Alcides Indicator (AI) Lite is a simple to use indicator that can be used with any type of asset, trading in any market including FOREX, Stocks, Commodities, Cryptocurrencies etc. The Lite version uses levels from either 1 hr or 4 hr time frame based on user input to indicate entry (BUY) into or exit (SELL) from an asset. The indicator also plots support for BUYs and Resistance for SELLs which can be used as a reference while setting your Stop Loss. BUY, SELL and TAKE GAINS alerts can be set on trading view to help monitor the asset as well.
Even though the indicator signals BUYs and SELLs based on chosen Time Frame levels, the user must always use their discretion based on their TA and FA. Also, indicator repainting can occur based on time of signal/chart used (ex. 5m chart on 1 hr timeframe levels can repaint a BUY/SELL after 1 hr closes).
Works best with Heikin Ashi candles and lower timeframes like 5m, 15m, 30m.
The full version has more time frame levels to choose from, a few extra useful features and also recommends sell and buy levels based on the chosen time from.
Contact me for access and more information.
Release Notes
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Updated - Resolution instead of Timeframe for levels - 1m, 3m, 5m, 15m, 30m, 45m, 1hr, 2hr, 3hr, 1D, 1W
Added - Support/Resistance levels based on Fibonacci levels for chosen timeframe.
Added - Ability to specify % for Take Gains
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Added: Ability to show/hide FIB levels
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Take Gains option removed as it wasn't adding any value.
Default Alt timeframe - 3h
Note: Always use lower timeframe chart view than Indicator settings Timeframe
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Thanks for your support
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Added - Ability to view Daily chart BUY/SELL with levels - Use 1W Alt Timeframe
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Note added for new users at the top of Indicator settings
Always use Higher Alt Time Frame than the Chart View Timeframe
Signal repainting possible - Use levels
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Updated - Simpler options for type of trade rather than alt TF
Added - Fib levels - 1.272, 1.414 and 1.618
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Added:
Option to paint Oversold and Overbought RSI levels on candles - Choose the oversold and overbought levels to paint from the settings screen.
Updated:
Support/Resistance levels only show when BUY/SELL signals option is enabled.
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Thanks for your support.
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Change colors/ fills from styles tab on the indicator settings to suit your background colour.
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Added - Option to add Heikin Ashi Ichimoku to the chart from settings.
Updated - Oversold levels up to 10 and Overbought levels up to 100 on RSI color candles
BUY/SELL + levels disabled on Daily/weekly charts
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Use BUY/SELL signals along with RSI candles, Ichimoku and Bollinger bands to make an informed decision and use levels.
i try alot of scripts, this script is most accurate and amazing. esspecially the trainer is the most patients to teach me in few hours as less knowledge like me.
awaiting more script from your side. u wont regret after join with them .
dont do any trade before u attend the session with them, so they will explain to let u clear all about their indicators.
i ask alot of questions but the trainer really patients to explain to me.
jollyjoker747
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Indicator is amazing, I love it! Used it along my regular trading principals and every signal it provided gave me more confidence while trading. Back-tested in both Crypto and Forex, thanks!