Flux Charts SFX Algo indicator is a comprehensive and sophisticated all-in-one toolkit designed to cater to all the technical analysis needs of traders. Developed and designed by Russell W., head developer at Flux Charts.
The Flux Charts SFX Algo indicator stands apart with its unique ability to seamlessly integrate with various forms of technical analysis, while also offering the option to function as a standalone toolkit adaptable to any trading style. The indicator has been designed to take into account the dynamic nature of market conditions, ensuring that every feature included remains relevant, reliable, and effective.
Traders have countless possibilities when utilizing this indicator, allowing for the exploration and analysis of an array of cutting-edge features over time. This enables traders to selectively employ the features that align best with their individual trading styles and build a personal trading strategy.
The Flux Charts SFX Algo indicator is set to revolutionize the way traders approach technical analysis, providing them with the tools and insights needed to navigate complex financial markets with confidence and precision.
Flux Charts SFX Algo works in all markets (stocks, crypto, forex, futures, bonds, options, etc) and has many features including:
Buy signals (Not to be followed blindly)
Sell signals (Not to be followed blindly)
Buy & Sell Signal Ratings (Higher rating doesn't necessarily mean a "better" signal)
Algorithm Weighting Customization
Algorithm Sensitivity Customization
Algorithm Signal Strength Filter
Take Profit signals
Take Profit Retest signals
Take Profit Level Optimization
Trend Candle Coloring
Volatility Bands
+ more
What it does
The indicator uses an Adjusted Weighted majority algorithm to generate "buy" and "sell" signals. The algorithm takes into account several market metrics and weights them based on their recent performance. How far back the algorithm checks is based on the “Time Weighting” setting. This allows users to choose between having more data points or having more recency bias within the algorithm, but less data to decipher.
How it works and what differentiates it
There are many popular strategies in the market all of which go in and out of successful periods. The SFX algorithm effectively uses popular indicators or "experts" and weights them using a period decided through the "Time Weighting" Setting. The "experts" include popular indicators that cover Momenutmn, ATR trends, and EMA trends. Adjusted Weighted Majority typically weighs only through binary events however the SFX also uses a dynamic system to punish larger losses. The total weighting is then used to confirm a signal is agreeing with the most successful "experts" or indicators within the time period. This effectively will filter poor signals during periods of underperformance compared to other indicators and the converse during performant periods.
This weighting algorithm was inspired by the Princeton University lecture "Multiplicative Weight Algorithm" by Sanjeev Arora!
Indicator Settings: (Sensitivity: 70, Signal Strength: 40, Time Weighting: Recent Trends)
The star-rated signals show the strength of the signals based on our weighting system
The colored candles (green & red) simplify the market into basic uptrends/downtrends
The volatility bands show areas of potential reversals
The volatility bands also show potential breakouts (Tight bands = consolidation, which could lead to an impulsive move)
The take profit signals suggest areas where profits should be taken in a trade
Settings and their Usage
Algorithm Settings Explained Sensitivity determines how frequently signals appear. A higher sensitivity would lead to more frequent signals (Buy & Sell) appearing on your chart Signal Strength helps filter out low-rated signals based on our Stochastic Weighting Algorithm. A higher signal strength will lead to fewer signals on your chart. A higher-rated signal doesn't necessarily make it a better signal than a lower-rated signal. Time Weighting allows you to choose how much historic data you want the indicator to use when interpreting data for the signals. There are three options to choose from including: - Recent Trends - Mixed Trends - Longterm Trends
Using the "Recent Trends" option will only use recent market data when looking at the market metrics our algorithm uses for generating "Buy" and "Sell" signals. Thus, there will be a recency bias which means the metrics the algorithm is weighing more heavily have recently performed well.
Using the "Longterm Trends" option will use more historic market data when looking at the market metrics our algorithm uses. This will give more data points for the algorithm to use, but it won't count for recent performances, but rather an overall performance in the past. Thus, if one metric has been doing poorly recently, it will still receive the same weight, even though it was performing well at the start of our lookback period for data.
Using the "Mixed Trends" option will give you a choice that is in between these two options. This will give you a good balance between having enough data points for market metrics, while also sustaining a good bit of market recency bias.
Notas de Lançamento
Added setting to turn off repeat take profit signals and notifications.
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SFX Dashboard The dashboard shows the SFX Algo's sentiment on different timeframes according to the settings you have chosen.
3 Minute
15 Minute
30 Minute
1 Hour
1 Day
You can also change the position of the dashboard and toggle it on/off.
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Enable/Disable Dashboard
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Changes to the rating system. Max rating has been increased from 3 to 5. Changes in rating are now plotted so they can be easily incorporated in strategies.
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Added setting to enable webhook formatting for alerts.
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Added additional features to webhooks
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Added additional webhook features
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Added the 4 hour and 1 week timeframes to the dashboard. Added a setting to turn on or off take profit 1, 2, and 3 labels and notifications individually.
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Table Sizes can now be changed in settings.
Upgrade alerts now include the direction of the the signal which has been upgraded (Bullish or Bearish).
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General Update to Webhooks
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Take profits now are part of webhook alerts.
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Update to notifications to increase display consistency.
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Bar Color Setting Update
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Added webhook support for futures ticker id object.
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Added Auto Stop-Loss feature which uses the user's risk tolerance setting and the SFX Algo's sub-trends to find stop-loss exits.
Added theming settings to allow greater customization of the overlays' colors.
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Added setting to display or hide star ratings within labels.
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Added support for alert conditions. Users can now set specific function calls as triggers for notifications through the alert creation process.
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Signal rating table's color is now dependent on the signal direction.
General notifications update.
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General Updates
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Update to TP Labels
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Update to notifications
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- Large scale refactoring changes - Automatic stop loss improvements
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- Fixed high timeframe runtime error
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Improve webhook support for Heikin Ashi candles
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NEW! Setting to filter signals by minimum star rating, from 1 to 5
NEW! Key Levels TP & SL Method
NEW! Volatility Bands TP & SL Method
NEW! Signal Rating TP & SL Method
NEW! Retracement Wave Overlay
NEW! Realtime TP & SL Lines and Labels (Only for Key Levels TP / SL Method)
Fixed an issue where TP labels appeared when disabled
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