We're extremely proud to announce LuxAlgo Signals & Overlays v6 is now LIVE!

New Full Video walkthrough: https://www.youtube.com/watch?v=wIJgI1905aA
1.) Signal Upgrades ๐
We have a NEW Confirmation Signals algorithm that is an extension on its predecessor as it adapts to it's own performance now, giving a more robust algorithm that doesn't require a complex combination of settings. Sensitivity is all you need, 12 is still the default.
The usability will feel the same but signals are proven to be more efficient based on back-testing thousands of signals, we made it happen. Labels are changed for simplicity & ensuring their intended usability is understood as Confirmation Signals. โฒ,โผ, โฒ+, โผ+. Same thing as before just cleaner & more representative of their general use.
V6 has 4.33% average less false signals alongside 0% increase in lag (no delay of signals) = simply more accurate labels for confirming trends. See image below.
New Contrarian Signals algorithm that is less prone going against a trend successive times in a row with a faster execution speed. Same usability for catching reversals, better user experience. ๐ฆพ
2.) Indicator Overlays Upgrades
Reversal Zones are more stable & have much better usability compared to the old version.
Trend Catcher less prone to greatly deviating from the price.
Trend Tracer is more reactive with a greater degree of filtering.
3.) __Filtered Alert Creator revamped into Custom Alert Creator __
Now independent of a user selected signal condition and alert on any combination of selected conditions.
4.) Sensitivity Upgrade (Optibot on your charts)
Optimal Sensitivity now uses a grid search algorithm ๐
This is a big one and you may not notice unless you pay attention when optimizing signals. The Sensitivity setting is now far more flexible & easier to optimize signals with. No more need for using 'Agility', it is removed. "Optimal Sensitivity" is now much more precise as a way to find the best setting and it's far simpler to use on every ticker & timeframe... in which, has made Optibot completely redundant. As of now, it's removed. If we have a new optimization algorithm in-house we will add it & expand upon the original idea, however, as of now - it is replaced with Optimal Sensitivity which was upgraded in v6.
5.) New LuxAlgo Scanners are also LIVE with v6 + exits + Trend Catcher + PAC market structure across 125+ tickers & now supporting lower timeframes! Users can opt-in within our member area ( #๐get-access )
All of these changes we are very proud of. We understand you may have been expecting some flashy new overlay, or a crazy new signal mode, but this is the first time we've been truly confident enough in our improvements to the current algorithms that we've actually pushed a massive update to improve the efficiency & usability. Signals & Overlays is becoming a very mature product now itself, and we really hope you enjoy. As always, please feel free to send us feedback in #๐feature-requests channel โค๏ธ
๐จ FOR ACTIVE USERS: To update to v6 - Refresh TradingView, remove the indicator from your chart, and then add LuxAlgo Signals & Overlays back again from your invite-only scripts & save your chart layout!
Non-members can get access by signing up to any plan at https://luxalgo.com <-- @everyone