NEW LuxAlgo Price Action Concepts Indicator (Full Overview)This new all-in-one indicator includes first-of-its-kind price action concepts including Order Blocks w/ volume data, real-time market structure (BOS, CHoCH, EQH/L) w/ ‘CHoCH+’ being a more confirmed reversal signal, a MTF dashboard, Trend Line Liquidity Zones (real-time), Chart Pattern Liquidity Zones, Liquidity Grabs, and much more detailed customization to get an edge trading price action automatically. Price action trading is a widely respected method for its simplicity & realistic approach to understanding the market itself. This indicator is an extremely comprehensive approach that opens the possibilities for any trader to automatically display useful metrics for trading price action with enhanced details in each.
The free FluidTrades – SMC Lite Indicator seems like a winner. I’ll be testing it and posting the results here and on my notes section
World’s BEST Backtesting System REVEALED (LuxAlgo)BETA is now closed. This revealing video is a first glance into a new product we’re developing. For announcements & updates, join https://discord.gg/lux
We made a premium strategy system on TradingView that allows users to easily find & create optimized trading strategies like never before. We pioneered the ‘all-in-one indicator’ concept. It was only a matter of time before we revolutionized strategy scripts.
There are thousands of strategy scripts.. but nothing like this has ever been conceptualized before. A full system to directly optimize & backtest LuxAlgo Premium features + any indicator you want, all within 1 script on TradingView.
Backtests are not necessarily indicative of future results.
Although, a trader may want to use a strategy script to have a deeper understanding of how their strategy responds to varying market conditions, or as a tool for identifying possible flaws.
This new system includes some of the most game changing features ever made in a strategy script:
– Full Sensitivity & Agility optimization within the dashboard to provide Best Win rate or Best Profits.– Counter Trade Mode to reverse signals in undesirable market conditions.– 10+ built-in filters with indicator overlays / metrics from LuxAlgo Premium– Built-in exit points for buy & sell signals– External source input to filter signals or set custom Take Profits or Stop Losses– Optimization Matrix to visualize settings optimization
Full product overview: https://luxalgo.com/backtesting-system
The BEST Time Frame for Trading (Beginners Tutorial)To put it simply, there is no “best” timeframe for trading. It simply doesn’t exist. The truth is, you should never trade one timeframe itself and you should be doing top-down analysis