[NLX-L3] Alerts
This alert module is part of my powerful and flexible modular trading framework.
It can be used with any indicator that has a signal plot output (1 = long / -1 = short)
This trading framework is the result of many years experience building indicators and trading strategies.
I couldn’t find a trading framework in Pine Script that would suit my needs and so I started to design my own from scratch. I’m trading with this framework myself so I’ve made sure that it’s flexible and absolutely reliable in a live-trading environment.
- Architecture -
What makes this framework so flexible is the modular architecture, different layers that all serve a very specific purpose.
You will notice that the module names include either L1 - L2 - L3:
- Layer 1 (L1) is the base layer and the foundation. L1 indicators are used to determine the trend, volume profile and filter noise. You would use L1 to see if it’s a good time to trade, what is the direction - or if it's better to trade at all in unfavourable conditions
- Layer 2 (L2) receives the result of L1 and if the market conditions are good the L2 indicator looks for an optimal entry point to go long or short. It is possible to combine several L2 indicators and trigger a long/short signal only if all L2 indicators agree.
- Layer 3 (L3) receives the final signal from L2 and it’s where we can now backtest the result of our trading strategy and trigger trade alerts with help of the alert module.
- Features -
- External Input Source (any indicator with signal plot can be used)
- Safe Entries Option: Enter a trade only if the position is profitable ad the momentum allows
- Pyramid Entries
- Partial Take-Profit: %-Step Interval and Quantity per Step
- Stop Methods: Trailing Stop, TP/SL with ATR Option, several type of stop bands...
- Profit/Loss Label with Fee, Slippage and Leverage Calculation
- Additional Modules -
- L3 - Backtest Module
- L2 - Noise Filter
- L2 - QQE++
- L1 - Trend Index
- Trend Matrix (Coming soon)
- Dynamic Range Breakout (Coming soon)
- Breakouts & Pullbacks
- Request Access -
Contact me - see my signature below
- Improved Stop Bands & Better Bands
- Fixed: Stop Bands Lookback Issue
- Stability Improvements
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact nilux directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact nilux directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.