The RayAlgo™ Pro Indicator 2.0
Core Features
Advanced Market Structure (BOS & CHoCH): Automatically detects Break of Structure (BOS) for trend continuation and Change of Character (CHoCH) for potential reversals. Choose between Candle Close or Wick validation to suit your style.
Smart Order Blocks with Volume: Unlike standard order block indicators, RayAlgo™ validates zones using volume data. Blocks are clearly labeled with total volume, helping you distinguish between weak pivots and true institutional interest.
Institutional Dashboard: A non-intrusive, sleek panel located in the bottom right. It provides an instant "Health Check" of the market, monitoring multi-timeframe trends (MTF), trend age, volatility score, and ADX strength.
Neon Trend Wireframe: A proprietary volatility ribbon that visualizes the "breathing" of the market. It expands during high volatility and contracts during squeezes, keeping you on the right side of the momentum.
Automated TP/SL & S/R: Dynamic Support and Resistance zones that adapt to volatility, plus optional Take Profit and Stop Loss suggestions based on a fixed Risk/Reward ratio.
How to Trade with RayAlgo™ Pro 2.0
Identify the Bias: Use the Dashboard to confirm the higher timeframe trend.
Wait for Structure: Look for a confirmed CHoCH or BOS signal in the direction of the trend.
Confirm with Order Blocks: Look for price to retest a high-volume Order Block.
Execute: Use the built-in Signals for entry timing and the dynamic S/R zones for targets.
Every element is adjustable. You can toggle Order Blocks, adjust the Pivot Strength for S/R zones, or minimize the Dashboard to suit your screen real estate.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact Ray_Algo directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact Ray_Algo directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.