Luxy UT BOT Watchlist ScannerUT BOT Watchlist Scanner - User Guide
Version: 1.0
Overview
The Luxy UT BOT Watchlist Scanner is a multi-symbol monitoring tool that combines the UT Bot (Ultimate Trailing Stop) algorithm with real-time scanning capabilities. It allows traders to monitor up to 10 symbols simultaneously for trend reversals based on ATR trailing stops, without needing to manually switch between charts.
What is UT Bot?
UT Bot is a trend-following indicator that uses ATR (Average True Range) to create a dynamic trailing stop. When price crosses above the trailing line, it signals a potential uptrend (BUY). When price crosses below, it signals a potential downtrend (SELL).
Key Features
Real-Time Multi-Symbol Scanning
Monitor up to 10 symbols for UT Bot signals without switching charts. The scanner checks each symbol on your selected timeframe and displays recent flips in a table.
Customizable Timeframe
Scan symbols on any timeframe (1m to Daily) independently of your current chart timeframe. This allows you to trade on 5-minute charts while monitoring 1-hour signals across multiple symbols.
TTL (Time-To-Live) Management
Symbols appear in the table only when they flip and remain visible for a configurable duration (default: 5 minutes). This prevents clutter and focuses attention on recent opportunities.
Real-Time Alerts
Receive TradingView alerts when any monitored symbol flips. Optional daily throttling prevents alert spam on volatile tickers.
On-Chart UT Visualization
Display the UT trailing stop line and buy/sell labels directly on your current chart for manual analysis.
Who Is This For?
Day Traders
Scan multiple stocks or forex pairs for breakout signals without missing opportunities on other charts.
Swing Traders
Monitor a portfolio of assets on higher timeframes (4H, Daily) to catch major trend reversals.
Multi-Asset Traders
Track symbols across different sectors or asset classes simultaneously (stocks, crypto, forex).
Alert-Based Traders
Set up alerts and step away from the screen. Get notified only when your monitored symbols generate signals.
Advantages Over Similar Indicators
Versus Manual Chart Switching
Eliminates the need to cycle through multiple charts manually. All signals appear in one consolidated table.
Versus Single-Symbol UT Bot
Standard UT Bot indicators only work on the current chart. This scanner extends the functionality to 10 symbols at once.
Versus Screeners
Most screeners require premium subscriptions and operate outside TradingView. This tool works entirely within your existing TradingView setup.
Performance Optimized
Smart scanning logic reduces unnecessary calculations. The scanner only processes data when the target timeframe bar is confirmed, minimizing CPU load.
How To Use
Step 1: Add To Chart
Open any chart in TradingView
Click "Indicators" and search for "Luxy UT BOT Watchlist Scanner"
Add the indicator to your chart
Step 2: Configure UT Bot Settings
Sensitivity (Key × ATR)
Controls how tight or loose the trailing stop follows price.
Recommended starting points:
Scalping (1-5m charts): 0.9 - 1.2
Day Trading (5-60m charts): 1.3 - 2.2
Swing Trading (4H-D charts): 1.7 - 3.0
Lower values = more signals, faster reactions, higher noise
Higher values = fewer signals, stronger trends, less noise
ATR Period
Number of bars for volatility calculation.
Recommended starting points:
Scalping: 5-7 bars
Day Trading: 7-14 bars
Swing Trading: 10-21 bars
Shorter periods = more responsive to recent volatility
Longer periods = smoother, less reactive to noise
Step 3: Configure Watchlist Scanner
Symbols to Scan
Enter up to 10 symbols separated by commas.
Example: AAPL, MSFT, NVDA, TSLA, AMZN
For stocks, use the ticker symbol only (not exchange prefix).
For crypto, use the full pair name (BTCUSD, ETHUSD).
For forex, use standard pairs (EURUSD, GBPUSD).
Scanner Timeframe
Select the timeframe for signal detection across all symbols.
