OctoAlgo v2.2

OctoAlgo v2.2: Buy & Sell signals Indicator

The OctoAlgo v2.2 is a versatile trading indicator designed to enhance your trading strategy across different market conditions. This script incorporates a combination of Keltner Channels, Supertrend lines, and several SMMA (Smoothed Moving Average) lines to provide robust buy and sell signals.

Key Features:

Sensitivity Adjustment: Easily customize the buy and sell signal sensitivity for optimal performance with a range of 0.5 to 20.
Visual Clarity: Choose your preferred colors for buy, sell, and signal change indicators for easier observation.
Trend Identification: Utilizes a 200-period Exponential Moving Average (EMA) to highlight overall market trends, colored for easy identification.
Custom Keltner Channel-Based Supertrend: Leverages a combination of price over Keltner Channels to determine dynamic support and resistance levels.
Adaptive SMMA Lines: Provides a suite of 18 SMMA lines, each dynamically colored to indicate bullish or bearish conditions based on closing prices.
Clear Buy/Sell Labels and Alerts: Automatically plots buy and sell labels on the chart, with alert conditions to notify traders of potential market entries and exits.
User Notes Panel: An integrated section for you to document and save your preferred parameters and observations.

For best results, pair this indicator with Heikin-Ashi candlestick charts to filter out market noise, thus enhancing signal reliability.

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