Frequently Asked Questions
Everything You Need to Know About PhantomSpot & Algo
How do I gain access?
PhantomSpot: Within 24 hours of payment, PhantomSpot will be sent to the email you provided upon signup.
Algo: Within 24 hours of payment, the Algo will be sent to the TradingView username you provided upon sign up. If you do not already have an account with TradingView, you can open up a free account on TradingView.com.
I am not a day trader. Will this work for swing trades?
PhantomSpot: Yes! PhantomSpot provides an idea of where the market could go, and with this, you can position your trades accordingly.
Algo: Yes! The Algo can be used for swing trades. When the trend cloud on higher timeframes flips to bullish, swing traders take stocks long and use Algo levels to guide profit taking steps along the way. This trend combined with your knowledge of the market and candlestick patterns can enhance your trading.
What timeframe does the Algo work on?
The Algo works on all timeframes, and top traders best utilize it on multiple timeframes to perfect entries and exits, and also to stay in trades longer to maximize profits.
How does the Algo work?
Simply add the automatic version of the Algo to your chart and levels will appear after the opening bell (9:30 AM EST).
How does the Algo work on manual settings?
The manual version of the Algo is useful when there is a momentum trade that is trading past the automatic levels, when a trader wants to look at certain price action, when there is incomplete data on TradingView, and more. Simply open the indicator's settings and input the High and Low price values to generate levels. If the chart prices on TradingView do not reflect what your brokerage chart shows, always use what your brokerage chart shows.
Instructions for manual settings
Step 1: Add the Algo manual indicator to chart and open the indicator's settings.
Step 2: Define high and low values in settings, then click Ok.
Step 3: Adjust chart sizing to your liking by clicking on the right-hand side of the chart where price values are, and dragging upwards.
