WHAT IS THE EFFORTLESS ALGORITHM?

The Effortless Algorithm is a highly accurate stock trading indicator. The main features of this algorithm are its stellar accuracy as well as the caliber of moves it catches.

Effortless Algo is a powerful stock options trading indicator that utilizes momentum and historical data to provide potential "long" and "short" areas for trading. Its unique script incorporates custom-coded confirmations, making it a protected and distinct tool.

With Effortless Algo, you can benefit from conveniently placed take-profit points determined by ATR levels. The settings menu can adjust these take-profit points to suit your preferences.

The indicator includes an EMA line that follows the market trend, changing colors to indicate bullish or bearish trends. This EMA line is the custom-coded script's only "classic" element.

Effortless Algo is user-friendly and can be easily applied directly to your chart. You have the flexibility to customize the EMA line and take profit signals within the settings menu.

It's important to note that Effortless Algo does not predict the future movement of stocks. Instead, it uses historical data points to provide potential entry and exit alerts. The indicator is intended to help users understand stock movements and is shared with the hope that others can find success as well.

Please be aware that Effortless Algo does not provide financial advice and is meant for general use only.

Release Notes:

• August 9, 2022: Added a customizable CHOP Index to filter out market chop and affect trading signal frequency.

• August 30, 2022: Associated the CHOP Index with the custom EMA line, turning it yellow when the market exceeds the CHOP allowance.

• August 30, 2022: Added confirmations via Supertrend & VWAP direction, visual breakouts with signals, and visual support and resistance lines.

• December 22, 2022: Introduced "Strong Buy" and "Strong Sell" signals based on momentum and exponential moving averages, along with a fix for the Sell alert bug.

• February 1, 2023: Implemented automatic HA candle calculations, and color changes for VWAP, removed chop color from the EMA line, and introduced the Effortless Entries indicator with "Long" and "Short" signals.

• February 1, 2023: Updated settings for enhanced user experience.