We periodically push updates to our premium indicators to add new features. The current version of our main indicator is Lux Algo v3.0.
How To Install Updates To Lux Algo
To receive an update: 1.) Refresh your browser or mobile app. 2.) Remove the indicator from your chart. 3.) Re-add it from your invite-only indicators.
A fully updated Lux Algo Premium indicator should appear:
You'll know you have the newest Lux Algo V3 by checking on the Lux Dashboard for the small "v3" at the bottom right.
Tip: Make sure to save your chart layout on TradingView after successfully installing an update so you can ensure it will stay:
You can read through the complete Lux Algo Changelog of our updates since inception here
The Lux Algo Signal input settings are described below:
Sensitivity - can be adjusted for reducing noise and decreasing or increasing the amount of signals on your chart. The higher the sensitivity the less signals appear. Best to adjust this first.
Agility - allows our algorithm to avoid ranging markets - behaving like a subset of sensitivity, thus increasing the amount of "Strong" confirmation signals. Optional setting you can adjust once Sensitivity is optimized.
Default settings = (12, 26) - These settings have been decided by our team as a good starting point for every market. They generally perform well although it is smart to adjust the settings to your liking / trading style.
To adjust settings, do the following on your chart:
Most users find a range for sensitivity between 8-30 and for agility between 15-50. You can adjust these however you find best, or just use the default which generally have a great performance across every market.
Although we provide suggested settings by default, there are no "best settings" that make sense to mention because trading is very personal per asset and timeframe. It is smart to adjust the settings per the assets & timeframes you trade.
The scanners are found within our Discord server once you've been granted access to Lux Algo after purchasing.
We have thousands of Lux Algo signals setup from every major market in the server so you don't have to go through the headache of setting up all the alerts yourself on TradingView directly. These alerts are not meant to be followed blindly, they are ideas for potential trades.
You can also setup mobile push notifications in our Discord server for these alerts.
If you can't see these scanners in our Discord and you've already purchased, email support@luxalgo.com with your order number and Discord username and our team will grant you VIP access immediately.
We have thousands of automated alerts scanning every market 24/7 within our Discord server so you don't have to setup many alerts manually, although if you wish to setup your own custom alerts on TradingView you can follow the guide below: Click alerts on the right under your watchlist, select Lux Algo as your condition, whichever signal you want to be alerted on, and make sure to use "Once per bar close".
When you set up an alert, click "Continue anyway" (Read more info below)
**Our signals do NOT repaint, the reason this appears is due to the Lux Dashboard which is automatically removed from the previous candle & moved to the current candle which TradingView counts as repainting.
Best used during trending market conditions - the most widely used signals which give users a better ability to hold winning trades & take profit at better times.
"Strong" signals indicate a higher likelihood the Buy/Sell signal is going with the trend.
Contrarian Signals:
Best used only during ranging market conditions - these signals go against the trend and can help you take advantage of sideways market conditions.
Having two separate modes for Buy & Sell signals is a more realistic approach that gives users the options to take advantage of any market conditions rather than being limited to just one use case.
Green = Strong Buy signal active. Red = Strong Sell signal active. Purple = Normal Buy or Sell signal active.
Contrarian Candles Mode
Red = Indicates a potential reversal is detected. Violet = Indicates a reversal is *almost* detected. Blue = Continuation of the trend is likely, no reversal detected.
Gradient Confirmation Candles Mode
Similar affect to confirmation candles mode with 100 color shades to better represent market conditions.
Control Candles Mode
Blue = Bulls in control. Red = Bears in control. Violet = Equal control between bulls vs bears.
Usability Tip: Enable an opposing candle color mode to your signal mode to see both sides of our algorithm at once. (e.g. using Confirmation Signals Mode & Contrarian Candles Mode or vice versa)
Within one simple panel on your chart, Lux Dashboard displays the most relevant data from all of our features in real-time.
The information on the dashboard aims to help you identify if a market is ranging or trending via seven (7) different features. Users see this information updated in real-time to help them get a better understanding of any market / timeframe.
Identifying the state of the market with Lux Dashboard can be extremely powerful for your trade decisions along with knowing which Signals Mode is likely to perform better.
This mode allows you to select 2 different & powerful indicators to display directly on your charts and compliment your trades.
Reversal Zones Mode - When enabled, two gradient colored bands will appear which are helpful for spotting areas where the market is likely to reverse. These can be great for early entries & taking profit alongside our buy & sell signals.
The Lux Algo EQ Cloud- When enabled, a gradient cloud will appear on your chart to help you with following trends & checking your directional bias.
How To Use EQ Cloud:
Price holding cleanly above the cloud = bullish Price holding cleanly below the cloud = bearish
By using these two powerful indicators together, you can spot many potential trade setups at once to use alongside our Buy & Sell signals for confirmation or create your own & unique strategy! You can select "Both" via the Indicator Overlay settings to display this on any chart.
1. The Predictive Range S/R method detects full ranges in real time by displaying 5 lines on your chart. This can be helpful during ranging market conditions to immediately have areas to enter positions or take profit.
2. The Predictive Support/Resistance method within Lux Algo Premium is a novel and powerful algorithm able to identify & predict significant support and resistance levels in real-time.
With this feature, along with the Predictive Ranges, you can find relevant horizontal levels directly in real-time rather than after the fact which is powerful for finding early entries or take profit zones alongside our signals for confirmation.
