BRT Signals Buy / Sell v2

21. Sept.

Title: BRT Signals Buy/Sell v2

Description:

The BRT Signals Buy/Sell v2 script is an innovative and original trading indicator designed to generate precise buy and sell signals by uniquely combining several advanced technical analysis tools. This script introduces new methodologies not found in existing public scripts, offering traders enhanced accuracy and customization.

Key Original Features:

Proprietary Mean Reversion Channel (MRC) Oscillator:

Unlike traditional oscillators, our MRC oscillator is developed using a customized SuperSmoother function, transforming the mean reversion concept into a dynamic oscillator ranging from 0 to 100.
This unique approach allows for more responsive detection of overbought and oversold conditions, setting it apart from standard oscillators.
Advanced Moving Average Options with Jurik Moving Average (JMA):

Incorporates the Jurik Moving Average (JMA), an advanced MA that offers low lag and high smoothness, which is rarely included in public scripts due to its complexity.
Provides multiple MA types (EMA, SMA, RMA, VWMA, WMA, Wilders MA, JMA) for unparalleled customization, enabling traders to fine-tune the indicator to their specific strategies.
Enhanced ADX Trend Strength Filter:

Integrates a custom implementation of the Average Directional Index (ADX) with proprietary modifications to measure trend strength more accurately.
Our script's ADX filter reduces lag and improves the detection of strong trends, a feature not commonly available in other indicators.
Dual Signal Sensitivity Filters:

Introduces two types of signal sensitivity filters (Signal Sensitivity Type 1 and Type 2) that can be independently enabled or disabled.
This dual-filter system is a novel feature that allows for refined control over signal generation, enhancing the script's adaptability.
Sophisticated Labeling and Alert System:

Features a customizable labeling system with various styles and sizes, providing clear and immediate visual cues on the chart.
Includes meticulously configured alert conditions that work seamlessly with the script's unique logic, ensuring timely notifications.
How It Works:

Buy Signal:

Generated when the proprietary MRC oscillator value increases compared to its previous value, indicating upward momentum detected by our unique algorithm.
Price is above the selected moving average (if the EMA filter is enabled), confirming a bullish trend with enhanced precision due to the advanced MA options.
ADX conditions are met using our improved calculation method, ensuring signals occur only during strong uptrends.
Sell Signal:

Triggered when the MRC oscillator value decreases compared to its previous value, signaling downward momentum identified by our custom oscillator.
Price is below the selected moving average (if the EMA filter is enabled), confirming a bearish trend with greater accuracy.
ADX conditions are met, indicating strong downtrends, thanks to our proprietary enhancements to the ADX indicator.
Original Concepts and Calculations:

Customized SuperSmoother Filter: Our version of the SuperSmoother filter is tailored to work specifically with the MRC oscillator, providing smoother and more responsive signals than standard implementations.

Proprietary ADX Enhancements: We have modified the traditional ADX formula to better capture trend strength and direction, reducing lag and improving reliability in various market conditions.

Integration of Advanced Indicators: The script uniquely combines advanced indicators like JMA and our custom MRC oscillator, offering functionalities not found in other public scripts.

Usage Instructions:

Parameter Configuration:

Lookback Period: Adjusts the sensitivity of the Mean Reversion Channel to suit different market conditions.
Timeframe Selection: Analyze different timeframes independent of the chart's timeframe for multi-timeframe analysis.
MA Length and Type: Choose from various moving averages, including the advanced JMA, to align with your trading preferences.
Signal Sensitivity Filters: Enable or disable the EMA and ADX filters to refine signal accuracy based on your strategy.
Visual Aids and Alerts:

Customize label styles and sizes for optimal visualization on the chart.
Set up alerts using the built-in alert conditions to receive real-time notifications aligned with the script's unique logic.
Benefits of Originality:

Enhanced Signal Accuracy: The unique combination of advanced indicators and proprietary calculations reduces false signals, improving the quality of trading decisions.

High Adaptability: The script's extensive customization options allow it to be adapted to various assets, timeframes, and trading styles, making it suitable for a wide range of traders.

Unique Analytical Approach: By introducing new methodologies and integrating advanced technical tools in a novel way, this script provides traders with insights not available in other indicators.

Disclaimer:

This indicator is a unique tool developed to assist traders in making informed decisions. It should be used in conjunction with other analysis methods and does not guarantee profitable results. Always practice proper risk management and due diligence.