Toptrade v3.0

Dec 1

Toptrade v3.0
change the name from livermore to toptrade

Dec 7

Release Notes

# Release Notes

## Toptrade v3.0 - Label Offset Improvement

### 🎯 Overview
This release fixes the label positioning issue that caused trading signal labels to appear too far from the K-line charts, especially on high-priced instruments like QQQ.

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## 📋 Changes

### ✨ New Features
- **Configurable Label Offset**: Added a new input parameter `labelOffsetMultiplier` (default: 0.3) that allows users to adjust the distance between trading signal labels and K-lines
- Range: 0.1 - 2.0
- Step: 0.1
- Tooltip: "Relative multiplier to ATR for calculating label distance from K-line"

### 🐛 Bug Fixes
- **Fixed Label Offset Calculation**: Replaced the fixed offset formula `atrValue * 1.5 + 50` with a more adaptive `atrValue * labelOffsetMultiplier`
- **Problem**: The previous formula caused labels to appear too far from K-lines on high-priced instruments (e.g., QQQ with large ATR values)
- **Solution**: Removed the fixed `+50` offset and made the multiplier configurable, allowing the offset to scale appropriately with different instrument types

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## 📊 Impact

### Before
- QQQ (ATR = 5): Offset = 5 × 1.5 + 50 = **57.5 points** ❌ Too far
- SPY (ATR = 3): Offset = 3 × 1.5 + 50 = **54.5 points** ❌ Too far

### After
- QQQ (ATR = 5, multiplier = 0.3): Offset = 5 × 0.3 = **1.5 points** ✅ Appropriate
- SPY (ATR = 3, multiplier = 0.3): Offset = 3 × 0.3 = **0.9 points** ✅ Appropriate

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## 🔧 Configuration

### Recommended Settings by Instrument Type

| Instrument Type | Recommended Multiplier | Notes |
|----------------|------------------------|-------|
| High-priced stocks (QQQ, SPY, AAPL) | 0.2 - 0.4 | Default 0.3 works well |
| Mid-priced stocks | 0.4 - 0.6 | Adjust based on ATR |
| Low-priced stocks | 0.6 - 1.0 | May need higher multiplier |
| Cryptocurrencies | 0.1 - 0.5 | Depends on price level |
| Forex pairs | 0.3 - 0.5 | Usually stable |

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## 📝 Technical Details

### Modified Code Sections
1. **Input Parameters** (Line ~56)
- Added: `labelOffsetMultiplier` input parameter

2. **Buy Signal Label Positioning** (Line ~209)
- Changed from: `labelOffset = atrValue * 1.5 + 50`
- Changed to: `labelOffset = atrValue * labelOffsetMultiplier`

3. **Sell Signal Label Positioning** (Line ~242)
- Changed from: `labelOffset = atrValue * 1.5 + 50`
- Changed to: `labelOffset = atrValue * labelOffsetMultiplier`

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## 📚 Related Files
- `toptradev3.0.pine` - Main indicator script