HELP CENTER

(Assuming you've already created a free TradingView profile and signed up with us.

1.) From TradingView, select your ticker of choice. (Works on Mobile)

2.) Once you've chosen a ticker, select "Full-featured chart".

3.) Next, select the candlestick settings and make sure to change it to 'Heikin Ashi'.

Read more about Heikin Ashi candles

4.) Add Lux Algo V2 to your chart from your 'invite-only scripts' under 'indicators & strategies' (ƒ✕ symbol)

5.) You can now select any timeframe for any ticker with Lux Algo V2.

6.) You can also go into our settings and use these toggles: 

^{Read more about adjusting input settings}

Don't have a TradingView account? Sign up free here.

Signal Tags:

“Strong” (Green) = Strong Buy, high likelihood of bullish trend intact, look to get into a long position.

“Strong” (Red) = Strong Sell, high likelihood of bearish trend intact, look to get into a short position.

"Buy" =  Possible trend reversal but not 100% confirmed until a Strong Buy. Take profit on short positions and wait for another strong signal to trigger. (Purple candles active) 

"Sell" =  Possible trend reversal but not confirmed until a Strong Sell. Take profit on long positions and wait for another strong signal to trigger. (Purple candles active)

Candle Coloring:

Green candles = Strong buy active.

Red candles = Strong sell active.

Purple candles = Take profit, wait for the next signal to trigger, or exercise caution in your current position.

Gray Candles = Indecision or an early entry is presenting itself or the trend is changing. 

Note: You do not have to follow this exact terminology, if you see a sell signal and based on your analysis believe it is a good opportunity to enter short, go right ahead. If you just made life-changing money through a strong buy signal, it's probably best you don't wait for a sell signal to take profit. It's important to understand this is overall a tool and you can use it however you find it best. Our signals are not meant to be taken blindly. 

As a part of our 2.1 update, we added a toggle for our Equalizer Band which is an option for users to trade with extra confirmation, avoid false signals, and have a better understanding of the market whether trending or ranging. It can be turned on in the settings of Lux Algo V2.

Using The Equalizer Band

Taking inspiration from Ichimoku with our own calculations and smoothing, the Equalizer Band displays the presence of any market with more dynamic reversals and a precise representation of the market's equilibrium without displacement.

Rules & Techniques:

When enabled: 

- If price holds above the band, market is considered bullish and strong buys (green candles) are able to activate.

- If price holds below the band, market is considered bearish and strong sells (red candles) are able to activate.

- If price holds inside the band, market is considered indecisive and gray candles activate. Depending on how price reacts to the band it could be either an early entry being presented or a trend shift in the market too.

- If equalizer band is becoming thin, it means either the recent trend is potentially coming to an end, the market is moving sideways, or it means there is a strong likelihood of upcoming volatility.

- If equalizer band is growing in width, it means the trend is becoming stronger (bullish or bearish)

- If equalizer band is actively twisting multiple times, market is considered ranging and violent moves can happen in either direction until price holds cleanly above / below the band or until it establishes support or resistance on it.

- If price extends very far away from the band and an opposing signal to the trend appears, depending on the exhaustion of the trend / divergences it could be smart to trade it with a target of price revisiting the band.

- In the rare case a signal activates while price is still within the band, you can take it but with caution considering it's still indecisive and candles are gray.

Example 1

Sell signals called for a move back to the equalizer band which proved to be a buying opportunity when it held as support. Confirmation was given with Strong Buy signals and especially when price held cleanly above the band which led to a 30% move up.

Example 2

A 40% price increase within 1-2 days led many people and indicators into getting bullish, however with our equalizer band and gray candles, it was nothing but a bearish retest.

Works on every market and all timeframes, read more here.

Lux Oscillator comes complementary with your subscription to Lux Algo V2. It can also be found in your Invite-Only Scripts after purchasing.

How To Use Lux Oscillator

- Lux Oscillator uses crosses to detect trend reversals. A red fill indicates a bear trend whereas a blue fill suggests a bullish trend. 

- This combines the earliness of a stochastic whilst using the accuracy of moving averages. 

- You can increase the "Length" in the input settings if you wish to adjust to your required asset and timeframe. 

- This value can be changed large amounts whilst not sacrificing accuracy or adding delays which is something we are very proud of.

To understand divergences as shown in the image above, use this cheat sheet. 

Using Lux Oscillator in confluence with Lux Algo V2 signals

Spotting divergences with Lux Oscillator allows you to take some normal signals more seriously as potential trend reversals or opportunities for larger moves rather than just areas to take profit.

The oscillator overall provides users with more confluence and opportunities to spot reversals before they happen and our signals can be used as great directional confirmation with those plays.

Lux Volatility (LV) comes complementary with your subscription Lux Algo V2 and can also be found within your invite-only scripts.

