Flux Charts SFX Algo (Premium)

2023년 7월 26일

Flux Charts SFX Algo indicator is a comprehensive and sophisticated all-in-one toolkit designed to cater to all the technical analysis needs of traders. Developed and designed by Russell W., head developer at Flux Charts.

The Flux Charts SFX Algo indicator stands apart with its unique ability to seamlessly integrate with various forms of technical analysis, while also offering the option to function as a standalone toolkit adaptable to any trading style. The indicator has been designed to take into account the dynamic nature of market conditions, ensuring that every feature included remains relevant, reliable, and effective.

Traders have countless possibilities when utilizing this indicator, allowing for the exploration and analysis of an array of cutting-edge features over time. This enables traders to selectively employ the features that align best with their individual trading styles and build a personal trading strategy.

The Flux Charts SFX Algo indicator is set to revolutionize the way traders approach technical analysis, providing them with the tools and insights needed to navigate complex financial markets with confidence and precision.

Flux Charts SFX Algo works in all markets (stocks, crypto, forex, futures, bonds, options, etc) and has many features including:

• Buy signals (Not to be followed blindly)
  
• Sell signals (Not to be followed blindly)
  
• Buy & Sell Signal Ratings (Higher rating doesn't necessarily mean a "better" signal)
  
• Algorithm Weighting Customization
  
• Algorithm Sensitivity Customization
  
• Algorithm Signal Strength Filter
  
• Take Profit signals
  
• Take Profit Retest signals
  
• Take Profit Level Optimization
  
• Trend Candle Coloring
  
• Volatility Bands
  

+ more

What it does

The indicator uses an Adjusted Weighted majority algorithm to generate "buy" and "sell" signals. The algorithm takes into account several market metrics and weights them based on their recent performance. How far back the algorithm checks is based on the “Time Weighting” setting. This allows users to choose between having more data points or having more recency bias within the algorithm, but less data to decipher.

How it works and what differentiates it

There are many popular strategies in the market all of which go in and out of successful periods. The SFX algorithm effectively uses popular indicators or "experts" and weights them using a period decided through the "Time Weighting" Setting. The "experts" include popular indicators that cover Momenutmn, ATR trends, and EMA trends. Adjusted Weighted Majority typically weighs only through binary events however the SFX also uses a dynamic system to punish larger losses. The total weighting is then used to confirm a signal is agreeing with the most successful "experts" or indicators within the time period. This effectively will filter poor signals during periods of underperformance compared to other indicators and the converse during performant periods.

This weighting algorithm was inspired by the Princeton University lecture "Multiplicative Weight Algorithm" by Sanjeev Arora!

Usage

https://www.tradingview.com/x/4jfSZ4IY/
ES1! 3 minute timeframe, July 7 2023.

Indicator Settings: (Sensitivity: 70, Signal Strength: 40, Time Weighting: Recent Trends)

• The star-rated signals show the strength of the signals based on our weighting system
  
• The colored candles (green & red) simplify the market into basic uptrends/downtrends
  
• The volatility bands show areas of potential reversals
  
• The volatility bands also show potential breakouts (Tight bands = consolidation, which could lead to an impulsive move)
  
• The take profit signals suggest areas where profits should be taken in a trade
  

Settings and their Usage



Algorithm Settings Explained
Sensitivity determines how frequently signals appear. A higher sensitivity would lead to more frequent signals (Buy & Sell) appearing on your chart
Signal Strength helps filter out low-rated signals based on our Stochastic Weighting Algorithm. A higher signal strength will lead to fewer signals on your chart. A higher-rated signal doesn't necessarily make it a better signal than a lower-rated signal.
Time Weighting allows you to choose how much historic data you want the indicator to use when interpreting data for the signals. There are three options to choose from including:
- Recent Trends
- Mixed Trends
- Longterm Trends

Using the "Recent Trends" option will only use recent market data when looking at the market metrics our algorithm uses for generating "Buy" and "Sell" signals. Thus, there will be a recency bias which means the metrics the algorithm is weighing more heavily have recently performed well.

Using the "Longterm Trends" option will use more historic market data when looking at the market metrics our algorithm uses. This will give more data points for the algorithm to use, but it won't count for recent performances, but rather an overall performance in the past. Thus, if one metric has been doing poorly recently, it will still receive the same weight, even though it was performing well at the start of our lookback period for data.

Using the "Mixed Trends" option will give you a choice that is in between these two options. This will give you a good balance between having enough data points for market metrics, while also sustaining a good bit of market recency bias.

2023년 8월 16일

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Added setting to turn off repeat take profit signals and notifications.

2023년 9월 13일

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SFX Dashboard
The dashboard shows the SFX Algo's sentiment on different timeframes according to the settings you have chosen.

