ValorAlgo Omni (V1) Overview
ValorAlgo Omni represents the next evolution in our trading indicator suite, built entirely on TradingView Pine Script v6. This comprehensive trading system combines multiple proven strategies into a single, powerful indicator that provides clear buy and sell signals across all market conditions.
Core Philosophy
ValorAlgo Omni is designed with a modular approach, allowing traders to enable or disable specific components based on their trading style and market conditions. The indicator operates on the principle of confluence - multiple signals confirming each other to reduce false positives and increase signal reliability.
Key Features
🎯 Modular Component System
- Impulse System: Trend and momentum analysis using Elder’s Impulse methodology
- Breakout Detection: Identifies significant breakouts with ATR-based volatility filtering
- Reversal Seeker: Combines RSI and Bollinger Bands for reversal identification
- Advanced Filtering: Trend and volatility filters to reduce noise
🚀 Pine Script v6 Advantages
- Non-Repainting Signals: All signals are confirmed at bar close using
barstate.isconfirmed - Enhanced Performance: Optimized calculations and reduced computational load
- Future-Proof Architecture: Built to leverage new Pine Script features as they become available
- Precision Control: Up to 500 labels supported for detailed signal marking
📊 Signal Confluence
ValorAlgo Omni doesn’t rely on a single indicator. Instead, it creates a confluence of signals:
- Trend direction from moving averages and MACD
- Momentum confirmation via the Impulse System
- Breakout validation using ATR volatility measures
- Reversal confirmation through RSI oversold/overbought conditions and Bollinger Band interactions
Technical Specifications
- Overlay Indicator: Plots directly on the price chart
- Precision: 2 decimal places for accurate price levels
- Label Capacity: Up to 500 labels for comprehensive signal tracking
- Timeframe: Works on all timeframes from 1-minute to monthly
- Asset Classes: Compatible with stocks, forex, crypto, commodities, and indices
What Makes It “Omni”
The name “Omni” reflects the indicator’s comprehensive approach:
- Omni-directional: Works in trending, ranging, and volatile markets
- Omni-timeframe: Effective across all trading timeframes
- Omni-asset: Compatible with all tradeable instruments on TradingView
- Omni-strategy: Supports scalping, day trading, swing trading, and position trading
ValorAlgo Omni represents years of refinement and testing, incorporating feedback from our community of traders and the latest developments in Pine Script technology.