Advanced Indicator
*The video guide is submitted by the 2MOON user Leslie1912
To set up the 2MOON Advanced Indicator:
Click the gear icon next to Advanced Indicator in the top left corner.
Adjust the settings as needed.
Indicator Name: Advance Indicator v1.1 [2Moon]
Link: https://www.tradingview.com/script/5nAdDYmb-Advance-Indicator-v1-1-2MOON-AI/
Fields | Description | Available Options | Example |
Main Entry 1 Main Entry 2 Main Entry 3 | Trading indicator used to trigger buy or sell alerts |
| |
Entry Filter 1 Entry Filter 2 Entry Filter 3 | Additional filter that needs to be met before the signals are generated. This is specific per entry. |
| |
Main Global Trend Filter | Additional filter that needs to be met before the signals are generated. This applies to all Main Entry 1,2 and 3. |
| |
Exit 1 Exit 2 Exit 3 | Trading indicator used to trigger close long or close short alerts |
| |
Exit 3 Filter | Additional filter that needs to be met before the signals are generated. This is specific to Entry 3 only. |
| |
Trade Direction | Option to set which trade direction the both will execute. |
| |
Timed Exit | Option to exit trades after specified number of bars | Default value is set to No. Number of bars is set to 10. |
|
Market Open Disable | Option to disable trades at market open | Default is set to No. | |
Market Close Disable | Option to disable trades a few minutes before market close | Default is set to No. | |
Market Close Exit | Option to exit trades a few minutes before market close | Default is set to No. | |
Displays
| Option to show certain indicators on chart |
| |
Last Bars Back | How many bars will be used by the script for calculation. | Set to 1000 by default. | |
Colors | Option to change alert colors |
|
|
VXN | displays trades only if a chosen Symbol (VXN) at a certain level
|
| |
Fixed dollar and percent | Sets up percentage or a dollar amount for Fixed Amount Stop, Fixed Percent Stop, Fixed Amount Take Profit, Fixed Amount Take Profit if it is used as exit indicator
|
|
2.2. Indicator Descriptions
You can change the settings for each indicator; however, we recommend using the default values for the best performance.
Indicator Name | Description | Example |
ADX Entry | The Average Directional Index (ADX) is used to measure the strength of a trend in a financial market. In 2MOON Indicator it’s called ADX Here's how it works:
| |
ADX Entry cross | The ADX Cross Indicator is a variation of the traditional Average Directional Index (ADX) that focuses on identifying potential trend reversals Here’s how it works:
| |
ADX Entry Value | ADX values range from 0 to 100. The higher the value, the stronger the trend.
| |
ATR ATR Trail ATR Reverse | The Average True Range (ATR) Value Indicator measures market volatility. Here’s how it works: True Range (TR) is calculated as the greatest of the following three values:
| |
EWO | The Elliott Wave Oscillator (EWO) Value Indicator is used to help traders identify the direction of a trend and potential turning points by measuring the difference between two moving averages
|
|
EWO + WT OB/OS |
|
|
GD | The Golden Digger Value Indicator is a tool used to help traders identify potential price reversals by analyzing supply and demand dynamics. It typically works by plotting a line that shows whether demand exceeds supply (when the price is above the line) or if supply is greater than demand (when the price is below the line). This makes it easier to spot potential turning points in the market. | |
MACD | The MACD (Moving Average Convergence Divergence) is used to identify changes in momentum, direction, and strength of a trend Components:
How It Works:
| |
MA Cross | The Moving Average (MA) Cross Indicator is used to identify trend changes by analyzing the crossovers between two moving averages of different periods. Here’s how it works:
v | |
PSAR | The PSAR Indicator (Parabolic Stop and Reverse) helps traders spot potential trend reversals. It works by placing dots above or below price bars:
It’s a quick and visual way to identify momentum shifts and potential entry/exit points
| |
Supertrend | The Supertrend Indicator is a simple and effective trend-following tool. It works by overlaying a line on the price chart:
It adjusts dynamically with price movement and helps traders spot trends and potential reversals quickly, making it great for setting stop-loss levels.
| |
Squeeze Momentum | The Squeeze Momentum Indicator helps spot potential breakouts by detecting when the market is "squeezing" (low volatility) and about to release into a strong move. It uses green and red bars:
|