Learn how to easily setup of MSS Strategy + Indicator package
Reading the Multi Source Indicator
The Multi Source Indicator provides visual confirmation of your strategy signals, helping you understand why trades are triggered and giving you confidence in your automated system.
1
2
Vertical Signal Lines
Green vertical lines mark buy signals, while red vertical lines mark sell signals. These appear exactly when your strategy's conditions are met.
3
Source Signals
The oscillator line shows the combined signal from all your sources, allowing you to see the strength of each signal.
4
Exit Settings
The ************************
***********************************
5
Correlation with Strategy
The indicator perfectly aligns with your strategy actions, providing visual confirmation of automated trades.
Setting Up Your Strategy
The Multi Source Strategy component allows you to automate your trading based on signals from up to 6 different indicators. Follow these steps to configure your strategy for optimal performance:
1
2
Configure Buy/Sell Conditions
For each source, select one of the six condition types that will trigger Buy & Sell signals. You can use different conditions for different sources.
3
Set Exit Rules
Configure take profit and stop loss levels to manage risk and lock in profits automatically.
4
Advanced Settings (Advanced Package)
Fine-tune normalization settings and enable breakeven stops for enhanced control over your strategy.
5
Test & Repeat
*******************
***********************.
The 6 Condition Types
#1
Overbought (> 0.9)
Triggers when the indicator value exceeds the overbought threshold of 0.9, signaling potential reversal or continuation depending on your strategy.
#2
Oversold (< -0.9)
Triggers when the indicator value falls below the oversold threshold of -0.9, signaling potential reversal or continuation depending on your strategy.
#3
Cross Down 0.9
Triggers when the indicator crosses down through the overbought threshold, signaling a potential reversal from overbought conditions.
#4
Cross Up -0.9
Triggers when the indicator crosses up through the oversold threshold, signaling a potential reversal from oversold conditions.
#5 & 6
Not Overbought/Oversold (< 0.9) & (> -0.9)
The condition < 0.9 helps avoid entries when the value is in the overbought zone, while > -0.9 avoids entries in the oversold zone. If you'd like to apply both filters to the same source for a buy condition, you can do so by using two separate conditions. This approach reduces noise and helps prevent trades at extreme price levels, focusing instead on more stable mid-trend activity.
Using the Indicator
The indicator version includes four ready-to-use alert triggers—Buy Signal, Sell Signal, Exit Buy Signal, and Exit Sell Signal—accessible in the alert dialog’s Condition dropdown. In addition, you're free to leverage any of TradingView’s native alert conditions such as crossing up/down, greater than, or less than on the plotted oscillator or other custom plot(s). This gives you flexibility to create both simple and advanced alert setups tailored to your trading strategy.
Become a Winner Now
Frequently asked questions
Ask everything you need to know about our products and services.
Still you need more information? Check out How it works page, or please feel free to write us through Contact page