Lux Volatility (LV)

This indicator measures the volatility levels of any given market from 0-100%. It's useful for spotting low volatility zones where it's likely smart to avoid trading and be aware that a big impulse move is likely in the near future.

Alongside our Lux Algo V2 signals, LV provides great confluence for when to fully trust an impulse move to occur as well as spotting extremes in the market where impulse moves are likely to end. 

When volatility holds cleanly between the two zones 25% and 75% it is a good sign the trend has more room left to go and the move isn't finished just quite yet. 

A great feature of Lux Volatility (LV) is that it has multi-timeframe capabilities.

For example, on the 4HR timeframe you could select the 1D volatility to appear rather than the current timeframe for a more macro picture of the market. In this scenario, this would have helped you avoid this extra choppy price range on the 4HR. 

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.

This isn't an oscillator to be used at all times, it's an additional tool which can help you avoid dangerous areas in the market where the best move is to either get out or consider switching to a different timeframe. Typically when volatility is very low on the higher timeframes, it's a good indication that the lower timeframes are going to perform better.

The Lux Dashboard is a toggle option within our Lux Algo V2 script which displays features from all of our Premium scripts in one place.

The live dashboard appears next to the current price and displays the current signal, volume, trend, volatility, and a suggested stop-loss that changes as the market moves. (Trailing Stop).

Use Cases

The ideal use case of the dashboard is to have easy access to important data which allows you to immediately look for confluence across different aspects of our trading system. 

For measuring volatility the dashboard will display a warning sign "⚠️" when volatility is above 75% which means the move is likely getting exhausted. It will also display the "⚠️" sign when the volatility is under 25% which indicates the market is likely entering a choppy zone and a big move is likely to occur in the near future. 

Read more about Lux Volatility here

"Trend" which is based on Lux Oscillator at Length 50 can help you know when to be cautious of signals. A buy signal can occur while the trend is still overall bearish and vice versa and this is another way to help you make better decisions when considering our signals.

The "Suggested Stop" is the price our algorithm suggests to place a stop-loss order (invalidation of a trade). This price adjusts in real time as the market moves whereas it can be used as a trailing stop loss order which helps you lock in profits as the trade goes in your favor. Read more about it here.

The dashboard can be toggled on & off at anytime by viewing the input settings on the Lux Algo V2.4 script.

A Strategy for Entries on Signals

You should know from our Signal Terminology that it's best to look for entries after Strong Buy or Strong Sell signals while normal signals are for taking profit or getting "flat" while waiting for a new Strong signal to appear.

Taking positions blindly or without any risk management is strongly discouraged with our system. Below is a simple strategy for increasing your probability of entering profitable trades and avoiding false signals.

Since our signals are confirmed on the candle close, a strategy that can increase your probability of being on the right side of the trade is placing a limit buy above the high of a Strong buy signal. 

As well as placing a limit sell below a Strong Sell signal as seen above ^

By following this systematic approach to entries, you can avoid bad entries, increase your probability of entering profitable trades, and overall trade with much more discipline. You can place these limit buy or sell orders on most exchanges / brokers across every global market.

Risk Management

Proper risk management plays a very important role for traders to be consistently profitable in the market. It's very important to take this seriously and apply it accordingly with or without our system.

Using a Stop Loss

A stop loss is your invalidation price of a trade. If price reaches a certain point, you would consider the trade invalid. We provide a "suggested stop" which can be found by enabling our Dashboard in the input settings.

This suggested stop adjusts in real-time as the market moves which makes it a "Trailing-Stop-Loss". This is very handy as it allows you to lock in profits as a trade goes in your favor.

Position Sizing

By rule of thumb, you should only risk 1-3% of your account size maximum with each trade you take. By following this strictly, you increase your odds of being consistently profitable in the market.

To learn how to find your position size, read this article here: How To Reduce Risk With Optimal Position Size

The scanners are found in our Discord server and are only visible once you've signed up for Lux Algo V2.

We have thousands of Lux Algo V2 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.

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 access immediately.

Lux Algo V2 works on any market internationally including stocks, indicies, forex, crypto, futures and commodities on all timeframes including 5m, 30m, 1H, 4H, 1D, 1W, etc.

Ideally it should be used for trading on the 1H+ timeframe but you can find success in scalping on lower timeframes especially when adjusting the 'sensitivity' setting a little higher and toggling on the equalizer band in our input settings.

We don't provide back-testing data or a specific % for it's accuracy since Lux was designed as a trading system with many different factors to consider with our signals.

No bot or human can have a 100% hit rate in the markets. Our signals are meant to help traders hold winning positions and find good areas to take profit. 

Some use our signals just for directional confirmation & for checking their bias on the market, others strictly follow them and find success.

You don't need much experience to understand the signals provided by Lux. 

