Algotrdr

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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.

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ملاحظات الأخبار

Bull/bear score improvements.

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ملاحظات الأخبار

Gave the volume trend strength ma line its own set of bold colors since the last set was difficult to see.

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ملاحظات الأخبار

Volume trend strength improvements.

٣٠ سبتمبر ٢٠٢١

ملاحظات الأخبار

Changed default settings.

٨ أكتوبر ٢٠٢١

ملاحظات الأخبار

Changed the step of the signal sensitivity setting to add more control options at the request of a user

١١ أكتوبر ٢٠٢١

ملاحظات الأخبار

Fixed an issue and trend adjustments.

١٩ أكتوبر ٢٠٢١

ملاحظات الأخبار

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.

٢٠ نوفمبر ٢٠٢١

ملاحظات الأخبار

Trend tweaks

٢٢ نوفمبر ٢٠٢١

ملاحظات الأخبار

Typo fix