Algo Trader Swing Trade Tool — Indicator by Algo-Trader

volatility trendanalysis trend algotrading

Algo Trader Swing Trade Tool is a script that detects the trend and determines entry into the market based on price action / strength. To detect the trend, the volatility metric is used and is based on 2 standard deviations, one fast and one slow. The value of the fast standard deviations, will allow the indicator to be closer to the price, else the metric will be closer to the slow standard deviation which helps the indicator from changing trend and giving the expected results.

Additionally the tool is designed to monitor the candle bar formation and pattern along with trend identification and strength indicator values. Thus a BUY and SELL call is triggered.

Algo Trader Swing Trade Tool is designed and tested for Indian stock market (NSE,BSE and MCX).

Tool is designed to use for swing trade and Long term trade. For swing trade, 3~5 mins time frame charts are recommended and for Long Term trade, Day frame charts are recommended. If you want to use the tool for Intraday, you are recommended to use time frame less than or equal to 1 mins.

Use the instruction below to obtain access to this indicator

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 Algo-Trader 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

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