SeleneAlgo identifies entry and exit positions by combining momentum and multiple fast moving averages with custom candle analysis & price action, in addition to several other factors. By doing so, SeleneAlgo can identify confident long/short signals as soon as the market trend changes while filtering out many false positives.
All these features combined with an extremely informative Dashboard creates a powerful tool that can be customized according to the user’s trading style and comfort level.
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Unprecedented Market Insight
Ultimate Support & Resistance
Ultimate Support & Resistance (USR) dynamically detects the most immediate Support and Resistance Zone Ranges in addition to dynamically generating Smart Trend Lines that can highlight trends traders may have otherwise missed. Sensitivity can be adjusted for your own trading style. USR also identifies Pivot Points (HH, HL, LL, LH), previous Day and Week High & Low levels, VWAP with VWAP Bands, 5 separate Moving Averages which can be changed from Simple, Exponential, and Weighted, and the ability to Batch Insert and auto populate up to 400 S&R levels instantly.
ADX Momentum Insight
ADX Momentum Insight is a Zero Lagging ADX directional indicator that interprets trend strength. It allows you to anticipate reversals with amazing accuracy and see the current momentum’s strength, thus assisting you to rule out false positive signals. ADX Momentum Insight works harmoniously with SeleneAlgo adding an extra layer of confirmation to your trade decisions.
Candle Insight allows traders to simultaneously view a second timeframe of candles without needing to change chart timeframes. When choosing a timeframe LESS than your current, it will show the internal candles that make up the current active candle. When choosing a timeframe MORE than your current, it will show the specified number of candles back of that timeframe. Using Candle Insight, traders can gain even more insight into a stock’s price movements providing a higher precision in their trade decisions.
The Consolidation Detection Indicator uses a combination of Zero Lagging ADX and Triple Exponential Moving Average deviation to detect when a security begins to move sideways. Traders have the option to either let the indicator auto select the sideways areas or be able to fine tune the areas of interest themselves to fit their particular trading style.
Market Guard interprets sentiment direction, inflation, interest, yield spreads, and volatility patterns of the overall stock market. In doing so, we can see extremely early warning signs when the market is the verge of a potential market crash or bear market, in addition to signs of market recovery.
Case Study of past results in relation to historical large stock market crashes can be found here.
Opening Bell Candle Analysis
Opening Bell Candle Analysis analyzes the statistical probability of candle behavior patterns starting from an inputted time allowing the trader to see the exact % chance of what the next candle will be based on its history. This allows a trader to look at a security they are unfamiliar with for the first time and instantly see if it tends to demonstrate a reoccurring pattern of market opening candles or at a specific given time of day.
Market Correlation shows the correlation between multiple securities indicating either a Positive, Negative, or Insignificant Correlation. This can be particularly useful to hedge your trade minimizing risk.
FREE PUBLIC INDICATOR
Traders often make the mistake of using multiple indicators from the same category/class that are based on the same underlying studies. Doing so can lead to signal duplication creating false confirmations and confidence.
This indicator aims to educate and assist traders to utilize better trade management strategies by highlighting duplicate indicator categories.
This MASSIVE 10 indicators in 1 indicator is available to the public for FREE!
Check out SeleneAlgo Essentials here and just add it as a favorite to get started!