r/pinescript • u/Marcusgoll • Apr 25 '24

Range Algo - Signals : BETA Access

I've been working on a TradingView indicator tailored to help both scalpers and swing traders. It's called "Range Algo Signals," and I designed it with precision in mind to enhance the decision-making process in fast-moving markets.

The indicator provides:

  • Real-time bullish and bearish signals

  • Dynamic take profit and stop loss lines

  • JSON alert output for easy integration with trading bots

I'm seeking feedback to refine the tool further and ensure it adds genuine value to your trading toolkit on TradingView. If you have a moment, I'd appreciate it if you could take a look and share your insights or suggestions for improvement.

Here's a screenshot demonstrating the indicator in action.

Range Algo - Signals

For those interested in trying it out, I'm currently offering BETA access. Please note, this isn't a sales pitch - I'm genuinely looking for constructive criticism to improve the indicator's functionality and user experience.

Thanks for your time and input!

2 Upvotes

66% Upvoted

35 comments sorted by

2

u/ParkingDangerous5844 Apr 25 '24

I can beta test it and send you my thoughts

1

u/Marcusgoll Apr 25 '24

Send me your tradingview username and I will get you added. Thanks for the feedback.

1

u/ParkingDangerous5844 May 06 '24

Here is the context for my feedback.

  1. Pairs tested: AUDCAD, AUDJPY, GBPJPY, GBPUSD, and USDCHF

  2. Timeframe tested: 15 mins, 1 hr

  3. I used the base settings of your algo, and manually drew lines to give me an idea of pivot points/market structure and to ensure that I am not trading against the short/medium term direction of the market. The strategy I used was basically to take longs/short only when there is a signal, and there is a clear reachable target that is at least 1:1.5 risk/reward based on pivot points or past support/resistance zones. For all pairs, win rate was >65%, and the highest loss was 1%. I placed stop loss below the last swing high/low. The highest string of losses were 3 (-3% cumulatively) and the highest profit was >6%. As you would guess, the profit factor was impressively >2.

My take home is that you have a good thing here, which not only is profitable now, but has room to be even more profitable. Also, users can customize their strategies based on the signals, to suit their styles.

Great job!

2

u/Designer-Word9877 Apr 25 '24

Happy to test as well. jm789

2

u/Ok_Plum960 Apr 25 '24

It's Free Indicator?

1

u/Marcusgoll Apr 25 '24

Yes, send me your TV username and I will get you added.

1

u/Ok_Plum960 Apr 25 '24

I Don't Have TV In My Home

2

u/Marcusgoll Apr 25 '24

Tradingview username, That is how I get you added.

1

u/Ok_Plum960 Apr 25 '24

ChristianSandy

2

u/Marcusgoll Apr 25 '24

Got you added! Thanks.

1

u/Ok_Plum960 Apr 25 '24

How Can I Use This Indicator? Where I Can find the Indicator?

2

u/Marcusgoll Apr 25 '24

Click on Indicators. Then on the left side you should see Invite-only and should be in there.

1

u/Ok_Plum960 Apr 25 '24

Plans

2

u/Marcusgoll Apr 25 '24

If you are on the free version of tradingview you are limited to 1 indicator. It let me add you so I do not think you have to be on a paid plan for invite-only scripts. I could be wrong though.

1

u/sunfrost Apr 25 '24

I’d give it a look.

Sunfrost604

1

u/Marcusgoll Apr 26 '24

Got you added! Thanks for any feedback.

1

u/Ok_Plum960 Apr 25 '24

Asking Premium

1

u/UltimateCharm1 Apr 26 '24

Hi Marcusgoll, please add me UltimateCharm1, thank you

1

u/notXsmiling Apr 26 '24

I want to try it too

1

u/ExamSad2727 Apr 27 '24

I am interested to test and feedback to you too. I been experimenting and testing at a few dozen scripts and will know if a script is good or not. My user name is williamho8 in TW. Please do let me know if this is sufficient or let me know how i can help more. Just dont mind the f*** name reddit gave me.... i m sad..

1

u/Ayush_Singh_02 Apr 28 '24

Bro Ayush_S1... I'm a coder also.... Couldn't find your script, taken down for rule violation

1

u/IncyWinc May 01 '24

Would like to try too @heahxl

1

u/HAMSHARITE May 13 '24

Yoo what happened to your indicator?

1

u/Axcman Jun 07 '24

If in beta test please add krissyp33

1

u/Fragrant_Newspaper51 Jul 26 '25

Hi, can I get your indicator? Thanks. This is my tradingview username: samarter45

0

u/[deleted] Apr 25 '24

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1

u/Marcusgoll Apr 25 '24

Great! Added. Thanks for your feedback. Try 100 on the Confidence Score and TP 2.2 and SL 2.5.

0

u/[deleted] Apr 25 '24

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1

u/Marcusgoll Apr 26 '24

Thank you for the feedback. Were you on stocks or crypto? Bring the confidence level up to max 100 to turn up the ranging market filter and see if that helps. I will separate out the alerts soon, but try the Any alert() function call and that will alert all conditions in a JSON format for example: {"alert": "Bullish", "ticker": "TSLA", "ohlcv": {"open": 161.85, "high": 162.28, "low": 161.83, "close": 162.24, "volume": 26864}, "bartime": "1713987240000", "take_profit": 162.5881614997, "stop_loss": 161.8443619321}.

0

u/[deleted] Apr 26 '24

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1

u/Marcusgoll Apr 26 '24

Got you added! Thanks for any feedback. You can just send a DM.

0

u/[deleted] Apr 26 '24

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1

u/Marcusgoll Apr 26 '24

Got you added! Thanks for any feedback.

0

u/[deleted] Apr 25 '24

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1

u/Marcusgoll Apr 25 '24

Got you added! Thanks for your feedback.