This indicator provides back-tested signals and alerts from multiple technical indicators.
No more guessing whether or not you should trust an indicator. See your indicators' past performance at a glance.
No more false alarms. Disable re-painting of signals.
When multiple indicators overlap, a Confluence indicator will print (large triangle). With your settings properly tuned, this will show a HIGH probability of a move.
Current Signal/Alert Options (more to come):
RSI Oversold
RSI Overbought
EMA Crossing Up
EMA Crossing Down
Buy Signal Confluence
Sell Signal Confluence
Instructions:
-Enable/disable individual indicators so you can fine tune one at a time
-Adjust the indicator's settings
-Adjust your trade parameters (Max Wait, Take Profit %). Signals that would have given the desired profit in the time allowed will be painted orange.
-Repeat this process with each indicator until you're satisfied
-Set-up alerts
No more guessing whether or not you should trust an indicator. See your indicators' past performance at a glance.
No more false alarms. Disable re-painting of signals.
When multiple indicators overlap, a Confluence indicator will print (large triangle). With your settings properly tuned, this will show a HIGH probability of a move.
Current Signal/Alert Options (more to come):
RSI Oversold
RSI Overbought
EMA Crossing Up
EMA Crossing Down
Buy Signal Confluence
Sell Signal Confluence
Instructions:
-Enable/disable individual indicators so you can fine tune one at a time
-Adjust the indicator's settings
-Adjust your trade parameters (Max Wait, Take Profit %). Signals that would have given the desired profit in the time allowed will be painted orange.
-Repeat this process with each indicator until you're satisfied
-Set-up alerts
Versionsinformation:
Added option to change RSI Timeframe independently (like the EMA already had).
Keep in mind, the Max Wait is still in Candles. So if you're on a hourly timeframe with a value of 10, the indicator will only print a win if your Profit setting is reached within 10 hours after the signal prints.
Keep in mind, the Max Wait is still in Candles. So if you're on a hourly timeframe with a value of 10, the indicator will only print a win if your Profit setting is reached within 10 hours after the signal prints.
Versionsinformation:
Fixed a bug effecting the "lookahead" process for confirming RSI signals.
Changed default settings to a more reliable setup.
Changed default settings to a more reliable setup.
Versionsinformation:
Issue with "Disable Re-Painting Signals":
Disabling re-painted signals makes it so the signal is only drawn on historical candles... Because alerts only trigger on current candles, this was causing alerts to not show at all. I've changed default settings to disable this feature, but I've kept it in case you'd like to use it for some reason.
Best configuration for alerts is to uncheck "Disable Re-Painting Signals", and set your alerts to "Once Per Close".
Disabling re-painted signals makes it so the signal is only drawn on historical candles... Because alerts only trigger on current candles, this was causing alerts to not show at all. I've changed default settings to disable this feature, but I've kept it in case you'd like to use it for some reason.
Best configuration for alerts is to uncheck "Disable Re-Painting Signals", and set your alerts to "Once Per Close".
Versionsinformation:
Updated chart image
Versionsinformation:
Fixed a typo in settings. ("EMA Timeframe" > "RSI Timeframe")
Improved default settings.
Improved default settings.
Versionsinformation:
Updating chart.
Versionsinformation:
-Added Stats readout (# of signals & Win Rate % for each signal)
-Added Engulfing Candles as an alert
-Confluence signals will trigger when >1 signal is active on a single candle
-Removed "Re-painting" feature
-Added Engulfing Candles as an alert
-Confluence signals will trigger when >1 signal is active on a single candle
-Removed "Re-painting" feature
Versionsinformation:
-Fixed a bug:
Buy/Sell Confluence alerts were still defined as "RSI AND EMA = Confluence"... Now they will trigger if any two conditions are true. (if Signal Count >= 2, then Confluence is true)
- ADDED "ANY BUY" & "ANY SELL" ALERT
Now you can set an alert that will trigger if any one condition is true on the buy or sell side.
Buy/Sell Confluence alerts were still defined as "RSI AND EMA = Confluence"... Now they will trigger if any two conditions are true. (if Signal Count >= 2, then Confluence is true)
- ADDED "ANY BUY" & "ANY SELL" ALERT
Now you can set an alert that will trigger if any one condition is true on the buy or sell side.