Prop Algo | PTZ for TradingView

Signals, Order Blocks, Smart Panel, Risk Management & Auto Trendlines — One Indicator, Every Tool You Need

Prop Algo | PTZ is a full-featured TradingView overlay indicator built for active traders who want signals, structure, and context on a single chart. It combines a Supertrend-based signal engine, Smart Money order blocks, multi-timeframe dashboard, dynamic TP/SL levels, session detection, and auto trendlines — all in one script, free to add on TradingView.

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What Is Prop Algo | PTZ?

Prop Algo | PTZ is a comprehensive chart overlay that brings together everything an active trader needs in one place. Instead of stacking 5–6 separate indicators, you get signals, structure, risk levels, and market context from a single script. It works on any market and any timeframe — indices, forex, crypto, stocks.

The indicator is built around a Supertrend-based signal engine with eight configurable signal modes. On top of that, it adds Smart Money order block detection, a multi-timeframe dashboard, dynamic take profit and stop-loss lines, session labels, candle coloring, auto trendlines, and an optional market structure overlay.

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Signal Engine

Buy and sell signals appear directly on the chart as arrows. The signal engine uses a configurable Supertrend with adjustable sensitivity and a Signal Tuner (1–25) to adapt to different instruments and timeframes.

Eight signal modes let you filter signals to your style:

• Trending Signals — signals aligned with the dominant trend
• Contrarian Signals — counter-trend entries for reversal setups
• High Volume Filter — signals confirmed by volume expansion
• Strong Filter — only signals above or below the 200 EMA
• Swing / Smooth / Scalping / Scalping+ Cloud Filters — signals filtered through trend clouds at different sensitivities

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Trading Assistants

Two assistant modes sit alongside the signal engine:

• Trend Assistant — a dynamic cloud overlay that colors bullish or bearish as structure shifts
• Trend Tracker — a long-term trend average line (250 EMA-based) colored by direction

The Reversal Dot system uses a WaveTrend oscillator to mark potential exhaustion points at overbought and oversold extremes. The tuner (2–30) adjusts how sensitive the dots are.

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Risk Management — TP, SL & Trailing Stop

Every signal automatically draws entry, stop-loss, and up to three take profit levels on the chart with labeled lines. Stop loss uses ATR-based calculation by default, or a percentage-based trailing stop if you prefer.

Take profit multipliers are fully configurable (default: 1×, 2×, 3× ATR from entry). Dynamic TP labels appear when RSI crosses key thresholds after a signal (70/75/80 for longs, 30/25/20 for shorts), marking natural exit zones.

An optional trailing stop-loss line follows price in the direction of the trade and is visible on the chart in real time.

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Smart Money Concepts — Order Blocks & Breakers

The indicator detects and draws four types of Smart Money zones:

• Bu-OB — Bullish Order Block: last bearish candle before a bullish Break of Structure
• Be-OB — Bearish Order Block: last bullish candle before a bearish Break of Structure
• Bu-BB / Bu-MB — Bullish Breaker or Mitigation Block: prior swing structure turned support
• Be-BB / Be-MB — Bearish Breaker or Mitigation Block: prior swing structure turned resistance

Boxes extend to the right and close automatically when price invalidates the zone. A Break of Structure (BoS) line and label marks each confirmed market shift. Colors for all zone types are fully customizable.

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Smart Panel Dashboard

A compact dashboard in the corner of your chart shows six data points at a glance:

• MTF Bias — color-coded bull/bear for M5, M15, M30, 1H, and 4H (200 EMA position)
• Market State — Trending, Ranging, or No Trend (ADX-based)
• Volatility — percentage score based on ATR deviation
• Institutional Activity — Active or Inactive based on volume vs average
• Current Session — New York, London, Tokyo, Sydney, or overlap
• Trend Pressure — Bullish, Bearish, or Flat

Dashboard position (9 options) and size (4 options) are configurable from settings.

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Auto Trendlines

The indicator automatically draws a regression-based trend channel: a center line plus upper and lower deviation bands, all extending to the right. They update every bar without any manual input — useful for spotting breakout levels and dynamic support/resistance.

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Candle Coloring & Session Detection

Bars are colored based on MACD momentum — green shades for building bullish momentum, red shades for building bearish momentum, and purple for neutral/ranging conditions. The current trading session (New York, London, Tokyo, Sydney, or overlaps) is detected automatically and shown in the dashboard.

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Alerts

The indicator includes a full alert system. You can enable or disable individual alerts from settings:

• Buy Signal / Strong Buy
• Sell Signal / Strong Sell
• Stop-Loss Crossed
• Target 1, 2, 3 Crossed
• Cloud Turned Bullish / Bearish
• Market Structure Break (BoS)
• Price entering Order Block zones

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Who Is This For?

Prop Algo | PTZ is built for traders who want a structured, organized chart without juggling multiple indicators. It fits prop firm traders, day traders, and swing traders across any liquid market. It is not a signal service or a strategy — it provides context, structure, and levels. You make the trading decisions.

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