AutoUFOs (patented)

2019年3月16日

█ OVERVIEW:

AutoUFOs is a cutting-edge trading tool designed to enhance your trading precision and to save you trading time. With its unique patented technology, AutoUFOs analyzes various financial markets, identifying potential Un-Filled Orders (UFOs) and plotting them on your charts. By leveraging these UFOs, you can define precise entry, stop, and target points, giving you a strategic edge in your trading decisions.

█ CONCEPTS:

• AutoUFOs identifies price regions with pending buy and sell orders
  
• UFOs on the charts represent these regions and indicate potential upcoming turning points
  
• UFOs help define more precise entry, stop, and target points
  
• Enhances trading precision and improves performance
  
• Useful for all styles: long-term, intermediate-term, short-term
  
• Powerful for commercial hedging strategies
  
• Time interval flexibility for different trading styles
  
• Benefits options traders in identifying powerful strike prices
  
• Empowers users to make informed trading decisions
  

█ WITH MORE DETAIL:

AutoUFOs goes beyond simple technical analysis and plots UFO Bands on your charts. These UFO Bands visually represent the price regions where potential buy and sell orders are waiting to be executed. The intensity of the color within the bands provides a valuable indication of the potential strength of the unfulfilled orders in those regions.

In addition to UFO Bands, AutoUFOs introduces round Flying Saucers to enhance your understanding of market dynamics. These Flying Saucers highlight the areas on the chart with the highest concentration of UFOs. By pinpointing these areas, you gain deeper insights into where the market is likely to react and experience significant movement.

The combination of UFO Bands and Flying Saucers provides a comprehensive visual representation of potential order flow and market sentiment. Traders can leverage this information to make more informed decisions about entry and exit points, allowing for greater precision in their trading strategies.

Whether you're a technical analyst seeking to identify price levels where the market is likely to bounce or a trend follower looking for confirmation of market momentum, AutoUFOs empowers you with detailed visuals to support your trading decisions.

█ BEHIND THE SCENES:

AutoUFOs employs a unique and patented approach to identifying Un-Filled Orders (UFOs) in the market. Unlike traditional methods that rely on current order book data, AutoUFOs takes into account the intricate nuances of market dynamics, considering the intentions and strategies of larger market players who employ sophisticated algorithms to execute their orders, such as iceberg algos. By doing so, AutoUFOs uncovers potential UFOs that are likely to remain in the market based on the underlying reasons behind their placement.

One key aspect of AutoUFOs' analysis is the recognition of price levels that hold significance due to the presence of UFOs. These levels represent areas where market makers, for instance, strategically hedge their positions in response to large orders that were only partially filled upon injection into the marketplace. AutoUFOs diligently identifies these signs, allowing traders to gain insights into the potential existence of unfulfilled orders that can significantly impact market behavior.

AutoUFOs operates on a distinctive methodology that sets it apart from traditional approaches. Notably, it eschews the use of order book information, relying solely on level 1 data for its analysis. This unconventional approach seeks out subtle indications that hint at the existence of Un-Filled Orders (UFOs). By examining these signs, AutoUFOs uncovers potential price levels where UFOs may be lurking.

Consider, for instance, a scenario where a market experiences a sudden and pronounced price movement. In such cases, AutoUFOs directs its attention to the origin of the movement, recognizing it as a crucial area to investigate. The underlying rationale is simple yet profound: if all orders had been filled at the origin, the price would have stagnated, resulting in a sideways price action. However, the occurrence of a significant movement suggests that the market encountered a scarcity of buyers (for a downward movement) or sellers (for an upward movement) at that specific price level. This scarcity implies the presence of Un-Filled Orders that remained unfilled from the outset. By diligently identifying such scenarios, AutoUFOs initiates additional analytical processes that consider factors such as volume ratios, tick ratios range ratios, etc., providing an evaluation of the expected quantity of potential UFOs.

This example illuminates the essence of the concept previously mentioned—AutoUFOs diligently "looks for signs" that point towards the potential existence of UFOs. By systematically examining various market dynamics, AutoUFOs unravels hidden opportunities that arise from unfulfilled orders, leveraging metrics like volume ratios and tick ratios to gauge the anticipated abundance of UFOs. Through this meticulous and sophisticated analysis, AutoUFOs empowers traders with invaluable insights into the market, enabling them to make more informed decisions based on these hidden signals.

