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Million Moves Algo v4.3
🧠 Million Moves Algo v4.3 – Technical Description
🎯 General Purpose
The "Million Moves Algo v4.3" is a multi-functional trading indicator designed to identify high-probability buy and sell signals, combining trend-following, reversal detection, and volatility analysis. It’s built for both day trading and swing trading, with a strong focus on signal clarity and adaptability.
🧩 Core Components
✅ 1. Main Trade Signals
Buy/Sell Signals:
Triggered by crossovers with a customized SuperTrend algorithm.
Filtered using short-term SMAs (8, 9, 13) and signal strength (measured relative to ATR).
Includes spacing control (signalSpacing) to avoid cluttering the chart.
Two display modes:
"All Signals": shows all valid signals.
"Smart Signals": filters and displays only the strongest/high-conviction signals.
Reversal Signals (Reversal Up / Reversal Down):
Based on RSI crossovers with overbought/oversold levels (75/25).
Trigger only if signal strength and spacing filters are met.
Ideal for identifying early trend shifts.
✅ 2. Trend Management Tools
200 EMA: used as a long-term trend filter.
Trend Ribbon:
A visual trend band made of multiple EMAs (25 to 55).
Colors shift dynamically: pink for bullish trends, cyan for bearish.
Trend Cloud:
Formed by EMAs 150 and 250.
Green when EMA150 > EMA250, red when the opposite.
Chaos Trend Line:
Uses EMA(20) and EMA(55) crossover to define overall trend direction (uptrend or downtrend).
✅ 3. Informative Dashboard
Displays:
Current volatility level (Very Low, Low, High, Very High), based on a custom ATR/stdev formula.
RSI value in real-time, with green if RSI > 50 and red if RSI < 50.
Users can customize the position and size of the dashboard.
✅ 4. Optional: Risk Management with TP/SL
Built-in section prepared to show:
Take-Profit levels: TP1, TP2, TP3
Stop Loss based on ATR multiples.
Risk module is present but not fully implemented visually yet.
Can be enabled through the input panel (riskmanage, tpstrength).
⚙️ Key Customizable Parameters
Signal Sensitivity: Controls frequency of signal triggers (higher = fewer signals).
Minimum bar spacing between signals.
Signal strength filter (based on distance from SuperTrend).
Candle color/style: options include trend-based, MA-based, or "CleanScalper".
Enable/disable visual tools: Trend ribbon, trend cloud, chaos line, moving average, dashboard, etc.
🔔 Alerts
The script includes ready-to-use conditions for:
Buy Signals
Sell Signals
Reversal Up
Reversal Down
These are currently commented out but can be activated by simply uncommenting the alertcondition() lines.
👨💻 Best Suited For...
Intraday traders operating on short timeframes (1min, 5min, 15min, 1h).
Swing traders seeking strong trend confirmation or early reversal opportunities.
Traders who prefer a structured, visual trading system with customizable behavior.
🎯 General Purpose
The "Million Moves Algo v4.3" is a multi-functional trading indicator designed to identify high-probability buy and sell signals, combining trend-following, reversal detection, and volatility analysis. It’s built for both day trading and swing trading, with a strong focus on signal clarity and adaptability.
🧩 Core Components
✅ 1. Main Trade Signals
Buy/Sell Signals:
Triggered by crossovers with a customized SuperTrend algorithm.
Filtered using short-term SMAs (8, 9, 13) and signal strength (measured relative to ATR).
Includes spacing control (signalSpacing) to avoid cluttering the chart.
Two display modes:
"All Signals": shows all valid signals.
"Smart Signals": filters and displays only the strongest/high-conviction signals.
Reversal Signals (Reversal Up / Reversal Down):
Based on RSI crossovers with overbought/oversold levels (75/25).
Trigger only if signal strength and spacing filters are met.
Ideal for identifying early trend shifts.
✅ 2. Trend Management Tools
200 EMA: used as a long-term trend filter.
Trend Ribbon:
A visual trend band made of multiple EMAs (25 to 55).
Colors shift dynamically: pink for bullish trends, cyan for bearish.
Trend Cloud:
Formed by EMAs 150 and 250.
Green when EMA150 > EMA250, red when the opposite.
Chaos Trend Line:
Uses EMA(20) and EMA(55) crossover to define overall trend direction (uptrend or downtrend).
✅ 3. Informative Dashboard
Displays:
Current volatility level (Very Low, Low, High, Very High), based on a custom ATR/stdev formula.
RSI value in real-time, with green if RSI > 50 and red if RSI < 50.
Users can customize the position and size of the dashboard.
✅ 4. Optional: Risk Management with TP/SL
Built-in section prepared to show:
Take-Profit levels: TP1, TP2, TP3
Stop Loss based on ATR multiples.
Risk module is present but not fully implemented visually yet.
Can be enabled through the input panel (riskmanage, tpstrength).
⚙️ Key Customizable Parameters
Signal Sensitivity: Controls frequency of signal triggers (higher = fewer signals).
Minimum bar spacing between signals.
Signal strength filter (based on distance from SuperTrend).
Candle color/style: options include trend-based, MA-based, or "CleanScalper".
Enable/disable visual tools: Trend ribbon, trend cloud, chaos line, moving average, dashboard, etc.
🔔 Alerts
The script includes ready-to-use conditions for:
Buy Signals
Sell Signals
Reversal Up
Reversal Down
These are currently commented out but can be activated by simply uncommenting the alertcondition() lines.
👨💻 Best Suited For...
Intraday traders operating on short timeframes (1min, 5min, 15min, 1h).
Swing traders seeking strong trend confirmation or early reversal opportunities.
Traders who prefer a structured, visual trading system with customizable behavior.
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
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。
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。