INVITE-ONLY SCRIPT
Flux Charts SFX Algo (Premium)
Updated
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:
+ 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)
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.
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.
Release Notes
Added setting to turn off repeat take profit signals and notifications.Release Notes
SFX DashboardThe 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.
Release Notes
Enable/Disable DashboardRelease Notes
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.Release Notes
Added setting to enable webhook formatting for alerts. Release Notes
Added additional features to webhooksRelease Notes
Added additional webhook featuresRelease Notes
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. Release Notes
- 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).
Release Notes
General Update to WebhooksRelease Notes
Take profits now are part of webhook alerts.Release Notes
Update to notifications to increase display consistency. Release Notes
Bar Color Setting UpdateRelease Notes
Added webhook support for futures ticker id object.Release Notes
- 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.
Release Notes
Added setting to display or hide star ratings within labels.Release Notes
Added support for alert conditions. Users can now set specific function calls as triggers for notifications through the alert creation process.Release Notes
- Signal rating table's color is now dependent on the signal direction.
- General notifications update.
Release Notes
General UpdatesRelease Notes
Update to TP Labels Release Notes
Update to notificationsRelease Notes
- Large scale refactoring changes- Automatic stop loss improvements
Release Notes
- Fixed high timeframe runtime errorRelease Notes
Improve webhook support for Heikin Ashi candlesInvite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact fluxchart for more information, or follow the author's instructions below.
TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.
Author's instructions
″Get instant access here: https://www.fluxcharts.com/
Want to use this script on a chart?
Warning: please read before requesting access.
Get Access to Flux Charts indicators: fluxcharts.com/?via=tv
Free trade signals for stocks, crypto, forex, and futures: discord.gg/fluxcharts
Free trade signals for stocks, crypto, forex, and futures: discord.gg/fluxcharts
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.