> For the complete documentation index, see [llms.txt](https://docs.algopro.us/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.algopro.us/tradingview-indicators/v1.6.md). # V1.6 ## AlgoPro V1.6 User Guide
### Overview **AlgoPro V1.6** is AlgoPro’s flagship TradingView signal model, built to help traders identify clearer buy, sell, and exit opportunities directly on the chart. It combines two different signal styles, market structure confirmation, built-in trade presets, TP/SL management, swing-style exits, multi-timeframe market overview, alerts, and performance tracking into one streamlined indicator. The goal of V1.6 is to make market direction easier to understand by showing when price conditions are leaning bullish, bearish, or uncertain. Instead of relying on one signal type, V1.6 allows users to choose between a **Trend Mode** for broader directional moves or a **Pullback Mode** for continuation-style entries after price pulls back. *** ## 1. Main Settings The main settings control how the indicator generates signals and how presets are applied. ### Entry System The **Entry System** setting lets you choose which signal model V1.6 uses. #### Trend Mode Trend Mode is designed for catching larger directional shifts. It looks for broader market movement and attempts to identify when a new bullish or bearish trend may be starting. Use Trend Mode when you want signals that focus more on trend changes and directional momentum. #### Pullback Mode Pullback Mode is designed for continuation-style entries. Instead of waiting for a full trend shift, it looks for pullbacks inside a confirmed market direction and then waits for momentum to return. Use Pullback Mode when you want signals that focus more on buying pullbacks in bullish conditions or selling pullbacks in bearish conditions. *** ## 2. Trade Presets The **Trade Preset** dropdown is the main preset system in AlgoPro V1.6. It is designed to quickly configure the indicator for different trading styles without needing to manually adjust every setting. The preset dropdown includes options such as: * Short Term Scalping + TP/SL * Short Term Scalping + Exit * Mid Term Scalping + TP/SL * Mid Term Scalping + Exit * Long Term Scalping + TP/SL * Long Term Scalping + Exit * Short Term Intraday + TP/SL * Short Term Intraday + Exit * Mid Term Intraday + TP/SL * Mid Term Intraday + Exit * Long Term Intraday + TP/SL * Long Term Intraday + Exit * Short Term Swing + TP/SL * Short Term Swing + Exit * Mid Term Swing + TP/SL * Mid Term Swing + Exit * Long Term Swing + TP/SL * Long Term Swing + Exit ### Custom Preset When **Custom** is selected, users can manually control the indicator settings. This is best for advanced users who want to fine-tune the tool for a specific market, timeframe, or trading style. ### Presets with “TP/SL” Presets ending in **TP/SL** use the built-in take-profit and stop-loss system. These are useful when you want the indicator to plot trade levels and manage trades based on predefined risk/reward targets. ### Presets with “Exit” Presets ending in **Exit** use Swing Mode. These are useful when you want trades to remain open until the system gives a dedicated exit signal instead of relying on fixed take-profit and stop-loss targets. *** ## 3. Trend Structure Confirmation AlgoPro V1.6 uses a built-in market structure filter to help decide whether buy or sell signals are allowed. This means: * Buy signals are only allowed when structure is bullish. * Sell signals are only allowed when structure is bearish. * If a signal appears before structure confirms, it can be stored temporarily as a pending signal. * If structure later confirms within the expiration window, the pending signal can trigger. This helps reduce signals that go against the broader market direction. ### Trend Structure Presets The Trend Structure Preset controls how fast or slow the market structure filter reacts. #### Custom Allows users to manually control the structure settings. #### Short Term Trend A faster structure setting that reacts more quickly to price changes. Best for: * Scalping * Lower timeframes * Faster-moving markets #### Mid Term Trend A balanced structure setting that reacts slower than short-term mode but faster than long-term mode. Best for: * Intraday trading * Medium timeframes * Balanced signal filtering #### Long Term Trend A slower structure setting that focuses on broader direction. Best for: * Swing trading * Higher timeframes * Traders who want fewer but stronger directional changes *** ## 4. Pending Signals The **Allow Pending Signals After Structure Flip** setting lets the indicator remember a signal that appears before market structure confirms. Example: Price gives a buy setup, but the market structure is still bearish. Instead of ignoring the signal completely, V1.6 can store it as a pending buy. If market structure flips bullish within the selected expiration window, the buy signal can trigger. ### Pending Signal Expiration Bars This controls how long a pending signal remains valid. For example, if