OPEN-SOURCE SCRIPT

SBS Algo

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Hello traders, I am here again with a new and improved indicator.
This indicator is based on a pivot breakout algorithm which gives buy and sell signals according to the breakout of trendline. This is an advanced version of another script. It also takes price action into consideration along with some basic indicators like MACD and ADX to give good entry signals.
NOTE: This indicator is not designed to take entries completely based on signals it gives. Please use it along with your trading strategy to add more confluence to your trading system and maximize your profits.
I hope you guys will like this one too .Enjoy 👍
In case you find any bug, please do report in comment section .Thank you.
Nota Keluaran
Sorry everyone to keep you all waiting but the wait is finally over.
The new update is here
What's new :
  • The REPAINTING issue is finally solved.
  • Code optimized.
  • Batter signal filtration
  • Fixed Alerts

https://www.tradingview.com/x/zFTbktat/
https://www.tradingview.com/x/0FsD7g3Y/
https://www.tradingview.com/x/jaZpBSi5/
Over all performance
https://www.tradingview.com/x/boEXzMKL/
Note : The changes i made in order to eliminate the repainting issue has reduced the performance a little bit but the signals are more robust now. This doesn't mean that you should place orders directly based on signals. Do your own analysis first and trade responsibly.
Nota Keluaran
Minor bug fixes
  • Alerts after signal is confirmed
  • Made the trendline width adjustable
ADXbreakoutbreakoutsignalbreakouttradingbuysellsignalEMASmacdcrossoverMoving AveragespivotpriceactionVolatilityWave Analysis

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