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Indicator AlgoPoint Remake Elite Algo for TradingView

Indicator AlgoPoint Remake Elite Algo for TradingView

Original price was: $17.00.Current price is: $6.00.

The AlgoPoint Remake Elite Algo is a trading indicator developed for the TradingView platform. It is designed to assist traders by identifying potential buy and sell signals, analyzing trends, and providing other features to support trading decisions. It’s essentially a recreated or inspired version of the original “Elite Algo” concept, focusing on providing advanced technical analysis features within the TradingView environment. 

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Description

The AlgoPoint Remake Elite Algo is a trading indicator developed for the TradingView platform. It is designed to assist traders by identifying potential buy and sell signals, analyzing trends, and providing other features to support trading decisions. It’s essentially a recreated or inspired version of the original “Elite Algo” concept, focusing on providing advanced technical analysis features within the TradingView environment. 

Here’s a closer look at its potential features and workings:
1. Calculation and logic
  • The indicator likely uses a combination of technical analysis methods to generate signals. One documented example involves processing price data through stages like Volume Weighted Moving Average (VWMA), Volatility Normalization (using ATR), and Trend Strength Calculation based on price deviation from the VWMA.
  • It may incorporate volatility calculations like Close-to-Close, Parkinson, and Garman-Klass volatility measures.
  • Other versions might involve Supertrend and Exponential Moving Averages (EMA) for filtering signals and identifying trend direction. 
2. Visual features
Visual features may include a Trend Strength Area histogram, a VWMA Line, a Threshold Line, and a subtle Background Highlight when the trend strength surpasses the threshold. It may also color candles based on trend direction and display Buy & Sell Signals on the chart. 
3. Customization and settings
The indicator typically offers various customization options. Users can adjust elements like the dashboard location and size, signal sensitivity, and color settings. Other potential settings include adjusting the length of the VWMA and ATR, configuring alert triggers, and refining the “Trend Enter” threshold. Some versions might also include filters for breakouts and options to display swing points. 
4. Integration and availability
The AlgoPoint Remake Elite Algo is designed for use exclusively on the TradingView website and mobile application. It is often an “invite-only” script, requiring access from the author, usually after payment. It is generally compatible with a wide range of financial instruments and works across all timeframes available on TradingView. 

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