BEM Scalping & Trend Continuation Tool

The BEM Scalping & Trend Continuation Tool highlights 3-candle pullback structures into moving averages and visualizes potential continuation areas within ongoing trends. The script includes two pullback detectors using configurable moving averages, a trend-direction average, VWAP, signal markers, and dynamic swing-level tracking. These elements are designed to support visual analysis of short-term momentum, pullbacks, and structural behavior across different markets and timeframes.

How It Works:

The script identifies descending 3-bar patterns (for bullish pullbacks) and ascending 3-bar patterns (for bearish pullbacks). Pullbacks are highlighted when they interact with a selected moving average and meet additional structural criteria. Optional markers plot when such patterns occur.

Swing levels are detected using pivots, extended forward, and removed when invalidated.

Intended Use:

This tool supports discretionary and rule-assisted chart analysis by highlighting pullbacks, trend context, and market structure. It does not generate predictions or financial advice, and its signals do not imply performance or outcomes.

⭐ Core Features

1️⃣ Highlighted Pullback Bars (Fast + Deep Retracements)

The tool uses two customizable moving averages:

MA1 (default 9) → Fast trend pullback
MA2 (default 45) → Deeper retracement pullback

The script highlights candles when the price creates a structured 3-bar pullback into either moving average. Colors automatically reflect bullish or bearish continuation conditions.

2️⃣ Trend Direction Filter

A longer moving average (default 102) provides directional bias.
This helps traders visually stay aligned with the dominant trend.

3️⃣ VWAP Integration

VWAP is included as a dynamic institutional support/resistance level.
Useful for intraday bias, mean reversion, and trend continuation confluence.

4️⃣ Automated Pullback Signals

Triangle signals appear when a pullback meets all conditions:

Bullish/Short-term long

Bearish/Short-term short

Deep Bullish pullback (MA45)

Deep Bearish pullback (MA45)

These optional markers provide clear visual confirmation.

5️⃣ Smart Swing Lines (Auto-Structure Tracking)

Swing highs and lows are automatically detected and projected forward.
Broken levels self-remove to keep the chart clean.
Great for structure trading, liquidity analysis, and break-of-structure confirmation. To help identify the best possible scenario for the trend continuation pullback work A+.

🔍 How the Pullback Logic Works

The BEM Scalping & Trend Continuation Tool uses a 3-bar structural pattern:

Bullish Pullback Pattern

The High of the first candle needs to be higher than the second one, and the high of the second needs to be higher than the third, moving down in a pullback to the moving average.

Price wicks into MA

Open above MA (rejection)

Continuation expected upward

Bearish Pullback Pattern

The Low of the first candle needs to be lower than the second one, and the low of the second one needs to be lower than the third one, moving upward to the moving average.

Price wicks into MA

Open below MA (rejection)

Continuation expected downward

Bars are highlighted in different colors based on MA1(fast) or MA2(slow and deeper) pullback.

📘 How to Trade the System (Optional Use Case)

(Not predictive; for discretionary workflow support.)

LONG Scenario

Price above Trend MA

Price above VWAP (optional confluence)

Gold (MA9) or Blue (MA45) bullish pullback highlight

Bullish triangle plotted

Entry: candle close or break of signal candle high

Stop: below MA or swing low

Target: next liquidity level, swing high, or trail with MA9

SHORT Scenario

Price below Trend MA

Price below VWAP

Purple (MA9) or Deep Violet (MA45) bearish pullback highlight

Bearish triangle plotted

Entry: candle close or break of signal candle low

Stop: above MA or swing high

Target: next swing low or break structure


*
This tool is for charting and better visualization of pullback and trend continuation only.
It does not guarantee profits.
Always combine with proper risk management.