What does Lux algo do?

Lux Algo is a company specializing in the creation of technical trading tools designed to help traders of every market.

Do you need trading view for Lux algo?

In order to use the indicators, you need to open a chart on TradingView. Once open, click on Indicators (or type / ) to open the indicator menu, then click on “invite-only scripts”, you should see the indicators names appearing, click on one of them to add it to your chart.

How do I unsubscribe from Lux algorithm?

You can cancel your subscription anytime by clicking ‘Manage Account’ on our website or by simply reaching out to [email protected] and we will assist you within 6 hours.

Who made Lux algo?

With a pioneering approach to creating all-in-one indicator toolkits on TradingView, Sean Mack & Alexander Friend co-founded Lux Algo in April of 2020 which quickly received attention from traders & investors around the world.

What does strong mean on Lux algo?

Confirmation​ Strong signals are signals that are in accordance with the current estimated trend, while normal signals can be caused by a retracement.

Is algorithmic trading possible?

Algorithmic trading really works for individual traders where there is a fixed strategy while trading and shortage of time to constantly monitor stocks. Anyone can developed “automated trading systems”, which implicitly means “algorithmic trading”.

What does purple mean on Lux algo?

The confirmation simple color mode is based on the methodology used by confirmation signals and is the one enabled by default. This mode uses three colors, each one can be interpreted as follows: Green candles: Strong buy active. Red candles: Strong sell active. Purple candles: Normal buy or sell signal active.

Is TradingView reliable?

TradingView is a powerful technical analysis tool for both novice and experienced investors and traders. It is reliable, comprehensive, and has most of what you need day-to-day when trading. Despite the few issues highlighted below, its relatively low price makes it a no-brainer.