Golden Slope
Golden Slope is an ATR based trend tool that mixes KNN machine learning to allow you to confirm your entry and exits, which can give out significantly more accurate signals.
Flag and rectangle signals are machine learning signals, they confirm an entry and exit position. You can use entry and exit signals alone but it's more accurate to confirm with machine learning signals. The idea is to either see a machine learning signal first and confirm it by Golden Slope entry or the other way around.
PS. Watch out if candle starts hitting the golden belly (or the yellow area after an entry signal is given because it can indicate a reversal before machine learning or the golden slope itself catch it, but these events happen rarely.
Flag and rectangle signals are machine learning signals, they confirm an entry and exit position. You can use entry and exit signals alone but it's more accurate to confirm with machine learning signals. The idea is to either see a machine learning signal first and confirm it by Golden Slope entry or the other way around.
PS. Watch out if candle starts hitting the golden belly (or the yellow area after an entry signal is given because it can indicate a reversal before machine learning or the golden slope itself catch it, but these events happen rarely.
Release Notes:
Version 1.1 takes the indicator to the next level with one of the most anticipated features of this script, the transition to the LRR (Long Returning Range) formula alongside the public and old ATR formula. The new formula generates signals significantly earlier, allowing you to take trades much faster than the rest of the market, but more importantly, gives you a massive edge since you won't be using a publicly available formula.
The KNN machine learning now shows in form of waves instead of individual signals. As the waves become blue, it signals a similar uptrend in the past and as the waves go red, it signals a similar downtrend in the past. This also means that the initial buy and sell signal is significantly improved and now you only need to pay attention to one element instead of a few different ones.
With major improvements in the KNN calculations, now the script finds the signals with the KNN algorithm and verifies them with LRR and ATR at the same time, making it a triple verification system.
A new feature called order blocks has been added as well to show you areas where there is an uptrend and downtrend volume, drawing real support and resistant lines, which can be very powerful. Sell block lines act as resistant lines, and buy block lines act as support lines.
Finally, major improvements were made in the order script calculates different elements, resulting in major speed improvements.
The KNN machine learning now shows in form of waves instead of individual signals. As the waves become blue, it signals a similar uptrend in the past and as the waves go red, it signals a similar downtrend in the past. This also means that the initial buy and sell signal is significantly improved and now you only need to pay attention to one element instead of a few different ones.
With major improvements in the KNN calculations, now the script finds the signals with the KNN algorithm and verifies them with LRR and ATR at the same time, making it a triple verification system.
A new feature called order blocks has been added as well to show you areas where there is an uptrend and downtrend volume, drawing real support and resistant lines, which can be very powerful. Sell block lines act as resistant lines, and buy block lines act as support lines.
Finally, major improvements were made in the order script calculates different elements, resulting in major speed improvements.
Release Notes:
More uniformed colors.
A new set of off-site processed data added for KNN machine learning and Rx71 ML formula that improves scripts accuracy with stocks and ETFs.
A new set of off-site processed data added for KNN machine learning and Rx71 ML formula that improves scripts accuracy with stocks and ETFs.