INVITE-ONLY SCRIPT
Super Alpha v1.0 [by TC]

Super Alpha is a very powerful momentum indicator that generates accurate buy and sell signals.
The algorithm script is based on a momentum oscillator and volatility strategy to identify trends and reversals. The indicator can be incredibly reliable to determine the trend strength and direction.
Super Alpha generates signals for when to initiate new positions or determines when an existing trend is about to reverse in order to close positions. The "Noise reduction"-filter has been implemented to filter false signals.
The indicator was originally developed for long strategies (+), but it can also be used just as well for short positions (-).
The Super Alpha indicator can be used on all time frame charts and instrument types.
Settings
It is important that you adjust and optimize the indicator settings for the instrument and time frame you are trading. Each financial instrument has its own rhythm, so you need to adjust and fine-tune settings to optimize the trading signals. You can tune and tweak the indicator settings to improve signal generation accuracy. Settings can sometimes be very individual, depending on your trading style and time frame used.
The default settings of the Super Alpha indicator are optimized for use on all time frames. If you use the indicator to trade lower or higher time frames, you may need to adjust the default settings to optimize it for your trading style and instrument type.
How to use:
1. Use on any instrument and time frame (fine-tune Settings).
2. When ‘Buy’ signal is confirmed (Green triangle, up ▲) –> enter Long position.
3. When ‘Exit’ signal is confirmed (Red triangle, down ▼) –> exit Long position (or go Short).
4. Exit also when -> trade hits your profit target/limit or stop loss (determined by user).
IMPORTANT: Wait for candlestick close to ensure signal is a confirmed signal!
Exactly how the indicator is used varies from trader to trader. When interpreted correctly, a trader can initiate new positions in the direction of the new trend and exit before the trend reverses. It can be used as a scalping tool in shorter time frames, but also as a timing indicator for day trading or swing trading strategies.
This indicator has been developed to work with regular bar candles, but we also recommend that you use it with Heikin Ashi candles or Line Break bars to filter out as much noise as possible and as these often have an improved ability to capture high-quality trends.
⚠ If you are new to trading and/or technical analysis in general, we always recommend a demo account (“paper-trading”) until you become familiar with how to use the indicator.
Super Alpha is a non-repainting indicator (meaning that signals do not change or disappear after bar close).
When using the Alert function, use the “Once Per Bar Close” configuration and wait for bar close to confirm entry/exit signal.
The algorithm script is based on a momentum oscillator and volatility strategy to identify trends and reversals. The indicator can be incredibly reliable to determine the trend strength and direction.
Super Alpha generates signals for when to initiate new positions or determines when an existing trend is about to reverse in order to close positions. The "Noise reduction"-filter has been implemented to filter false signals.
The indicator was originally developed for long strategies (+), but it can also be used just as well for short positions (-).
The Super Alpha indicator can be used on all time frame charts and instrument types.
Settings
It is important that you adjust and optimize the indicator settings for the instrument and time frame you are trading. Each financial instrument has its own rhythm, so you need to adjust and fine-tune settings to optimize the trading signals. You can tune and tweak the indicator settings to improve signal generation accuracy. Settings can sometimes be very individual, depending on your trading style and time frame used.
The default settings of the Super Alpha indicator are optimized for use on all time frames. If you use the indicator to trade lower or higher time frames, you may need to adjust the default settings to optimize it for your trading style and instrument type.
How to use:
1. Use on any instrument and time frame (fine-tune Settings).
2. When ‘Buy’ signal is confirmed (Green triangle, up ▲) –> enter Long position.
3. When ‘Exit’ signal is confirmed (Red triangle, down ▼) –> exit Long position (or go Short).
4. Exit also when -> trade hits your profit target/limit or stop loss (determined by user).
IMPORTANT: Wait for candlestick close to ensure signal is a confirmed signal!
Exactly how the indicator is used varies from trader to trader. When interpreted correctly, a trader can initiate new positions in the direction of the new trend and exit before the trend reverses. It can be used as a scalping tool in shorter time frames, but also as a timing indicator for day trading or swing trading strategies.
This indicator has been developed to work with regular bar candles, but we also recommend that you use it with Heikin Ashi candles or Line Break bars to filter out as much noise as possible and as these often have an improved ability to capture high-quality trends.
⚠ If you are new to trading and/or technical analysis in general, we always recommend a demo account (“paper-trading”) until you become familiar with how to use the indicator.
Super Alpha is a non-repainting indicator (meaning that signals do not change or disappear after bar close).
When using the Alert function, use the “Once Per Bar Close” configuration and wait for bar close to confirm entry/exit signal.
僅限邀請腳本
只有經作者授權的使用者才能訪問此腳本,且通常需付費。您可以將此腳本加入收藏,但需先向作者申請並獲得許可後才能使用 — 點擊此處了解更多。如需更多詳情,請依照作者說明或直接聯繫TradingCanyon。
請注意,此私人、僅限邀請的腳本尚未經過腳本管理員審核,其是否符合社群規範尚無定論。 除非您完全信任其作者並了解腳本的工作原理,否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
Get access here: https://www.tradingcanyon.com/
If you have any questions, please contact TradingCanyon at email: info@tradingcanyon.com
提醒:在請求訪問權限之前,請閱讀僅限邀請腳本指南。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
僅限邀請腳本
只有經作者授權的使用者才能訪問此腳本,且通常需付費。您可以將此腳本加入收藏,但需先向作者申請並獲得許可後才能使用 — 點擊此處了解更多。如需更多詳情,請依照作者說明或直接聯繫TradingCanyon。
請注意,此私人、僅限邀請的腳本尚未經過腳本管理員審核,其是否符合社群規範尚無定論。 除非您完全信任其作者並了解腳本的工作原理,否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
Get access here: https://www.tradingcanyon.com/
If you have any questions, please contact TradingCanyon at email: info@tradingcanyon.com
提醒:在請求訪問權限之前,請閱讀僅限邀請腳本指南。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。