OPEN-SOURCE SCRIPT
Updated Cnagda
Cnagda Indicator ek comprehensive trading tool hai jo multiple technical analysis concepts ko combine karta hai:
special thanks to - tradingview.com/u/str0zzapreti/. because its modify version of Breaks and Retests with Volatility Stop [HG]
Support & Resistance Detection - Dynamic pivot-based levels
Breakout & Retest System - Precise entry/exit signals
Anchored VWAP - Volume-weighted average price from swing points
Volatility Stop - Trend-following mechanism
Moving Average Crossovers - EMA/WMA signals
Smart Alerts - Real-time notifications
🔧 Key Features
Support & Resistance System
Lookback Range: 20 bars (customizable) se pivot points detect karta hai
Dynamic Boxes: Support/resistance levels ko visual boxes ke saath display
Auto-Extension: Levels ko future bars tak extend kar sakta hai
Color Coding: Support (Red) aur Resistance (Green) ke liye alag colors
Anchored VWAP System
Swing High/Low Anchoring: Major swing points se VWAP calculate karta hai
Volume Integration: Price aur volume dono consider karta hai
Dynamic Updates: Har naye swing point par reset hota hai
Visual Markers: Anchor points ko clearly mark karta hai
Breakout Detection
Real-time Alerts: Support/resistance break hone par instant notification
Confirmation Options: Candle close confirmation ya high/low based
Repainting Control: 3 modes - On/Off with different confirmation methods
📈 Entry/Exit Strategy Guide
BUY SIGNALS (Long Entry)
Primary Entry Conditions:
Support Retest Confirmed + Price Above Anchored VWAP
Entry: Support level ka successful retest
Stop Loss: Support level ke neeche 5-10 pips
Target: Next resistance level ya 1:2 Risk-Reward
Bullish MA Crossover + Above Volatility Stop (Green)
Entry: EMA(20) crosses above WMA(50)
Stop Loss: Volatility stop level
Target: Next resistance ya swing high
Resistance Breakout + Volume Confirmation
Entry: Clean breakout above resistance box
Stop Loss: Resistance level (ab support ban gaya)
Target: Measured move ya next major level
Confirmation Filters:
✅ Anchored VWAP upward trending
✅ Volatility Stop showing green (uptrend)
✅ Price above both moving averages
✅ Volume increase during breakout
SELL SIGNALS (Short Entry)
Primary Entry Conditions:
Resistance Retest Confirmed + Price Below Anchored VWAP
Entry: Resistance level ka successful retest
Stop Loss: Resistance level ke upar 5-10 pips
Target: Next support level ya 1:2 Risk-Reward
Bearish MA Crossover + Below Volatility Stop (Red)
Entry: EMA(20) crosses below WMA(50)
Stop Loss: Volatility stop level
Target: Next support ya swing low
Support Breakout + Volume Confirmation
Entry: Clean breakdown below support box
Stop Loss: Support level (ab resistance ban gaya)
Target: Measured move ya next major level
Confirmation Filters:
✅ Anchored VWAP downward trending
✅ Volatility Stop showing red (downtrend)
✅ Price below both moving averages
✅ Volume increase during breakdown
⚠️ Risk Management Rules
Position Sizing
Maximum Risk: 1-2% per trade
Stop Loss: Always mandatory
Position Size: Calculate based on stop distance
Exit Strategy
Profit Targets:
Target 1: 1:1 Risk-Reward (book 50%)
Target 2: 1:2 Risk-Reward (book remaining)
Trailing Stops:
Use Volatility Stop as trailing mechanism
Move stop to breakeven after 1:1 achieved
Time-based Exit:
Exit if no momentum within 5-10 bars
Avoid holding overnight without clear trend
🚨 Alert System
Available Alerts:
New Support/Resistance Levels
Breakout Confirmations
Retest Signals (Potential + Confirmed)
MA Crossovers (Bullish/Bearish)
Anchored VWAP Crosses
Volatility Stop Changes
Alert Messages (Hindi):
"EMA/WMA Bullish crossover hua hai, BUY!"
"EMA/WMA Bearish crossover hua hai, SELL!"
"Price Anchored VWAP ke upar break kar gaya!"
"Naya Anchored VWAP anchor point set hua hai!"
