Vegas plus by stanley

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a enhanced version of the traditional vegas tunnel strategy

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final version of the script

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Alright, let me walk you through this step by step. This indicator might look intimidating with all that code, but the concept is actually pretty intuitive once you see what it's doing.

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## What This Indicator Actually Does

At its core, this is a **trend-following system** built around something called "tunnels" — which are just zones created by pairs of moving averages. The idea is simple: when price is above the tunnel, you're in bullish territory. When it's below, you're in bearish territory. When price is *inside* the tunnel, that's the messy in-between zone where you generally wait.

The indicator does three main things for you:

**It shows you the trend structure** through colored tunnel zones on your chart. Think of these like lanes on a highway — they tell you which direction traffic is flowing.

**It generates entry signals** (BUY/SELL labels) when specific conditions are met.

**It manages exits** automatically, including a "catastrophe stop" for when trades go wrong immediately.

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## The Visual Elements (What You'll Actually See)

When you load this on a chart, you'll see several colored lines and shaded zones. Here's what each one means:

**The Fast EMAs (the quick-moving lines)**

The orange line (EMA 12) is your "signal" line — it's the fastest and most responsive. This is what triggers most of your entries.

The gray line (EMA 21) is your "trend confirmation" and also your exit trigger once a trade is working.

The lighter gray line (EMA 55) is your macro filter — it shows you the bigger picture trend.

**The Hero Tunnel (the main zone, 144-200 EMAs)**

This is the most important visual. It's the shaded zone in the middle of everything. When the tunnel is cyan/teal colored, the structure is bullish. When it's red, it's bearish. There's also a dotted blue line in the middle (169 EMA) that acts as a divider.

This tunnel is your "home base" for decision-making. Price bouncing off this tunnel or breaking through it is what generates most signals.

**The Mid Tunnel (288-338 EMAs)**

This is a secondary support/resistance zone further out. It's like a backup level — if price blows through the Hero Tunnel, this is the next area where it might find structure.

**The Anchor Tunnel (576-676 EMAs)**

This is the deep background level. It moves very slowly and represents major structural support/resistance. Think of it as the "last line of defense" for major trends.

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## How to Read the Trend

Here's the simple version:

**Bullish setup:** Price is above the Hero Tunnel, and ideally the tunnel itself is cyan (meaning the 144 EMA is above the 200 EMA). Everything is stacked up — fast EMAs above slow EMAs, price above everything.

**Bearish setup:** The opposite. Price is below the Hero Tunnel, tunnel is red, fast EMAs are below slow EMAs.

**Choppy/Uncertain:** Price is bouncing around inside the tunnel, or the fast EMAs are crossing back and forth. This is when the indicator is basically saying "wait."

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## The Four Entry Triggers

The indicator uses four different ways to generate entry signals. You can turn each one on or off in the settings, but here's what they're looking for:

**Trigger 1 — Price U-Turn**

This fires when price was above the tunnel, dipped *into* the tunnel (body inside), and then closes back above it. It's catching a pullback that failed to break down. Same logic inverted for shorts.

**Trigger 2 — EMA U-Turn**

Similar concept, but it's watching the 12 EMA instead of price. If the 12 EMA dips into the tunnel and then crosses back out in the original direction, that's a lagging confirmation that the pullback is over.

**Trigger 3 — Breakthrough**

This is for momentum shifts. If the 12 EMA was *below* the tunnel and then crosses *above* it, that's a potential trend change. This catches breakouts rather than pullbacks.

**Trigger 4 — Wick Rejection**

This is the "touch and go" signal. Price wicks into the tunnel (the low touches it) but the candle closes back outside. It's catching those quick tests of support that get immediately bought up.

When any of these conditions are met, you'll see a green "BUY" label below the candle or a red "SELL" label above it.

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## How Exits Work

This is where it gets clever. The indicator has two types of exits:

**Standard Exit**

Once you're in a trade and price closes on the right side of the 21 EMA, your stop becomes "armed." After that, if price closes back on the wrong side of the 21 EMA, you exit. You'll see a gray X mark on the chart.

The key detail: the stop only arms *after the trade proves itself*. So if you go long and price immediately drops without ever closing above the 21 EMA, the standard exit doesn't fire yet.

**Catastrophe Exit**

This is the safety net. If you enter a trade and it immediately goes wrong — like you buy and price just tanks through the bottom of the tunnel without ever giving you a chance to profit — the catastrophe exit kicks in. You'll see an orange X with "FAIL" label.

The smart thing here is it uses a *snapshot* of where the tunnel was when you entered, not where it is now. So the floor doesn't chase price down.

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## Practical Tips for Using This

**Start by just watching it.** Don't trade off it immediately. Load it up and watch how signals play out over a few weeks. You'll start to see which setups work in your market and which ones get chopped up.

**Timeframe matters.** This is built around the Vegas system which traditionally runs on higher timeframes (4H, Daily). The EMAs are pretty long (144, 200, 288, etc.), so on lower timeframes they're going to be very slow-moving. Not saying you can't use it on shorter timeframes, but know that the character will change.

**The tunnels are dynamic support/resistance.** Even if you don't trade the signals, the tunnel zones themselves are useful as reference levels. Price tends to react around these areas.

**Pay attention to tunnel color.** If you get a buy signal but the Hero Tunnel is red (bearish structure), you're essentially trying to catch a bottom in a downtrend. Higher risk. The cleanest trades happen when your signal direction matches the tunnel color.