Once you receive the indicators, you can add them to your chart by following this article.
When indicators are sent to your TradingView account, they arrive per-configured. There is no action required to further setup the indicators.
Lets dive into the settings options which has 2 tabs ("Inputs" and "Style").
Inputs Tab - Bands
Squeeze length: Default value is 19. You can adjust between 20 and 50 to reduce the signal ratio.
Length: Default value is 34. This configures represents the outer and inner bands.
Trend UP and Down: represents color on the trading line.
Bright green (bullish trend confirmed)
Light green (bullish trend not confirmed)
Bright red (bearish trend confirmed)
Light red (bearish trend not confirmed)
Inner Band: represents the band above and below the trading line
Outer Band: represents the outer band above and below the trading line
Show Alternate: This is a unique setting that displays the bands only when the price and bands are on the same side of the trading line.
Candles +/-: When price closes above the trading line, it colors the candles as bright green. When price closes below the trading line, it colors the candles as gray.
Inputs Tab - RSI
Optimizer: default value is 0.75
Smoothing: default value is 1
Overbought: default value is 0.8
Oversold: default value is 0.2
Inputs Tab - Arrows
Length: default value is 20. You can change it in range of 20 to 40 to reduce the signal ratio.
Trigger: default value is 100. You can change to 200 and try it out.
Inputs Tab - Low Risk Zones
Low Level: default value is 20 (do not change).
High Level: default value is 80 (do not change).
Inner: default value is 9 (do not change).
Outer: default value is 90 (do not change).
Inputs Tab - Divergence Low Risk
Long: this signal paints a green candle for long position.
Short: this signal paints a red candle for short position.
Inputs Tab - Divergence High Risk
Long: this signal paints a cyan candle for long position.
Short: this signal paints a yellow candle for short position.
Style Tab - Divergence High Risk
These 2 settings represent the same options from inputs tab under "Divergence high risk".
Style Tab - Divergence Low Risk
Uncheck "Bearish 50" red color and "Bullish 50" green color to reduce false positives. Unchecking these options will provide more quality signals.
Style Tab - Low Risk Zones
This represents the background color for low risk (bullish) and low risk (bearish) trading zones. Any other area on the chart outside of these zones can be considered as high risk trading zone.
Style Tab - Bands
Trading Line: The represents the colors displayed on the trading line to confirm trends
Rest of the settings are related to outer and inner bands. Feel free to change and customize.
Style Tab - Squeeze Bands
These settings are relating to displaying squeeze across bands. Feel free to change and customize.
Style Tab - Squeeze
These settings show or hide the squeeze above / below the trading line. Feel free to change and customize.
