Brute Force [TTF]

The Brute Force indicator

This indicator is based on spotting and highlighting a particular activity pattern involving 3 moving averages:

• A fast moving average that will track closely with price while still smoothing out some price chop
  
• A middle moving average to help gauge short-term momentum
  
• A slow moving average to help identify longer-term trends and potentially serve to also guide directional bias
  

A Time-Segmented Volume (TSV) indicator has also been incorporated to assist in finding more exact potential entry points based on volume change relative to a baseline. Since it may take a couple of candles for the TSV to "catch up" with our specific moving average pattern, we have also implemented a "delay" mechanism to all ow the moving average signal element trigger to remain valid for a configurable number of additional candles to see if the TSV aligns to confirm. If it does and all conditions are met, a rocket symbol (🚀) will be printed on the chart.

In addition to alerts aligning with the 🚀 symbol printing, additional alerts have been implemented to include:

• Fast MA Cross Over/Under Mid MA
  
• Price Close Above/Below Slow MA
  

Updates made after initial publication based on user feedback:

• Added traditional alert conditions
  
• Added the ability to configure the new style of dynamic alerts
  
• Added a user-configurable option to allow the indicator signals to repaint on real-time data*
  
• Added the ability to change the signal symbol style, size, shape, and color
  
• Added tooltips to all indicator settings to help users better understand how the affect the indicator operation and how to update them if desired
  
• Updated the dynamic/script-native alerts to be able to fire before candle close if "Allow Repainting" is selected and the alert configuration is set as "once per bar"*
  
• Added default settings notes to indicator tool-tips
  

* Note: While allowing repainting may allow for some slightly earlier alerts/signals, there will be no way to guarantee that any signal will remain valid, so users must wait for the candle close to confirm the signal is still present.

We have decided to make this indicator freely available to the public in the hopes that people will find it useful as part of a trading strategy. Please feel free to provide constructive suggestions or feedback you may have!

Informacje o Wersji:

Update to allow certain alerts to trigger before bar close if "Allow Repainting" option is checked/enabled