Alpha Tools: Objective setups for your trades

Customizable indicators that identify buy and sell signals, entries, Stop Loss and targets, making it easier to apply different setups on the chart.

A Suite of Customizable Quantitative Indicators

Objectivity and Technical Rigor in Applying Setups

In the Fórmula de Trade methodology, after analyzing the Context and defining the Strategy, it is time to choose a Setup. This stage helps identify trading Signals, Entry points, Stop Loss distances and potential Targets (Take Profit), as well as guide trade management. Many people find it difficult to define these parameters objectively, particularly beginner traders or those who are not yet familiar with a specific setup.

With this in mind, iQuant developed Alpha Tools, a suite of trading indicators that implements specific setups in a customizable, objective way, making it easier to identify the key information needed to trade. The first version was developed in Pine Script for TradingView, while the team is exploring dedicated versions for MetaTrader, Nelogica and even Python.

Quantitative Suite

High-Fidelity Indicators

Compatible Platforms and Environments

Available in Pine Script, with native expansion to leading market technologies

Available

TradingView

Pine Script v5

MetaTrader

In Development

Nelogica Profit

In Development

Python API

Under Consideration

Practical Use and Operation

How Alpha Tools Works

One example of how Alpha Tools works is its implementation of setups associated with trader Larry Williams that use the 9-period Exponential Moving Average (EMA9). With TradingView's standard Exponential Moving Average indicator, someone familiar with these setups can readily identify Signals, Entries, Stop Loss and Targets. For someone with less experience, however, this may be harder. Alpha Tools makes this knowledge easier to apply by displaying the information objectively on the chart.

Signals and Activation on the Chart

The first information displayed on the chart is the Setup Signal, indicating a Buy or Sell. The indicator also visually shows trade Activation: the point at which the Entry price is reached.

Real-Time Visual Confirmation

Removes uncertainty by marking the exact activation candle and the direction of the move.

Figure 1: 9.3 Buy Signal and activation candle High Resolution

Figure 2: HUD and Data Window High Resolution

Telemetry in the Data Window

By placing the cursor over the Setup Signal candle, you can also consult the relevant information in TradingView's Data Window: Entry price, Stop Loss, Risk information and Targets.

Parameterized Risk Management

Automatically calculated values eliminate human calculation errors in the heat of the trading session.

Customizing the Indicators

In addition to consulting the displayed information, you can customize the Indicator by adjusting the Risk-to-Return ratio, the number of Targets and other parameters.

Full Trading Flexibility

Direct adaptation to each investor's or quantitative fund's risk profile and trading plan.

Figure 3: Native parameter dialog and Risk/Return High Resolution

Screenshots retain their original interface language. Descriptions and captions are provided in English.

Algorithm Library

Alpha Tools Setups

The setups implemented in this TradingView version include:

Strategy

Trend Following

Setups 9.2, 9.3 and 9.4

Larry Williams (trading with the trend using EMA9).

Trend Following

Strategy

Mean Reversion

“Fechou Fora, Fechou Dentro” (FFFD) Setup — Close Outside, Close Inside

Using Bollinger Bands for statistical reversion to the mean.

Mean Reversion

Strategy

Breakout

Bollinger Band Squeeze Setup

Detecting volatility contraction ahead of explosive breakouts.

Breakout & Volatility

Strategy

Trend Reversal

Larry Williams 9.1 Setup

Change in the slope of EMA9 and a trigger for flow reversal.

Flow Reversal

Methodology Integration

Ready to trade with quantitative clarity?

Alpha Tools is part of the Tools and Setups pillar of iQuant's Fórmula de Trade methodology.

Explore Alpha Tools View the Full Methodology