Signals ⋀⋁

📈 Visual Elements & Signal Systems

EZ Algo™ displays several visual elements on your chart:

⚡ Two Distinct Signal Systems

Two distinct signal systems are built in, each designed for different trading approaches. Both systems offer a wide range of customization, open tunings, and filtering to give you ample options to fit your own needs.

🟢🔴 Buy | Sell Signals

The Buy | Sell signals are designed to identify potential market reversals and significant trend changes.

They are ideal for:

  • Swing traders

  • Traders aiming to capture larger price movements

💡 These signals can be adapted using auto-tuning modes to better capture shorter-term moves and intraday swings.

Signals

Toggle to enable/disable Buy | Sell signals

Label Style

Choose between:

  • Simple (▲ / ▼)

  • Detailed (BUY / SELL) labels

🧪 Filters

Apply additional confirmations from various indicators:

  • EZ Wave: Confirms signals with the EZ Wave indicator

  • Nova Trend: Requires Nova Trend alignment

  • Trend Sniper: Uses Trend Sniper for confirmation

  • Phantom Cloud: Filters with Phantom Cloud indicator

  • RSI: Incorporates RSI conditions

  • Volume Spike: Requires volume confirmation

🛠️ Signal Customization Settings

Sensitivity

Adjust how frequently signals appear (1–50) 🧪 Gives a wide range to experiment with how often signals are generated

Trend Strength Level

Set minimum strength requirement: None, 1, 2, 3, 4

🧭 Signal Interpretation

  • BUY Signal: Appears at potential bottoms or when a new uptrend is forming

  • SELL Signal: Appears at potential tops or when a new downtrend is beginning

  • Strong Signals: When certain filter conditions are met, signals may appear as "Strong Buy" or "Strong Sell", indicating higher conviction opportunities

🧠 Signal IQ System

When Signal IQ is enabled, each signal receives a quality score from 1–5:

  • 1–2: Weaker signals, often appearing during ranges or against the primary trend

  • 3: Moderate-quality signals with decent reliability

  • 4–5: High-quality signals with strong multi-factor confirmation

🖥️ Settings allow you to choose which AI # you want displayed on your charts 💡 TIP: Make sure the Detailed Label Style is turned on to display these numbers

🔄 Long | Short Signals

Long | Short signals provide more frequent trading opportunities and are optimized for:

  • ✅ Shorter timeframes

  • ✅ Trend-following strategies

⚙️ Settings: Long | Short Signals

Signals

Toggle to enable/disable Long | Short signals

Label Style

Choose between:

  • Simple (▲ / ▼)

  • Detailed (LONG / SHORT) labels

Filters

Same filter options as Buy | Sell signals

Sensitivity

Adjust frequency (0.1–50)

Trend Strength Level

Set minimum strength requirement: None, 1, 2, 3, 4

Auto Sensitivity Choose between:

  • Off: Manual sensitivity control

  • Sniper: For precise, less frequent signals

  • Swing: Balanced frequency for medium-term trading

  • Hold: Fewer signals optimized for longer-term positions

🔍 Signal Interpretation

  • LONG Signal: Suggests entry into an established uptrend

  • SHORT Signal: Suggests entry into an established downtrend

  • Signal Strength: When Signal IQ is enabled, each signal displays a quality score from 1–5

🧰 Signal Filtering

To improve signal quality, EZ Algo™ offers several filtering techniques:

  • Indicator Filters: Select a specific indicator to confirm signals

  • Trend Strength Filter: Only show signals above a certain strength threshold

  • Signal IQ: Filter out lower-quality signals (1–2) to focus on stronger ones (3–5)

  • Signal Mode: Choose to see all signals, only strong signals, or only buys/sells or longs/shorts

🧠 Understanding Signal IQ

The Signal IQ system uses an advanced algorithm to evaluate each signal's quality based on multiple factors:

  • Confluence with other indicators: How many indicators confirm the signal

  • Market structure: Position relative to key levels and recent price action

  • Trend alignment: Whether the signal follows the dominant trend

  • Volume confirmation: Presence of supporting volume patterns

  • Historical accuracy: Performance of similar signals in recent market conditions

📊 Signal IQ Scoring Breakdown

Each signal receives a score from 1–5:

  • 1: Minimal confirmation, higher risk

  • 2: Basic confirmation, moderate risk

  • 3: Solid confirmation across multiple factors

  • 4: Strong confirmation with multiple aligned indicators

  • 5: Exceptional confirmation with ideal conditions

Turning on Signal IQ labels # markers to showcase signal strength on the chart vs the LONG | Short Labels You can also showcase both labels i.e "Long - 5" for more information in the signal label

🤖 Signal IQ Visualization Options

You can visualize the Signal IQ score in three ways:

  • AI #: Shows a numeric score (1–5)

  • AI Score Stars: Displays stars (★) corresponding to the score

  • Detailed: Shows the full signal type and score in text format

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