Enigma Unlocked

The Enigma Unlocked indicator provides a comprehensive multi-timeframe market bias analysis and success tracking system designed to identify trend direction and evaluate trade performance.

Usage

The Enigma Unlocked tool is used to identify trend alignment across multiple timeframes. By observing the bias table, traders can look for confluence where several timeframes show the same sentiment (Bullish or Bearish).

• Multi-Timeframe Bias: The tool monitors Daily (D) down to 1-Minute (1M) timeframes. A Bullish bias is identified when the current price closes above the previous timeframe's high, while a Bearish bias occurs when it closes below the previous low.
• Success Tracker: The indicator tracks "Buy Wins" and "Sell Wins" based on whether price continues in the direction of the bias after breaking key levels. This allows users to objectively measure the historical effectiveness of current market conditions.
• Retest Signals: The script highlights instances where price returns to key identified levels, providing potential entry or exit points based on retest sensitivity.

Details

The script executes logic to compare current closing prices against historical swing highs and lows.

• Bias Logic: The "Neutral" state is assigned when the price remains range-bound between the previous period's high and low.
• Win/Loss Calculation: A "Win" is registered if the price makes a new high (for buys) or new low (for sells) after the bias has been established. If the price fails to trend and reverses, it is logged as a "Loss."
• Dynamic Intervals: Statistics for trade success can be reset based on user-defined tracking periods such as days, weeks, or months to reflect recent market volatility.

Settings

Main Settings

• Max Number of Previous Trades: Determines how many historical signal levels are maintained on the chart.
• Line Length: Sets the horizontal extension length for the signal levels.
• Retest Sensitivity: Adjusts the pip threshold for detecting when price is "touching" a key level.
• Lookback Period: Defines the number of bars used for the initial bias calculations.

Visual Settings

• Table Position: Allows users to move the Multi-Timeframe table to different corners of the chart.
• Line Style: Customizes the appearance of level lines (Solid, Dashed, or Dotted).
• Show Labels: Toggles the visibility of "Buy" and "Sell" text labels on the chart.

FAQ

How do I interpret the Multi-Timeframe Table? The table displays "Bullish" (green), "Bearish" (red), or "Neutral" (blue) status for each timeframe. Alignment across multiple rows typically suggests a stronger trend.

How is the Success Rate calculated? It tracks how many times the price successfully continued in the direction of a signal versus how many times it failed to reach a new high/low after the signal triggered.

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