Once this initial analysis is complete and multiple relevant price points are identified based on the UFOs detected, AutoUFOs delves further by employing its advanced technology to retrospectively evaluate the UFO Performance. This evaluation assesses the characteristics and attributes that contributed to the effectiveness of specific UFOs in the past. By unraveling these statistical insights, AutoUFOs identifies the most relevant UFOs that are likely to retain their predictive power into the future.

Through its scientific and technical methodology, AutoUFOs offers traders a powerful way to navigate the complexities of the market for informed decision-making.

█ FEATURES:

• Precise Trade Entries: Utilize the power of UFOs to identify optimal moments/prices to enter trades with confidence
  
• Strategic Exits: Plan your exits by leveraging the UFOs' reaction points, maximizing your profits and minimizing risk
  
• Flexible Time Intervals: Apply AutoUFOs to different time intervals, from seconds to monthly bars, range bars, etc. tailoring it to your preferred trading style
  
• Options Trading Advantage: For options traders, AutoUFOs helps identify price levels that are unlikely to be reached, allowing you to profit from selling out-of-the-money options and collecting premiums
  

█ HOW TO USE:

• Follow the author’s instructions to request access to this invite-only script or follow the links in the vendor’s signature field that appears under this description
  
• Add AutoUFOs to your TradingView chart by clicking on Indicators > Invite-only scripts > AutoUFOs
  
• Select the market and timeframe you want to analyze and make sure you have adjusted the calibration settings to your liking
  
• For long trades, you may consider buying within a Green UFO and sell within a Red UFO
  
• For short trades, you may consider selling within a Red UFO and buy within a Green UFO
  
• Options traders can utilize UFOs to identify areas for selling options with limited risk or to select their strike prices
  
• Consider the color intensity of UFOs for potential trade strength
  
• Enhance your current trading methodology by combining UFOs with what you currently do
  
• Plan your trades based on the Un-Filled Orders identified by AutoUFOs and the rules of your trading plan
  
• We strongly recommend you to read the HOW-TO idea on "HOW-TO Add Precision To Entries & Exits With AutoUFOs (patented)" which is linked below as a related idea
  

█ LIMITATIONS:

• AutoUFOs should not be used as the sole basis for trading decisions
  
• The tool is not infallible and should be used in conjunction with other market analysis tools, especially when it comes to defining the current market condition, for which we prefer AutoClimate
  

Thank you for considering AutoClimate as your ultimate market environment indicator. We hope it enhances your trading experience and leads to greater success in your trades




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Disclaimer: Trading involves risk and each investor/trader must determine if it is a suitable investment. Past performance is not indicative of future results. You accept responsibility for your actions and agree not to hold the author/developer liable for any outcomes.

No Service Guarantee: The author/developer makes no guarantee that the TradingView indicators and services will be uninterrupted, timely, secure, accurate, or error-free. The market data may be delayed, inaccurate, or contain errors, and the developer is not liable for any issues that arise.

Calibration: The user is responsible for calibrating the indicator as different parameters can produce different results. The author/developer is not responsible for any outcomes resulting from the user's calibration.

Testimonials: Testimonials are subjective and not independently verified.

2023年11月18日

リリースノート

• Enhanced Data Feed Handling: We've upgraded our system to better manage instances of missing or corrupt market data, ensuring smoother and more reliable data integration for analysis.
  
• Advanced Data Structures: Our latest update includes more sophisticated and efficient data structures. This enhancement allows for the computation of a higher quantity of Red and Green UFOs, essential for executing complex trading strategies like counter-trend, mean-reversion, non-directional options trading, and more.
  
• Refined Visuals for Precision Trading: The visuals have been significantly enhanced to more accurately highlight UFO areas. This improvement is particularly beneficial for traders who need pinpoint accuracy in scaling in and out of positions or who require exact entry and exit prices.
  
• Real-time UFO Performance Statistics: A new feature providing real-time UFO performance stats has been added. This advancement aids in more precise calibration and is invaluable for assessing the reliability of a trading product and measuring institutional interest.