INVITE-ONLY SCRIPT
Updated algoat ProKit (Early Access)
The market is constantly changing and fluctuating. Prices rise and fall, influenced by a multitude of factors. ProKit is here to help you reveal and understand these factors. Discover the market dynamics, cut through the noise, follow trends, anticipate potential reversals, and be ready to react when the time comes!
⭐ Features:
Multi-Timeframe Moving Averages
Cut through the noise, identify trends and turning points with 5 multi-timeframe moving averages with a variety of settings.
Divergence Fusion Engine
Reveal, combine and display dozens of indicator divergences on your chart and rank them by their performance.
algoat TMC™ (Trend Matrix Core) algorithm visualized
Deploy our flexible Moving Average matrix, designed to assess market trend direction, strength, and shifts.
Previous OHLC data
Stay informed by analyzing current and historical Previous Open/High/Low/Close price values in your preferred timeframe.
══════════════════
Multi-Timeframe Moving Averages
This feature allows traders to simultaneously monitor moving averages across multiple timeframes, providing a comprehensive perspective on market trends. It helps identify dynamic support and resistance zones, key levels where price movements are likely to slow down or reverse. This function not only aids in planning potential trade entries and exits, but also calculates the precise percentage distance to these levels. Can also be crucial for risk management, as they allow traders to set stop losses and profit targets based on solid, data-driven analysis. The Multi-Timeframe Moving Averages function is a versatile tool that combines strategic planning and risk control into a single, easy-to-use feature.
SNAPSHOT
Divergence Fusion Engine
The engine allows the use of unique indicators along with our proprietary ones to detect potential price reversals. Additionally, set theory's Union and Intersection operators simplify the exploration of divergence combinations. For example, if you're interested in identifying rare situations where selected indicators diverge simultaneously, it's just a few clicks away.
As each asset has a different market maker, divergences can vary greatly across different charts and timeframes. With our Divergence Performance Rank, you can quickly determine which divergences have the highest success rates and which are the least successful on a given chart. This feature allows you to adapt your strategies to the most effective signals, enhancing your trading decisions and boosting your potential profits.
SNAPSHOT
Trend Matrix Core
This 21st-century tool utilizes simple visualization techniques to present trend information in an intuitive, easily interpretable manner. It is tailored for the modern trader who values both precision and simplicity. The calculation is based on our unique algoat TMC™ (Trend Matrix Core) algorithm: a flexible Moving Average matrix, designed to assess market trend direction, strength, and shifts. It complements algoat SMC Core™ as confluence.
The general trend direction of the asset can be identified by looking at the slope of the Trend Matrix Core: pointing up, the asset is in an uptrend, pointing down, the asset is in a downtrend. The indicator can also be used to assess the strength of a trend, identify potential resistance and support levels, and manage risk. Trend edges (lines) can be used as potential entries or targets, depending on the situation.
SNAPSHOT
SNAPSHOT
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🧠 General advice
Trading effectively requires a range of techniques, experience, and expertise. From technical analysis to market fundamentals, traders must navigate multiple factors, including market sentiment and economic conditions. However, traders often find themselves overwhelmed by market noise, making it challenging to filter out distractions and make informed decisions. By integrating multiple analytical approaches, traders can tailor their strategies to fit their unique trading styles and objectives.
Confirming signals with other indicators
As with all technical indicators, it is important to confirm potential signals with other analytical tools, such as support and resistance levels, as well as indicators like RSI, MACD, and volume. This helps increase the probability of a successful trade.
Use proper risk management
When using this or any other indicator, it is crucial to have proper risk management in place. Consider implementing stop-loss levels and thoughtful position sizing.
Combining with other technical indicators
Integrate this indicator with other technical indicators to develop a comprehensive trading strategy and provide additional confirmation.
Conduct Thorough Research and Backtesting
Ensure a solid understanding of the indicator and its behavior through thorough research and backtesting before making trading decisions. Consider incorporating fundamental analysis and market sentiment into your trading approach.
══════════════════
⭐ Conclusion
We hold the view that the true path to success is the synergy between the trader and the tool, contrary to the common belief that the tool itself is the sole determinant of profitability. The actual scenario is more nuanced than such an oversimplification. A word to the wise is enough: developed by traders, for traders — pioneering innovations for the modern era.
Risk Notice
Everything provided by algoat — from scripts, tools, and articles to educational materials — is intended solely for educational and informational purposes. Past performance does not assure future returns.
⭐ Features:
Multi-Timeframe Moving Averages
Cut through the noise, identify trends and turning points with 5 multi-timeframe moving averages with a variety of settings.
Divergence Fusion Engine
Reveal, combine and display dozens of indicator divergences on your chart and rank them by their performance.
algoat TMC™ (Trend Matrix Core) algorithm visualized
Deploy our flexible Moving Average matrix, designed to assess market trend direction, strength, and shifts.
