To apply an update, you need to:
Refresh your browser or mobile app
Remove the indicator from your chart
Re-add it from your invite-only indicators
The latest version of the indicator should appear.
We always announce our updates on the Discord server and social media, you will also receive a mail announcing an update. You can also receive an update notification/mail from Tradingview, make sure to have both enabled in profile by going to:
settings -> notifications -> SCRIPTS YOU'VE ADDED TO FAVORITES OR LIKED
Added the following alert conditions:
Any Confirmation Buy
Any Confirmation Sell
Normal Buy Turn Strong
Normal Sell Turn Strong
Added the new "Predictive Range" Support/Resistance method
Renamed "Predictive" S/R method as "Predictive S/R"
Fixed "loop is taking too long to execute error"
Removed "Both" method in the Support/Resistance method
Improved confirmation/contrarian signal generation algorithms
New default setting for sensitivity and agility
Removed linear regression channel
Added "Both" option for "Support/Resistance Method"
Added "Force Run On Spread Charts" setting
Added new contrarian signal mode
Added alerts based on contrarian signals
Added "all in one" alerts for both confirmation and contrarian signals
Reworking of the inputs layout in the settings panel
Removed smoothing setting (now fixed to 20 in the code)
Added contrarian and control candle coloring modes
Added "Both" mode in Indicator overlay
Gradient for the EQ Cloud (previously known as equalizer bands)
Added an estimated liquidity level measurement to the dashboard
Added a trading session detection to the dashboard
Improved predictive S/R algorithm
Fixed error "loop is taking too long to execute…"
Removed "trade setup"
Removed gray candles
Removed OSC50 and current volume from the dashboard
🔥 Added Predictive Support/Resistance - we've upgraded our S/R levels feature to now be predictive and plot in real-time See it working in action & read more on this new extremely powerful & unique feature here: https://luxalgo.com/apps/help-center#hc-predictive-support-resistance
🔥 We now have Bands Mode via the input settings which categorizes our Equalizer Bands with our new Reversal Zones You can see them in the image below and learn more about Bands Mode: https://luxalgo.com/apps/help-center#!hc-bands-mode
➡️ This update also includes major efficiency upgrades to our code which will reduce load times & error messages. 🛠 "Use Heikin Ashi As Source" no longer locks sensitivity nor affects signals when HA candles are enabled, our Linear Regression has an efficiency & styling update, and Lux Market Control utilizes a new algorithm to detect the power of bulls vs bears as a percentage.
👉 Lux Dashboard now has a new feature called Lux Market Control which measures the strength of the bulls / bears from 0-100% (more explained here: https://luxalgo.com/apps/help-center#!hc-lux-market-control)
➡️ Added a Trade Setup toggle option which displays our suggested stop-loss and two suggested Take Profit levels to help give you ideas when entering trades (not to be followed blindly, more explained in this article: https://luxalgo.com/apps/help-center#!hc-entries-risk-management)
👉 Added functionality to adjust the suggested stop-loss with our new SL ATR Multiplier setting
➡️Included R:R ratio setting for adjusting your TP zones to adjust your risk reward ratio for entries
👉 We also added Full multi-timeframe capabilities for signals and all toggle options which includes multi-timeframe auto-trend lines!
Lastly, we changed the name of Candles Optimization to "Use HA Source [Sensitivity Locked] to better display the function as it's meant for smoothing data on normal candlesticks only (while Heikin Ashi is disabled only).
Added the option to alert for "Any Buy" and "Any Sell" along with an option to change the position of the Lux Dashboard on your charts.
You can now position your dashboard to the top right, bottom right, top left, bottom left, or normal right.
Auto Trend Lines - By activating this setting, Lux will automatically find and plot relevant trend lines based on significant pivot points in any market. By zooming out and viewing more data on the chart, more trend lines will appear.
This is a useful tool for finding perspectives and significant areas of support or resistance you may not have been able to see without our algorithm.
Our Linear Regression line appears as a yellow dotted forecasting line that best fits the previous x data points. This gives the user a small insight into the possible average movements for the asset in the future.
We take the current linear regression line and forecast it into the future. This is directly enabled on any chart as a toggle option within our Lux Algo V2 script in TradingView.
Sensitivity - can be adjusted for reducing noise and decreasing or increasing the amount of signals per your chart. The higher the sensitivity the less signals appear. Best to adjust this first.
Agility - allows our algorithm to react more responsively to price movements - behaving like a subset of sensitivity. Best to adjust once Sensitivity is optimized.
