101# Money Algorithm Indicator TradingView
MONEY ALGORITHM", is a technical analysis indicator designed for trend following and momentum-based trading. It incorporates multiple components, including trend filters, pullback signals, risk management tools, and alerts.
Setup Indicator
Time Frame 1 - 3 minutes only New York Sessions.
5 , 15 30 minutes time frame.stock market, Stock Indices.
The script features:
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Signal Generation: It provides buy and sell signals based on crossovers of various moving averages, support/resistance zones, and trend momentum.
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Trend Filtering: Uses Exponential Moving Averages (EMA) and Supertrend indicators to confirm trend direction.
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Pullback and Contrarian Signals: Detects reversal opportunities using RSI-based divergence and wave trend oscillators.
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Cloud Trading Setup: Implements a trend cloud, which acts as a dynamic support/resistance area.
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Risk Management: Includes take profit (TP) and stop-loss (SL) levels, trailing stop mechanisms, and alert notifications.
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Multi-Timeframe Analysis: Checks higher timeframe trends to enhance signal reliability.
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Dashboard Panel: Displays market state, volatility levels, institutional activity, and trading sessions.
How the Algorithm Can Be Used for Trading
The script can be utilized for multiple trading strategies, including:
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Trend Following: Enter trades when price confirms a bullish or bearish trend based on trend cloud positioning and moving average crossovers.
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Scalping & Day Trading: Uses faster settings for cloud detection and Supertrend parameters to catch short-term market moves.
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Swing Trading: Traders can rely on stronger trend signals and RSI divergences to capture longer market movements.
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Contrarian Trading: Allows buying dips and shorting tops based on oversold/overbought conditions.
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High Volume only signals.
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Strong Signals only.
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Minimal is defalut setting, The previous features cannot be applied to minimal
The alerts system helps automate trade execution by notifying the trader when conditions align with the strategy.
If you are interested in this 'TradingView indicator' write to us at this email: fxstrategiesresources@gmail.com
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