Signal indicators settings

Signal Indicator Settings Documentation for Pine Algo - learn how to select and configure technical indicators, entry/exit signals, and market condition filters.

Pine Algo

Pine Algo umożliwia rozwijanie i optymalizowanie strategii automatycznych w PineScript na platformie TradingView.

This section manages the configuration of all built-in analytical modules of the Pine Algo [psyll] strategy. These modules form the foundation for generating primary entry and exit signals based on market conditions. Each indicator can be enabled or disabled, and its parameters can be customized according to your trading logic or selected mode (Sniper / DCA).

All indicators operate independently, but their results are automatically combined by the strategy engine, creating an averaged signal confirmed by selected sources. This allows for highly precise entry conditions based on trend dynamics, volume behavior, momentum, or divergences.

MACD Histogram

The MACD Histogram analyzes the difference between two moving averages to assess trend strength and direction. The histogram visualizes the difference between the MACD line and the signal line, helping identify acceleration or weakening in price movements. It is commonly used to detect momentum changes and trend reversal points.

  • Enabled - enable or disable the indicator.
  • Required - number of candles needed to confirm the signal.
  • Source - data source (e.g., close, hl2).
  • Type - moving average type (SMA, EMA, HMA, JURIK, etc.).
  • MA 1 length - length of the first moving average.
  • MA 2 length - length of the second moving average.
  • MA 3 length - length of the signal line moving average.

Williams %R

Williams %R is a momentum indicator that measures overbought and oversold levels. Values above -20 indicate potential overbought conditions, while values below -80 indicate oversold conditions. It is useful for identifying local reversals and trend corrections.

  • Enabled - enable the indicator.
  • Required - number of candles to confirm the signal.
  • Length - calculation period.

Keltner Channel

The Keltner Channel is a volatility channel based on a moving average and standard deviation. It helps assess trend strength and potential breakout points from consolidation. The strategy uses it to filter signals based on price position relative to the upper or lower channel boundary.

  • Enabled - enable the indicator.
  • Required - number of candles to confirm the signal.
  • Source - price data source.
  • Length - calculation period.

RSI Divergence

RSI Divergence detects divergences between price and the RSI indicator, identifying potential trend reversal points. Divergences often precede significant moves and serve as one of the key quality filters in Pine Algo strategy.

  • Enabled - enable divergence analysis.
  • Required - number of candles to confirm.
  • Source - data source.
  • RSI length - RSI period.
  • Type - type of moving average used.
  • MA length - RSI smoothing length.

Accumulation/Distribution RSI

Combines volume with classic RSI to assess whether the market is being accumulated (buying) or distributed (selling). Helps distinguish false price movements from real volume-driven pressure.

  • Enabled - enable A/D RSI analysis.
  • Required - number of candles to confirm.
  • RSI length - RSI calculation period.

Volume Weighted RSI (VW-RSI)

VW-RSI is a variation of RSI where each candle is weighted by volume. Signals based on larger trades gain more significance, reducing minor fluctuations.

  • Enabled - enable the indicator.
  • Required - number of candles to confirm.
  • RSI length - calculation period.
  • Sum length - volume summation period.

Price Oscillator

Measures the difference between average price values over different periods, helping detect momentum shifts and early trend change signals.

  • Enabled - enable the indicator.
  • Required - number of candles to confirm.
  • RSI length - RSI used for filtering.
  • HL period - High/Low range length for calculations.

Stochastic Oscillator

Assesses the closing price relative to the high-low range over recent periods, helping identify overbought and oversold conditions accurately.

  • Enabled - enable the indicator.
  • Required - number of candles to confirm.
  • Source - data source.
  • Length - calculation period.

Commodity Channel Index (CCI)

Measures the deviation of price from its moving average to detect overbought and oversold conditions.

  • Enabled - enable the indicator.
  • Required - number of candles to confirm.
  • Source - data source.
  • Length - calculation period.

Relative Strength Index (RSI)

Classic momentum oscillator measuring the strength of gains relative to losses. One of the main indicators confirming strategy direction.

  • Enabled - enable RSI.
  • Required - number of candles to confirm.
  • Source - data source (close, hl2).
  • Length - calculation period.

Money Flow Index (MFI)

Combines price and volume analysis to assess the strength of capital inflow or outflow. Helps detect trend exhaustion points.

  • Enabled - enable the indicator.
  • Required - number of candles to confirm.
  • Source - data source (hlc3).
  • Length - calculation period.

Force Index RSI

Analyzes price movement strength with volume and direction, smoothing the result using RSI.

  • Enabled - enable the indicator.
  • Required - number of candles to confirm.
  • Source - data source.
  • Length - period length.

DI+ / DI-

Difference between DI+ and DI- from the DMI (Directional Movement Index) to determine dominant trend direction.

  • Enabled - enable DI analysis.
  • Required - number of candles to confirm.
  • Length - calculation period.

TRIX

Oscillator based on triple-smoothed moving average. Eliminates market noise and shows only major momentum changes.

  • Enabled - enable the indicator.
  • Required - number of candles to confirm.
  • Source - data source.
  • Length - calculation period.

Aroon Oscillator

Measures the time distance from recent highs and lows to determine whether the market is trending or consolidating.

  • Enabled - enable the indicator.
  • Required - number of candles to confirm.
  • Length - calculation period.

Stochastic RSI

Combines RSI and Stochastic for more sensitive momentum reactions, ideal for volatile markets.

  • Enabled - enable the indicator.
  • Required - number of candles to confirm.
  • Source - data source.
  • Length - calculation period.

Chande Momentum Oscillator (CMO)

Measures the balance between upward and downward movements. More reactive than RSI, making it suitable for Sniper mode.

  • Enabled - enable the indicator.
  • Required - number of candles to confirm.
  • Source - data source.
  • Length - calculation period.

Ultimate Oscillator

Combines three different momentum periods for a more balanced market view. Prevents false signals during short-term fluctuations.

  • Enabled - enable the indicator.
  • Required - number of candles to confirm.
  • Len1 / Len2 / Len3 - three measurement periods.

Chaikin Oscillator

Measures capital flow based on the difference between fast and slow moving averages of the Accumulation/Distribution indicator. Confirms trend strength based on real volume inflow.

  • Enabled - enable the indicator.
  • Required - number of candles to confirm.
  • Fast - fast moving average length.
  • Slow - slow moving average length.

Rate of Change (ROC)

Measures the rate of price change over a period. Helps identify trend acceleration and sudden momentum shifts.

  • Enabled - enable the indicator.
  • Required - number of candles to confirm.
  • Length - calculation period.