LuxAlgo
Signals & Overlays

Settings Reference

To open the settings menu, place your mouse pointer over the indicator title on your chart, you will then see a list of icons appear, and click on the gear ⚙️ icon.

You can also open the settings panel by double-clicking any element displayed by the toolkit.

Basic Settings


Presets / Filters

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Nonenone

No presets/filter enabled.

Trend Traderpreset
  • Confirmation Signals
  • Smart Trail
  • Trend Catcher
Scalperpreset
  • Confirmation Signals
  • Confirmation gradient coloring
  • Reversal Zones
  • Take Profit/Stop Losses
Swing Traderpreset
  • Confirmation Signals
  • Long-Term Frequency Autopilot
  • Simple confirmation candle coloring
  • Neo Cloud
Contrarian Traderpreset
  • Contrarian Signals
  • Mid-Term Frequency Autopilot
  • Contrarian candle coloring
  • Reversal Zones
Smart Trailfilter

Show bullish signals when price is above the Smart Trail, and bearish signals when price is under the Smart Trail.

Trend Tracerfilter

Show bullish signals when Trend Tracer is indicating an up-trend, and bearish signals when Trend Tracer is indicating a down-trend.

Trend Catcherfilter

Show bullish signals when Trend Catcher is indicating an up-trend, and bearish signals when Trend Catcher is indicating a down-trend.

Neo Cloudfilter

Show bullish signals above Neo cloud, and bearish signals under Neo Cloud.

Trend Strengthfilter

Show bullish/bearish signals when the Trend strength is above 50%.

Presets allows users to easily enable multiple features at once from a selected option.

Note that when a preset is selected some settings such as the toggles of the displayed overlay indicators can become inactive/not usable. If you wish to further customize the Signals & Overlays® toolkit, we suggest disabling the Preset and manually customizing the settings.

On the other hand, filters allow users to display confirmation/contrarian signals when a specific overlay or metric behavior is respected.

Signal Mode

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Confirmation + Exits

Confirmation signals alongside exit signals.

Contrarian + Exits

Contrarian signals alongside exit signals.

None

No signals.

Controls the type of signal generation algorithm to use.

ML Signal Classifier

Toggledefault: false

Enable the ML Classifier for the returned signals. Signals will be classified between groups 1, 2, 3, and 4, with 1/2 indicating replacements and 3/4 signals in accordance with a main trend.

Signals Sensitivity

Numerical Inputdefault: 12

The sensitivity setting controls how sensitive the signals generation algorithms are to shorter term price variations, with higher values of the setting returning longer term signals.

To learn more about signal settings see the following page.

Candle Coloring

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Confirmation Simple

Color candles using three shades based on the Confirmation signal algorithm.

Confirmation Gradient

Color candles using a gradient based on the Confirmation signal algorithm.

Contrarian Gradient

Color candles using a gradient based on the Contrarian signal algorithm.

None

Change the color of the candle/bars on the user chart based on the selected option.

To learn more about candle coloring see the following page.

Indicator Overlay


Smart Trail

Toggledefault: true

Enable the Smart Trail overlay on the chart when toggled on.

DropdownNumerical
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1
2
3
4
5

Smart Trail numerical period. Greater values will allow the Smart Trail to return indications of longer term trends.

Reversal Zones

Toggledefault: false

Enable the Reversal Zones overlay on the chart when toggled on.

DropdownNumerical
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1
2
3
4
5

Reversal Zones numerical period. Greater values will allow the Reversal Zones to return indications of longer term trends.

Trend Catcher

Toggledefault: false

Enable the Trend Catcher overlay on the chart when toggled on.

DropdownNumerical
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1
2
3
4
5

Trend Catcher numerical period. Greater values will allow the Trend Catcher to return indications of longer term trends.

Trend Tracer

Toggledefault: false

Enable the Trend Tracer overlay on the chart when toggled on.

DropdownNumerical
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1
2
3
4
5

Trend Tracer numerical period. Greater values will allow the Trend Tracer to return indications of longer term trends.

Neo Cloud

Toggledefault: false

Enable the Neo Cloud overlay on the chart when toggled on.

DropdownNumerical
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1
2
3
4
5

Neo Cloud numerical period. Greater values will allow the Neo Cloud to return indications of longer term trends.

Take Profits/Stop Losses


TP/SL Levels

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None

No take profits/stop losses levels are displayed.

Signals

Return take profits/stop losses levels based on Confirmation/Contrarian signals.

Smart Trail

Return take profits/stop losses levels based on Smart Trail sentiment changes.

Reversal Zones

Return take profits/stop losses levels based on the contact between the price and Reversal Zones extremities.

Trend Catcher

Return take profits/stop losses levels based on the Trend Catcher sentiment changes.

Trend Tracer

Return take profits/stop losses levels based on the Trend Tracer sentiment changes.

