Lux Dashboards

The dashboards display the most relevant metrics from our premium features. This feature is extremely useful to easily obtain pertinent information about the market and can be used in confluence with the confirmation or contrarian signals.

Dashboard Types

Classical

The classical dashboard is a simple panel showing relevant time-varying metrics regarding the indicator as well as various market measurements.

Spider

The spider dashboard type shows only four metrics present in the classical dashboard. This dashboard is in the form of a spider graph (also called a radar chart).

Each blue line extremity represent the value of the metric on the corresponding axis, with blue lines extremities closer to the graph borders representing values of the metric closer to their maximum value (such as 100% for percentages).

The dotted line on the graph represents a mid-value (50% for percentages).

Some display errors might occur in non 24h/7d markets such as the stock and forex market. The Spider dashboard should appear visible once the market opens.

Dashboard Elements

Current Signal

The dashboard displays the current signal given by both the confirmation and contrarian methods.

The recommended sensitivity is an estimate of the optimal sensitivity setting. Depending on the selected signal mode, the recommend sensitivity for confirmation or contrarian signals will be displayed, when None or Both are selected, no recommended sensitivity will be displayed. This value is obtained through optimization by using the most recent 1000 bars and varies in a range between 10 and 40.

Note that this metric is not indicative of future results.

State

The market state tells you whether the market is trending or ranging, this indication can be useful to know whether a signal has higher chances of being false or not. The 🔥 sign is used with trending markets while ❄️ is used for ranging markets.

Lux Volatility

The Lux volatility appearing on the dashboard is based on the Lux Volatility indicator and is displayed as a percentage, with higher values indicating that the market is currently volatile. When volatility is rising the 📈 sign will appear, while 📉 appears when volatility is declining.

The Lux volatility can also display with a warning sign, this happens when the volatility is either too low or too high and indicate extra precaution.

Institutional Activity

The institutional activity aims to show who over retail traders and institutions have the control over the market by analyzing liquidity. This metric is displayed as a percentage indicating by how much institutions affect the current price.

Lux Control

The Lux control tells you the percentage of bullish market participants on the current candle.

Directional Matrix

The directional matrix is an innovative tool able to return the sentiment of various indicators using different timeframes or periods. The user can choose the indicator to use from the directional matrix mode setting in dashboard configuration, options include confirmation signals (Confirmation MTF), simple moving average (SMA), weighted moving average (WMA), and linear regression (LinReg).

Selecting SMA, WMA, or LinReg will return the direction of the selected indicator using various lookback values. For example, a 📈 symbol appearing at the right of 010 while using the SMA matrix mode means that a simple moving average using a period of 10 bars is rising.

The directional matrix using (confirmation MTF) aims to tell whether the current confirmation signal on various timeframes (15m, 30m, 1h, 4h, 1d) is a buy or sell signal, these are based on the current sensitivity and agility settings the user is using.

The current mode is displayed at the top of the directional matrix, while the percentage at the right shows the percentage of returned bullish sentiments.

The directional matrix can give more information than only directions, for example when using the SMA mode, a rising sign also tell you that a momentum oscillator of the same period is positive, while a rising sign in the WMA mode tells you that price is greater than a simple moving average of the same period minus 1.

Dashboard Settings

Settings affecting the dashboard can be found in the Dashboard Configuration section.

Dashboard Type

Determine the type of dashboard to display on the chart. Selecting None will hide the dashboard. Classic is set as default.

Classic Dashboard Location

The location of the classic dashboard is determined by the Classic Dashboard Location setting, options include:

  • Upper Right

  • Lower Right

  • Upper Left

  • Lower Left

  • Center Right

  • Center Left

  • Trend Relative

  • Hidden

The Trend Relative location switch between "Upper Right" and "Lower Right" depending on the current confirmation signals, using "Upper Right" when the current confirmation signal is a sell/strong sell signal and "Lower Right" when the current confirmation signal is a buy/strong buy.

Spider Dashboard Size

Determine the size of the Spider dashboard on the chart, options include Small, Normal, and Big.

Spider Dashboard Offset

Determine the offset of the Spider dashboard relative to the most recent candle. Higher values will move the Spider dashboard farther away from the most recent candles to the right.

Directional Matrix Mode

Determine the indicator to use in the directional matrix. Selecting None will hide the directional matrix from the classic dashboard. Confirmation MTF is selected by default.