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

iGRID alerts indicator

Indicates potentional trend reversals

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 a (customizable) sound alert.

Dots

A green or red dot is potential trend continuation signal. It occurs when the fast bands continue to 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 a (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 a (customizable) sound alert.

Auto Optimization

Features auto optimization

The dual bands indicator can auto-optimize its settings based on current market 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 main bands.

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 of course the bands themselves allowing you to create your own strategies which are using the dual bands indicator.

Change log