Recommended combinations:
Chart: 5m, Scanner: 15m (day trading with confirmation)
Chart: 15m, Scanner: 1H (swing trading setup)
Chart: 1H, Scanner: 4H (position trading)
The scanner timeframe can differ from your chart timeframe. This is useful for multi-timeframe analysis.
Keep Hits For (TTL)
How long symbols remain visible in the table after a flip.
Recommended settings:
Active monitoring: 5-10 minutes
Passive monitoring: 15-30 minutes
Symbols that flip again within the TTL window reset the timer.
Step 4: Set Up Alerts (Optional)
To receive notifications when any symbol flips:
Enable "Enable Runtime Alerts" in the scanner settings
Click the TradingView alert button (clock icon)
Set condition to: "Any alert() function call"
Configure your notification preferences (popup, email, webhook)
Click "Create"
Optional: One Alert Per Symbol Per Day
Enable this to limit alerts to once per calendar day per symbol. Useful for volatile tickers that flip multiple times.
Recommended Settings By Trading Style
Scalping (1-5 minute charts)
Sensitivity: 1.0
ATR Period: 5
Scanner Timeframe: 3m or 5m
TTL: 5 minutes
Best for: High-frequency traders monitoring liquid assets
Day Trading (5-60 minute charts)
Sensitivity: 1.5
ATR Period: 10
Scanner Timeframe: 15m or 30m
TTL: 10 minutes
Best for: Intraday swing trades with moderate position holding
Swing Trading (4H-Daily charts)
Sensitivity: 2.2
ATR Period: 14
Scanner Timeframe: 4H or D
TTL: 30 minutes
Best for: Multi-day positions and trend following
Conservative Approach (Low Noise)
Sensitivity: 3.0
ATR Period: 21
Scanner Timeframe: D
TTL: 30 minutes
Best for: Long-term investors wanting only strong trend changes
Note: These are configuration suggestions, not trading advice. Always test settings on historical data and adjust based on the asset's volatility and your risk tolerance.
Understanding The Table
The watchlist table appears at your selected position (default: bottom left) and displays:
SYMBOL column: Ticker symbol that flipped
SIGNAL column: BUY (green) or SELL (red)
Symbols are sorted with the most recent flip at the bottom.
The table updates in real-time as symbols are scanned. If no symbols are currently active, the table will be empty or show only the header.
Performance Notes
How The Scanner Works
The scanner processes symbols in batches to minimize load. Each bar, it scans up to 10 symbols and checks for signal changes.
The smart timing optimization ensures scanning only occurs when the target timeframe bar is confirmed, reducing unnecessary calculations by approximately 70 percent.
Symbol Limit
The maximum is 10 symbols to maintain performance. If you need to monitor more symbols, you can add the indicator multiple times with different symbol lists.
Calculation Bars
The scanner uses 300 historical bars for accurate signal detection. This ensures proper ATR calculation even when scanning symbols different from your current chart.
Troubleshooting
Table not showing any symbols
Verify symbols are entered correctly (no extra spaces)
Check that symbols are valid for your TradingView plan
Ensure "Show Watchlist Table" is enabled
Wait for at least one symbol to generate a signal
Alerts not triggering
Confirm "Enable Runtime Alerts" is on
Verify you created an alert with condition "Any alert() function call"
Check that you're viewing the chart in real-time (not replay mode)
Invalid symbol errors
Remove any exchange prefixes (use AAPL, not NASDAQ:AAPL)
For crypto, ensure you're using the correct pair format for your exchange
Some symbols may require premium data access
Too many or too few signals
Adjust the Sensitivity value (lower = more signals, higher = fewer signals)
Try a different ATR Period
Consider changing the scanner timeframe
Important Disclaimers
This indicator is a technical analysis tool only. It does not predict future price movements or guarantee trading profits.
All suggested settings are for educational purposes and should be tested in a demo environment before live trading.
The UT Bot algorithm generates signals based on historical price data and volatility. Like all technical indicators, it can produce false signals, especially in choppy or ranging markets.
Always use proper risk management, position sizing, and additional confirmation methods when making trading decisions.
Past performance of any trading strategy or methodology is not indicative of future results.
