Alert system

[FellowTrader]

Hello expert community,

I see lot of indicators and strategies that are really awesome and the helpful tips/education.

I wonder if we have any buy sell alert system that works on any indicator or strategy that is accurate atleast 80% .. if you have one please share it..

Thanks again for your contribution

 

[rad14733]

@FellowTrader It isn't about the indicators, it's more about the trader...You need to find what works for YOU... None of us can give you a definitive answer to the broad stroke question you asked...

 

[FellowTrader]

Thanks Ricks for the reply, Advise what system you use for BUY/SELL alerting that has given/proven results. I will start there.

 

[useThinkScript]

I wonder if we have any buy sell alert system that works on any indicator or strategy that is accurate at least 80% .. if you have one please share it..

There isn’t a buy/sell alert that’s 80% accurate across all conditions.
Not because indicators are bad, but because the market doesn’t behave the same way every day.

An indicator doesn’t have any inherent accuracy.
Its accuracy is nothing more than a reflection of how well it happens to line up with the environment you’re using it in and the instrument you’re applying it to.

For example, last week institutions sat on their hands waiting for Warsh.
That meant that liquidity was thin, and what was masquerading as liquidity was only retail-driven volatility.
This resulted in moves that had no depth and follow-through that was inconsistent.

When traders backtest indicators, they think they’re measuring the indicator. They’re not. They’re discovering which instruments the indicator behaves well on, which environments it completely breaks in, and which combinations of structure, participation, and regime allow it to shine.

Read more:
https://usethinkscript.com/threads/gamma-pressure-map-for-thinkorswim.22472/#post-162960