INVITE-ONLY SCRIPT
Algotrdr
Mis à jour
Algotrdr is an indicator designed around 3 features that work together on any asset, and on all timeframes, to help you achieve profitability while trading. Let’s take a look at what the three features are.
Signals
This indicator’s signal feature has a proprietary trend algo that uses our own trend strength feature, multiple moving averages, volume, candle data, and fibonacci levels. When a candle meets the base signal requirement it then uses a dynamic bullish and bearish score from our Volume Trend Strength algo to either plot the signal or wait for another. You can also do another cross check and only plot signals that align with a larger MA defined trend.
Volume Trend Strength
This feature tracks the current trend strength. It analyses Volume, VWMA, Mcginley Dynamic MA, differences in price, and recent retraces going against the trend to print bullish/bearish colors that get darker as the trend gets stronger. It also turns yellow when there isn’t enough volume supporting the current trend, which can indicate an upcoming trend reversal. This feature can be switched to appear as a color changing MA.
Take Profit / Pivot Levels
Prints Tradingview’s Fibonacci Pivot Points on the chart to help users identify potential take profit and S/R levels. I also added 4th and 5th S/Rs that use 1.618 and 2.618 levels.
Aside from the signals the other two features come with an off switch incase you don’t want to use either of them.
Signals
This indicator’s signal feature has a proprietary trend algo that uses our own trend strength feature, multiple moving averages, volume, candle data, and fibonacci levels. When a candle meets the base signal requirement it then uses a dynamic bullish and bearish score from our Volume Trend Strength algo to either plot the signal or wait for another. You can also do another cross check and only plot signals that align with a larger MA defined trend.
Volume Trend Strength
This feature tracks the current trend strength. It analyses Volume, VWMA, Mcginley Dynamic MA, differences in price, and recent retraces going against the trend to print bullish/bearish colors that get darker as the trend gets stronger. It also turns yellow when there isn’t enough volume supporting the current trend, which can indicate an upcoming trend reversal. This feature can be switched to appear as a color changing MA.
Take Profit / Pivot Levels
Prints Tradingview’s Fibonacci Pivot Points on the chart to help users identify potential take profit and S/R levels. I also added 4th and 5th S/Rs that use 1.618 and 2.618 levels.
Aside from the signals the other two features come with an off switch incase you don’t want to use either of them.
Notes de version
Bull/bear score improvements.Notes de version
Gave the volume trend strength ma line its own set of bold colors since the last set was difficult to see.Notes de version
Volume trend strength improvements.Notes de version
Changed default settings.Notes de version
Changed the step of the signal sensitivity setting to add more control options at the request of a userNotes de version
Fixed an issue and trend adjustments.Notes de version
Added a new signal mode selector which allows users to tell the indicator to prioritize faster breakouts, or reduce choppy signal periods (safemode), or to continue using default mode.Notes de version
Trend tweaksNotes de version
Typo fixScript sur invitation seulement
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Instructions de l'auteur
″Visit our website https://www.algotrdr.com/ to sign up.
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