OPEN-SOURCE SCRIPT
💎DrFX Diamond Algo 💎
Diamond Algo - Multi-Feature Trading System
Advanced trading system combining Supertrend signals with multiple confirmation filters, risk management tools, and a comprehensive market analysis dashboard.
═══ CORE FEATURES ═══
• Smart Buy/Sell signals using modified Supertrend algorithm
• Multi-timeframe trend analysis (M1 to D1)
• Support & Resistance zone detection
• Risk management with automatic TP/SL levels (1:1, 2:1, 3:1)
• Real-time market dashboard with key metrics
• Multiple trend cloud overlays for visual confirmation
═══ SIGNAL GENERATION ═══
BUY Signal:
• Supertrend bullish crossover
• Price above SMA filter
• Optional smart signals (EMA 200 confirmation)
SELL Signal:
• Supertrend bearish crossunder
• Price below SMA filter
• Optional smart signals (EMA 200 confirmation)
═══ DASHBOARD COMPONENTS ═══
• Multi-timeframe trend status (8 timeframes)
• Current position indicator
• Market state analysis (Trending/Ranging/No trend)
• Volatility percentage
• Institutional activity monitor
• Trading session tracker (NY/London/Tokyo/Sydney)
• Trend pressure indicator
═══ VISUAL OVERLAYS ═══
• Trend Cloud: Long-term trend visualization
• Trend Follower: Adaptive trend line
• Comulus Cloud: Dual ALMA-based trend zones
• Cirrus Cloud: Short-term trend bands
• Smart Trail: Fibonacci-based trailing stop
• Dynamic trend lines with breakout alerts
═══ RISK MANAGEMENT ═══
• Automatic Stop-Loss placement (ATR-based)
• Three Take-Profit levels with Risk:Reward ratios
• Entry price labeling
• Optional distance and decimal customization
• Visual lines connecting entry to targets
═══ INPUT PARAMETERS ═══
Sensitivity (1-20): Controls signal frequency
Smart Signals Only: Filters for high-probability setups
Bar Coloring: Trend-based or gradient coloring
Dashboard Location/Size: Customizable placement
Multiple overlay toggles for clean charts
═══ BEST PRACTICES ═══
• Lower sensitivity (1-5) for swing trading
• Higher sensitivity (10-20) for scalping
• Enable Smart Signals for conservative approach
• Use dashboard to confirm multi-timeframe alignment
• Monitor volatility % before entering trades
═══ ALERT CONDITIONS ═══
• Buy Alert: Triggered on bullish signal
• Sell Alert: Triggered on bearish signal
• Trend line breakout alerts (automated)
═══ VERSION INFO ═══
Pine Script: v5
Max Labels: 500
Repainting: Minimal (uses confirmed bars for signals)
```
Advanced trading system combining Supertrend signals with multiple confirmation filters, risk management tools, and a comprehensive market analysis dashboard.
═══ CORE FEATURES ═══
• Smart Buy/Sell signals using modified Supertrend algorithm
• Multi-timeframe trend analysis (M1 to D1)
• Support & Resistance zone detection
• Risk management with automatic TP/SL levels (1:1, 2:1, 3:1)
• Real-time market dashboard with key metrics
• Multiple trend cloud overlays for visual confirmation
═══ SIGNAL GENERATION ═══
BUY Signal:
• Supertrend bullish crossover
• Price above SMA filter
• Optional smart signals (EMA 200 confirmation)
SELL Signal:
• Supertrend bearish crossunder
• Price below SMA filter
• Optional smart signals (EMA 200 confirmation)
═══ DASHBOARD COMPONENTS ═══
• Multi-timeframe trend status (8 timeframes)
• Current position indicator
• Market state analysis (Trending/Ranging/No trend)
• Volatility percentage
• Institutional activity monitor
• Trading session tracker (NY/London/Tokyo/Sydney)
• Trend pressure indicator
═══ VISUAL OVERLAYS ═══
• Trend Cloud: Long-term trend visualization
• Trend Follower: Adaptive trend line
• Comulus Cloud: Dual ALMA-based trend zones
• Cirrus Cloud: Short-term trend bands
• Smart Trail: Fibonacci-based trailing stop
• Dynamic trend lines with breakout alerts
═══ RISK MANAGEMENT ═══
• Automatic Stop-Loss placement (ATR-based)
• Three Take-Profit levels with Risk:Reward ratios
• Entry price labeling
• Optional distance and decimal customization
• Visual lines connecting entry to targets
═══ INPUT PARAMETERS ═══
Sensitivity (1-20): Controls signal frequency
Smart Signals Only: Filters for high-probability setups
Bar Coloring: Trend-based or gradient coloring
Dashboard Location/Size: Customizable placement
Multiple overlay toggles for clean charts
═══ BEST PRACTICES ═══
• Lower sensitivity (1-5) for swing trading
• Higher sensitivity (10-20) for scalping
• Enable Smart Signals for conservative approach
• Use dashboard to confirm multi-timeframe alignment
• Monitor volatility % before entering trades
═══ ALERT CONDITIONS ═══
• Buy Alert: Triggered on bullish signal
• Sell Alert: Triggered on bearish signal
• Trend line breakout alerts (automated)
═══ VERSION INFO ═══
Pine Script: v5
Max Labels: 500
Repainting: Minimal (uses confirmed bars for signals)
```
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.