OPEN-SOURCE SCRIPT
Signal Composer
Updated
This Signal Composer script can compose existing signals from other "Signal Indicators" into one and can forward it to the "Template Trailing Strategy".
It allows the user to combine the logic of two signals and define the conditions that will trigger the start, end, cancel start, and cancel end deals of the produced signal. A signal will be composed from those user-defined conditions.
For example, one signal indicator may have the main logic and the other the filter logic. If you want to combine more signals you may add two Signal Composer scripts and pipe the output of the first composer to the second one.
This is the "main building block" of creating a bit more complex strategies without writing any code.
The "indicator on indicator" feature is needed so you can forward the resulting signal to the "Template Trailing Strategy" so that you can set take profits, stop losses, custom alerts, and all other nifty features this framework provides.
Thus, you should be a Plus or Premium user to get its full potential. It is very convenient for those who want to create a strategy without coding their own signal indicator and for those who want to fast-prototype various ideas based on simple but composable conditions.
It can nicely be combined with the "Signal Adapter" which combines simple (non-signal) indicators and produces a signal. This is a recipe to build fast and backtest more complex strategy logic.
This approach has a fail-fast mentality! Keep, in mind that you can code a single signal indicator with your composed logic later on only if the idea turns out to be "good enough".
It allows the user to combine the logic of two signals and define the conditions that will trigger the start, end, cancel start, and cancel end deals of the produced signal. A signal will be composed from those user-defined conditions.
For example, one signal indicator may have the main logic and the other the filter logic. If you want to combine more signals you may add two Signal Composer scripts and pipe the output of the first composer to the second one.
This is the "main building block" of creating a bit more complex strategies without writing any code.
The "indicator on indicator" feature is needed so you can forward the resulting signal to the "Template Trailing Strategy" so that you can set take profits, stop losses, custom alerts, and all other nifty features this framework provides.
Thus, you should be a Plus or Premium user to get its full potential. It is very convenient for those who want to create a strategy without coding their own signal indicator and for those who want to fast-prototype various ideas based on simple but composable conditions.
It can nicely be combined with the "Signal Adapter" which combines simple (non-signal) indicators and produces a signal. This is a recipe to build fast and backtest more complex strategy logic.
This approach has a fail-fast mentality! Keep, in mind that you can code a single signal indicator with your composed logic later on only if the idea turns out to be "good enough".
Release Notes
Refactor and update internal libraries
📧 Contact info
Discord: jason5480#0463
Telegram: @jason5480
₿ Addresses
BTC - bc1qxh3jeld7ke70fx3r5q243d96jsx0etth6x8fa7
ERC20 - 0xf2757DfC1e11A08c96EC93EA8684B024E9367aad
* Please contact me before any donation ☕
Discord: jason5480#0463
Telegram: @jason5480
₿ Addresses
BTC - bc1qxh3jeld7ke70fx3r5q243d96jsx0etth6x8fa7
ERC20 - 0xf2757DfC1e11A08c96EC93EA8684B024E9367aad
* Please contact me before any donation ☕
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.