INVITE-ONLY SCRIPT
Super Alpha v1.0 [by TC]
Super Alpha is a very powerful momentum indicator that generates accurate buy and sell signals.
The algorithm script is based on a momentum oscillator and volatility strategy to identify trends and reversals. The indicator can be incredibly reliable to determine the trend strength and direction.
Super Alpha generates signals for when to initiate new positions or determines when an existing trend is about to reverse in order to close positions. The "Noise reduction"-filter has been implemented to filter false signals.
The indicator was originally developed for long strategies (+), but it can also be used just as well for short positions (-).
The Super Alpha indicator can be used on all time frame charts and instrument types.
Settings
It is important that you adjust and optimize the indicator settings for the instrument and time frame you are trading. Each financial instrument has its own rhythm, so you need to adjust and fine-tune settings to optimize the trading signals. You can tune and tweak the indicator settings to improve signal generation accuracy. Settings can sometimes be very individual, depending on your trading style and time frame used.
The default settings of the Super Alpha indicator are optimized for use on all time frames. If you use the indicator to trade lower or higher time frames, you may need to adjust the default settings to optimize it for your trading style and instrument type.
How to use:
1. Use on any instrument and time frame (fine-tune Settings).
2. When ‘Buy’ signal is confirmed (Green triangle, up ▲) –> enter Long position.
3. When ‘Exit’ signal is confirmed (Red triangle, down ▼) –> exit Long position (or go Short).
4. Exit also when -> trade hits your profit target/limit or stop loss (determined by user).
IMPORTANT: Wait for candlestick close to ensure signal is a confirmed signal!
Exactly how the indicator is used varies from trader to trader. When interpreted correctly, a trader can initiate new positions in the direction of the new trend and exit before the trend reverses. It can be used as a scalping tool in shorter time frames, but also as a timing indicator for day trading or swing trading strategies.
This indicator has been developed to work with regular bar candles, but we also recommend that you use it with Heikin Ashi candles or Line Break bars to filter out as much noise as possible and as these often have an improved ability to capture high-quality trends.
⚠ If you are new to trading and/or technical analysis in general, we always recommend a demo account (“paper-trading”) until you become familiar with how to use the indicator.
Super Alpha is a non-repainting indicator (meaning that signals do not change or disappear after bar close).
When using the Alert function, use the “Once Per Bar Close” configuration and wait for bar close to confirm entry/exit signal.
The algorithm script is based on a momentum oscillator and volatility strategy to identify trends and reversals. The indicator can be incredibly reliable to determine the trend strength and direction.
Super Alpha generates signals for when to initiate new positions or determines when an existing trend is about to reverse in order to close positions. The "Noise reduction"-filter has been implemented to filter false signals.
The indicator was originally developed for long strategies (+), but it can also be used just as well for short positions (-).
The Super Alpha indicator can be used on all time frame charts and instrument types.
Settings
It is important that you adjust and optimize the indicator settings for the instrument and time frame you are trading. Each financial instrument has its own rhythm, so you need to adjust and fine-tune settings to optimize the trading signals. You can tune and tweak the indicator settings to improve signal generation accuracy. Settings can sometimes be very individual, depending on your trading style and time frame used.
The default settings of the Super Alpha indicator are optimized for use on all time frames. If you use the indicator to trade lower or higher time frames, you may need to adjust the default settings to optimize it for your trading style and instrument type.
How to use:
1. Use on any instrument and time frame (fine-tune Settings).
2. When ‘Buy’ signal is confirmed (Green triangle, up ▲) –> enter Long position.
3. When ‘Exit’ signal is confirmed (Red triangle, down ▼) –> exit Long position (or go Short).
4. Exit also when -> trade hits your profit target/limit or stop loss (determined by user).
IMPORTANT: Wait for candlestick close to ensure signal is a confirmed signal!
Exactly how the indicator is used varies from trader to trader. When interpreted correctly, a trader can initiate new positions in the direction of the new trend and exit before the trend reverses. It can be used as a scalping tool in shorter time frames, but also as a timing indicator for day trading or swing trading strategies.
This indicator has been developed to work with regular bar candles, but we also recommend that you use it with Heikin Ashi candles or Line Break bars to filter out as much noise as possible and as these often have an improved ability to capture high-quality trends.
⚠ If you are new to trading and/or technical analysis in general, we always recommend a demo account (“paper-trading”) until you become familiar with how to use the indicator.
Super Alpha is a non-repainting indicator (meaning that signals do not change or disappear after bar close).
When using the Alert function, use the “Once Per Bar Close” configuration and wait for bar close to confirm entry/exit signal.
Script sur invitation seulement
L'accès à ce script est limité aux utilisateurs autorisés par l'auteur et nécessite généralement un paiement. Vous pouvez l'ajouter à vos favoris, mais vous ne pourrez l'utiliser qu'après avoir demandé et obtenu l'autorisation de son auteur. Contactez TradingCanyon pour plus d'informations, ou suivez les instructions de l'auteur ci-dessous.
Veuillez noter qu'il s'agit d'un script privé, sur invitation uniquement, qui n'a pas été analysé par les modérateurs de scripts. Sa conformité à nos Règles est indéterminée. TradingView ne suggère pas de payer pour un script et de l'utiliser à moins que vous ne fassiez confiance à 100% à son auteur et que vous compreniez comment le script fonctionne. Dans de nombreux cas, vous pouvez trouver une bonne alternative open-source gratuite dans nos Scripts communautaires.
Instructions de l'auteur
″Get access here: https://www.tradingcanyon.com/
If you have any questions, please contact TradingCanyon at email: info@tradingcanyon.com
Vous voulez utiliser ce script sur un graphique ?
Avertissement: veuillez lire avant de demander l'accès.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.