this is set to `20`, the pending signal has 20 candles to become valid. If structure does not confirm within that window, the pending signal expires. This prevents old signals from triggering too late after market conditions have already changed. *** ## 5. Trade Management Mode AlgoPro V1.6 has two trade management styles: ### Take Profit Mode Take Profit Mode uses fixed or dynamic TP/SL levels. When a buy or sell signal appears, the indicator can plot: * Entry * Stop loss * TP1 * TP2 * TP3 This mode is best for traders who want defined risk and reward levels on every signal. ### Swing Mode Swing Mode disables the fixed TP/SL trade reset system and instead uses exit signals. In Swing Mode, a trade stays active until an exit condition appears. This is useful for traders who prefer to ride trends instead of closing trades at fixed targets. Swing Mode exits can be triggered by: * A dedicated exit signal * A bearish structure change while in a long * A bullish structure change while in a short *** ## 6. Stop Loss Modes AlgoPro V1.6 includes two stop-loss systems. ### Structure Pivot + ATR Buffer This is the structure-based stop-loss mode. For long trades, the stop is placed below recent market structure with an ATR buffer. For short trades, the stop is placed above recent market structure with an ATR buffer. This mode gives the trade more room when market structure is farther away. Best for: * Swing trading * Wider stop-loss strategies * Structure-based trade management ### Strict ATR This mode uses a simple ATR distance from the entry. For long trades: ``` Stop Loss = Entry - ATR Buffer ``` For short trades: ``` Stop Loss = Entry + ATR Buffer ``` This is easier to understand and gives more direct control over stop-loss distance. Best for: * Scalping * Preset-based trading * Users who want the SL Buffer setting to directly control the stop distance *** ## 7. TP/SL Management The TP/SL section controls the trade levels shown in Take Profit Mode. ### Show TP/SL Levels When enabled, the indicator plots the trade management levels on the chart. These include: * Stop loss * TP1 * TP2 * TP3 When disabled, the levels are hidden from the chart. ### SL Buffer The **SL Buffer (ATR)** controls the stop-loss distance. In Strict ATR mode, this directly controls how far the stop is from the entry. Example: If ATR is 10 points and SL Buffer is 2.5: ``` Stop distance = 10 × 2.5 = 25 points ``` ### TP Mode There are two TP modes: #### Fixed Uses the exact RR values selected in the settings. Example: * TP1 = 1R * TP2 = 2R * TP3 = 3R #### Dynamic Adjusts take-profit distances based on current market conditions. Dynamic mode may widen targets when conditions are stronger and tighten targets when conditions are weaker. Most users should start with Fixed mode because it is easier to understand. ### TP1, TP2, TP3 These are the reward targets measured in R. Example: If your stop loss is 20 points away: * TP1 at 1R = 20 points profit * TP2 at 2R = 40 points profit * TP3 at 3R = 60 points profit *** ## 8. Trade Timeout **Trade Timeout Bars** controls how long a trade can stay open in Take Profit Mode before it is automatically reset. This is measured in candles, not minutes. Example: * On a 5-minute chart, 100 bars = 500 minutes * On a 1-hour chart, 100 bars = 100 hours * On a daily chart, 100 bars = 100 days This helps prevent old trades from staying active forever when price never reaches TP3 or SL. *** ## 9. Swing Mode Exit Settings Swing Mode uses exit signals instead of fixed TP/SL levels. ### Exit Period Controls the length of the exit system. Lower values make exits react faster. Higher values make exits smoother and slower. ### Exit Sensitivity Controls how sensitive the exit system is. Lower sensitivity can create faster exits. Higher sensitivity can hold trades longer and reduce noise. *** ## 10. Signal Markers AlgoPro V1.6 uses visual signal markers directly on the chart. Signals can include: * BUY * SELL * EXIT * TP hit icons * SL hit icons ### Buy Signal A buy signal appears when the selected entry system gives a bullish setup and market structure confirms bullish conditions. ### Sell Signal A sell signal appears when the selected entry system gives a bearish setup and market structure confirms bearish conditions. ### Exit Signal An exit signal appears in Swing Mode when the active trade should be closed. Exit signals are not the same as opposite entries. They are used to reset the active trade state before another trade can trigger. ### TP/SL Hit Icons When enabled: * A checkmark appears when a take-profit level is hit. * An X appears when the stop loss is hit. This makes it easier to look back at past trades and quickly understand what happened. *** ## 11. Dashboard The dashboard gives a quick summary of the current indicator state. ### Preset Shows the currently selected Trade Preset. ### Trend Trend is controlled by the market structure filter. It will show whether the current structure is bullish or bearish. ### Signal Shows the most recent active signal while a trade