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.