LuxAlgo Signals & Overlays™ Indicator
LuxAlgo Signals & Overlays Indicator is a powerful all-in-one tool with over 20 advanced features, specifically designed to deliver actionable trading signals and dynamic graphical overlays. Built to meet the technical analysis needs of traders at every level, this indicator provides relevant, real-time data for smarter decision-making.
Created by TradingView Pine Script Wizard with the creativity of alexgrover, this is the first fully comprehensive script of its kind, engineered from the ground up to deliver a complete trading solution.
Why Choose Signals & Overlays™ Indicator?
Unlike many tools that are limited to specific market conditions, Signals & Overlays™ is designed to function as both a standalone solution and a complementary tool to your existing trading strategies. Every feature has been carefully crafted with the understanding that no single technical indicator works in all market conditions.
This makes Signals & Overlays™ a flexible choice for any trading style.
How to Use Signals & Overlays™
The best way to take advantage of this indicator is to explore its wide range of features over time and then select the 2–3 features that fit your personal trading style. By combining these elements, you can build a unique and personalized trading strategy.
Key Features Signals & Overlays™
Signals & Overlays™ comes packed with powerful tools that can be applied to any market for discretionary analysis:
- User-Friendly Presets – Activate multiple features with one click, while locking other settings for simplicity.
- Confirmation Signals – Normal and strong signals to help verify trends (not to be followed blindly).
- Reversal Signals – Normal and strong signals to identify potential turning points (also not to be followed blindly).
- Exit Signals – “X” markers applied to both confirmation and reversal signals, suggesting potential profit-taking zones.
- Signal Optimization Tools – Sensitivity/Agility settings, an optimized sensitivity parameter displayed on the dashboard, and Autopilot for dynamic adjustments.
- Candle Coloring – Purple/Green/Red color scheme to highlight evolving trends across “normal” and “strong” signals.
- 6+ Overlay Indicators – Visual aids for trend recognition, reversal spotting, and dynamic support/resistance zones.
- Preset Filters – Allow traders to filter confirmation signals using overlay indicators and LuxAlgo Premium metrics.
- Comprehensive Dashboard – Actionable metrics including trend strength, current volatility, volume analysis, and more.
- Advanced Settings – Adjustable TP/SL levels, further signal optimization controls, and customizable dashboard size/position.
- Any Alert() Integration – Full compatibility with TradingView’s alert system.
- Filtered Alert Builder – Create custom alerts using overlay filters and advanced conditions.
With these features, Signals & Overlays™ unlocks endless possibilities for traders of all styles, empowering you to perform more accurate technical analysis and craft your very own strategy.
Latest Update of Signals & Overlays indicator
October 6, 2024 (Version 6.4): The latest release of Signals & Overlays™ has been added to the platform. Existing users can now download the updated version.
See It in Action
You can view a live demonstration of this indicator directly on TradingView to better understand its full capabilities.