OPEN-SOURCE SCRIPT
Signal Forge [LuxAlgo]
The Signal Forge indicator is a modular technical analysis engine that allows users to blend 11 distinct technical filters into a unified signal and backtest the results in real-time. This tool aims to simplify strategy development by providing a visual framework for testing indicator confluence and risk management settings without writing code.
🔶 USAGE
The script provides a flexible logic system for generating signals based on the alignment of multiple technical components. Users can toggle specific indicators on or off and choose between "strict" mode (requiring ALL active indicators to agree) or "any" mode (where ANY active indicator can trigger a signal).
Signals are displayed on the chart as glowing orbs connected to the price action. Each signal includes a real-time historical win rate label at the moment of entry, allowing for a visual audit of the strategy's performance over time.
🔹 Indicator Selection
The tool includes 11 harmonized indicators:
🔹 Risk Management
Users can enable ATR-based Take Profit, Stop Loss, and Trailing Stop levels. When active, these levels are plotted on the chart. The Trailing Stop feature includes a specialized gradient fill that highlights the "breathing room" between the price and the exit level.
🔶 DETAILS
🔹 Dashboards
The script features two distinct dashboards to provide a comprehensive overview of the strategy:
🔹 Logic Harmonization
To ensure different indicator types work together effectively, mean-reversion tools like the Stochastic and Bollinger Bands have been reconfigured to act as trend-confirmation filters. For example, the Stochastic signal is bullish when the %K is in the upper half of its range (> 50) rather than looking for oversold extremes, ensuring it aligns with trend-following components like Moving Averages.
🔶 SETTINGS
🔹 Signal Logic
🔹 Risk Management (ATR)
🔹 Visuals
🔹 Dashboards
🔶 USAGE
The script provides a flexible logic system for generating signals based on the alignment of multiple technical components. Users can toggle specific indicators on or off and choose between "strict" mode (requiring ALL active indicators to agree) or "any" mode (where ANY active indicator can trigger a signal).
Signals are displayed on the chart as glowing orbs connected to the price action. Each signal includes a real-time historical win rate label at the moment of entry, allowing for a visual audit of the strategy's performance over time.
🔹 Indicator Selection
The tool includes 11 harmonized indicators:
- SMA Crossover
- RSI Filter (Levels)
- MACD Crossover
- Supertrend
- Stochastic (Trend-based)
- Bollinger Bands (Basis Filter)
- EMA Crossover
- Awesome Oscillator
- Parabolic SAR
- CCI Filter
- ADX/DI Filter
🔹 Risk Management
Users can enable ATR-based Take Profit, Stop Loss, and Trailing Stop levels. When active, these levels are plotted on the chart. The Trailing Stop feature includes a specialized gradient fill that highlights the "breathing room" between the price and the exit level.
🔶 DETAILS
🔹 Dashboards
The script features two distinct dashboards to provide a comprehensive overview of the strategy:
- Indicator Dashboard: Shows the real-time bullish/bearish status of all 11 indicators, their individual "standalone" win rates visualized with histograms, and their current toggle status.
- Performance Dashboard: Provides a high-level summary of the combined strategy performance, including Net Profit %, Win Rate, Profit Factor, and Total Trades.
🔹 Logic Harmonization
To ensure different indicator types work together effectively, mean-reversion tools like the Stochastic and Bollinger Bands have been reconfigured to act as trend-confirmation filters. For example, the Stochastic signal is bullish when the %K is in the upper half of its range (> 50) rather than looking for oversold extremes, ensuring it aligns with trend-following components like Moving Averages.
🔶 SETTINGS
🔹 Signal Logic
- Require All Enabled Indicators to Align: When enabled, every checked indicator must have the same directional bias to generate a signal.
🔹 Risk Management (ATR)
- ATR Length: The period used for volatility-based exit calculations.
- Take Profit/Stop Loss/Trailing Stop: Toggles and multipliers for managing trade exits.
🔹 Visuals
- Orb Distance (ATR): Controls the vertical offset of signal orbs from the price candle.
- Orb Base Size: Adjusts the thickness and glow intensity of the signal markers.
🔹 Dashboards
- Dashboards: Enable or disable the table overlays.
- Position/Size: Options to move and scale the Indicator and Performance tables to fit different screen layouts.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Build your own edge with AI: luxalgo.com
All content provided by LuxAlgo is for informational & educational purposes only. Past performance does not guarantee future results.
All content provided by LuxAlgo is for informational & educational purposes only. Past performance does not guarantee future results.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Build your own edge with AI: luxalgo.com
All content provided by LuxAlgo is for informational & educational purposes only. Past performance does not guarantee future results.
All content provided by LuxAlgo is for informational & educational purposes only. Past performance does not guarantee future results.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.