B4Signals Algo indicator is made up of more than 7+ innovative indicators carefully designed to generate high probability buy and sell signals while reducing risk. It derives its entries and exits from the B4Signals Indicator with added trend detection and volatility containment.
B4Signals Algo indicator detects the direction of trends for any asset and on any timeframe allowing traders to increase their confidence in positions, follow trends and stay in positions longer. Profit taking is up to the trader.
B4Signals Algo features:
Automatically generated buy and sell signals
Algo model selection in settings
Algo sensitivity selection in settings
Background chart shading for market hours
B4Signals Algo has two modes to choose from; each with an aggressive and a conservative approach to trading:
Algo 1 - Aggressive = Aims to detect very early trends, and is thus more reactive. Developed to catch both short term and long term trend reversal and provide clarity in the current trend direction. This setting attempts to make it easier to come in early in a new trend as well as to stay longer in that trend.
Algo 1 - Conservative = Aims to detect trend continuation where the stock price is likely to keep its current trend.
Algo 2 - Aggressive = Aims to detect very early confirmed trends, and is thus more reactive. Developed to catch both confirmed short term and confirmed long term trend reversals and provide confirmation in the current trend direction.
Algo 2 - Conservative = Aims to detect very early confirmed trends in conjunction with a filter to keep out false or choppy signals to leave the most accurate ones.
Disclaimer
Copyright by B4Signals.
The information contained in our scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. We will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Release Notes
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B4 Algo Premium gains a new model called Algo 3 and automatically drawn Supply and Demand zones.
New Features:
* Algo 3 - Aggressive = Intended for longer term trading. Aims to detect very early confirmed trends, and is thus more reactive. It is developed to catch both confirmed short term and long term trend reversals, and provides confirmation in the current trend direction. * Algo 3 - Conservative = Intended for longer term trading. Aims to detect trend continuation where the assets price is likely to keep its current trend. Utilizes a SQZ filter to filter out false and choppy signals and aims to leave the most accurate ones. * Calculates and draws non-repainting Supply and Demand, showing only valid zones and removing broken ones. * User configurable colors and transparency for Supply and Demand zones.
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Alerts will fire after the signal bar
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Added B4 Trading System components Updated visuals and various bug fixes
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Added alerts for the B4 System. New alerts include B4 Levels, B4 Brackets and B4 Ichimoku.
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Added ability to show prices in Levels labels
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Updated strategy bar coloring to include more of the B4 trading strategy rules
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Added a Heads Up Display table
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Added HUD text sizing and TK Counter number
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Added overriding the HUD to show all section even if the section is turned on visually. Fixed an issue with TK counter values. Fixed an issue with Bar Color where `none` was still painting bars.
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Added forecast signals and HUD color option
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Renamed the Forecast signals for saving space and added alerts for trend direction change reflected in the bar coloring
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Added VWAP status to HUD
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Disabling Supply/Demand zones temporarily for complexity
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Bug fixes and Supply/Demand is back
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Bug fixes
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Added remaining bar counter for Brackets
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Updated defaults
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Cleanup and various optimizations
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bug fixes
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Bug fixes, clean up, and simplification
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Launching a beta version of the Machine Learning algorithms for B4 Algo. This is still in beta. Trade responsibly.