Via the Support/Resistance Method dropdown menu, you can select other methods as well.
3. The Auto-Trend Lines plot directly on any ticker/timeframe to help you avoid the manual labor of drawing them and also can give you new perspectives in any market you may not have noticed before.
Lux Oscillator comes complementary with your subscription to Lux Algo. It can also be found in your Invite-Only Scripts after purchasing.
5 Unique Modes & A Dashboard
1.) Confirmation - Detects uptrends or downtrends as well as divergences based on the same methodology of confirmation signals in Lux Algo Premium
2.) Normalized Confirmation -Same methodology of "Confirmation" mode, but normalized to show overbought & oversold levels
3.) Cycle - Holding a predictive power based on periodic aspects while staying correlated to the price, the cycle mode can help users infer the direct price is taking and also spot divergences.
4.) Legacy - Combines earliness of stochastics whilst using the accuracy of moving averages to provide interpretations of trends & divergences
5.) Directional Heatmap - Derived from the directional matrix in Lux Algo Premium, it returns the direction of indicator periods over time.
Oscillators Sentiment Dashboard - Shows in a percentage across each category between 4 oscillator modes the sentiment of bullish or bearish in real time.
You can lean more about Lux Oscillator in detail on our docs.
Lux Volatility comes complementary with your subscription to Lux Algo Premium and can also be found within your invite-only scripts.
Lux Volatility Premium
This indicator measures the volatility of any market from 0-100%. It's powerful for spotting ranging markets where it's likely smart to avoid trading or utilize the Contrarian Signals Mode.
LV provides great confluence for when to trust a trend to occur as well as spotting extremes in the market where impulse moves are likely to end.
Conclusion
Volatility low = Market is in a sideways state and a bigger impulse move is likely beginning to form.
Volatility high = Current impulse move is likely beginning to get exhausted.
Volatility normal = The current move likely has more room to continue.
Lux Algo works on any market internationally including stocks, indices, forex, futures and commodities on all timeframes including 1m, 5m, 30m, 1H, 4H, 1D, 1W, etc. You can utilize our system & signals for scalping, swing trading, or even trading options as well.
There is no "best timeframe" as it really all depends on the current market conditions, your trading style, and other factors. We generally recommend to try trading higher timeframes with Lux but many of our users optimize Lux for lower timeframes and find success.
We do not provide back-testing data or a specific % accuracy for our Confirmation or Contrarian signals since Lux Algo Premium was designed as an all-in-one indicator with many different features & tools built in for you to optimize as your own trading system.
Signals are not meant to be followed blindly and are best used as additional confirmation alongside your trades, hence the name "Confirmation Signals".
However, we can say that with Lux Algo V3, we have made our signals much more accurate. They provide much greater noise filtering whilst still providing the same & at many times earlier signals than previous versions of Lux Algo.
A signal is confirmed only once the candle is closed. Meaning a signal could appear on your chart but is not confirmed until that candle is closed and the next candle has started.
Our automated Discord bots will never notify you on any signal until the candle has closed and confirmed it. If you're adding alerts for Lux signals in TradingView - make sure to select "Once per bar close".
You don't need to upgrade TradingView, our product works with 100% functionality on the basic plan of TradingView (free). You can sign up for free here.
You don't need much experience to understand the signals & features provided by Lux.
However, trading can be difficult and takes time to learn regardless of our indicators on your charts. If you're new to trading / technical analysis in general, we recommend paper-trading at first until you get familiar with how it all works & build some confidence in the markets.
There is no magical indicator, algorithm, robot, EA, or signal provider that will enable you to effortlessly make money in the markets. You can learn more about how our indicators work here.
We designed Lux Algo as a system of tools for you to use to create your own & unique trading strategies with. Our indicators were not designed for auto-trading. While you could technically set it up on third-party platforms, we do not recommend it.
Our product works on TradingView(free web-based charting platform) and you can trade anywhere based on those charts, you won't be able to directly see Lux on MT4, MT5, or Thinkorswim charts.
TradingView supports real-time data for the majority of tickers you can find on the platform. Only a small portion of them (mostly futures contracts) require a small monthly fee to access real time data.
If you've already been given access to Lux Algo Premium after purchasing and you're seeing this alert, refresh your browser and make sure you're logged in on the TradingView profile you gave us.
If you have not signed up with us, you'll see this alert when trying to add our script to your chart. You can sign up here: https://luxalgo.com/products/lux-algo
You can cancel your subscription anytime by entering your email at the link below and clicking the first link it sends you, or by reaching out to support@luxalgo.com.
No, the price you signed up for is the price you will keep forever as long as you stay signed up. We will never change the price of your subscription. All members are grandfathered in to the price they first signed up at regardless of any price increases we do in the future.
You can upgrade your monthly subscription at anytime during your subscription by purchasing one of our exclusive plans at the bottom of our sign up page.
Once you go ahead & purchase a quarterly or yearly plan, we ensure your monthly subscription is cancelled for you and add on the remaining amount of time left to your new plan.
After signing up, please allow us around 4-8 hours to grant you access to Lux Algo Premium on TradingView. It's a manual process by our team.
If you provided your Discord username during checkout (optional) you'll receive the VIP role at the same time. If you still need access to our VIP Discord alerts after signing up, send an email to support@luxalgo.com with your order number and Discord username and we'll take care of it as soon as possible.
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