Neo Cloud

Return take profits/stop losses levels based on the Neo Cloud sentiment changes.

Custom Alert Creator

Return take profits/stop losses levels based on the user set custom alert creator condition triggering. Unlike other options this one assumes a bullish sentiment, returning take profits above the price and stop losses below the price.

Distance

Numerical Inputdefault: 5

Control how far away take profits/stop losses levels are located from the price, with higher values returning levels located farther away from the price.

Advanced Settings


ML Classifier

Numerical Inputdefault: 1234

ML Classifier filter. This input allows filtering out classified signals that are not specified in the input.

For example if the input only contains 12 then only signals classified as either 1 or 2 will be displayed.

Autopilot Sensitivity

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Off

Disable the autopilot sensitivity algorithm.

Short-Term

Enable the autopilot sensitivity algorithm to return shorter term signals.

Medium-Term

Enable the autopilot sensitivity algorithm to return medium term signals.

Long-Term

Enable the autopilot sensitivity algorithm to return longer term signals.

Allows enabling autopilot sensitivity for the selected signal algorithm. When autopilot is enabled changes in the sensitivity settings will not affect signals.

Dashboard


Dashboard Location

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Hidden

Hide the dashboard on the chart.

Top Right

Display the dashboard to the top right of the chart.

Bottom Right

Display the dashboard to the bottom right of the chart.

Bottom Left

Display the dashboard to the bottom left of the chart.

Dashboard location on the chart.

Dashboard Size

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Tiny
Small
Normal
Large

Size of the dashboard on the chart.

Trend Strength

Toggledefault: true

Display Trend Strength metric on the dashboard.

Volatility

Toggledefault: false

Display the Lux Volatility metric on the dashboard.

Squeeze

Toggledefault: false

Display the squeeze index on the dashboard.

Volume Sentiment

Toggledefault: false

Display the Volume Sentiment on the dashboard.

Custom Alert Creator


Signal

Toggledefault: false

Enable the selected signal condition to be used in the custom alert creator.

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Any Bullish Confirmation
Any Bearish Confirmation
Bullish Confirmation
Bullish Confirmation+
Bearish Confirmation
Bearish Confirmation+
Confirmation Uptrend
Confirmation Downtrend
Any Bullish Contrarian
Any Bearish Contrarian
Bullish Contrarian
Bullish Contrarian+
Bearish Contrarian
Bearish Contrarian+
Contrarian Uptrend
Contrarian Downtrend

Specific type of signal used in the custom alert creator.

Step

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1
2
3
4
5
6
7
8
9
10
All
Invalidate
OR

Signal condition step in the custom alert creator sequence.

ML Classifier

Toggledefault: false

Enable the ML Classifier to be used in the custom alert creator.

Numerical Inputdefault: 1234

Determines to which group a signal should be classified.

Step

DropdownNumerical
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1
2
3
4
5
6
7
8
9
10
All
Invalidate
OR

ML Classifier step in the custom alert creator sequence.

Smart Trail

Toggledefault: false

Enable the selected Smart Trail condition to be used in the custom alert creator.

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Smart Trail Bullish
Smart Trail Bearish
Smart Trail Switch Bullish
Smart Trail Switch Bearish

Specific Smart Trail condition used in the custom alert creator.

Step

DropdownNumerical
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1
2
3
4
5
6
7
8
9
10
All
Invalidate
OR

Smart Trail condition step in the custom alert creator sequence.


Trend Tracer

Toggledefault: false

Enable the selected Trend Tracer condition to be used in the custom alert creator.

DropdownString
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Trend Tracer Bullish
Trend Tracer Bearish
Trend Tracer Switch Bullish
Trend Tracer Switch Bearish

Specific Trend Tracer condition used in the custom alert creator.

Step

DropdownNumerical
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1
2
3
4
5
6
7
8
9
10
All
Invalidate
OR

Trend Tracer condition step in the custom alert creator sequence.


Trend Catcher

Toggledefault: false

Enable the selected Trend Catcher condition to be used in the custom alert creator.

DropdownString
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Trend Catcher Bullish
Trend Catcher Bearish
Trend Catcher Switch Bullish
Trend Catcher Switch Bearish

Specific Trend Catcher condition used in the custom alert creator.

Step

DropdownNumerical
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1
2
3
4
5
6
7
8
9
10
All
Invalidate
OR

Trend Catcher condition step in the custom alert creator sequence.


Neo Cloud

Toggledefault: false

Enable the selected Neo Cloud condition to be used in the custom alert creator.

DropdownString
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Neo Cloud Bullish
Neo Cloud Bearish
Neo Cloud Switch Bullish
Neo Cloud Switch Bearish
Neo Cloud Lead Step Up
Neo Cloud Lead Step Down
Neo Cloud Lag Step Up
Neo Cloud Lag Step Down

Specific Neo Cloud condition used in the custom alert creator.

