Nexus v10

27 lug

Nexus v10 - Confluence-Driven Trading Indicator

The Nexus v10 is a sleek, modern, and versatile trading indicator that delivers precise buy and sell signals by synthesizing a confluence of technical factors, including Heikin Ashi candles, RSI, ADX, and EMA crossovers. The name "Nexus" captures its core strength—connecting and synthesizing multiple signals into a cohesive trading decision point. The term evokes a central hub or convergence, reflecting the script’s confluence-based approach, dynamic adaptability, and real-time precision for scalping. Designed for traders seeking clarity and efficiency, it’s a powerful tool for navigating dynamic markets.

Key Features:

• Confluence-Based Signals: Combines weighted signals from Heikin Ashi, RSI, ADX, and EMA crossovers to generate high-probability buy/sell signals.
  

• Neutral Status Logic: Limits consecutive signals to two per direction, requiring a "Neutral" status before the second signal to ensure disciplined trading.
  

• Clean Visualization: Displays only the two most recent buy/sell signals, keeping the chart uncluttered and focused on current opportunities.
  

• Dynamic Adaptability: Offers customizable RSI thresholds, EMA lengths, MTF settings, and dynamic overbought/oversold levels to fit any market or style.
  

• Candle Coloring & Inside Bars: Highlights overbought/oversold conditions and inside bars with customizable colors for enhanced context.
  

• Real-Time Debug Table: Provides live insights into signal status, RSI, MTF trends, and ADX for informed decision-making.
  

How It Works:
Nexus v10 integrates multiple technical factors, including MTF analysis (default: 3m, 15m, 240m, D), RSI, ADX, and EMA crossovers, to produce signals when confluence criteria are met. Signals appear as circles on the chart, with a maximum of two visible signals per direction (buy or sell). A second signal in the same direction requires a neutral status, ensuring precision. Ideal for scalping, swing, and trend trading across stocks, forex, futures, and more.

Usage Tips:

• Customize settings like RSI thresholds and MTF periods to align with your trading strategy.
  

• Use the debug table to monitor confluence factors and signal status in real-time.
  

• Pair with sound risk management and personal analysis for optimal results.
  

Note:
Always backtest thoroughly in your trading environment to validate performance. Let the Nexus v10 guide your next trade with precision and clarity!

28 lug

Note di rilascio

Updated EMA Crossover

30 lug

Note di rilascio

Min Confluence update

31 lug

Note di rilascio

Nexus v12
Enhanced Accuracy and Efficiency

1 ago

Note di rilascio

Implemented Optimization

3 ago

Note di rilascio

Update: Nexus v14

Explanation of Signal Logic Change

In the original script, the standard buy/sell signals (2 dots) could plot and alert twice in the same direction. I removed this condition because there is no valid reason for a 2nd buy/sell signal and it was annoying visually and audibly. The F-Buy/F-Sell signals are unaffected, as they are triggered by is_fast_buy and is_fast_sell, which remain unchanged. Therefore, if a F-Buy/Sell alert occurs (triangle shape), you may also received a 2nd standard alert (dot shape) if all conditions are met if it happens in that order.

3 ago

Note di rilascio

Update: Nexus v15

All bullish plotted shapes and table values now use blue, ensuring a cohesive appearance with other elements in the script.

3 ago

Note di rilascio

Nexus v16 Update:

34 EMA, Shapes, and Table Cohesiveness

The updated Nexus v16 ensures the 34 EMA's color (blue for bullish, red for bearish) persists until the opposite signal, aligning with plotted shapes and the table’s "Signal" row providing a consistent, cohesive view of market direction for clearer trend analysis.

4 ago

Note di rilascio

Update Nexus v17

Added VWAP (Volume Weighted Average Price)

VWAP’s role is to enhance the confluence system by confirming price alignment with volume-weighted averages, adding 0.5 or 0.75 to the bullish or bearish weight when the price is significantly above or below VWAP. This ensures signals are supported by market activity, reducing false positives. The VWAP status appears in the table, aligning with other indicators (blue for bullish, red for bearish) when a signal is triggered.

4 ago

Note di rilascio

Update: Nexus v18

Table Pecking Order

I rearranged the table to show signals in order of their importance from top down. This order helps you focus on the most critical signals first, making it easier to spot strong trading opportunities!

5 ago

Note di rilascio

Update: Nexus v19

- Removed F-Buy and F-Sell
- Added Candle Lines

Removing the F-Buy/Sell reduces the frequency of additional signals, minimizing noise and potential false positives in volatile or choppy markets. This streamlines the indicator to focus on stronger, more reliable signals (S-Buy, S-Sell, Buy, Sell).

Adding the candle lines serve as dynamic reference levels to assist in identifying pullbacks, reversals, and continuation patterns.

Pullbacks: When the price approaches or touches the blue (high) or red (low) line and then resumes its prior trend (e.g., continues upward after touching the red line in an uptrend), it indicates a pullback to a support or resistance level. Traders can use these levels to assess potential re-entry points in the direction of the trend.

Reversals: A decisive break and close above the blue line (in a downtrend) or below the red line (in an uptrend), especially with high volume or confluence with other Nexus v19 signals (e.g., RSI or ADX), suggests a potential trend reversal. For example, a close above the blue line after a downtrend may signal a bullish reversal.

Continuation: If the price breaks through the blue or red line in the direction of the prevailing trend (e.g., above the blue line in an uptrend or below the red line in a downtrend) and continues moving, it confirms trend continuation. This is particularly relevant when aligned with strong trend indicators like ADX or EMA crossovers in Nexus v19.

5 ago

Note di rilascio

Updated Confluences