PROTECTED SOURCE SCRIPT
Daksh Indicator
The Daksh Indicator is designed for swing and position traders looking for clean and reliable entries/exits on HIGHER TIME FRAMES.
It combines RSI crossover signals, RSI slope filtering, and a custom cooldown period to avoid signal clutter and improve quality.
📊 Core Logic:
RSI Crossovers: Triggers a BUY when RSI crosses up from below the oversold zone, and SELL when RSI crosses down from overbought.
Slope Filter: Signals are only valid if the RSI slope exceeds a configurable threshold, helping filter out weak reversals.
Cooldown Timer: Once a trade is taken, a user-defined number of bars must pass before a new signal can appear.
Entry Flexibility: Option to plot entry labels using Open or Close price.
PnL Tracker: A live table shows entry price and running PnL (%) based on the last signal.
📣 Alerts:
The indicator supports alerts for BUY, SELL, and combined signals.
🔒 Note:
This is a closed-source indicator due to proprietary signal filtering and trade timing logic developed through extensive personal research and testing.
⚙️ How to Use:
Use it on higher timeframes (e.g., 4H, Daily) to avoid false signals.
Look for signals aligned with major trend context.
Adjust the slope threshold and cooldown to fine-tune signal frequency.
It combines RSI crossover signals, RSI slope filtering, and a custom cooldown period to avoid signal clutter and improve quality.
📊 Core Logic:
RSI Crossovers: Triggers a BUY when RSI crosses up from below the oversold zone, and SELL when RSI crosses down from overbought.
Slope Filter: Signals are only valid if the RSI slope exceeds a configurable threshold, helping filter out weak reversals.
Cooldown Timer: Once a trade is taken, a user-defined number of bars must pass before a new signal can appear.
Entry Flexibility: Option to plot entry labels using Open or Close price.
PnL Tracker: A live table shows entry price and running PnL (%) based on the last signal.
📣 Alerts:
The indicator supports alerts for BUY, SELL, and combined signals.
🔒 Note:
This is a closed-source indicator due to proprietary signal filtering and trade timing logic developed through extensive personal research and testing.
⚙️ How to Use:
Use it on higher timeframes (e.g., 4H, Daily) to avoid false signals.
Look for signals aligned with major trend context.
Adjust the slope threshold and cooldown to fine-tune signal frequency.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.