Step

DropdownNumerical
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1
2
3
4
5
6
7
8
9
10
All
Invalidate
OR

Neo Cloud condition step in the custom alert creator sequence.

Reversal Zones

Toggledefault: false

Enable the selected Reversal Zones condition to be used in the custom alert creator.

DropdownString
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Within Upper Zone [R1-R3]
Within Lower Zone [S1-S3]
Entering Upper Zone [R1-R3]
Entering Lower Zone [S1-S3]

Specific Reversal Zones condition used in the custom alert creator.

Step

DropdownNumerical
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1
2
3
4
5
6
7
8
9
10
All
Invalidate
OR

Reversal Zones condition step in the custom alert creator sequence.

Trend Strength

Toggledefault: false

Enable the selected Trend Strength condition to be used in the custom alert creator.

DropdownString
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Greater Than
Lower Than

Comparison operator used to compare the current Trend Strength value with the inline numerical input.

Numerical Inputdefault: 50

Value used to compare Trend Strength with.

Trend Strength Step

DropdownNumerical
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1
2
3
4
5
6
7
8
9
10
All
Invalidate
OR

Trend Strength condition step in the custom alert creator sequence.

External Condition (1)

Toggledefault: false

Enable the selected External condition to be used in the custom alert creator.

DropdownSource
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open
high
low
close

...

Others

Other external indicator outputs can be used as source.

First source input.

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Greater Than
Lower Than
Crossing Over
Crossing Under
Crossing
Equal

Comparison operator used to compare the two selected sources.

DropdownSource
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open
high
low
close

...

Others

Other external indicator outputs can be used as source.

Second source input.

External Step (1)

DropdownNumerical
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1
2
3
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7
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10
All
Invalidate
OR

First external source condition step in the custom alert creator sequence.

External Condition (2)

Toggledefault: false

Enable the selected External condition to be used in the custom alert creator.

DropdownSource
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open
high
low
close

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Others

Other external indicator outputs can be used as source.

First source input.

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Greater Than
Lower Than
Crossing Over
Crossing Under
Crossing
Equal

Comparison operator used to compare the two selected sources.

DropdownSource
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open
high
low
close

...

Others

Other external indicator outputs can be used as source.

Second source input.

External Step (2)

DropdownNumerical
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1
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3
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5
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10
All
Invalidate
OR

Second external source condition step in the custom alert creator sequence.

External Condition (3)

Toggledefault: false

Enable the selected External condition to be used in the custom alert creator.

DropdownSource
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open
high
low
close

...

Others

Other external indicator outputs can be used as source.

Source input.

DropdownString
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Greater Than
Lower Than
Crossing Over
Crossing Under
Crossing
Equal

Comparison operator used to compare the selected source to the selected numerical value.

Numerical Inputdefault:0

Numerical input.

External Step (3)

DropdownNumerical
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1
2
3
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5
6
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All
Invalidate
OR

Third external source condition step in the custom alert creator sequence.

Invalidation Behavior

DropdownNumerical
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None

No invalidation behavior.

Invalidate On Step 1

The "Invalidate On Step 1" behavior allows to reset an incomplete sequence of conditions when the condition on step 1 trigger. This prevents the first step condition from happening in between other steps of the condition sequence.

This behavior is useful when the first step of our sequence of conditions needs to never be repeated during the sequence.

Example

Let's take an example where we use 3 regular steps.

Step 1

Step 1 condition trigger, we will now evaluate step 2 from now on.

Step 2

Step 2 condition trigger, we will now evaluate step 3 from now on.

Step 1 Trigger

Step 1 condition trigger, we start evaluating step 2 from now.

Invalidate On Any Repeated Step

The "Invalidate On Any Repeated Step" behavior allows to reset an incomplete sequence of conditions when a step is triggered such that it does not respect the user-set order of conditions.

This behavior is useful when we want a perfectly ordered sequence of conditions to complete, without any step repeating itself.

Example

Let's take an example where we use 3 regular steps.

Step 1

Step 1 condition trigger, we will now evaluate step 2 from now on.

Step 2

Step 2 condition trigger, we will now evaluate step 3 from now on.

Step 1 or 2 Trigger

Step 1 or 2 conditions trigger, we start evaluating step 1 from now.

Invalidation behaviors allows adding more restrictions to a sequence of conditions, users can use two different invalidation behaviors described below.

Maximum Step Interval

Numerical Inputdefault:10

Maximum allowed horizontal distance (in bars) between two steps.

If the amount of bars since a step exceed the selected threshold, then the conditions sequence is reset, and we start evaluating from step 1 again.

Highlight Custom Alert Triggers

Toggledefault:true

When a custom alert condition is set, a visual element is displayed at the bottom of the chart in order to more easily visualize when the custom alert conditions occurs (displayed by default).

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