PROTECTED SOURCE SCRIPT
Daksh Indicator
The Daksh Indicator is designed for swing and position traders looking for clean and reliable entries/exits on HIGHER TIME FRAMES.
It combines RSI crossover signals, RSI slope filtering, and a custom cooldown period to avoid signal clutter and improve quality.
đź“Š Core Logic:
RSI Crossovers: Triggers a BUY when RSI crosses up from below the oversold zone, and SELL when RSI crosses down from overbought.
Slope Filter: Signals are only valid if the RSI slope exceeds a configurable threshold, helping filter out weak reversals.
Cooldown Timer: Once a trade is taken, a user-defined number of bars must pass before a new signal can appear.
Entry Flexibility: Option to plot entry labels using Open or Close price.
PnL Tracker: A live table shows entry price and running PnL (%) based on the last signal.
đź“Ł Alerts:
The indicator supports alerts for BUY, SELL, and combined signals.
đź”’ Note:
This is a closed-source indicator due to proprietary signal filtering and trade timing logic developed through extensive personal research and testing.
⚙️ How to Use:
Use it on higher timeframes (e.g., 4H, Daily) to avoid false signals.
Look for signals aligned with major trend context.
Adjust the slope threshold and cooldown to fine-tune signal frequency.
It combines RSI crossover signals, RSI slope filtering, and a custom cooldown period to avoid signal clutter and improve quality.
đź“Š Core Logic:
RSI Crossovers: Triggers a BUY when RSI crosses up from below the oversold zone, and SELL when RSI crosses down from overbought.
Slope Filter: Signals are only valid if the RSI slope exceeds a configurable threshold, helping filter out weak reversals.
Cooldown Timer: Once a trade is taken, a user-defined number of bars must pass before a new signal can appear.
Entry Flexibility: Option to plot entry labels using Open or Close price.
PnL Tracker: A live table shows entry price and running PnL (%) based on the last signal.
đź“Ł Alerts:
The indicator supports alerts for BUY, SELL, and combined signals.
đź”’ Note:
This is a closed-source indicator due to proprietary signal filtering and trade timing logic developed through extensive personal research and testing.
⚙️ How to Use:
Use it on higher timeframes (e.g., 4H, Daily) to avoid false signals.
Look for signals aligned with major trend context.
Adjust the slope threshold and cooldown to fine-tune signal frequency.
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarle liberamente e senza alcuna limitazione – ulteriori informazioni qui.
Declinazione di responsabilitĂ
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarle liberamente e senza alcuna limitazione – ulteriori informazioni qui.
Declinazione di responsabilitĂ
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.