Premium TradingView Indicator by AlgoAlpha — Trend Following
This script is a multi-symbol screener that serves as a dashboard companion to the "Smart Signals Assistant (SSA)" indicator. Its purpose is to monitor the entire suite of SSA components—from the core signals to all confluence tools—across a customizable watchlist of up to 18 assets. By displaying the real-time status of each indicator in a single table, it allows traders to get a bird's-eye view of the market, quickly identify assets with strong trend confluence, and filter for high-probability setups without needing to switch charts.
This script is a multi-symbol screener that serves as a dashboard companion to the "Smart Signals Assistant (SSA)" indicator. Its purpose is to monitor the entire suite of SSA components—from the core signals to all confluence tools—across a customizable watchlist of up to 18 assets. By displaying the real-time status of each indicator in a single table, it allows traders to get a bird's-eye view of the market, quickly identify assets with strong trend confluence, and filter for high-probability setups without needing to switch charts.
The screener is designed to mirror the modularity of the main SSA indicator, allowing you to enable or disable components in the table to match your preferred trading dashboard.
This screener organizes the complex data from the SSA indicator into a simple, color-coded table. Here is a breakdown of each column and its possible values:
Displays the ticker symbol for the asset being analyzed.
Shows the latest signal from the core engine.
A standard bullish signal has been detected.
A standard bearish signal has been detected.
A strong bullish signal with higher conviction has been detected.
A strong bearish signal with higher conviction has been detected.
Indicates the trend direction based on the volatility trail.
The FVT is in a bullish trend (acting as dynamic support).
The FVT is in a bearish trend (acting as dynamic resistance).
Shows the direction of the core underlying trend.
The underlying trend backbone is bullish.
The screener is built directly on the analytical framework of the Smart Signals Assistant, applying its complex, proprietary algorithms to each symbol in your watchlist and summarizing the results. The combination of these different analytical concepts is what gives the screener its utility, as it helps traders find opportunities where multiple, distinct strategies align.
Each column in the table represents a core trading concept: Smart Signals: This is the primary signal engine, designed to identify potential entry points. It operates in different modes to capture both long-term swings and faster scalping opportunities. Fair Value Trail (FVT): This component provides a dynamic, volatility-adjusted baseline for the trend. It acts as a form of dynamic support or resistance, helping to confirm the validity of a trend shown by the Smart Signals. Trend Spine: This tool is designed to identify the underlying "backbone" of the market's trend. It filters out short-term price noise to provide a more stable, clear indication of the dominant market direction. Trend Bias: This measures the strength and conviction behind a trend. It helps distinguish between a strong, accelerating move and a weak, decelerating one, adding a layer of momentum analysis. Firmament Clouds: These are volatility-based bands that create dynamic overbought and oversold zones. They help identify when price is potentially overextended and due for a pullback or consolidation. Trend-Range Classifier (TRC): A machine-learning model that analyzes market characteristics to classify the current environment as either "Trending" or "Ranging." This is crucial for helping traders apply the right strategy for the current conditions.
The main purpose of the screener is to quickly identify assets where multiple components of the SSA system are in alignment, indicating a high-confluence trading opportunity.
1. Setup and Configuration: Add the screener to your chart. Go into the settings and populate the "Watchlist" group with the symbols you wish to monitor. Ensure the settings for the components (Time Horizon, Signal Mode, etc.) are synchronized with the settings on your main SSA indicator for consistency.
2. Interpreting the Columns for Trading Decisions: Start with the Big Picture (TRC): First, look at the "Trend-Range Classifier" column. If it shows "Trend," you should be looking for trend-following setups. If it shows "Range," you might avoid taking strong trend signals. Establish Directional Bias (Spine & Bias): For trend-following, look for assets where the "Trend Spine" and "Trend Bias" agree. A "▲" in the Spine column combined with a "Strong▲" in the Bias column indicates a healthy and robust uptrend. Time Your Entry (Smart Signals): Once you have an asset with a clear bias, watch the "Smart Signals" column for a fresh signal that aligns with that bias. A "▲+" signal appearing in an asset with a strong bullish bias across other columns is a high-confluence entry point. Add Context (FVT & Clouds): Use the "Fair Value Trail" and "Firmament Clouds" to refine your entry. A buy signal is generally stronger if the FVT is also bullish ("▲") and the price is not in a "Very Overbought" state according to the clouds. Manage the Trade (Exit Count): After entering a trade, keep an eye on the "Exit Signal Count." As the number increases, it serves as a warning that the trend is becoming extended and it might be time to take partial profits or tighten your stop-loss.
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Screener (SSA) is available with our Indicators or VIP Bundle plans.