The Grid Algo system
The Grid Algo - system (Quantower)
Introducing the grid algo system for Quantower – the ultimate trading system for both trend-following and reversal trading. Designed to give traders a clear and actionable edge, this system features 4 indicators, understanding market dynamics and making informed trading decisions has never been easier. Whether you're new to trading or a seasoned professional, this tool simplifies your strategy and maximizes your potential for success. Take control of your trades today!
iGRID DUAL bands indicator
The famous non-repainting bands indicator with crystal clear buy/sell signals
iGRID MOMO indicator
Indicates potentional trend reversals
iGRID Cloud indicator
Perfect for determining the trend direction
Mono, Heatmap, Buy/Sell
Choose any of the color modes like mono, buy/sell, heatmap, delta or delta + volume
iGRID alerts indicator
Indicates potentional trend reversals
Mono, Heatmap, Buy/Sell
Choose any of the color modes like mono, buy/sell, heatmap, delta or delta + volume
iGRID Algo system
iGRID Dual bands indicator
The Dual Bands Indicator for Quantower – the ultimate tool for both trend-following and reversal trading. Designed to give traders a clear and actionable edge, this indicator features two non-repainting bands, fully customizable to suit any chart and timeframe. Whether you're a scalper or a long-term trader, the Dual Bands Indicator adapts to your strategy for maximum efficiency.
Clear Buy/sell signals
Vertical Stripes
A vertical stripe signal will appear when the fast bands were outside the main bands and are now re-entering inside the main bands. When these occur at strong support/resistance levels then there is high probablility that a trend reversal or reversal to the mean will occur.
On the right you see an example where the fast bands (red / green) went outside the main bands (grey). The moment the fast bands enter inside the main band again the green vertical stripe will be shown.
Optionally the indicator can notify you with an (customizable) sound alert
Dots
a green dor red dot is potential trend continuation signal. It occurs when the fastbands continue align with the main bands again after a pullback
on the left you see an example where we are clearly in a downtrend.
During the downtrend we see small pullbacks,. when the pullbacks end and the main trend continues you will see that a red dot is plotted
Optionally the indicator can notify you with an (customizable) sound alert
Arrows
The arrows are indications that the trend is exhausted and might reverse soon. When you see them starting to occur at key support/resistance levels then you know price is at a spot where a potential trend reversal might occur
Optionally the indicator can notify you with an (customizable) sound alert
Auto optimization
Features auto optimization
The dual bands indicator can auto-optimize its settings based on curren marke conditions. Just enable the checkbox for auto optimization inside the indicator settings and the band will auto optimize so that only a certain percentage of price is outside the mainbands
Auto periodic refresh
Some traders like the bands to auto refresh every x bars. With the latest version of our dual bands indicator this option is now available. Simply enable the checkbox and set the period (in bars) how often you want it to refresh and thats it !
Full support for Algo studio pro / strategies
The indicator exports various lineseries / plots or the stripes, arrows, dots and ofcourse the bands themselves allowing you to create your own strategies which are using the dual bands indicator
Change log
- Added extra plots for use in strategies.
- initial release.
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The following products are often combined with the orderflow footprint indicator
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