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Defect Warrior Premium: Non-Engulf Signal + MTF Bias + Plan & Da

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Overview
Defect Warrior Premium is a closed-source indicator that generates confirmed buy/sell signals on a selected signal timeframe (default: H1) and provides an integrated trade plan (Entry/SL/TP) plus a monthly points dashboard.
It is designed to reduce noisy signals by combining a proprietary “non-engulf” candle condition with multi-timeframe bias, adaptive VIDYA bands, and supply/demand proximity.

Core Concept (How it works)
This script builds a signal only when all layers align:

Defect Candle Condition (Signal TF)

Candle body ratio must be within a defined range.

Candle must be non-engulfing vs the previous candle (the body does not fully cover the previous body range).

Direction is based on candle close vs open (bull/bear).

Market Bias Filters (Optional)

MTF EMA bias: price vs EMA on higher timeframes (HTF1/HTF2).

VIDYA bias: adaptive VIDYA trend state (price relative to VIDYA) with dynamic band width (ATR/Stdev).

Supply/Demand Zone Proximity (Optional)

Demand/Supply zones are derived from pivot structure on the signal timeframe.

Entry is allowed only when price is near the relevant zone using a proximity buffer (Points or ATR-multiple).

Confirmed & De-duplicated Signals

Signals can be restricted to signal-timeframe bar close (non-repainting execution style).

Includes protection against repeated alerts when Signal TF ≠ chart TF (one signal per new Signal TF bar).

Trade Plan (Entry / SL / TP)
When a signal triggers, the script can plot a plan with:

Entry: Close or Mid-Body

Stop-loss modes: Candle-based / Zone-based / ATR-multiple / Fixed points / Fixed %

Take-profit targets: TP1/TP2/TP3 using configurable risk-reward (R:R) multipliers

Visual plan lines and a compact plan card label (Entry/SL/TP + R:R)

Dashboard (Monthly, Points-based, Net PnL)
The OrcaTrade Dashboard tracks monthly performance in points:

A trade is counted only after price touches the Entry.

A “Win” is counted only when price touches TP1 after Entry has been touched.

Net PnL is calculated in points and deducts SL hits (wins are not reduced by SL logic).

Point conversion is configurable (Point Value).

Alerts & Automation

Built-in alert conditions for confirmed BUY/SELL.

Optional JSON alert output for automation workflows (e.g., webhooks / scripts).

How to use

Apply on any chart timeframe. Set Signal TF (default H1).

Keep the chart clean and use the plan labels/lines to understand Entry/SL/TP.

Enable/disable filters (Zones, EMA bias, VIDYA bias) depending on your market and risk preference.

Notes & Limitations

This is an analytical tool, not financial advice.

Signals are based on candle/structure confirmation; fast news spikes may cause slippage-like behavior on back-analysis.

Zone proximity is pivot-based and depends on historical swing structure.

免责声明

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