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, but the main ones are described below:
Control the type of signal generation algorithm to use, available options include:
Confirmation
Contrarian
Both
None
more information on the following page:
Allows the user to change the color of the candles/bars of candlestick or barchart based on various algorithms, available options include:
Confirmation
Contrarian
Control
None
more information in the following page:
Controls the sensitivity of the signal generation algorithm to price variations, with higher values of sensitivity returning less signals on the chart, more information in the following page:
Agility is related to the signal generation algorithm, and like sensitivity will return less signals when using higher values, but it stills has various distinctions, these are described in the following page:
Allows the user to choose between two exclusive LuxAlgo indicators to add to the price chart, options include:
Reversal Zones
EQ Cloud
Both
More information in the following page:
The indicator might return an error when using a spread chart, enabling the force run on spread charts setting allows to fix this error.
Default settings are not optimal and were selected to give a good starting for adjusting them. There are no "best settings" that we can mention because trading is very personal per asset and timeframe. It is smart to adjust the settings per the assets & timeframes you trade.
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.
