This robot includes multiple trade signal algorithms and technical overlays. With tools for all markets and trading styles, access original and beautiful charting tools that work for you.
Flexible and robust trend detection & confirmation
Maverick mean reversion signals
Immensely customizable settings for all markets
Indicator prediction zones, perfect for options traders
The most beautiful bands in the world
As of this update, Technimentals Robot includes:
Queen Mary - A powerful mean reversion algorithm which compares the performance of the chart against the performance of a user-chosen benchmark. She uses short term mean reversion optionally combined with longer term trend following logic to detect possible deviations and thus unique pivot points which may lead to short term reversals or continuations of trend.
Brian - An agile and fully customizable trend following algorithm which uses various filtering systems to hone signals.
Prediction Zones - Projections of future price levels and indicator levels, currently featuring RSI and MFI.
Volume Weighted Filtered Bands - The most beautiful bands in the world.
...and much more! Check the change log below for new features.
Technimentals Robot is an all-in-one suite of indicators designed to be used as a standalone trading system. The backbone of this indicator is the trade signal generation. However, blindly following trade signals without context is unwise and that's where the supplementary bands and Prediction Zones come in. The signals are designed to be used primarily for entry signals; the bands can be used to determine whether or not a chart is overextended (and worth stopping out or profit taking) or not. The Prediction Zones are built in particular for those wishing to trade these signals via options due to the quantifiable nature of their predictions, but they too can be used to add an extra data point for knowing which areas of support & resistance to use when determining take profit and stop loss locations.
Sub-Component Descriptions: Queen Mary Queen Mary is a versatile trading signal generator which uses another symbol as a benchmark to build trading signals for your chart. Queen Mary works by detecting whether or not there are sustained divergences and alerts the user via trade signals for when reversions to the mean are expected. A typical use case for Queen Mary would be to set her to run on a technology stock with a technology ETF as the benchmark, but you use any pair of your choice. Buy signals on the chart simultaneously indicate sell signals in the benchmark. This can be used for pairs trading and long/short portfolio strategies. Suppose the following; you’ve applied Queen Mary to a chart of AAPL and are using XLK as the benchmark. A buy signal for AAPL would also indicate a sell signal for the XLK. The user could then long AAPL and short XLK the same dollar amount, expecting a reversion to the mean.
Brian Brian is a flexible trend following algorithm which uses multiple filtering techniques to hone entries and exits. Brian has been designed to catch every major trend without fail. The inevitable problem all breakout or trend following algorithms face is their propensity to get chopped up during sideways market action. Brian addresses this problem via the ‘Risk’ setting which allows the user to determine the market conditions via a risk/reward standpoint. During periods of sideways action, the risk setting should be increased. This will reduce the number of signals Brian gives and increase the odds of the breakout leading to a continuation. Brian signals profit taking signals via blue flags. These always occur at a user defined risk to reward ratio. Partial profits should always be taken as soon as these flags occur. It is advised to use a user-defined trailing stop loss on the remaining position which suits the user’s own risk preferences.
Prediction Zones Prediction Zones predict zones of indicator and price levels into the future. Currently featuring the Relative Strength Index and the Money Flow Index, Prediction Zones will display at what future prices these indicators will reach user defined outputs. A classic use-case example of this would be for options traders as these zones can be used as support and resistance areas. For example, if you believe the daily RSI won’t reach below 30 before the end of the week, you can use this zone as another data point for deciding where to put your short strike. The zones can be shown into the past too so you can see how they behaved on historical data.
Volume Weighted Filtered Bands These bands are built by firstly using a volatility and short term range detection algorithm and plugging this into three different lengths of smoothing filters. The output is then combined and filtered one last time before being coloured and plotted as multiple bands. They can be customized to suit any trading style, but were built with scalp traders particularly in mind. It’s rare for prices to deviate from these bands for long. A typical use case for these bands would be to trade with the trend while price is trading cleanly inside and in the same direction as the bands. Profit taking should typically be considered when price exceeds the bands, although this will depend on the settings chosen by the user. The bands can also be used to gauge volatility (with an unusual increase in width) and volume (increased brightness). The brightness of the bands are determined by volume, the brighter the bands are, the greater the volume.
Queen Mary
Brian
Most of the above images were carefully chosen, others were not. No indicator or strategy is perfect. Trend following algorithms will inevitably experience chop. Mean reversion algorithms will inevitably miss out on the big moves. Our tools aim to give you the data to help you determine which signals to act upon. You are responsible for your own trading decisions. Trading signals are worthless if you do not have a clear plan, including exit targets and risk management. If you do not have these, you should study them seriously before considering fancy indicators. This indicator is probably unsuitable for beginners.
版本注释
Updated Queen Mary to include arrows which will predict when and where the mean reversion is expected to be completed.
版本注释
Updating chart
版本注释
v122 • Added Shawn and alerts • Polished the settings menu • Improved code efficiency for faster loading Shawn Shawn is a simple short only algorithm which uses a combination of mean reversion, momentum and volume components.