CVD AI PRO - 3.1 Conservative Day Trader (updated)
Summary: This advanced technical indicator combines Cumulative Volume Delta (CVD), Dynamic Average True Range (ATR), and Percentage Change analysis to generate long trading signals. Designed for the discerning trader, it integrates a comprehensive approach by considering volume, price volatility, and trend momentum to identify potential market entry points.
Features:
• Timeframe Selector: Allows users to specify the desired analysis timeframe, enhancing the indicator's flexibility across different trading strategies.
• Conservative Signal Filter: An optional filter that prevents the generation of consecutive buy or sell signals without an alternating signal, promoting a disciplined trading approach by ensuring that each buy signal is followed by a sell signal and vice versa.
• ATR-Based Stop Loss Calculation: Utilizes a dynamic ATR multiplier to determine optimal stop loss levels, adjusting to market volatility.
• Cumulative Volume Delta (CVD): Offers insights into market momentum by accumulating volume changes, providing a unique perspective on market sentiment.
• MACD & Confidence Level Analysis: Incorporates MACD line movements and a custom confidence level based on CVD normalization to refine signal accuracy.
• Volume Filter: Enhances signal reliability by including volume trends in the analysis, with options to activate or deactivate this filter based on user preference.
• Customizable Parameters: Includes user-defined inputs for ATR length, CVD length, MACD settings, and more, offering a tailored analytical experience.
• Signal Labels with Enhanced Visibility: Marks buy and sell signals directly on the chart with labels featuring increased font size, improving readability and decision-making speed.
• Directional Trend Labels: Provides immediate visual cues about the market's direction, aiding in quick assessment of current market trends.
Use Cases: Ideal for traders looking for a comprehensive, multifaceted technical analysis tool, this indicator suits various trading styles, from swing trading to longer-term investment strategies. The Conservative Signal Filter and enhanced signal labels particularly benefit users seeking to minimize risk and focus on clear, well-defined market entry and exit points.
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