Swami
Range Breakout Signal Generator
Last updated
Range Breakout Signal Generator
Last updated
About:
Swami presents itself as a Range Breakout Signal Generator. Its innovative indicators identify trending or ranging intrabar candles and generate signals when the price breaks the extremities of these ranging intrabar candles.
Swami also operates with the Trend AI and the Reversal Algo. The Trend AI, as its name implies, delivers signals in line with prevailing trends, while the Reversal Algo aims to provide early signals indicating a potential reversal. These algos determine the extremities that, when breached, trigger a signal.
Moreover, on your supercharts, Swami display the Cloud AI, which combines supply-demand zones with Fibonacci levels. This cloud forms along the trend, offering insights into the volume volatility supporting the trend.
Specifications:
Market: Forex, Stocks, Crypto, Options, Indices, and Futures
Timeframe: 30mn or 1hr
Type: Range Breakout AI + Reversal Algos + Trend AI + Cloud AI
Trading Style: All (scalping, swing, intraday, and position trading)
Assets & Charts: All
Setting Rules: None
Features:
Swami operates by automatically generating signals for buying and selling.
A combination of Trend AI and Reversal Algos to signal trends and potential reversals.
Performs well in turbulent or choppy markets due to its ability to produce remarkably precise buy and sell signals.
Cloud AI displaying supply-demand zones with Fibonacci levels forming along the trend.
How to use:
Just run the indicator script on your chart, adjust the timeframe to 30 minutes or longer, and await the buy or sell signal.
To manage risk, you can employ the Tradingview long position tool to establish stop-loss levels.
Note:
By understanding the characteristics of different Tradebox scripts and combining them with other technical analysis tools, traders can develop effective trading strategies and make more informed decisions in the financial markets.
As with any trading tool, it’s essential to test your use of Swami Indicative AI to align with your specific trading objectives and risk tolerance.