This indicator offers the same deal start conditions available on Backtest script but now as an external signal so you can not only backtest but also set up alerts.
You can use the backtest script to backtest this indicator as an external signal and then once happy with the backtest results send directly tradingview alerts to your own bots on any exchange.
It supports most of the deal start conditions currently available for DCA bots on binance.com for example:
- TV technical ratings: buy, sell, strong buy, strong sell.
- RSI
- MFI
- CCI
- Ultimate Oscilator
- QFL
- min volume filter
Once added to the chart it will plot one when the deal start condition is true and zero when is not.
The conditions can be used in long or short strategy mode.
The biggest advantage compared to using it separately from the DSC already available in the backtest script is that because this is a separated study it will perform faster than the backtest and it resolves repainting issues. This two aspects make these indicator better suited for real time trading while still being able to connect to the backtest as an external indicator therefore still backtestable.
Now you can backtest symbols on any exchange and once your strategy is ready you then can send alerts directly to your bots.