INVITE-ONLY SCRIPT
OctoAlgo v2.2
OctoAlgo v2.2: Buy & Sell signals Indicator
The OctoAlgo v2.2 is a versatile trading indicator designed to enhance your trading strategy across different market conditions. This script incorporates a combination of Keltner Channels, Supertrend lines, and several SMMA (Smoothed Moving Average) lines to provide robust buy and sell signals.
Key Features:
Sensitivity Adjustment: Easily customize the buy and sell signal sensitivity for optimal performance with a range of 0.5 to 20.
Visual Clarity: Choose your preferred colors for buy, sell, and signal change indicators for easier observation.
Trend Identification: Utilizes a 200-period Exponential Moving Average (EMA) to highlight overall market trends, colored for easy identification.
Custom Keltner Channel-Based Supertrend: Leverages a combination of price over Keltner Channels to determine dynamic support and resistance levels.
Adaptive SMMA Lines: Provides a suite of 18 SMMA lines, each dynamically colored to indicate bullish or bearish conditions based on closing prices.
Clear Buy/Sell Labels and Alerts: Automatically plots buy and sell labels on the chart, with alert conditions to notify traders of potential market entries and exits.
User Notes Panel: An integrated section for you to document and save your preferred parameters and observations.
For best results, pair this indicator with Heikin-Ashi candlestick charts to filter out market noise, thus enhancing signal reliability.
octoalgo.com
The OctoAlgo v2.2 is a versatile trading indicator designed to enhance your trading strategy across different market conditions. This script incorporates a combination of Keltner Channels, Supertrend lines, and several SMMA (Smoothed Moving Average) lines to provide robust buy and sell signals.
Key Features:
Sensitivity Adjustment: Easily customize the buy and sell signal sensitivity for optimal performance with a range of 0.5 to 20.
Visual Clarity: Choose your preferred colors for buy, sell, and signal change indicators for easier observation.
Trend Identification: Utilizes a 200-period Exponential Moving Average (EMA) to highlight overall market trends, colored for easy identification.
Custom Keltner Channel-Based Supertrend: Leverages a combination of price over Keltner Channels to determine dynamic support and resistance levels.
Adaptive SMMA Lines: Provides a suite of 18 SMMA lines, each dynamically colored to indicate bullish or bearish conditions based on closing prices.
Clear Buy/Sell Labels and Alerts: Automatically plots buy and sell labels on the chart, with alert conditions to notify traders of potential market entries and exits.
User Notes Panel: An integrated section for you to document and save your preferred parameters and observations.
For best results, pair this indicator with Heikin-Ashi candlestick charts to filter out market noise, thus enhancing signal reliability.
octoalgo.com
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 OctoAlgo_indicator 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.
Author's instructions
″For more information or to gain access, visit http://www.octoalgo.com . (coming soon February 2025)
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Warning: please read before requesting access.
Disclaimer
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