Daveatt

Ultimate Algorithm Builder (Single Trend)

Hello traders

This is a fantastic tool to detect convergence between the following indicators :

  • Overlay - meaning if the price close above/below the SMA 50
  • Trend Signal - to detect if the the DOW law is broken and predict a possible reversal - en.wikipedia. org /wiki/Dow_theory
    In other words, it detects if the higher highs or lower lows sequence is broken
  • MACD or MACD Zero Lag
  • MM Cross - Cross of moving averages
  • Ichimoku - if the price closes below/above the cloud
  • Supertrend - used to detect polarity zones
  • TSI Shadow - propieraty indicator - URL : tradingview.com/script/0lBK9IBY-TSI-Shadow/

It's ultra flexible as you check which indicator you need in your own strategy. That's why I called it the Ultimate Algorithm Builder

Enjoy
Dave
Release Notes: I've been asked to ad the pullback. What community asks, community gets for FREE :)
Pullback added in the parameters. Sometimes after a signal, you might want to get a pullback on a specific Moving Average to :
- reduce your loss in case you'll be invalidated
- increase your gain as you'll get a better entry
Of course this feature is optional but still a nice to have in your trading toolkit

If you want me to add any sub-indicator in this one or if you have any question, please ask in the comments section

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