⚙️ Customization Options
Visual Settings:
Label Types: Full descriptions ya Simple (Br, Re, P.Re)
Label Sizes: Tiny to Huge
Colors: Fully customizable for all elements
Line Styles: Dotted, Dashed, Solid
Extensions: None, Right, Left, Both
Technical Parameters:
Lookback Range: 1-100 bars
Retest Detection: 1-20 bars
MA Lengths: Customizable EMA/WMA periods
Volatility Stop: Length aur multiplier adjustable
VWAP Anchoring: Swing detection sensitivity
📋 Best Timeframes
Recommended Usage:
Scalping: 1M, 5M (quick signals)
Day Trading: 15M, 30M, 1H (balanced approach)
Swing Trading: 4H, 1D (major levels)
Market Conditions:
Trending Markets: Excellent for breakout trades
Range-bound: Perfect for retest strategies
High Volatility: Volatility stop works best
Low Volume: Wait for volume confirmation
🎯 Performance Tips
Multi-timeframe Analysis: Higher timeframe trend + lower timeframe entry
Volume Confirmation: Always check volume during breakouts
Market Context: Consider overall market sentiment
News Events: Avoid trading during major announcements
Backtesting: Test on historical data before live trading
special thanks to - tradingview.com/u/str0zzapreti/. because its modify version of Breaks and Retests with Volatility Stop [HG]
Support & Resistance Detection - Dynamic pivot-based levels
Breakout & Retest System - Precise entry/exit signals
Anchored VWAP - Volume-weighted average price from swing points
Volatility Stop - Trend-following mechanism
Moving Average Crossovers - EMA/WMA signals
Smart Alerts - Real-time notifications
🔧 Key Features
Support & Resistance System
Lookback Range: 20 bars (customizable) se pivot points detect karta hai
Dynamic Boxes: Support/resistance levels ko visual boxes ke saath display
Auto-Extension: Levels ko future bars tak extend kar sakta hai
Color Coding: Support (Red) aur Resistance (Green) ke liye alag colors
Anchored VWAP System
Swing High/Low Anchoring: Major swing points se VWAP calculate karta hai
Volume Integration: Price aur volume dono consider karta hai
Dynamic Updates: Har naye swing point par reset hota hai
Visual Markers: Anchor points ko clearly mark karta hai
Breakout Detection
Real-time Alerts: Support/resistance break hone par instant notification
Confirmation Options: Candle close confirmation ya high/low based
Repainting Control: 3 modes - On/Off with different confirmation methods
📈 Entry/Exit Strategy Guide
BUY SIGNALS (Long Entry)
Primary Entry Conditions:
Support Retest Confirmed + Price Above Anchored VWAP
Entry: Support level ka successful retest
Stop Loss: Support level ke neeche 5-10 pips
Target: Next resistance level ya 1:2 Risk-Reward
Bullish MA Crossover + Above Volatility Stop (Green)
Entry: EMA(20) crosses above WMA(50)
Stop Loss: Volatility stop level
Target: Next resistance ya swing high
Resistance Breakout + Volume Confirmation
Entry: Clean breakout above resistance box
Stop Loss: Resistance level (ab support ban gaya)
Target: Measured move ya next major level
Confirmation Filters:
✅ Anchored VWAP upward trending
✅ Volatility Stop showing green (uptrend)
✅ Price above both moving averages
✅ Volume increase during breakout
SELL SIGNALS (Short Entry)
Primary Entry Conditions:
Resistance Retest Confirmed + Price Below Anchored VWAP
Entry: Resistance level ka successful retest
Stop Loss: Resistance level ke upar 5-10 pips
Target: Next support level ya 1:2 Risk-Reward
Bearish MA Crossover + Below Volatility Stop (Red)
Entry: EMA(20) crosses below WMA(50)
Stop Loss: Volatility stop level
Target: Next support ya swing low
Support Breakout + Volume Confirmation
Entry: Clean breakdown below support box
Stop Loss: Support level (ab resistance ban gaya)
Target: Measured move ya next major level
Confirmation Filters:
✅ Anchored VWAP downward trending
✅ Volatility Stop showing red (downtrend)
✅ Price below both moving averages
✅ Volume increase during breakdown
⚠️ Risk Management Rules
Position Sizing
Maximum Risk: 1-2% per trade
Stop Loss: Always mandatory
Position Size: Calculate based on stop distance
Exit Strategy
Profit Targets:
Target 1: 1:1 Risk-Reward (book 50%)
Target 2: 1:2 Risk-Reward (book remaining)
Trailing Stops:
Use Volatility Stop as trailing mechanism
Move stop to breakeven after 1:1 achieved
Time-based Exit:
Exit if no momentum within 5-10 bars
Avoid holding overnight without clear trend
🚨 Alert System
Available Alerts:
New Support/Resistance Levels
Breakout Confirmations
Retest Signals (Potential + Confirmed)
MA Crossovers (Bullish/Bearish)
Anchored VWAP Crosses
Volatility Stop Changes
Alert Messages (Hindi):
"EMA/WMA Bullish crossover hua hai, BUY!"
"EMA/WMA Bearish crossover hua hai, SELL!"
"Price Anchored VWAP ke upar break kar gaya!"
"Naya Anchored VWAP anchor point set hua hai!"
⚙️ Customization Options
Visual Settings:
Label Types: Full descriptions ya Simple (Br, Re, P.Re)
Label Sizes: Tiny to Huge
Colors: Fully customizable for all elements
Line Styles: Dotted, Dashed, Solid
Extensions: None, Right, Left, Both
Technical Parameters:
Lookback Range: 1-100 bars
Retest Detection: 1-20 bars
MA Lengths: Customizable EMA/WMA periods
Volatility Stop: Length aur multiplier adjustable
VWAP Anchoring: Swing detection sensitivity
📋 Best Timeframes
Recommended Usage:
Scalping: 1M, 5M (quick signals)
Day Trading: 15M, 30M, 1H (balanced approach)
Swing Trading: 4H, 1D (major levels)
Market Conditions:
Trending Markets: Excellent for breakout trades
Range-bound: Perfect for retest strategies
High Volatility: Volatility stop works best
Low Volume: Wait for volume confirmation
🎯 Performance Tips
Multi-timeframe Analysis: Higher timeframe trend + lower timeframe entry
Volume Confirmation: Always check volume during breakouts
Market Context: Consider overall market sentiment
News Events: Avoid trading during major announcements
Backtesting: Test on historical data before live trading
Release Notes
Updated script I have used the best settings for 5min and 15min TeamFrameNote - This Indicator backtested and forward tested only Xrp/USD Script
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.