RazorLake Alpha Indicator Introduction

The RazorLake ALPHA indicator overlays on your chart and provides visual cues like custom candles, trend lines, Fibonacci zones, and buy/sell signals. It aggregates data from Binance and Coinbase for crypto
assets, focusing on USD, USDT, and USDC pairs, and uses advanced calculations like On-Balance Volume (OBV), Gaussian regression, and Unscented Kalman Filters to smooth data and identify trends.

• These show buying and selling volume trends with color-coded candles.
• Pale
  green and purple candles highlight high-volume bars, indicating strong market activity.
• Colors reflect trend strength: bright green for strong bullish, bright red for strong bearish, yellow/orange for mixed signals, and white/blue for neutral trends.

• Premium & Discount Zones: These are Fibonacci-based support and resistance areas calculated on lower timeframes, helping you identify potential reversal or breakout points.
• Fib Magnet: Displays bullish or bearish market stance on higher timeframes using Fibonacci retracement levels (0.5 and 0.618).

• Regression Trend (RT): A smoothed trend line using Gaussian filtering and ATR-based channels to show market direction.
• Volatility Range uses an Unscented Kalman Filter to plot dynamic support/resistance bands, helping you gauge market volatility.
• The Volume-Weighted Average Price is anchored to daily sessions and used as a reference for fair value.
• A daily 200-period Exponential Moving Average helps you track long-term trends.

• Fast momentum flips generate buy and sell signals based on trend changes and volatility.
• Signals can be filtered by volume, RSI, or channel breakouts for higher accuracy.

You can adjust the indicator through the input settings, grouped for ease of use:

Candles Group:

• Candles:
  Choose between Regular, IQ (volume-based), Long Only, or Short Only candles.
• Clean: Enable arithmetic candles for smoother price data using linear regression.
• Dynamic: Adjusts candle opacity based on volume intensity (disable for static colors).

• Toggle Premium & Discount to show Fibonacci support/resistance zones.
• Enable Fib Magnet for higher-timeframe Fibonacci levels.
• Show 200 DEMA for the daily 200 EMA.

Trend Group:

• Enable VWAP, Trend (RLRT), or Volatility Range to display these overlays.

Signals & Filters Group:

• Signals: Turn on momentum-based buy/sell signals.

• Filters: Add volume, RSI, or channel filters to reduce false signals.

• Sensitivity: Adjusts signal sensitivity (0.1 to 2.0; default 1.0). Lower (e.g., 0.7) for conservative signals, higher (e.g., 1.6) for volatile assets.

• Timeframe: Set a custom timeframe for signal calculations (leave blank for chart timeframe).

Data Group:

• Use Chart Data Only: Use only the chart’s data or include aggregated Binance/Coinbase data.

• Stables/Perps: Include USDT/USDC stablecoin pairs or perpetual futures for crypto volume calculations.

Add to Chart:

• In TradingView, search for "RL: RazorLake ALPHA" and add it to your chart.

• Ensure
  you’re on a supported market (crypto works best due to data aggregation)

Interpret Visuals:

• Candles: Watch for green/purple IQ candles to spot high-volume moves. Bright green/red indicate strong trends; yellow/orange suggest caution.

• Fibonacci Zones: Look for price reactions near Premium (resistance) or Discount (support) zones. Fib Magnet lines (yellow/orange) show higher-timeframe bias.

• Trend Lines: Use RLRT (aqua/purple) and VWAP (yellow) to confirm trend direction. Volatility bands (purple) show potential reversal zones.

• Signals: Green triangles (buy) and red triangles (sell) appear below/above bars when momentum shifts. Use filters to refine these signals.

Customize Settings:

• Open the indicator settings and enable/disable features based on your strategy.

• For scalping, enable signals with volume filters and lower sensitivity. For swing trading, focus on Fib Magnet and 200 EMA.

Trading Tips:

• Combine signals with Fibonacci zones for confluence. For example, a buy signal near a Discount zone is stronger.

• Use Volatility Range to set stop-losses outside the bands.

• Monitor VWAP to gauge whether the price is above (bullish) or below (bearish) fair value.

Alerts:

• Set alerts for buy/sell signals via the “Signal” alert condition. Customize messages to include price, ticker, and timeframe for integration with platforms like Phemex.