Speed Signals
Concept Work-in-Progress – Open Script
This is Speed Signals, a trading companion designed to enhance your decision-making process with chart signals. This script is an ongoing project, built with the help of AI, and I wholeheartedly invite the community to contribute with feedback, ideas, or improvements to make it even better.
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What Does the Script Do?
Speed Signals simplifies market analysis by providing intuitive entry and exit signals directly on your chart. The script uses a combination of trend detection and momentum analysis to identify potential opportunities for entering or exiting trades.
The script dynamically adapts to different market environments, offering a customizable dropdown to select from multiple volatility modes, ensuring it suits a wide range of trading instruments – from low-volatility assets to highly volatile markets like cryptocurrencies.
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Key Features
1. Smart Entry and Exit Signals:
Identify potential moments to enter or exit a trade based on market trends and momentum shifts.
2. Trend Awareness:
Built-in trend detection using EMA helps you understand whether the market is leaning bullish or bearish.
3. Customizable Parameters:
Adjust settings for different volatility levels with ease, tailoring the strategy to your preferred instruments or trading style.
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Important Notes
- Could be highly inaccurate: This script is a work-in-progress and may not always generate signals under certain market conditions.
- Paper Trading Recommended: Test the script in a risk-free paper trading environment before considering live use.
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Thank you for exploring Speed Signals! Let’s shape this tool together – your ideas and contributions are always welcome. Happy trading! 🚀
Known issues:
- Exit signals don't always appear
- Yet to find the best combination of indicators for signals output
Tested on:
- 15s timeframe, 1m timeframe, 15m timeframe. Could work on higher timeframes, please let me know of changes we could make.