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Building Trading Signals from External Indicator Inputs

Article TradingView scripts

Summary

The Signal Adapter is a configurable way to combine plotted values from other indicators into long and short deal conditions. It accepts up to eight external series and several user-entered numeric values. For each deal event, users select a source, a comparison value, and an operator such as a threshold comparison, crossover, crossunder, rising, or falling. Separate conditions define when to start or end long and short deals, with additional conditions available to cancel a pending start or end.

The indicator marks these events on the chart and emits corresponding alerts when bars are confirmed. Its stated purpose is to pass composed signals to a separate trailing-strategy backtester, allowing users to prototype rules without writing a dedicated signal indicator. The supplied document is truncated, so it does not expose every condition mapping or the full implementation. It is a signal construction and alerting tool, not a complete trading system: position sizing, execution, and trade management depend on the connected strategy and user configuration. No test results or profitability evidence are presented.

Key ideas

  • The adapter combines up to eight plotted external indicator series with configurable numeric values.
  • Users define long and short start, end, and cancellation conditions using selectable comparison operators.
  • Chart markers and confirmed-bar alerts report the configured deal events.
  • The composed signal is intended for use with a separate trailing-strategy backtester.
  • The document is truncated and provides no performance evidence or complete strategy management rules.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.