TrEx Lite [ETPINVEST]

TrEx Lite is a technical indicator for basic market structure analysis. Automatically identifies extremes with trend lines, builds support/resistance levels and includes Golden/Death Cross trading strategy with additional exit points.

🔶 MAIN FUNCTIONS
The indicator provides basic structural analysis:

• Automatic identification of extremes
  
• Building trend lines through extremes
  
• Automatic support and resistance levels
  
• Golden Cross trading strategy (EMA 50 crosses EMA 200 from below)
  
• Death Cross strategy (EMA 50 crosses EMA 200 from above)
  
• Additional exit points based on EMA narrowing and RSI filtering
  
• System of 4 basic alerts for key events

🔶 STRUCTURAL ELEMENTS

• Automatic connection of extremes with trend lines
  
• Significance filtering to exclude noise
  
• Basic levels from extremes with touch
  
• Built-in clustering of nearby levels to reduce noise
  
• Color differentiation: green (support) and red (resistance)
  
• Line thickness adjustment

🔶 TRADING STRATEGY
Golden/Death Cross system:

• Golden Cross - EMA 50 crosses EMA 200 from below (bullish signal)
  
• Death Cross - EMA 50 crosses EMA 200 from above (bearish signal)
  
• Position tracking with automatic state management
  
• Entry points marked with triangles on the chart

Additional exit points:

• Narrowing distance between EMAs after position entry
  
• RSI filtering against trend (crossing center line 50)
  
• Reverse EMA crossing as main exit signal
  
• Minimum 5 candles in position to filter false exits

🔶 SETTINGS
Trend line and levels:

• Enable/disable trend line display
  
• Trend line color and thickness (1-5 pixels)
  
• Enable/disable levels display
  
• Support and resistance colors
  
• Level line thickness

Trading strategy:

• Enable/disable Golden/Death Cross strategy
  
• Show additional exit points
  
• Automatic position tracking

Alert system (4 types):

• Support/resistance level touch
  
• Level breakout with close beyond
  
• Golden Cross (bullish signal)
  
• Death Cross (bearish signal)

🔶 TECHNICAL SPECIFICATIONS

• Extremes algorithm: Complex algorithm with fixed parameters combining 2-3 candles
  
• Clustering: ATR-based merging of nearby levels
  
• Trading logic: EMA crossovers with RSI confirmation
  
• Performance: Optimized for stable operation on all timeframes
  
• Compatibility: All TradingView markets and timeframes
  
• Requirements: Minimum 100 bars of history

🔶 LIMITATIONS

• Fixed analysis parameters (depth 100 bars)

🔶 DISCLAIMER
TrEx Lite provides basic technical information for market structure analysis. Not investment advice. Trading strategy requires additional analysis and risk management.