Logic Day Trading Dashboard

1. What is Logic Day Trading Dashboard?

Logic Day Trading Dashboard for TradingView is a powerful tool designed to help traders efficiently monitor multiple markets and make quick trading decisions. This dashboard scans for the most promising day trading patterns across up to 10 symbols and 7 timeframes, all displayed in one easy-to-view interface. 

Logic Day Trading Dashboard provides practical trading insights, suggesting where to set your stop loss and take profit for each pattern it detects, helping you manage risk effectively. It simplifies complex market analysis, making it easier and faster for you to respond to trading opportunities.

The dashboard is split into two main parts: the MTS (Multi-Symbol) scanner, which looks at up to 10 symbols, and the MTF (Multi-Timeframe) scanner, which covers up to 7 timeframes. This setup ensures you never miss out on important market movements.

In this scenario, the dashboard detects great patterns for day trading on 10 different symbols. 

In this scenario, the dashboard detects great patterns for day trading across 7 different timeframes. 

These day trading patterns are particularly useful because they often serve as great trade opportunities. And you can use them as entry and exit points. Especially great for day trading.

2. Indicator settings:

   Please note that there are 2 parts to this product: Logic Day Trading Dashboard MTF and Logic Day Trading Dashboard MTS. Please add them both from your Invite-only scripts.

Logic Day Trading Dashboard MTF - Timeframe: select the preferred timeframes that the dashboard will display trade setups for the current symbol. 

Logic Day Trading Dashboard MTS – Symbol: select the preferred symbols that the dashboard will display with trade setups for the current timeframe.

Min range: set the smallest price range for patterns to be recognized.

Max range: define the largest price range for pattern detection.

High low filter: turn on to focus on price highs and lows for spotting important patterns.

High period: set how many bars to count to find the highest price in a period.

Fast period: choose how many bars to use for fast calculations, like quick signals.

ATR period for SL shift: the period used to calculate the Average True Range for adjusting stop loss levels.

SL shift coefficient: a multiplier used with the ATR value to adjust stop loss levels according to market volatility.

TP coefficient (from SL): a multiplier determining the Take Profit level relative to the Stop Loss distance.

TP color: choose a color for the Take Profit lines on the chart. 

SL color: select a color for the Stop Loss lines.

Various Color settings: customize colors for text, lines, and background to suit your preference.

Max bars to calculate: set the maximum number of bars the dashboard will look at. 

Alert for dashboard timeframes: tick to enable alerts for all the chosen timeframes in MTF dashboard.

Alert for dashboard symbols: tick to enable alerts for all the chosen symbols in MTS dashboard.

Alert for chart timeframe: tick to enable alerts for the current timeframe on the chart.

Alert for chart symbol: tick to enable alerts for the current symbol on the chart.

3. Alert set-up:

To stay updated on potential trading opportunities, you can set up alerts within the logic day trading Dashboard settings.

Step 1: From the indicator settings, customize your alerts by defining your desired parameters for buy and sell signals. The selected configurations will be used for notifications in Step 2.

Step 2: To receive notifications through the app, pop-ups, alert emails, Webhook URL, sound alerts, or email-to-SMS, enable these features by clicking on TradingView's Alert icon. Select Logic Day Trading Dashboard MTS or MTF from the dropdown list and choose the types of notifications you'd like to receive.