OPEN-SOURCE SCRIPT
ATLAS AI Trade Mentor PRO v0.31
ATLAS AI Trade Mentor PRO v0.31
ATLAS AI Trade Mentor PRO is an advanced Pine Script v6 indicator system designed to combine trend tracking, market structure analysis, momentum evaluation, and dynamic risk management into a unified AI-driven scoring engine.
It aims to filter out market noise, prevent false signals, and provide clean trade execution opportunities for both discretionary traders and algorithmic trading strategies.
🚀 Key Features
1. Trend & Momentum Scoring Engine
The indicator relies on a multi-dimensional logic rather than a single technical tool:
Trend Engine: Calculates a Trend Score (0 to 100) based on 20, 50, and 200 EMA slopes, moving average alignment, and ATR-based volatility channels.
Momentum & Volume: Integrates RSI and MACD confluence alongside volume spikes and volatility expansion to refine signal confidence.
Smart Score: Generates actionable BUY / SELL signals only when the threshold score (default: 65) is exceeded.
2. Market Structure Engine (BOS & CHOCH)
Pivot Swing Detection: Automatically identifies key swing highs and swing lows (HH, HL, LH, LL).
BOS (Break of Structure): Highlights trend continuation breaks directly on the chart.
CHOCH (Change of Character): Detects early structural trend shifts.
3. Automated Risk & Position Management
Dynamic Stop Loss / Take Profit: Calculates exact TP1, TP2, and Stop Loss levels dynamically upon trade entry.
ATR Trailing Stop: Protects accrued profits by trailing active trends.
Break-Even System: Moves the stop price to entry automatically once favorable price targets are hit.
4. Webhook & Automated Trading Ready
JSON Webhook Payload: Built-in JSON formatting makes it fully compatible with external brokerage APIs and automated execution bots.
Uses the modern alert() framework to send dynamic BUY, SELL, and EXIT payloads bar-by-bar.
5. On-Screen Live Dashboard
Includes a clean, transparent on-screen dashboard displaying:
Primary Trend Direction (BULL / BEAR / SIDE)
Long and Short Final Smart Scores
Confidence Level & Risk Assessment
AI Mentor: Real-time contextual trade advice (e.g., "SELL AFTER PULLBACK").
⚙️ How to Use
Recommended Timeframes: Best performance is achieved on 15m, 30m, and 1h timeframes.
Asset Compatibility: Compatible with equities, index futures, forex parities, and crypto assets.
Customization: Parameters like Minimum Signal Score, ATR Multipliers, and TP/SL percentages can be adjusted via the Inputs panel.
⚠️ Disclaimer:
This indicator is built strictly for educational and technical analysis purposes. It does not constitute financial or investment advice. Always backtest against your personal risk parameters before live execution.
ATLAS AI Trade Mentor PRO is an advanced Pine Script v6 indicator system designed to combine trend tracking, market structure analysis, momentum evaluation, and dynamic risk management into a unified AI-driven scoring engine.
It aims to filter out market noise, prevent false signals, and provide clean trade execution opportunities for both discretionary traders and algorithmic trading strategies.
🚀 Key Features
1. Trend & Momentum Scoring Engine
The indicator relies on a multi-dimensional logic rather than a single technical tool:
Trend Engine: Calculates a Trend Score (0 to 100) based on 20, 50, and 200 EMA slopes, moving average alignment, and ATR-based volatility channels.
Momentum & Volume: Integrates RSI and MACD confluence alongside volume spikes and volatility expansion to refine signal confidence.
Smart Score: Generates actionable BUY / SELL signals only when the threshold score (default: 65) is exceeded.
2. Market Structure Engine (BOS & CHOCH)
Pivot Swing Detection: Automatically identifies key swing highs and swing lows (HH, HL, LH, LL).
BOS (Break of Structure): Highlights trend continuation breaks directly on the chart.
CHOCH (Change of Character): Detects early structural trend shifts.
3. Automated Risk & Position Management
Dynamic Stop Loss / Take Profit: Calculates exact TP1, TP2, and Stop Loss levels dynamically upon trade entry.
ATR Trailing Stop: Protects accrued profits by trailing active trends.
Break-Even System: Moves the stop price to entry automatically once favorable price targets are hit.
4. Webhook & Automated Trading Ready
JSON Webhook Payload: Built-in JSON formatting makes it fully compatible with external brokerage APIs and automated execution bots.
Uses the modern alert() framework to send dynamic BUY, SELL, and EXIT payloads bar-by-bar.
5. On-Screen Live Dashboard
Includes a clean, transparent on-screen dashboard displaying:
Primary Trend Direction (BULL / BEAR / SIDE)
Long and Short Final Smart Scores
Confidence Level & Risk Assessment
AI Mentor: Real-time contextual trade advice (e.g., "SELL AFTER PULLBACK").
⚙️ How to Use
Recommended Timeframes: Best performance is achieved on 15m, 30m, and 1h timeframes.
Asset Compatibility: Compatible with equities, index futures, forex parities, and crypto assets.
Customization: Parameters like Minimum Signal Score, ATR Multipliers, and TP/SL percentages can be adjusted via the Inputs panel.
⚠️ Disclaimer:
This indicator is built strictly for educational and technical analysis purposes. It does not constitute financial or investment advice. Always backtest against your personal risk parameters before live execution.
Open-source script
In true PulseWire spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by PulseWire. Read more in the Terms of Use.
Open-source script
In true PulseWire spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by PulseWire. Read more in the Terms of Use.