Ultimate Algorithm Builder (Single Trend)

Hello traders

This is a fantastic tool to detect convergence between the following indicators :

Overlay - meaning if the price close above/below the SMA 50
Trend Signal - to detect if the the DOW law is broken and predict a possible reversal - en.wikipedia.org/wiki/Dow_theory
In other words, it detects if the higher highs or lower lows sequence is broken
MACD or MACD Zero Lag
MM Cross - Cross of moving averages
Ichimoku - if the price closes below/above the cloud
Supertrend - used to detect polarity zones
TSI Shadow - propieraty indicator - URL : tradingview.com/script/0lBK9IBY-TSI-Shadow/

It's ultra flexible as you check which indicator you need in your own strategy. That's why I called it the Ultimate Algorithm Builder

Enjoy
Dave

Release Notes

I've been asked to ad the pullback. What community asks, community gets for FREE :)
Pullback added in the parameters. Sometimes after a signal, you might want to get a pullback on a specific Moving Average to :
- reduce your loss in case you'll be invalidated
- increase your gain as you'll get a better entry
Of course this feature is optional but still a nice to have in your trading toolkit

If you want me to add any sub-indicator in this one or if you have any question, please ask in the comments section

Daveatt

⭐️ Listed as an Official TradingView Trusted TOP Pine Programmer

📧 Coding/Consulting Inquiries: dave@best-trading-indicator

Telegram: Daveatt

⏩ Course: best-trading-indicator.com

Twitter: twitter.com/bti_trading

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Invite-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 Daveatt for more information, or follow the author's instructions below.

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Author's instructions

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Want to use this script on a chart?

Warning: please read before requesting access.

Daveatt

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