GreenPen 1.2

GreenPen MTF Confirmation
Multi-timeframe price action indicator for M1 scalping (XAUUSD)
How It Works

Draws a range box based on 7AM (GMT+7) candle open ± offset
Detects Bullish/Bearish Engulfing with wick rejection at range edges
Optional Higher TF trend filter (EMA on H2/H4)
Optional M5 confirmation — requires both M1 and M5 PA to align

Signals

🟢🔴 Circle — Raw Engulf + Wick (unfiltered, for reference)
🔺 B / S Triangle — Filtered entry at range edge
🚀 Rocket — MTF BUY Confirmed (M1 + M5 bullish PA aligned)
🔨 Hammer — MTF SELL Confirmed (M1 + M5 bearish PA aligned)

SL / TP

SL placed beyond range edge + ATR buffer
TP calculated using Risk:Reward ratio (default 1:2)

Settings

Range offset — distance from 7AM open to draw upper/lower box
Edge zone % — how much of the range counts as "edge" for entries
Trend filter — toggle higher TF EMA trend filter on/off
MTF confirm — toggle M5 confirmation on/off
Lookback — how many M1 bars to check for M5 PA alignment

Recommended

Timeframe: M1
Symbol: XAUUSD
Trend TF: H2 or H4