL stub at the chart edge shows your live stop level.

• Profit Targets (TPs)

  • Three horizontal green dashes represent TP1, TP2, and TP3 at 1×, 2×, and 3× the initial ATR distance from entry.

  • These lines stretch from the entry bar all the way to the latest candle, keeping your targets in view until the trade closes.

How It Works Algo ProV1

1. Wait for a Trend Flip

   • The SuperTrend bands adapt to volatility via your ATR Sensitivity setting.

   • When price breaks out of the band, you get a clear arrow marking your entry bar.

2. Set and Show Your SL & TPs

   • Instantly lay down an initial SL a fixed ATR distance away and three profit levels beyond.

   • All lines draw from the entry bar through the chart in one continuous glance.

3. Watch the Trail Work for You

   • As price moves your way, the ATR‑trail (yellow) and SL stub (red) ratchet in—tightening your risk—but they stay put if price bumps back.

   • You’re never stopped out by a small retracement, only by a genuine trend reversal.

Why Traders Love It

• No Guesswork on Stops: ATR adapts to changing volatility, so you don’t pinch yourself out on random whipsaws.

• Clean, Persistent Visuals: Entry, stops, and targets remain visible from the moment of signal until you exit.

• One‑Click Configuration: Tweak Sensitivity and SLFactor to suit your preferred risk profile—everything else plots automatically.