Overview

THADI (Trading Hub Analytics: SpectrumMaster Pro+ Day Trading Algo 1.1) is a versatile trading algorithm designed for day traders. It offers multiple strategies, visual indicators, alerts, and a comprehensive rating system to assist in making informed trading decisions.

Features

Strategies

• THA: Reversal
• MA (Moving Average)
• TRM (Trend Reversal Momentum)
• RSI Color (Relative Strength Index)

Indicators

• Tilson MA (T3 MA)
• HEMA MA (Heikin-Ashi Moving Average)
• PSAR (Parabolic Stop and Reverse)
• RSI (Relative Strength Index)
• TSI (True Strength Index)

Alerts

Customizable alerts for various market conditions and indicator crossovers.

Table Display

Option to show a table with the current trading signals and conditions.

User Input Parameters

Strategy Selector

• strat: Select a strategy ("THA: Reversal", "MA", "TRM", "RSI Color").
• source: Source for MA calculation (default: close).
• alphaInput: Alpha value for T3 calculation (default: 0.7).

Strategy Overrides

• t3vis: Show Tilson MA's.
• hemavis: Show HEMA MA's.
• psarvis: Show PSAR.
• arrowvis: Show arrows.
• showTable: Show THA: Reversal Buy Rating table.
• disable: Disable the current MA.

Speed Control

• tsistrat: TRM speed control ("Fast", "Slow").
• rsistrat: RSI bar color speed control ("Slow", "Fast").

Heikin-Ashi Overlay

• type: Candle type ("Hollow", "Bars", "Candles").
• haover: Overlay HA plot candle.
• rPrice: Display actual close value.

Variable Alerts

• i_alert_mode: Alerts mode (alert.freq_once_per_bar_close, alert.freq_once_per_bar).

Alert Types

• BUY4, SELL4, REVUP, REVDWN, HCROSSUP, HCROSSDWN, RSIUP, RSIDWN, RSIOB, RSIOS, RSICD, RSICU, DATA, DTAT, SARUP, SARDWN

Table Configuration

• textSize: Text size in the table ("tiny", "small", "normal", "large", "huge", "auto").
• tableYpos: Table position ("top", "middle", "bottom").
• tableXpos: Table horizontal alignment ("left", "center", "right").

Color Configuration

• bullRev5, bearRev5, bullRev8, bearRev8, bullRevF, bearRevF
• bullHema1, bearHema1, bullHema2, bearHema2, bullHema3, bearHema3
• bullHema1F, bearHema1F, bullHema2F, bearHema2F, bullHema3F, bearHema3F
• bullSar, bearSar
• bullcol, bearcol, bullrev, bearrev
• hemabull, hemabear, hemahold
• trmbull, trmbear, trmhold
• rsi5, rsi10, rsi15, rsi20, rsi25, rsi30, rsi35, rsi40, rsi45, rsi50, rsi55, rsi60, rsi65, rsi70, rsi75, rsi80, rsi85, rsi90, rsi95, rsi100

Length Settings

• aLength: Length for T3 fast average.
• Length: Length for T3 slow average.
• hemaslow, hemaslow2, hemaslow3
• maType1, maType2, maType3
• longf, shortf, signalf, lenf (TSI Fast Settings)
• longs, shorts, signals, lens (TSI Slow Settings)
• start, inc, max (PSAR Settings)

Alerts

Alerts can be set for various conditions using the alertcondition function. Alerts are generated based on selected conditions such as crossovers, curl ups, and down, and can be customized through the user input parameters.

Graphical Display

The script uses various plotting functions to display indicators and signals on the chart. These include:

• Tilson MAs
• HEMA MAs
• PSAR
• RSI
• TSI

The script also fills areas between certain plots for better visualization and can plot custom shapes for specific conditions.

Statistical Rating

The script calculates a statistical rating based on various indicators and conditions. It displays the results in a table, highlighting the current market condition for each indicator.

Pressure Bands

The script calculates and plots upper and lower pressure bands based on the standard deviation of the price.

Bollinger Band Squeeze Indicator

This indicator calculates the Bollinger Band Squeeze and plots it on the chart. It also highlights candles during squeeze conditions.

Volume Oscillator

The volume oscillator is calculated and plotted, showing divergence between volume trends and price movements.

EMA Reversion & Initial Profit Signal

This indicator calculates the distance of the current price from the EMA and marks candles that are significantly far away from the EMA.

Usage

To use the THADI: SpectrumMaster Pro+ Day Trading Algo 1.1 script, follow these steps:

1. Select your preferred strategy and configure the relevant parameters.
2. Enable the desired indicators and visual aids.
3. Set up alerts for specific conditions.
4. Analyze the table for statistical ratings and current market conditions.
5. Monitor the pressure bands, Bollinger Band Squeeze, volume oscillator, and EMA reversion signals for trading opportunities.

This script provides a comprehensive toolkit for day traders to make informed decisions based on multiple indicators and market conditions.