AlgoAlpha User Manual
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      • Settings
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  1. Premium Indicators
  2. Smart Signals Assistant
  3. Settings

Trend Cipher Settings

Configuration and Parameters

1. Enable/Disable Trend Cipher

  • Option: Toggle On/Off

  • Description: Enable or disable the Trend Cipher component. This control is useful if you want to focus on other SSA components without visual clutter.

2. Trend Cipher Period

  • Default Value: 120

  • Description: Sets the main period for trend identification. A higher value results in smoother signals that reflect long-term trends, while a lower value makes the Trend Cipher more responsive to short-term market changes.

  • Usage Tip: Adjust this parameter based on your trading style. For swing trades, use a longer period. For intraday scalping, a shorter period is ideal.

3. Show Signal Strength (Beta)

  • Option: Toggle On/Off

  • Description: When enabled, a "+" will appear next to buy (▲) or sell (▼) signals to denote high-confidence or stronger signals.

  • Usage Tip: This feature is in beta testing; use it as a guide but verify with other indicators or price action analysis to confirm entries.

4. Take Profit During Ranging Conditions

  • Option: Toggle On/Off

  • Description: Enabling this option allows take-profit (TP) signals to appear during ranging or neutral market conditions. These signals are shown as gray-colored bars on the chart by default.

  • Usage Tip: This is useful in choppy markets where minor price moves still provide trading opportunities. Disable this feature if you want TP signals only during clear trends.

5. Take Profit Signals

  • Option: Toggle On/Off

  • Description: Enables or disables the display of take-profit signals in the form of "X" markers on the chart.

  • Usage Tip: Enable this feature to be alerted to possible exit points during a trend. Adjust in tandem with the Max Take Profits setting to customize your take-profit strategy.

6. TP/SL Levels

  • Option: Toggle On/Off

  • Description: If enabled, TP and SL (Stop Loss) levels appear as static lines on the chart, providing visual cues for scalping and short-term trades.

  • Usage Tip: Recommended for scalping strategies where quick entries and exits are crucial. These levels help you capture profit and limit losses within each trend cycle.

7. Noise Reduction Factor

  • Default Value: 1.3

  • Step: 0.05

  • Description: Sets the level of noise filtering in the Trend Cipher signals. A higher value reduces the number of signals, filtering out minor price fluctuations.

  • Usage Tip: Increase this value if you are seeing too many false signals, but avoid setting it too high as it may filter out legitimate signals.

8. Max Take Profits per Signal

  • Default Value: 3

  • Description: Specifies the maximum number of take-profit signals displayed for each trend signal.

  • Usage Tip: Set a lower number if you prefer partial exits. For full exit at one level, set this value to 1.

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Last updated 6 months ago