AltTrader Scalp & Swing

10. März 2021

PLEASE READ THIS DESCRIPTION TO SAVE TIME AND UNDERSTAND WHAT THIS INDICATOR DOES


Hello Tradingview World!

It is us, AltSignals, and we're back after many months of working on a new indicator script for anyone to try! Just message us and we will add you to test it out, all feedback is highly appreciated as we're always trying to improve the script.

This script was designed for Cryptocurrency pairs as we know how much you guys love crypto! However it will work on other markets. The AltTrader script uses various indicators in conjunction with each other but the most prominent one is ATR! ATR is truly a secret indicator that many people do not incorporate into their trading strategy, but I have found it to be a great tool for finding trends and predicting tops!

I have made sure to include Take profit 1, Take profit 2 and Stop loss options for AltTrader, this means you can adjust the settings based on percent, make sure to use the measure tool in TradingView if you need to find out the percentage gap of a move. Generally with Crypto pairs the percent moves will be more so 1-5% and with forex much smaller 0.1-0.5% for example.

I have also added in a Power setting which allows you to increase or decrease the number of alerts, the default is set at 100, but you can do it as low as 1 and as high as 500 or more. But remember too many alerts is a curse and over trading may be detrimental to a users performance!

This indicator was designed to work in both small and high timeframe scenarios allowing you to catch small scalp moves and large trend moves, my personal favourite timeframes 15m and 1hr for lower timeframes and 4hr to 1D for higher timeframes. I know it can be tempting to use a low timeframe like 1 minute but there will be a lot of choppy indirection. You don't want to be sitting there all day trading, jumping in and out of every move there is.

I hope this has cleared up some questions for the indicator and I will be happy to answer more over Tradingview Private Messenger if needed. Please message me if you would like a trial as I am looking for feedback as well.
Thank you
AltS Team

11. März 2021

Versionshinweise

This new version has some very minor but important changes, you can now setup alerts for Take profit and Stoplosses! I have also made the background shading smoother.
Cheers

3. Mai 2021

Versionshinweise

Hello Members and tradingview!

This slightly updated version of our script has a few minor but important changes:

Core update now measures the true take profit and stoploss from the bar closing rather than opening! Meaning the tp and sl will be accurate. We have also made them be displayed by a line which means it easy for manually backtesting. Some other minor things we disabled the shading by default to keep the indicator clean, and we added in connectors so it will work with other scripts.

Enjoy!
AltSignals team

5. Mai 2021

Versionshinweise

Hello World

Another killer update!!!

We now have predefined settings for your convenience

Also we have a trailing stoploss setting so you can manually back test easily!

More updates coming

Enjoy!

5. Mai 2021

Versionshinweise

Another minor update to provide more information on the UI panel

9. Mai 2021

Versionshinweise

Some more nice updates here, mainly being tp3 and 4 added, along with trailing too, some design updates too

Thanks
AltSignals Team

10. Mai 2021

Versionshinweise

Small tweak fixing the AiO (All in one) alert

28. Juni 2021

Versionshinweise

Major new update for this amazing script

Now with a trend trading feature to smooth the buy and sell alerts so you can enjoy less false signals and trade WITH the trend which is a better way to trade imo

Enjoy gents

10. Aug. 2021

Versionshinweise

V4 Updates launched

Changelog:
- added second AltFilter - now you can use one or two AltFilters simulaneusly
- add MultiMA - very powerful bunch of different MAs to filter signals given by main algo. BUYs only allowed above MA, SELLs only below.
- TPs and SL can be set as percent (default) or as pips (Forex market), for pips you have to choose pip value i.e 0.0001 for most currency pairs (excluding JPY)
- added option to offset entry value send in alert to make sure order will fill (for BUY -% value is added to algo entry price, for SELL it is substracted)
- COOS (Close on opposite signal) function recoded - now it works always (only LONG, only SHORT, LONG and SHORTS). If checked algo close trade when hit SL/BE or the highest TP or opposite signal appear. When turned off trade will stay opened till hit SL/BE or the highest TP.

11. Aug. 2021

Versionshinweise

Minor bug fixes
Changelog:
- fixed "Entry price" bug. Before fix when "Use % offset to entry price" wasn't checked alert show null instead of entry price.

16. Aug. 2021

Versionshinweise

- fixed BE calculation in rare situation where BE hit next candle after TP linked with BE hit. Shouldn't have big impact on results.

25. Nov. 2021

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Added Peak profit
Added Days Of Week and Timezones Filtering

26. Nov. 2021

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Shaded signals for disabled days
Fixed minor trailing SL issue

28. Nov. 2021

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Hotfix for situation when only LONG or SHORT mode and COOS turned off and SL set to 0 (disabled).

2. Dez. 2021

Versionshinweise

v4.54 - added Note field, problem with trades which stay above 5000 candles should be fixed now, some styling in settings menu, added TSL label when SL hit stop moved above BE price by trailing stoploss function, removed alerts for trend in study.

6. Dez. 2021

Versionshinweise

v4.55 - fixed trailing SL - choosing start TP not worked.

15. Dez. 2021

Versionshinweise

v4.56 - fixed problem with study error: "The study references too many candles in history [number]."

30. Dez. 2021

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New Colouring for peak profit and emojis added

6. Jan. 2022

Versionshinweise

Changelog v4.6:
- added ATR as a way to calculate TPs and SL (put multiplier of ATR you want to use into TPs and SL inputs)
- fixed problem of "nulls" in alerts messages caused by dashed line option for TPs and SL

31. Jan. 2022

Versionshinweise

Chnagelog v4.7:
- finally we have TPs/SLs for longs and shorts separately. Also predefined sessions for Asia, Europe and USA.
- small fixes for dashed line and detecting if SL is used when only long/short and COOS turned off.

7. März 2022

Versionshinweise

Changelog v4.83:
- reworked Sessions - now algo not shows any signals in out of session period, TPs and SL still can hit
- reworked settings layout
- fix of BE function (sometimes order quantity was not correct - very rare)

7. März 2022

Versionshinweise

Small fix

8. März 2022

Versionshinweise

Fixed flat chart bug

25. März 2022

Versionshinweise

AltAlgo Pro & AltAlgo Pro Tester v5.0
We've just made our perfect AltAlgo even better. Current update not only migrates code of AltAlgo to the newest pine script version which is v5 but it also add new feature which is SuperTrend filter. SuperTrend is popular indicator based on ATR multiplier and ATR length. In most cases it is used to trail stoplosses. We've taken different approach and add it as a trend filter. Rules are the same as usage of MultiMA, If the current price is above SuperTrend only BUYs are allowed, below SuperTrend only SELLs are allowed. Our implementation of SuperTrend is MTF (multi timeframe) which means you can take it from timeframe equal to chart timeframe or higher i.e your chart is 5min but you can use SuperTrend from 15min or 1h timeframe to get better trend indication. To use this awesome brand new feature just mark checkbox near SuperTrend and choose Multiplier (default 3) and ATR Period (default 10). If you do manual trading you can also only plot SuperTrend - just leave unchecked