Signalgo V

Signalgo V: Technical Overview and Unique Aspects

Signalgo V is a technical indicator for TradingView that integrates multiple layers of analysis: moving averages, MACD, Bollinger Bands and RSI to deliver buy and sell signals. Below is an informational breakdown of how the indicator functions, its input parameters, signal logic, exit methodology, and how it stands apart from traditional moving average (MA) tools, without disclosing specifics that allow for code duplication.

How Signalgo V Works
1. Multi-Layered Technical Synthesis
Signalgo V processes several technical studies simultaneously:

Fast/Slow Moving Averages: Uses either EMA or SMA (user-selected) with adjustable periods. These are central to initial trend detection through crossovers.

MACD Filter: MACD line vs. signal line cross-check ensures trend direction is supported by both momentum and MA structure.

RSI Confirmation: The RSI is monitored to verify that signals are not excessively overbought or oversold, tuning the system to changing momentum regimes.

Bollinger Bands Context: Entry signals are only considered when price action is beyond the Bollinger Bands envelope, which further filters for unusually strong movements.

These strict, multi-indicator entry criteria are designed to ensure only the most robust signals are surfaced, each is contingent on the presence of aligned trend, momentum and volatility.


2. Exit Methodology
Take-Profit Levels: After entering a trade, the strategy automatically sets three predefined profit targets (TP1, TP2, TP3). If the price reaches any of these targets, the system marks it, helping you lock in profits at different stages.

Stop-Loss System: Simultaneously, a stop-loss (SL) value is set, protecting you from significant losses if the market moves against your position.

Dynamic Adjustment: When the first profit target (TP1) is hit, the system can automatically move the stop-loss to your entry price. This means your worst-case outcome is break-even from that point, reducing downside risk.

Trailing Stop-Loss: After TP1 is reached, a dynamic trailing stop can activate. This allows the stop-loss to follow the price as it moves in your favor, aiming to capture more profit if the trend continues, while still protecting your gains if the price reverses.

Visual Markers: The system plots all important exit levels (profit targets, stop-loss, trailing stop) directly on the chart. Optional labels also appear whenever a target or stop-loss is hit, making it easy to see progress.

Visual cues (labels) are plotted directly on the bar where a buy or sell signal triggers, clarifying entry points and aiding manual exit/risk management decisions.

Input Parameters
rsiLen: Lookback period for RSI calculation.

rsiOB and rsiOS: Overbought/oversold thresholds, adaptive to the indicator’s multi-layered logic.

maFastLen and maSlowLen: Periods for fast and slow MAs.

maType: EMA or SMA selectable for both MAs.

bbLen: Length for Bollinger Bands mean calculation.

bbMult: Standard deviation multiplier for BB width.

macdFast, macdSlow, macdSig: Standard MACD parameterization for nuanced momentum oversight.

What Separates Signalgo V from Traditional Moving Average Indicators
Composite Signal Architecture: Where traditional MA systems generate signals solely on MA crossovers, Signalgo V requires layered, cross-confirmational logic across trend (MAs), momentum (MACD), volatility (Bollinger Bands), and market strength (RSI).

Adaptive Volatility Context: MA signals only “count” when price is meaningfully breaking out of its volatility envelope, filtering out most unremarkable crosses that plague basic MA strategies.

Integrated Multi-Factor Filters: Strict compliance with all layers of signal logic is enforced. A marked improvement over MA strategies that lack secondary or tertiary confirmation.

Non-Redundant Event Limiting: Each entry is labeled as a unique event. The indicator does not repeat signals on subsequent bars unless all entry conditions are freshly met.

Trading Strategy Application
Trend Identification: By requiring concurrence among MA, MACD, RSI, and BB, this tool identifies only those trends with robust, multifactor support.

Breakout and Momentum Entry: Signals are bias-toward trades that initiate at likely breakout points (outside BB range), combined with fresh momentum and trend alignment.

Manual Discretion for Exits: The design is to empower traders with high-confidence entries and leave risk management or partial profit-taking adaptive to trader style, using visual cues from all component indicators.

Alert Generation: Each buy/sell event optionally triggers an alert, supporting systematic monitoring without constant chart watching.