The Brute Force indicator
This indicator is based on spotting and highlighting a particular activity pattern involving 3 moving averages:
A Time-Segmented Volume (TSV) indicator has also been incorporated to assist in finding more exact potential entry points based on volume change relative to a baseline. Since it may take a couple of candles for the TSV to "catch up" with our specific moving average pattern, we have also implemented a "delay" mechanism to all ow the moving average signal element trigger to remain valid for a configurable number of additional candles to see if the TSV aligns to confirm. If it does and all conditions are met, a rocket symbol (🚀) will be printed on the chart.
In addition to alerts aligning with the 🚀 symbol printing, additional alerts have been implemented to include:
Updates made after initial publication based on user feedback:
We have decided to make this indicator freely available to the public in the hopes that people will find it useful as part of a trading strategy. Please feel free to provide constructive suggestions or feedback you may have!
This indicator is based on spotting and highlighting a particular activity pattern involving 3 moving averages:
- A fast moving average that will track closely with price while still smoothing out some price chop
- A middle moving average to help gauge short-term momentum
- A slow moving average to help identify longer-term trends and potentially serve to also guide directional bias
A Time-Segmented Volume (TSV) indicator has also been incorporated to assist in finding more exact potential entry points based on volume change relative to a baseline. Since it may take a couple of candles for the TSV to "catch up" with our specific moving average pattern, we have also implemented a "delay" mechanism to all ow the moving average signal element trigger to remain valid for a configurable number of additional candles to see if the TSV aligns to confirm. If it does and all conditions are met, a rocket symbol (🚀) will be printed on the chart.
In addition to alerts aligning with the 🚀 symbol printing, additional alerts have been implemented to include:
- Fast MA Cross Over/Under Mid MA
- Price Close Above/Below Slow MA
Updates made after initial publication based on user feedback:
- Added traditional alert conditions
- Added the ability to configure the new style of dynamic alerts
- Added a user-configurable option to allow the indicator signals to repaint on real-time data*
- Added the ability to change the signal symbol style, size, shape, and color
- Added tooltips to all indicator settings to help users better understand how the affect the indicator operation and how to update them if desired
- Updated the dynamic/script-native alerts to be able to fire before candle close if "Allow Repainting" is selected and the alert configuration is set as "once per bar"*
- Added default settings notes to indicator tool-tips
We have decided to make this indicator freely available to the public in the hopes that people will find it useful as part of a trading strategy. Please feel free to provide constructive suggestions or feedback you may have!
릴리즈 노트:
Update to allow certain alerts to trigger before bar close if "Allow Repainting" option is checked/enabled
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