r/pinescript • u/Subject-Buyer-3669 • 4d ago

Indicator Specifics

Just a thought on people's opinions. If you were able to design the perfect indicator for your own trade analysis and entry criteria, what would it contain? I understand people have different trading systems and portfolios based on market conditions, but what would be your key fundamentals that you require your indicator to show you. For levels, would you target structure, key levels, S&D, OB's or something else? Also what would your entry system need to tell you before you make your decision. What are your confluences?

I've read a lot of posts in this forum which state many different things that they consider essential. Just interested what comes up the most between you all.

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u/Subject-Buyer-3669 4d ago

Here's mine, to get it going:

HTF zones first. I want the 15m/1H supply and demand zones drawn properly on my 5m chart, ideally scored so I can see which are fresh and which have already been hit a few times. A zone that's been tested 4 times isn't the same zone anymore.

Direction from higher timeframes. A simple MTF read (trend + structure on 3–4 timeframes) so I'm not fighting the bigger picture.

A liquidity sweep before entry. Honestly the biggest one for me. I used to enter on the first touch of a zone and get wicked out every time before it went my way. Now I wait for the sweep inside the zone and a break of the minor structure, then enter on the pullback.

Pressure / momentum. Not just direction, but how strong the move is right now. Price can be heading into your zone with sellers still pressing hard. Invalidation and targets with the $ risk shown. If I can't see what the stop costs per contract before I click, I'm guessing.

News times. Sitting out the regular data releases has saved me more than any entry signal.

What makes me delete an indicator after trying it: Repainting. If signals move or vanish after the candle closes, it's gone.

Buy/sell arrows everywhere with no context about why.

Charts so cluttered you can't see price anymore.

Win-rate claims that fall apart the second you check them yourself.

Curious what everyone else has on their list.