Previous OHLC data
Stay informed by analyzing current and historical Previous Open/High/Low/Close price values in your preferred timeframe.
══════════════════
Multi-Timeframe Moving Averages
This feature allows traders to simultaneously monitor moving averages across multiple timeframes, providing a comprehensive perspective on market trends. It helps identify dynamic support and resistance zones, key levels where price movements are likely to slow down or reverse. This function not only aids in planning potential trade entries and exits, but also calculates the precise percentage distance to these levels. Can also be crucial for risk management, as they allow traders to set stop losses and profit targets based on solid, data-driven analysis. The Multi-Timeframe Moving Averages function is a versatile tool that combines strategic planning and risk control into a single, easy-to-use feature.
SNAPSHOT
Divergence Fusion Engine
The engine allows the use of unique indicators along with our proprietary ones to detect potential price reversals. Additionally, set theory's Union and Intersection operators simplify the exploration of divergence combinations. For example, if you're interested in identifying rare situations where selected indicators diverge simultaneously, it's just a few clicks away.
As each asset has a different market maker, divergences can vary greatly across different charts and timeframes. With our Divergence Performance Rank, you can quickly determine which divergences have the highest success rates and which are the least successful on a given chart. This feature allows you to adapt your strategies to the most effective signals, enhancing your trading decisions and boosting your potential profits.
SNAPSHOT
Trend Matrix Core
This 21st-century tool utilizes simple visualization techniques to present trend information in an intuitive, easily interpretable manner. It is tailored for the modern trader who values both precision and simplicity. The calculation is based on our unique algoat TMC™ (Trend Matrix Core) algorithm: a flexible Moving Average matrix, designed to assess market trend direction, strength, and shifts. It complements algoat SMC Core™ as confluence.
The general trend direction of the asset can be identified by looking at the slope of the Trend Matrix Core: pointing up, the asset is in an uptrend, pointing down, the asset is in a downtrend. The indicator can also be used to assess the strength of a trend, identify potential resistance and support levels, and manage risk. Trend edges (lines) can be used as potential entries or targets, depending on the situation.
SNAPSHOT
SNAPSHOT
══════════════════
🧠 General advice
Trading effectively requires a range of techniques, experience, and expertise. From technical analysis to market fundamentals, traders must navigate multiple factors, including market sentiment and economic conditions. However, traders often find themselves overwhelmed by market noise, making it challenging to filter out distractions and make informed decisions. By integrating multiple analytical approaches, traders can tailor their strategies to fit their unique trading styles and objectives.
Confirming signals with other indicators
As with all technical indicators, it is important to confirm potential signals with other analytical tools, such as support and resistance levels, as well as indicators like RSI, MACD, and volume. This helps increase the probability of a successful trade.
Use proper risk management
When using this or any other indicator, it is crucial to have proper risk management in place. Consider implementing stop-loss levels and thoughtful position sizing.
Combining with other technical indicators
Integrate this indicator with other technical indicators to develop a comprehensive trading strategy and provide additional confirmation.
Conduct Thorough Research and Backtesting
Ensure a solid understanding of the indicator and its behavior through thorough research and backtesting before making trading decisions. Consider incorporating fundamental analysis and market sentiment into your trading approach.
══════════════════
⭐ Conclusion
We hold the view that the true path to success is the synergy between the trader and the tool, contrary to the common belief that the tool itself is the sole determinant of profitability. The actual scenario is more nuanced than such an oversimplification. A word to the wise is enough: developed by traders, for traders — pioneering innovations for the modern era.
Risk Notice
Everything provided by algoat — from scripts, tools, and articles to educational materials — is intended solely for educational and informational purposes. Past performance does not assure future returns.
Release Notes
-Release Notes
-Release Notes
-Release Notes
version 3.1.0- SMC Core and TMC algorithm update: sensitivity adjustments.
- Divergence signals are now entirely tied to confirmed temporal structural highs and lows (SMC Core algorithm).
- Flux indicators added (sentiment, momentum, trend strength, volume, volatility).
- New filters: Bullish, Bearish, Regular, Hidden, and single indicator instances.
- Fine-tuned combinatorics: filter to minimum divergence combinations.
- Fusion with intersection: show only those indicator divergences where both regular and hidden are present at the same time.
- Statistics: Totals, Aggregations (min, max, avg) by Win Rate or Frequency.
- Performance Rank: Order by Win Rate, Frequency; Limit results.
Invite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact algoat directly.
Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. 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
-
Warning: please read our guide for invite-only scripts before requesting access.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Invite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact algoat directly.
Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. 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
-
Warning: please read our guide for invite-only scripts before requesting access.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.