Higher-Timeframe Skyscraper Indicator Signals and Alerts
Summary
This document describes a chart indicator that displays signals generated by the Skyscraper_Fix trend indicator using a selected timeframe. It distinguishes continuation from trend-change signals through different arrow shapes and colors, and can produce sound, alert, or mobile push notifications. The underlying indicator exposes settings for the instrument, timeframe, ATR lookback, sensitivity, and whether calculations use highs and lows or closing prices.
The remaining settings control signal-bar selection, chart labels and placement, colors, and alert behavior. The text explains that multiple instances on one chart need distinct label names and that the underlying indicator must be available for the signal indicator to function. It does not provide entry, exit, sizing, or risk-management rules, nor does it report backtest evidence or trading performance. As presented, it is a visualization and notification aid whose usefulness depends on the separate underlying indicator and the user’s interpretation of its signals.
Key ideas
- The indicator visualizes trend direction and trade-direction changes from a separate Skyscraper indicator.
- Arrow shape and color distinguish trend continuation from a change in direction.
- Users can configure the timeframe, ATR period, sensitivity, and price inputs.
- Display and notification settings control chart labels, alerts, sound, and push messages.
- The document provides no performance evidence or complete trading rules.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.