SignalMaster V1 - Multi-Indicator Trading System

The SignalMaster V1 indicator integrates Stochastic RSI, RSI, and MACD into a comprehensive trading system to provide validated buy and sell signals. By merging momentum sensitivity with trend confirmation, it simplifies technical analysis and helps traders identify high-probability entry and exit points.

Usage

The Usage section describes how the script can be used, examples should be provided in this section. This section also focuses on how main settings affect the indicator interpretation and output.

The indicator generates four distinct types of signals based on market conditions:

• Strong Buy (Green Label): Occurs when the Stochastic RSI is oversold and the standard RSI is at or below the oversold threshold (default 35). This indicates a deeply oversold market with high reversal potential.
• Weak Buy (Blue Label): Triggered when Stochastic RSI is oversold but the RSI is between the oversold and neutral levels (36–50), suggesting an early recovery phase.
• Strong Sell (Red Label): Occurs when the Stochastic RSI is overbought and the RSI is at or above the overbought threshold (default 65).
• Weak Sell (Orange Label): Triggered when Stochastic RSI is overbought but the RSI is between the neutral and overbought levels (50–64).

Traders can utilize the built-in Support and Resistance zones to filter these signals. For example, a Strong Sell signal appearing near a resistance zone carries higher technical weight than one in open space.

Details

The SignalMaster V1 employs a multi-layered validation logic to reduce market noise:

• Stochastic RSI: Acts as the primary trigger for overbought/oversold conditions.
• RSI: Functions as a momentum filter to categorize signal strength.
• MACD: Provides trend confirmation. When enabled, signals only trigger if the MACD shows weakening counter-trend momentum (e.g., bearish momentum fading for a buy signal).
• Candle Confirmation: An optional price action filter that requires a green candle for buys and a red candle for sells.
• ADX Filter: An optional trend strength filter that prevents signals during low-volatility or ranging markets (ADX < 25).
• Multi-Timeframe Table: A dynamic dashboard monitors signal status across 5m, 15m, 1h, 4h, and 1D timeframes, allowing for trend alignment analysis without switching charts.

Settings

Stochastic RSI Settings

• Stochastic RSI Length: The lookback period for the RSI used in the stochastic calculation.
• Stochastic Smoothing (Slow K): The smoothing period for the %K line to reduce false triggers.
• Stoch RSI Overbought/Oversold Level: Thresholds for the primary signal trigger.

RSI Settings

• RSI Length: The lookback period for the standard RSI momentum filter.
• RSI Overbought/Neutral/Oversold Level: Levels used to determine if a signal is classified as "Strong" or "Weak."

MACD Settings

• MACD Fast/Slow/Signal Length: Standard parameters for the MACD trend-confirmation component.

ADX Settings

• ADX Length: The period for trend strength calculation.
• ADX Limit: The minimum value required for signals to generate when the ADX filter is enabled.

EMA Settings

• Show EMAs: Toggle to display 20, 50, and 200 Exponential Moving Averages on the chart.

Conditions

• Enable MACD Trend Condition: Filters signals based on MACD line direction.
• Enable Candle Color Condition: Requires price action direction to match the signal.
• Enable ADX Condition: Filters signals based on a minimum trend strength threshold.

Support/Resistance Zones

• Show Support/Resistance Zones: Toggles the visualization of historical reversal levels.
• Reversal Count: The number of bars required to validate a price level as significant.

FAQ

How do I differentiate between a Strong and Weak signal? Strong signals (Green/Red) indicate that both the Stochastic RSI and the standard RSI are in extreme overbought or oversold territory. Weak signals (Blue/Orange) indicate that while the Stochastic RSI is extreme, the standard RSI is still in a neutral-to-trending zone.

Can I hide the multi-timeframe table if it blocks my view? Yes, you can disable the "Show Signal Table" setting entirely, or use the individual timeframe toggles to only show the specific timeframes relevant to your strategy.

How can I access the SignalMaster V1? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.