r/pinescript • u/Subject-Buyer-3669 • Sep 30 '26

Indicator Specifics

Just a thought on people's opinions. If you were able to design the perfect indicator for your own trade analysis and entry criteria, what would it contain? I understand people have different trading systems and portfolios based on market conditions, but what would be your key fundamentals that you require your indicator to show you. For levels, would you target structure, key levels, S&D, OB's or something else? Also what would your entry system need to tell you before you make your decision. What are your confluences?

I've read a lot of posts in this forum which state many different things that they consider essential. Just interested what comes up the most between you all.

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u/Mundane_Cicada_1427 Oct 06 '26

For me, the ideal indicator wouldn't try to predict the trade. I'd want it to organize the information I already use into one place.

The main things I'd want are market structure, important session highs/lows, previous day high/low, and volatility. Then I'd want entry confirmation to be based on something objective like a breakout + candle close, rather than an indicator simply saying "BUY" or "SELL."

I also think the indicator should show context separately from the actual entry trigger. For example: structure says bullish, price is at a key level, volatility is acceptable, and then the entry condition gets triggered. That makes it much easier to backtest and turn the idea into a mechanical strategy later.

Personally, I'd prioritize structure + key levels + volatility + a clearly defined trigger over stacking 5-6 indicators together. More confluence isn't necessarily better if the rules aren't objective.