Signals & Modes
Last updated
Last updated
Signals are confirmed at the opening of the next candle, if you see a signal displayed on the most recent candle remember that it might be subject to change.
The "Trading Signals" settings in Angel Algo offer three distinct signal modes designed to help traders identify optimal entry and exit points based on different market conditions and strategies. Below is a detailed description of each signal mode:
1. Angel Trend
The "Angel Trend" signal mode is designed to provide traders with reliable trend-following signals. This mode focuses on identifying the overall direction of the market and generating buy or sell signals based on the prevailing trend.
Purpose: To identify and follow the market trend.
Buy Signal: Generated when the algorithm detects a strong upward trend.
Sell Signal: Generated when the algorithm detects a strong downward trend.
Usage: Best suited for traders who prefer to follow the trend and capture major price movements.
2. Angel Trend + Strong
The "Angel Trend + Strong" signal mode builds upon the basic trend-following approach of the Angel Trend mode by adding an extra layer of confirmation. This mode not only identifies the trend but also looks for additional strong signals that confirm the trend direction, providing traders with more robust and reliable entry points.
Purpose: To provide stronger confirmation of trend direction with additional filters.
Buy Signal: Generated when both the trend is upward and strong confirmation signals are present.
Sell Signal: Generated when both the trend is downward and strong confirmation signals are present.
Usage: Ideal for traders who seek higher confidence in their signals and are willing to wait for stronger confirmation before entering a trade.
3. Angel Contrarian
Utilizing the signals provided within our toolkit in conjunction with other features is highly recommended for optimizing your trading strategy. Combining these signals with complementary tools enhances their effectiveness and improves decision-making capabilities.
The "Angel Contrarian" signal mode is designed for traders who prefer to trade against the prevailing trend. This mode identifies potential reversal points where the current trend might be weakening, providing buy or sell signals that anticipate a market reversal.
Purpose: To identify potential trend reversals and trade against the current market direction.
Buy Signal: Generated when the algorithm detects that the downward trend is losing strength and a reversal is likely.
Sell Signal: Generated when the algorithm detects that the upward trend is losing strength and a reversal is likely.
Usage: Suitable for contrarian traders who look to capitalize on market corrections and reversals.
