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ProAlgo

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The ProAlgo indicator is a trend based indicator that uses an alternative calculation for ATR to determine buy and sell signals on all time frames. These buy sell signals are capture on the chart and alerted as such. The "TP" signals are based on a proprietary momentum oscillator similar to stochastics and ADX to determine where price is overextended in the direction of the trend. The signals indicate potential areas for getting out of the existing trade but do not guarantee the trend is over. Lastly there is the option to have automated support and resistance lines on all time frames.
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In this version. We updated the table to show the trends of larger time frames. These trends are based on the same indicator.
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Extensive updates where we added in an EMA cloud on the default settings, Reversion channels for additional confirmation of support and resistance, the ability to change your preference to day, swing, and scalp settings, automated fib retracement, and a warning candle overlay to signal potential reversal points. In addition we changed the default colors.
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Added minor customization adjustments to default settings and color changing abilities.
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This update we added Reversal alerts from the ProAlgo Oscillator, ability for 3 EMAs to be used, updated the Auto Fib feature as well as the ADR feature.
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Added the ability to filter out the buy and sell signals based on a multi-time frame EMA. Also adde multi time frame alerts and removed the auto fib function.
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V2.3: Added ProTrend feature which is a trend tracing indicator based on a series of moving averages and williams indicators.
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V2.4 Added additional advanced EMA filtering for buy/sell alerts, a re congifuration of the side panel, a new Stop Loss feature and more customizeable alerts.
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V2.4.1 fixes a couple minor bugs in filtering
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V2.5 adds in multi time frame RSI and EMA cloud filters in addition to customization abilities for the reversion band opacity, TP symbols, and fixes several bugs.
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V 2.5.1 added trailstop feature
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Added trend and ranging mode.
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Added new sniper mode and fixed some of the bugs in previous version.
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added reversal zones
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Fixed bug for inability to change colors
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Improved code to increase load speed.
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Introducing: Smart Ranges, Pattern Detection, Dynamic Take Profits, RSI Bands
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Major Efficiency update, light menu work
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- Error message fix

Penafian

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