ALPHAFX V8 ALGO [ANEES]

4天前

The ALPHAFX V8 ALGO [ANEES] is a comprehensive technical analysis indicator designed to assist traders in identifying key buy and sell signals based on multiple factors, trend following & reversal detection experience including Bollinger Bands-style volatility zones, and dynamic stop loss/take profit levels.

Users can create various ways to utilize the indicator's features together such as looking for periods of price exhaustion in the market alongside strong reversal signals appearing or getting real-time divergence signals alongside a shift in volume with the volume overlay setting in the market to predict upcoming trends.

⨭ FEATURES

Buy and Sell Signals: The indicator generates visual buy and sell signals These signals are plotted directly on the chart with labels ("BUY" and "SELL") to help traders quickly identify potential trade opportunities.

Heat Zones: indicating the relative intensity of price movement, with widening zones suggesting increased volatility and potential trading opportunities.

Volatility Zones: The algorithm calculates volatility zones based on standard deviation These zones are dynamically colored and plotted to provide visual cues for varying market conditions.

Heatmap: The script includes a heatmap feature, coloring the chart background to indicate signal presence

Fixed Stop Loss and Take Profit: The tool allows traders to set fixed stop-loss and take-profit levels with customizable values. It also tracks and visualizes stop-loss and take-profit levels for both long and short positions directly on the chart.

Risk Management: The script includes risk management features after stop-loss hits, which prevent new trades from being triggered immediately following a stop-loss, allowing for more disciplined trading behavior.

Position Tracking: The algorithm tracks the position (long or short) and highlights entry, stop-loss, and take-profit levels using lines and labels for better visual clarity.

Alerts: Alerts are triggered for buy and sell signals, ensuring that traders are notified when trade opportunities arise based on the predefined conditions.

⨭ USAGE GUIDE



"In the images, we can see four points of interest used for confirming a buy:

➟Candle in the heat zone
➟Buy signal printed
➟Volume overlay
➟Entry price displayed
As shown in the circle, a buy signal is printed, and we observe the candle in the heat zone along with the displayed entry price. These confirmations are used to look for buy opportunities and a potential bullish reversal."



"In the images, we can see four points of interest used for confirming a sell:

➟Candle in the heat zone
➟sell signal printed
➟Volume overlay
➟Entry price displayed
As shown in the circle, a sell signal is printed, and we observe the candle in the heat zone along with the displayed entry price. These confirmations are used to look for sell opportunities and a potential bearish reversal."

⨭CONCLUSION & ACCESS

This strategy incorporates technical indicators for enhanced decision-making, but it is not a guaranteed method for financial success.
It is designed to work in various market conditions and can be adjusted based on individual trading preferences.
You can see the Author's instructions below to get instant access to ALPHAFX V8 ALGO [ANEES]