ERAK BOT ALARM

Option 1: Short & Concise (Best for TradingView Description Box)
ERAK BOT ALARM - Trend & SMA Analyzer
This indicator is a comprehensive trend-following tool designed to assist traders in identifying market reversals and trend strength. Built upon an ATR Trailing Stop mechanism (similar to the UT Bot), it generates clear Buy and Sell signals while visually tracking the trend direction.
Key Features:
• Trend Identification: Uses ATR-based logic to color bars and plot signals (Long/Short).
• Moving Averages: Automatically plots SMA 20, 50, 100, and 200 to help visualize dynamic support and resistance levels.
• Smart Info Labels: Whenever a signal occurs, a dynamic label appears on the chart displaying the current Volume and the exact values of all four SMAs, providing instant context for the trade setup.
Option 2: Detailed Technical Definition
Indicator Name: ERAK BOT ALARM
Description:
The ERAK BOT ALARM is a hybrid technical indicator that combines volatility-based trend detection with classic moving average analysis.
1. Core Logic (ATR Trailing Stop):
The script calculates a trailing stop using the Average True Range (ATR) and a user-defined sensitivity multiplier (Key Value).
• Buy Signal: Generated when the price crosses above the trailing stop line.
• Sell Signal: Generated when the price crosses below the trailing stop line.
• Bar Coloring: Candles are colored Green (Bullish) or Red (Bearish) based on the active trend.
2. Integrated Moving Averages (SMAs):
Unlike standard trend bots, this script overlays four essential Simple Moving Averages directly onto the chart:
• SMA 20 (Yellow): Short-term trend.
• SMA 50 (Orange): Medium-term trend.
• SMA 100 (Blue): Major trend baseline.
• SMA 200 (Purple): Long-term trend and key support/resistance.
3. Data Visualization (Labels):
To aid in quick decision-making, the script features an "Info Label" system. Upon every Buy or Sell signal, a label is generated above or below the signal candle containing:
• Volume: The trading volume of the signal candle.
• SMA Data: The precise numerical values of the SMA 20, 50, 100, and 200 at that specific moment.
4. Alerts:
Includes built-in alert conditions (UT Long and UT Short) for setting up automated notifications.
Settings:
• Key Value: Adjusts the sensitivity of the signals.
• ATR Period: Sets the lookback period for volatility calculation.
• Heikin Ashi: Option to calculate signals based on Heikin Ashi candles instead of standard Close price.