V2.8 - Predictive S/R Levels, Bands Mode, Efficiency Updates & More! 😮

🔥 Added Predictive Support/Resistance - we've upgraded our S/R levels feature to now be predictive and plot in real-time See it working in action & read more on this new extremely powerful & unique feature here: (link)

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🔥 We now have Bands Mode via the input settings which categorizes our Equalizer Bands with our new Reversal Zones You can see them in the image below and learn more about Bands Mode: https://luxalgo.com/apps/help-center#!hc-bands-mode

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➡️ Lux Dashboard is now transparent & positioned away from the candles so it's less intrusive for the user. :CrazyBlob: It also includes a Directional Matrix Mode setting of SMA, WMA, and Linear Regression. Read more here: https://luxalgo.com/apps/help-center#!hc-lux-dashboard-new

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➡️ This update also includes major efficiency upgrades to our code which will reduce load times & error messages. :tools: "Use Heikin Ashi As Source" no longer locks sensitivity nor affects signals when HA candles are enabled, our Linear Regression has an efficiency & styling update, and Lux Market Control utilizes a new algorithm to detect the power of bulls vs bears as a percentage.

Enjoy!

V2.7 - Lux Market Control, Full Mutli-Timeframe + Trade Setup Features 📈

👉 Lux Dashboard now has a new feature called Lux Market Control which measures the strength of the bulls / bears from 0-100% (more explained here: https://luxalgo.com/apps/help-center#!hc-lux-market-control)

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➡️ Added a Trade Setup toggle option which displays our suggested stop-loss and two suggested Take Profit levels to help give you ideas when entering trades (not to be followed blindly, more explained in this article: https://luxalgo.com/apps/help-center#!hc-entries-risk-management)

👉 Added functionality to adjust the suggested stop-loss with our new SL ATR Multiplier setting

➡️Included R:R ratio setting for adjusting your TP zones to adjust your risk reward ratio for entries

👉 We also added Full multi-timeframe capabilities for signals and all toggle options which includes multi-timeframe auto-trend lines!

Lastly, we changed the name of Candles Optimization to "Use HA Source [Sensitivity Locked] to better display the function as it's meant for smoothing data on normal candlesticks only (while Heikin Ashi is disabled only).

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Update v2.6.1 ⚙️

Added the option to alert for "Any Buy" and "Any Sell" along with an option to change the position of the Lux Dashboard on your charts.

You can now position your dashboard to the top right, bottom right, top left, bottom left, or normal right.

V2.6 - Automatic Trend Lines & Linear Regression 👨‍🔬

Auto Trend Lines - By activating this setting, Lux will automatically find and plot relevant trend lines based on significant pivot points in any market. By zooming out and viewing more data on the chart, more trend lines will appear.

This is a useful tool for finding perspectives and significant areas of support or resistance you may not have been able to see without our algorithm.

Our Linear Regression line appears as a yellow dotted forecasting line that best fits the previous x data points. This gives the user a small insight into the possible average movements for the asset in the future.

We take the current linear regression line and forecast it into the future. This is directly enabled on any chart as a toggle option within our Lux Algo V2 script in TradingView.

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V2.5 - Signals Upgrade 🚀

Sensitivity - can be adjusted for reducing noise and decreasing or increasing the amount of signals per your chart. The higher the sensitivity the less signals appear. Best to adjust this first.

Agility - allows our algorithm to react more responsively to price movements - behaving like a subset of sensitivity. Best to adjust once Sensitivity is optimized.

Smoothing - increases/decreases the significance of more recent data so the newer candles will have more impact on the signals than older candles. Best to adjust once Sensitivity & Agility are optimized.

Default & suggested settings for Every Market = (4.25, 1.96, 20) - These settings have been decided by our team as the closest to a one-size fits all for every market but it is smart to adjust settings accordingly how you find them performing the best for your own trading style. Learn how to optimize settings here: https://luxalgo.com/apps/help-center#!hc-adjusting-input-settings

We've also adjusted our Suggested Stop-loss calculation to Lux Dashboard provide more reliable stop-losses.

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V2.4 - Lux Dashboard & Volatility 📊

Added Lux Dashboard - which appears next to the current price and displays the current signal, volume, trend, volatility, and a suggested stop-loss that changes as the market moves. (Trailing Stop-Loss) Lux Dashboard gives our users easy access to important data which allows them to immediately look for confluence across different aspects of our trading system.

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Added Lux Volatility - Lux Volatility measures the volatility levels of any given market from 0-100%. It's useful for spotting low volatility zones where it's likely smart to avoid trading or trusting a trend to occur.

Alongside our Lux Algo V2 signals, LV provides great confluence for when to fully trust an impulse move to occur as well as spotting extremes in the market where impulse moves are likely to end.

When volatility holds cleanly between the two zones 25% and 75% it is a good sign the trend has more room left to go and the move isn't finished just quite yet.

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V2.3 - Lux Oscillator Release 🌀

Added a new product to work in confluence with our main Lux Algo V2 script, called Lux Oscillator.

The Lux Oscillator is inspired by stochastics and market balance. The oscillator is a responsive ribbon which at times provides earlier signals compared to a normal stochastic . When the oscillator crosses over to become blue this is a bullish signal and when the oscillator crosses over to become red this is a bearish signal. It also is great for spotting divergences. This can give the user opportunities to enter earlier into positions.

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Lux Oscillator works great in confluence with our main script Lux Algo V2. It works on any market. It also excels in ranging markets and can be used on any timeframe.

As a part of our v2.3 update we also included another toggle option called 'Candles Optimization' which allows users to optimize their signals better for when using standard candlesticks over Heikin Ashi in most markets.

V2.2 - Alerts + Support & Resistance Levels 🆕

We added an alert called "ALERT ANY" which saves users the headache of managing different alerts for buy/sell.

Also included another toggle option that automatically labels support & resistance levels on any chart based on the 15 period highs / lows.

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V2.1 - Equalizer Band & more 🆕

  • Changed the smoothing factor for detecting strong signals which helps with avoiding false strong signals.

  • Removed "Positive / Negative cross" tags in order to remove clutter and put more focus on the candle coloring.

  • Added alert options for when normal signals turn strong based on candle coloring.

  • Added a toggle option for our "Equalizer Band" which is an option to display a 'twisting channel' inspired by Ichimoku for our users to trade with extra confirmation, avoid false signals, and have a better understanding of the market whether trending or ranging. When price holds above the band, market is considered bullish and strong buy signals are able to activate. When price holds below the band, market is considered bearish and strong sell signals are able to activate.

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  • Added a toggle option for "Gray Candles" to label when price is within the Equalizer Band which marks a period of indecision.

  • Removed "Period" and "Noise Filter Value" from input settings.

Fixing Alerts 🔨

Added facility to remove signals + fixed a logic error where when a "Strong" signal was alerted it would also alert a normal signal.