Lux Algo Premium
Lux Algo Premium is the main indicator provided by Lux Algo, which aims to return a maximum amount of useful information to the user to make better decisions while trading. Below are the pages describing each of the features in the main indicator:
Lux Algo Premium has various settings affecting the appearance and behavior of the indicator, most of them are proper to the feature they affect and will be described on their corresponding pages. The indicator contains various settings sections, the basic settings are described in the following sections.
Controls the type of signal generation algorithm to use, available options include:
Confirmation
Confirmation + Exits
Contrarian
None
More information on the following page:
Methods to adjust the signals returned by the Confirmation & Contrarian methods within the Lux Algo Premium indicator. See the following page for more information:
Allows users to display support and resistances on their chart, each based on different methods. The drop-down menu at the right of the setting determines the significance of the displayed support/resistances.
More information on the following page:
Display 2 take profits and 2 stop loss points on the chart, with locations depending on the selected position (Buy/Sell). The drop-down menu at the right of the setting determines the distance between each take profits and stop-loss point.
To adjust settings, place your mouse pointer over the indicator title, you will see a list of icons appears, click on the gear ⚙️ icon to open the settings panel of the indicator.
You can also open the settings panel by double-clicking any element displayed by the indicator, such as the signals, overlaid indicators, or the dashboard.
It is possible to change the visual aspect of any element displayed by the indicator such as colors, line width, signal label shape/location...etc. In order to do it open the setting panel and click on style beside inputs.