However, trading can be difficult and can take time to learn regardless of our signals on your charts. If you're new to trading / technical analysis in general, we recommend paper-trading at first using our standard signals until you get more familiar with how it all works.

No, you are in full control of your trades. Lux was built to be used as a standalone trading system or just as an additional tool within your own technical analysis.

We have thousands of automated alerts scanning every market 24/7 within our Discord server so you don't have to setup many alerts. 

If you wish to set up your own alerts on TradingView, click alerts on the right under your watchlist 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.

See the code below & watch our 24/7 live stream to see our non-repaint signals LIVE.

By adding the equalizer band and gray candles, you are increasing the amount of confirmation needed for Strong signals and reducing as much noise as possible. This can be a safer way to trade and a better way to identify real trends but at times it comes at the expense of getting a later entry.

The settings (1.15, & 27) have overall been proven to be the most accurate settings possible for Lux Algo V2 on most assets + timeframes.

For some markets and timeframes such as the 5minute chart, it is recommended to move the Sensitivity setting up higher to reduce extra noise. (1.5-2 is a good range).

The Line Length setting isn't usually recommended to be changed much but it can adjust per asset for identifying strong signals better and changing the size of the equalizer band itself.

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 or Thinkorswim charts.

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.

Our signals do not repaint and appear in real time. A common misconception about Heikin Ashi candles is that they repaint, however this is not true. 

Repainting is where signals change based on data in the future to make them appear better than they really are.

See our non-repaint signals live (24/7) here

Lux Algo V2 can work with normal candles, however, we recommend you to use Heikin Ashi candles to filter as much noise as possible with an improved ability to capture trends.

Although they are near the same, HA candles do not show the exact price by default. You can view the exact price of any ticker by applying the following setting:

The calculations for Heikin Ashi candles:

Open = (open of previous bar + close of previous bar)/2

Close = (open + high + low + close)/4

High = the maximum value from the high, open, or close of the current period

Low = the minimum value from the low, open, or close of the current period.

The terminology of our signals go much deeper than just "buy + sell" and are advanced enough to be used as a complete trading system in itself. 

Most signal products you can find only have buy & sell signals and are less accurate than Lux Algo V2. 

Without our advanced signals, you may be led into getting overly bearish or bullish at the wrong times. 

Read our signal terminology here

We also include a wide variety of toggle options to add extra confluence using our signals such as our Lux Dashboard, Equalizer Band, Gray Candles for indecisive price action, Lux Oscillator + Volatility, and a set of rules to follow with all of these toggles which makes Lux a complete trading system.

Below are some examples of typical scripts you can find for spotting trends compared to Lux Algo V2. Even some of the most popular scripts tend to be delayed, overfitted, repainting, or simply unprofitable.

A typical MA crossover script:

Typical trend based buy / sell signals

Compared to Lux Algo V2

Any decent algorithm can give similar signals because any accurate signal will be alike, however, most are less likely to give similar results in trading because without our strong signals & set rules, you’re more than likely to get overly bullish or bearish at the wrong times, get chopped up at indecisive points in the market, and take any inaccurate signals blindly.

It's also important to note that past performance is not necessarily indicative of future results with any trading product or strategy. You should know that regardless of how accurate our signals are, there is no magical bot or system that can guarantee your success. It's up to the trader / analyst to be successful.

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".

To prevent overfitting we test our algorithm across a massive range of assets and timeframes to ensure maximum and optimal performance. We also allow the user to tune the algorithm to their desired settings to prevent this.

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. 

https://www.tradingview.com/gopro/#markets

If you've already been given access to Lux Algo V2 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 either do not have it toggled or since you're using a black background the equalizer band is too dark. 

Adjust these settings to see the equalizer band:

To receive the updates we put out for our scripts in Lux Algo V2, first refresh your browser and remove them from your chart and add them back again. 

If this doesn't work, try to remove every indicator from your chart, then save your chart layout, refresh your screen, then add Lux Algo V2 back to your chart. If you're on mobile you need to close out of the app completely after removing an older version from your chart.

You'll know you have the new Lux Algo V2 script by seeing (www.luxalgo.com 1.15) on your chart as pictured above. You can add our Lux Dashboard by hitting the settings cog wheel and toggling it on or off.

Email support@luxalgo.com or ask in #vip-support if all of this doesn't work and our team will ensure your scripts are updated.

Sorry, we don't currently offer any free trials. You can view a live-demonstration of our basic signal functionalities here: 24/7 Live Stream

You can cancel your subscription anytime by logging into your account on our site or by reaching out to support@luxalgo.com

https://luxalgo.com/account/login

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 here: Exclusive Plans.

Once purchased, 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 8 hours to grant you access to Lux Algo V2 on TradingView. It's a manual process by our team. Although, typically during the day, (EST) full access is granted much quicker and you'll receive a confirmation email with further instructions.

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.