Second Entry V2_2 -PATS

Second Entry V2_2 PAT Detection

The indicator tracks market structure and identifies when the market has made a two-legged move in either direction. It marks the second entry long (2EL) below price bars in an uptrend and the second entry short (2ES) above price bars in a downtrend.

✅ Customizable Entry Signals

• Leg Count Tracking: Identifies each leg of the move and only signals when the second leg forms.
• Customizable Risk Management: Set your target, stop-loss placement, and signal distance for optimized trade execution.
• Dynamic Signal Placement: Allows users to swap long and short entries for better visibility.

✅ Visual & Audio Alerts

• Arrows & Text Labels: Clearly displays second-entry setups on the chart.
• Adjustable Text and Arrow Offsets: Ensures better visibility by letting users control where signals appear.
• Audio Alerts: Notifies traders when a second-entry setup occurs.

✅ Future Signal Projection
The indicator not only marks entry points but also projects target and stop-loss levels, helping traders visualize their risk-reward scenarios.

How It Works

1️⃣ The indicator counts legs in the market, identifying when price has completed a first leg and is setting up for a second entry.
2️⃣ Once a second entry signal is confirmed, the indicator draws an arrow and a text label above (for short entries) or below (for long entries).
3️⃣ If enabled, future trade levels (entry, stop, and target) are plotted directly on the chart.
4️⃣ Alerts can be activated to notify the trader when a second-entry setup appears.

Customization Options

• Text & Arrows: Adjust font size, color, and offset for improved visibility.
• Risk Settings: Modify entry distance, stop placement, and target levels in ticks.
• Alerts: Toggle audio alerts for real-time notifications.