Million Moves Algo v4.3

🧠 Million Moves Algo v4.3 – Technical Description
🎯 General Purpose

The "Million Moves Algo v4.3" is a multi-functional trading indicator designed to identify high-probability buy and sell signals, combining trend-following, reversal detection, and volatility analysis. It’s built for both day trading and swing trading, with a strong focus on signal clarity and adaptability.
🧩 Core Components
✅ 1. Main Trade Signals

Buy/Sell Signals:

Triggered by crossovers with a customized SuperTrend algorithm.

Filtered using short-term SMAs (8, 9, 13) and signal strength (measured relative to ATR).

Includes spacing control (signalSpacing) to avoid cluttering the chart.

Two display modes:

"All Signals": shows all valid signals.

"Smart Signals": filters and displays only the strongest/high-conviction signals.

Reversal Signals (Reversal Up / Reversal Down):

Based on RSI crossovers with overbought/oversold levels (75/25).

Trigger only if signal strength and spacing filters are met.

Ideal for identifying early trend shifts.

✅ 2. Trend Management Tools

200 EMA: used as a long-term trend filter.

Trend Ribbon:

A visual trend band made of multiple EMAs (25 to 55).

Colors shift dynamically: pink for bullish trends, cyan for bearish.

Trend Cloud:

Formed by EMAs 150 and 250.

Green when EMA150 > EMA250, red when the opposite.

Chaos Trend Line:

Uses EMA(20) and EMA(55) crossover to define overall trend direction (uptrend or downtrend).

✅ 3. Informative Dashboard

Displays:

Current volatility level (Very Low, Low, High, Very High), based on a custom ATR/stdev formula.

RSI value in real-time, with green if RSI > 50 and red if RSI < 50.

Users can customize the position and size of the dashboard.

✅ 4. Optional: Risk Management with TP/SL

Built-in section prepared to show:

Take-Profit levels: TP1, TP2, TP3

Stop Loss based on ATR multiples.

Risk module is present but not fully implemented visually yet.

Can be enabled through the input panel (riskmanage, tpstrength).

⚙️ Key Customizable Parameters

Signal Sensitivity: Controls frequency of signal triggers (higher = fewer signals).

Minimum bar spacing between signals.

Signal strength filter (based on distance from SuperTrend).

Candle color/style: options include trend-based, MA-based, or "CleanScalper".

Enable/disable visual tools: Trend ribbon, trend cloud, chaos line, moving average, dashboard, etc.

🔔 Alerts

The script includes ready-to-use conditions for:

Buy Signals

Sell Signals

Reversal Up

Reversal Down

These are currently commented out but can be activated by simply uncommenting the alertcondition() lines.

👨‍💻 Best Suited For...

Intraday traders operating on short timeframes (1min, 5min, 15min, 1h).

Swing traders seeking strong trend confirmation or early reversal opportunities.

Traders who prefer a structured, visual trading system with customizable behavior.