Upper & Lower Thresholds📈📉

The Upper and Lower Thresholds are crucial settings that define the trigger points for buy and sell signals. They work by setting the specific levels that the script's internal oscillator must cross to confirm a potential trade setup, acting as the boundaries for overbought and oversold conditions.

• Upper Threshold:

  • This is the level the oscillator must cross above to generate a buy signal.

  • A lower value (e.g., 65) makes buy signals easier to trigger, as less bullish momentum is required.

  • A higher value (e.g., 75) requires stronger bullish momentum, leading to fewer but potentially higher-conviction buy signals.

• Lower Threshold:

  • This is the level the oscillator must cross below to generate a sell signal.

  • A higher value (e.g., 35) makes sell signals easier to trigger, as less bearish momentum is required.

  • A lower value (e.g., 25) requires stronger bearish momentum, resulting in fewer but more filtered sell signals.

Mode-Specific Behavior:

• AI Mode: The manual Upper and Lower Threshold settings are inactive. The AI engine automatically determines and applies its own dynamic thresholds based on its analysis of market conditions.

• HL Sniper Mode: These settings do not affect the HL Sniper signals, as that mode uses a separate trend-based calculation.

Recommended Usage:

• For Standard Setups: The default values of 70 (Upper) and 30 (Lower) are balanced for most market conditions and are a great starting point.

• For More Frequent Signals: To increase signal frequency, you can bring the thresholds closer together. For example, try setting them to 65 and 35.

• For Fewer, Filtered Signals: To receive only higher-conviction signals, widen the gap between the thresholds. For example, try settings like 75 and 25.

Adjusting these thresholds allows you to fine-tune the indicator's responsiveness to match your risk tolerance and trading strategy.