• 3 Minute
  
• 15 Minute
  
• 30 Minute
  
• 1 Hour
  
• 1 Day
  

You can also change the position of the dashboard and toggle it on/off.

2023년 9월 13일

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Enable/Disable Dashboard

2023년 11월 13일

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Changes to the rating system. Max rating has been increased from 3 to 5. Changes in rating are now plotted so they can be easily incorporated in strategies.

2023년 11월 19일

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Added setting to enable webhook formatting for alerts.

2023년 11월 22일

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Added additional features to webhooks

2023년 11월 27일

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Added additional webhook features

2023년 12월 9일

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Added the 4 hour and 1 week timeframes to the dashboard. Added a setting to turn on or off take profit 1, 2, and 3 labels and notifications individually.

2024년 1월 16일

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• Table Sizes can now be changed in settings.
  
• Upgrade alerts now include the direction of the the signal which has been upgraded (Bullish or Bearish).
  

2024년 1월 17일

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General Update to Webhooks

2024년 1월 19일

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Take profits now are part of webhook alerts.

2024년 2월 5일

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Update to notifications to increase display consistency.

2024년 2월 7일

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Bar Color Setting Update

2024년 2월 12일

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Added webhook support for futures ticker id object.

2024년 2월 17일

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• Added Auto Stop-Loss feature which uses the user's risk tolerance setting and the SFX Algo's sub-trends to find stop-loss exits.
  
• Added theming settings to allow greater customization of the overlays' colors.
  

2024년 2월 23일

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Added setting to display or hide star ratings within labels.

2024년 2월 25일

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Added support for alert conditions. Users can now set specific function calls as triggers for notifications through the alert creation process.

2024년 4월 10일

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• Signal rating table's color is now dependent on the signal direction.
  
• General notifications update.
  

2024년 5월 7일

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General Updates

2024년 5월 11일

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Update to TP Labels

2024년 5월 17일

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Update to notifications

2024년 9월 25일

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- Large scale refactoring changes
- Automatic stop loss improvements

2024년 9월 25일

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- Fixed high timeframe runtime error

2024년 10월 7일

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Improve webhook support for Heikin Ashi candles

1월 4일

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• NEW! Setting to filter signals by minimum star rating, from 1 to 5
  
• NEW! Key Levels TP & SL Method
  
• NEW! Volatility Bands TP & SL Method
  
• NEW! Signal Rating TP & SL Method
  
• NEW! Retracement Wave Overlay
  
• NEW! Realtime TP & SL Lines and Labels (Only for Key Levels TP / SL Method)
  
• Fixed an issue where TP labels appeared when disabled
  
• Various other fixes & optimizations
  

1월 29일

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Improved Signal Rating TP / SL Method.

2월 25일

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• Buy & Sell labels now take priority over rating delta labels.
  
• Various optimizations.
  

3월 27일

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Renamed to Flux Charts® - SFX Algo Toolkit

4월 1일

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SFX Algo Toolkit had a rework! All features are optimized for faster loading & runtime speeds. Signal detection was improved & optimized for different trading styles. Algorithm settings are revised, Trading Style setting is implemented for different trading approaches, an AI Sensitivity Optimizer for signals was implemented, and signal star ratings were removed. You can find the full patch notes below:

• UPDATED: Star ratings were removed. Now stronger signals have "+" symbol in their labels.
  

Algorithm Settings

• REMOVED: Signal Strength, Time Weighting, & Minimum Star Rating settings.
  
• NEW: Trading Style setting: Scalper, Day Trader, and Swing Trader.
  
• NEW: AI Sensitivity Optimizer: Automatically finds and sets the best sensitivity for the current ticker.
  

Take Profit / Stop Loss

• REMOVED: Star Rating TP / SL Method.
  

Overlays

• REMOVED: Strength Rating, Signal Ratings Dashboard, Trend Dashboard, and Signal Rating Labels settings
  

Alerts

• REMOVED: Rating Upgrade & Rating Downgrade alerts as star ratings are removed now.
  
• UPDATED: Buy & Sell alerts are renamed to Bullish Signal & Bearish Signal.
  

Theme

• NEW: Label Size setting.
  
• UPDATED: Default colors were updated.
  

4월 27일

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• New "Gauss Ribbon" Overlay! The Gauss Ribbon smooths out recent price movements using a Gaussian algorithm, making it easier to spot the current trend. The space between the upper and lower bands shows you how volatile the market is. You can also use band retests as a way to confirm the strength of the trend.
  

6월 9일

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• JSON Webhooks now include pre-determined TP & SL levels.
  

8월 20일

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• Switched to plotcandle() function for trend coloring feature
  

9월 8일

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• NEW "Trend Coloring Mode" setting. Users can now switch between "Bar Color" and "Bar Color + Wicks" for candlestick trend coloring.