ERAK BOT ALARM

Indicator Name: ERAK BOT ALARM
Description:
This script is a comprehensive trend-following indicator designed for TradingView, combining the logic of an ATR Trailing Stop (similar to the popular "UT Bot") with a Moving Average dashboard. It is designed to help traders identify trend reversals while simultaneously monitoring key support/resistance levels and volume data.
Key Features:
1. Trend Signal Algorithm (ATR Trailing Stop):
• Uses Average True Range (ATR) and a sensitivity multiplier to calculate a trailing stop line.
• Generates Buy signals when the price closes above the trailing stop and Sell signals when it closes below.
• Includes an option to calculate signals based on Heikin Ashi candles for smoother trend detection.
2. Simple Moving Averages (SMAs):
• Calculates and plots four key moving averages on the chart to identify long-term and short-term trends:
• SMA 20 (Yellow)
• SMA 50 (Orange)
• SMA 100 (Blue)
• SMA 200 (Purple) - Recently added for long-term trend analysis.
3. Dynamic Information Labels:
• Whenever a Buy or Sell signal is triggered, the script generates a detailed data label on the chart (above or below the specific bar).
• This label displays the snapshot of the Volume and the exact values of the SMA 20, 50, 100, and 200 at that specific moment, allowing for instant contextual analysis.
4. Visual Alerts:
• Changes the color of the price bars to Green (Bullish) or Red (Bearish) based on the trend.
• Plots "Buy" and "Sell" labels directly on the chart.
• Includes built-in alert conditions (UT Long and UT Short) for automated trading notifications.