is open. For example: * BUY * SELL * EXIT * Neutral / none when no trade is active ### Market Shows the current market condition category. This is based on internal volatility and movement conditions. ### RSI Shows the current RSI reading. This gives a quick view of whether price may be stretched, weak, or strong. ### Trade Mode Shows whether the current setup is using: * TP/SL * Swing ### Live R Shows the active trade’s current R value. Example: * `+1.00R` means price has moved one full risk unit in profit. * `-0.50R` means price has moved halfway to the stop loss. * `0.00R` means price is near entry. *** ## 12. Market Overview The Market Overview section checks market structure across four different timeframes. Each timeframe will show whether that timeframe is bullish or bearish. This helps users quickly understand if multiple timeframes are aligned. Example: ``` 15m: Bullish1H: Bullish4H: Bearish1D: Bearish ``` This could mean the short-term chart is bullish, but the higher timeframe is still bearish. ### How to Use Market Overview When multiple timeframes agree, the market may have stronger directional alignment. Example: ``` 15m: Bullish1H: Bullish4H: Bullish1D: Bullish ``` This suggests strong bullish alignment. When timeframes are mixed, the market may be choppy or transitioning. Example: ``` 15m: Bullish1H: Bearish4H: Bearish1D: Bullish ``` This suggests less agreement and potentially more caution. *** ## 13. Performance Dashboard The performance section tracks how the signals have performed historically on the chart. ### Win Rate Shows the percentage of completed trades that were profitable. Example: ``` Win Rate: 62% ``` This means 62% of completed trades were winners. ### Avg R Shows the average trade result in R-multiple. Example: ``` Avg R: 0.45 ``` This means the average completed trade made 0.45 times the initial risk. ### Understanding R R is based on the amount risked on a trade. If your stop loss is 20 points away, then: * +1R = +20 points * +2R = +40 points * -1R = full stop loss Using R makes performance easier to compare across different markets and timeframes. *** ## 14. Alerts AlgoPro V1.6 includes a simplified alert system. The main alerts are: * Buy Signal * Sell Signal * Exit Signal * TP1 Hit * TP2 Hit * TP3 Hit * Stop Loss Hit * Any Signal ### Recommended Alert Most users can use **Any Signal** if they want one alert that covers all major events. Use individual alerts if you only want specific events, such as only Buy/Sell signals or only TP/SL hits. *** ## 15. Suggested Beginner Workflow For new users, the easiest way to start is: 1. Add AlgoPro V1.6 to your TradingView chart. 2. Choose either Trend Mode or Pullback Mode. 3. Select a Trade Preset. 4. Check the Market Overview section. 5. Wait for a BUY or SELL signal. 6. Use the plotted TP/SL levels or Swing exit signals depending on the preset. 7. Review the dashboard to understand current trend, trade mode, win rate, and average R. *** ## 16. Suggested Preset Usage ### Scalping Presets Best for faster charts and shorter trades. Common timeframes: * 1 minute * 3 minute * 5 minute * 15 minute Scalping presets react faster but may produce more signals. ### Intraday Presets Best for balanced day trading. Common timeframes: * 15 minute * 30 minute * 1 hour * 2 hour Intraday presets are a middle ground between speed and smoothness. ### Swing Presets Best for slower trading and larger moves. Common timeframes: * 1 hour * 4 hour * Daily Swing presets are slower but can help reduce noise. *** ## 17. TP/SL vs Exit Presets ### Use TP/SL Presets When You want: * Clear stop loss * Clear take-profit targets * Defined risk/reward * Easier trade planning ### Use Exit Presets When You want: * To hold trades longer * To exit based on market behavior * Less focus on fixed profit targets * A more trend-following style *** ## 18. Trend Mode vs Pullback Mode ### Trend Mode Is Best For * Catching broader directional moves * Users who want fewer but more directional signals * Trend-following setups * Higher timeframe confirmation ### Pullback Mode Is Best For * Entering after price pulls back * Continuation-style trades * Traders who want more tactical entries * Buying dips in bullish structure or selling rallies in bearish structure *** ## 19. Important Notes AlgoPro V1.6 is a signal and analysis tool. It does not guarantee profitable trades and should not be used blindly. Market conditions can change quickly, especially during news events, low-liquidity sessions, or high-volatility moves. Always use proper risk management and test presets on the market and timeframe you plan to trade. *** ## 20. Quick Summary **AlgoPro V1.6** helps traders identify buy, sell, and exit opportunities using trend-based signals, pullback-based signals, market structure confirmation, presets, TP/SL tools, swing exits, alerts, and dashboard feedback. Beginners can start by choosing a preset and following the chart signals, while advanced users can customize the system for their own market, timeframe, and trading style.