UT Bot Alerts (T-15s Confirm)

The UT Bot Alerts (T-15s Confirm) indicator provides automated buy and sell signals based on ATR trailing stops with an integrated countdown logic to confirm signal validity before a candle closes.

Usage

The Usage section focuses on how the script identifies trend reversals and confirms them through time-based filters. The indicator plots "Buy" and "Sell" labels on the chart when price crosses the ATR-based trailing stop line.

A unique feature of this tool is the T-15s Confirmation. While standard indicators might trigger a signal that disappears if the price retraces (repainting during the bar), this script tracks if a signal is active within the final 15 seconds of the current timeframe's candle. This allows traders to receive alerts that are highly likely to remain fixed once the bar closes, reducing the impact of "fakeout" signals that occur mid-bar.

Users can also toggle Heikin Ashi calculations to smooth out price action and potentially reduce noise in volatile markets.

Details

The script utilizes a Trailing Stop calculation derived from the Average True Range (ATR). It compares the current source price (either standard Close or Heikin Ashi Close) against the ATR Trailing Stop.

• A Buy signal is triggered when an EMA of the price crosses above the trailing stop while the price is above that stop.
• A Sell signal is triggered when the EMA crosses below the trailing stop while the price is below that stop.

The alert logic monitors the time_close variable to determine the remaining time in the bar. If a signal is present and the time remaining is 15 seconds or less, a specific "T-15" alert is fired.

Settings

• Key Value (Sensitivity): A multiplier for the ATR. Increasing this value makes the indicator less sensitive to price fluctuations, resulting in fewer but potentially more reliable signals.
• ATR Period: The lookback period used to calculate the Average True Range, determining the volatility-based distance of the trailing stop.
• Signals from Heikin Ashi Candles: When enabled, the indicator calculates all logic based on Heikin Ashi price data rather than standard candle closes.

FAQ

How do I access UT Bot Alerts (T-15s Confirm)?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.

What is the benefit of the 15-second confirmation?

It helps traders prepare for a trade execution just before the candle closes, ensuring the signal is stable without waiting for the full start of the next bar.

Can I use this on any timeframe?

Yes, the script adapts to any timeframe. However, the 15-second confirmation is most significant on timeframes higher than 1 minute (e.g., 5m, 15m, 1h).