Extreme Areas with MTF Screener by QTX Algo Systems

3월 11일

Statistically Extreme Areas with MTF Screener by QTX Algo Systems

Overview
This indicator is designed to automatically highlight zones where prices become statistically overextended, signaling potential reversal opportunities. Enhanced with a Multi Time Frame (MTF) Screener, it verifies these extremes across several timeframes for a comprehensive, multi-dimensional view of market conditions.

How It Works

Baseline Statistical Analysis:
The indicator establishes a baseline price range using historical data through a statistical percentile approach. This baseline reflects typical price extremes over time.
Volatility and Momentum Filters:
It incorporates a Bollinger Band Width Percentile (BBWP) to measure real-time volatility and combines this with a double‐smoothed SMI and a Price – Moving Average Ratio (PMARP) to assess short-term momentum. This dual-filter system ensures that signals are generated only when both volatility and momentum conditions are satisfied.
Directional Oscillator (BBO) Analysis:
A Bollinger Band Oscillator (BBO) is used to evaluate the slopes of the upper and lower bands, adding an extra layer of confirmation for identifying true market extremes.
MTF Screener Integration:
The added MTF Screener scans multiple timeframes, confirming that the statistically extreme conditions are not isolated events. This cross-verification provides a more robust signal, ensuring that the identified reversal zones are consistent across the market.
Customizable Visual Alerts:
The indicator allows for customizable color coding for various conditions (e.g., extreme low warnings, extreme high warnings, and potential reversals), offering clear, visual guidance for traders.

Why It’s Different and Valuable
This tool is more than just a simple merger of common indicators—it’s a carefully integrated system that validates price extremes across several dimensions. By combining statistical analysis with real-time volatility, momentum verification, and multi-timeframe confirmation, it provides a dynamic framework that helps traders identify high-probability reversal zones while minimizing false signals. The added MTF Screener ensures that these signals are consistent and reliable across different market views, enhancing the overall decision-making process.

How to Use

Monitor Visual Cues: Look for the color-coded signals that indicate statistically extreme price levels.
Confirm Across Timeframes: Use the MTF Screener component to ensure that the extreme conditions appear consistently across various timeframes.
Integrate with Your Strategy: Use this indicator alongside other technical tools to refine entry, exit, and stop-loss decisions.

Disclaimer
This indicator is for educational purposes only and is intended to support your trading analysis. It does not guarantee performance, and past results are not indicative of future outcomes. Always use proper risk management and conduct your own analysis before trading.

3월 16일

릴리즈 노트

Statistically Extreme Areas with MTF Screener by QTX Algo Systems

Overview
This indicator is designed to automatically highlight zones where prices become statistically overextended, signaling potential reversal opportunities. Enhanced with a Multi Time Frame (MTF) Screener, it verifies these extremes across several timeframes for a comprehensive, multi-dimensional view of market conditions.

How It Works

Baseline Statistical Analysis:
The indicator establishes a baseline price range using historical data through a statistical percentile approach. This baseline reflects typical price extremes over time.
Volatility and Momentum Filters:
It incorporates a Bollinger Band Width Percentile (BBWP) to measure real-time volatility and combines this with a double‐smoothed SMI and a Price – Moving Average Ratio (PMARP) to assess short-term momentum. This dual-filter system ensures that signals are generated only when both volatility and momentum conditions are satisfied.
Directional Oscillator (BBO) Analysis:
A Bollinger Band Oscillator (BBO) is used to evaluate the slopes of the upper and lower bands, adding an extra layer of confirmation for identifying true market extremes.
MTF Screener Integration:
The added MTF Screener scans multiple timeframes, confirming that the statistically extreme conditions are not isolated events. This cross-verification provides a more robust signal, ensuring that the identified reversal zones are consistent across the market.
Customizable Visual Alerts:
The indicator allows for customizable color coding for various conditions (e.g., extreme low warnings, extreme high warnings, and potential reversals), offering clear, visual guidance for traders.

Why It’s Different and Valuable
This tool is more than just a simple merger of common indicators—it’s a carefully integrated system that validates price extremes across several dimensions. By combining statistical analysis with real-time volatility, momentum verification, and multi-timeframe confirmation, it provides a dynamic framework that helps traders identify high-probability reversal zones while minimizing false signals. The added MTF Screener ensures that these signals are consistent and reliable across different market views, enhancing the overall decision-making process.

How to Use

Monitor Visual Cues: Look for the color-coded signals that indicate statistically extreme price levels.
Confirm Across Timeframes: Use the MTF Screener component to ensure that the extreme conditions appear consistently across various timeframes.
Integrate with Your Strategy: Use this indicator alongside other technical tools to refine entry, exit, and stop-loss decisions.

Disclaimer
This indicator is for educational purposes only and is intended to support your trading analysis. It does not guarantee performance, and past results are not indicative of future outcomes. Always use proper risk management and conduct your own analysis before trading.

3월 31일

릴리즈 노트

We have added extra timeframes to the MTF Screener so users can now analyze very short term timeframes, and much longer timeframes also!