Smoothing - increases/decreases the significance of more recent data so the newer candles will have more impact on the signals than older candles. Best to adjust once Sensitivity & Agility are optimized.
Default & suggested settings for Every Market = (4.25, 1.96, 20) - These settings have been decided by our team as the closest to a one-size fits all for every market but it is smart to adjust settings accordingly how you find them performing the best for your own trading style. Learn how to optimize settings here: https://luxalgo.com/apps/help-center#!hc-adjusting-input-settings
We've also adjusted our Suggested Stop-loss calculation to Lux Dashboard provide more reliable stop-losses.
Added Lux Dashboard - which appears next to the current price and displays the current signal, volume, trend, volatility, and a suggested stop-loss that changes as the market moves. (Trailing Stop-Loss) Lux Dashboard gives our users easy access to important data which allows them to immediately look for confluence across different aspects of our trading system.
Added Lux Volatility - Lux Volatility measures the volatility levels of any given market from 0-100%. It's useful for spotting low volatility zones where it's likely smart to avoid trading or trusting a trend to occur.
Alongside our Lux Algo V2 signals, LV provides great confluence for when to fully trust an impulse move to occur as well as spotting extremes in the market where impulse moves are likely to end.
When volatility holds cleanly between the two zones 25% and 75% it is a good sign the trend has more room left to go and the move isn't finished just quite yet.
Added a new product to work in confluence with our main Lux Algo V2 script, called Lux Oscillator.
The Lux Oscillator is inspired by stochastics and market balance. The oscillator is a responsive ribbon which at times provides earlier signals compared to a normal stochastic . When the oscillator crosses over to become blue this is a bullish signal and when the oscillator crosses over to become red this is a bearish signal. It also is great for spotting divergences. This can give the user opportunities to enter earlier into positions.
Lux Oscillator works great in confluence with our main script Lux Algo V2. It works on any market. It also excels in ranging markets and can be used on any timeframe.
As a part of our v2.3 update we also included another toggle option called 'Candles Optimization' which allows users to optimize their signals better for when using standard candlesticks over Heikin Ashi in most markets.
We added an alert called "ALERT ANY" which saves users the headache of managing different alerts for buy/sell.
Also included another toggle option that automatically labels support & resistance levels on any chart based on the 15 period highs / lows.
Changed the smoothing factor for detecting strong signals which helps with avoiding false strong signals.
Removed "Positive / Negative cross" tags in order to remove clutter and put more focus on the candle coloring.
Added alert options for when normal signals turn strong based on candle coloring.
Added a toggle option for our "Equalizer Band" which is an option to display a 'twisting channel' inspired by Ichimoku for our users to trade with extra confirmation, avoid false signals, and have a better understanding of the market whether trending or ranging. When price holds above the band, market is considered bullish and strong buy signals are able to activate. When price holds below the band, market is considered bearish and strong sell signals are able to activate.
Added a toggle option for "Gray Candles" to label when price is within the Equalizer Band which marks a period of indecision.
Removed "Period" and "Noise Filter Value" from input settings.
Years of trading experience has provided us with the 2 things traders struggle with the most: taking profit and holding onto winning positions. What separates Lux from other tools is that it puts a lot of emphasis on the act of taking profit and having patience while waiting for a trigger to enter a position.
The idea is to create a system of custom tools all within one indicator which can provide traders of any experience level access to the most relevant data simplified in one place.
The main features of Lux Algo V2 are standard buy + sell signals, additional strong signals, and candlestick coloring. All of these features are designed to be used together as a complete trading system.
Lux identifies trends and areas to "get flat" or take profit through range breakouts and multiple indicators working with each other back and forth. Strong signals (Green or Red "Strong" tags) appear when either standard signals have turned strong, or when a new trend signal has triggered from purple candles changing into green or red candles.
When candles turn purple, it's meant to signal taking profit, waiting for the next signal, or exercising caution in your current position if a strong signal was last triggered.
Trend identifying strategies typically run into issues with false signals when markets are ranging. To avoid this as best as possible, our purple candles indicate when a strong signal may not be heading in the right direction; which is what we mean by exercising caution.
The only signals that directly indicate a trigger for entering long or short are strong signals. All standard buy and sell signals activate purple candles.
Normal Buy/Sell signals can be taken seriously as long / short positions based on your own analysis. We are building additional tools to help you identify when to take normal signals more seriously.
Non-released algorithm with a main focus on Buy & Sell signals primarily used to identify breakouts and for directional confirmation. Developed and used by the the Lux Algo Team.