nilux

[NLX-L3] Alerts

- Introduction: Alert Module -

This alert module is part of my powerful and flexible modular trading framework.
It can be used with any indicator that has a signal plot output (1 = long / -1 = short)

This trading framework is the result of many years experience building indicators and trading strategies.
I couldn’t find a trading framework in Pine Script that would suit my needs and so I started to design my own from scratch. I’m trading with this framework myself so I’ve made sure that it’s flexible and absolutely reliable in a live-trading environment.

- Architecture -

What makes this framework so flexible is the modular architecture, different layers that all serve a very specific purpose.
You will notice that the module names include either L1 - L2 - L3:

- Layer 1 (L1) is the base layer and the foundation. L1 indicators are used to determine the trend, volume profile and filter noise. You would use L1 to see if it’s a good time to trade, what is the direction - or if it's better to trade at all in unfavourable conditions
- Layer 2 (L2) receives the result of L1 and if the market conditions are good the L2 indicator looks for an optimal entry point to go long or short. It is possible to combine several L2 indicators and trigger a long/short signal only if all L2 indicators agree.
- Layer 3 (L3) receives the final signal from L2 and it’s where we can now backtest the result of our trading strategy and trigger trade alerts with help of the alert module.

- Features -

  • External Input Source (any indicator with signal plot can be used)
  • Safe Entries Option: Enter a trade only if the position is profitable ad the momentum allows
  • Pyramid Entries
  • Partial Take-Profit: %-Step Interval and Quantity per Step
  • Stop Methods: Trailing Stop, TP/SL with ATR Option, several type of stop bands...
  • Profit/Loss Label with Fee, Slippage and Leverage Calculation

- Additional Modules -



- Request Access -
Contact me - see my signature below
Release Notes: Update v1.3
  • Improved Stop Bands & Better Bands
  • Fixed: Stop Bands Lookback Issue
  • Stability Improvements
Release Notes: Default Settings Updated

🟥 🟧 🟨 🟩 Only 1x Available for Sale: My Entire Collection of Private Indicators,Strategies and Bots (incl. Source-Codes): https://tinyurl.com/trading-strategies

Telegram: @nomad5am for more details!
Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact nilux for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

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.

Want to use this script on a chart?

Warning: please read before requesting access.