Description
This indicator is designed to visually guide trade readiness based on multiple conditions. It tracks four key elements: the price’s distance from a TEMA (Triple Exponential Moving Average), RSI levels, volume confirmation, and ROC (Rate of Change) direction. The indicator shows a step-by-step checklist panel on the chart for both buy and sell setups.
When the price is at a suitable distance from the TEMA and RSI conditions are met, and volume is sufficient, the indicator enters a “readiness” phase (marked yellow). The final confirmation occurs when the ROC indicator confirms direction—at this point, readiness turns to confirmation (marked blue). If too much time passes or price moves too far, readiness is canceled (marked red). This ensures clear visual steps before a trade decision, helping to manage timing and conditions transparently.
