Alpha Max — Indicator by AlgoWolf

Alphamax takes the power of the AlphaTrend indicator behind it, allowing signals to be received earlier without breaking the logic of AlphaTrend. It provides this with a kind of Moving Avera, which is done by a special calculation.

Configuration can be provided with the AlphaMax Length entry on the indicator. It is recommended to be used by optimizing especially for 15m and below timeframes.

Release Notes:

author developer update

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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