Prop Alpha Pro Studies

Signal Series

Signal Zones

After a trigger condition is met, automatically draw a zone around any signal bar or combination of subgraphs to monitor the area for a retest. Featuring a 'First Touch' of the zone subgraph, Signal Zones draws and removes custom zones from your charts based on selected settings and conditions.

Signal Backtester

Instantaneously receive feedback on a signal's win rate, average stoploss, gross profit and loss, max drawdown, and Kelly fraction. Signal Backtester eliminates the downtime of rigorous chart replay to quickly evaluate a trade thesis and estimate historical risk skews.

Signal Deployer

Automate execution of your strategy, including order type, stoploss variations, take profit variations, slippage adjustments, and much more. Signal Deployer gives traders the ability to connect to any signal or subgraph and auto-trade custom strategies with ease.

Signal Filter

Add a filter to any signal for a positive, negative or non-zero correlation to additional factors to improve your historical profit and loss, drawdown, risk skew, or Kelly fraction. Signal Filter allows you to focus on signals printing during advantageous market conditions or eliminate signals printing during adverse market conditions.

Signal Lag Series

A bar-based delay for any signal or subgraph to be used when overlaying from the higher timeframes. Signal Lag Series provides traders additional protection against lookahead bias while backtesting.

Signal Repetition

Identify patterns when a bullish or bearish signal repeats in consecutive order. Signal Repetition can be used to create advanced Signal Combos or to simply delay the entry on signals which tend to fire sequentially.

Signal Subgraph Proximity

Create a signal based on current price proximity, within a range of ticks, to any subgraph. Signal Subgraph Proximity detects how close price is to an area of interest, filters for time intervals between touches, and lets the user label them as buy signals, sell signals, or neutral ('pure proximity') signals.

Renko Reversal

Mark swing highs and lows on a Renko brick chart so time-based noise is filtered out of the auction. The Renko Reversal study uses brick color, rotation size, and labeled reversal levels to help traders time entries and exits.

ODZ (Open Drive Zones)

Draw the session open-drive range as labeled horizontal zones on the chart. Open Drive Zones treat those boundaries as early-session support and resistance as price rotates back into or away from the open.

DDP (Dynamic Delta Pivots)

Track impulsive delta ranges and pivot points as the auction unfolds. Dynamic Delta Pivots filter by aggression and standard deviation so traders can see where size defined the current rotation.

MPZ (Market Profile Zones)

Automatically identify balance vs imbalance, single prints, poor highs and lows, and gap ups vs downs as the session develops. Market Profile Zones plots those structures on the chart so traders can track developing value in real time.

ATM (Trend Break)

Automatically mark trend breaks with labeled Hold, Lost, and buy-side or sell-side break levels as the auction develops. ATM (Trend Break) uses move threshold and volume context so traders can see when a trend is still holding versus when control has flipped.

Trapped Traders and Anomalous Delta

Highlight absorption, failed aggression, and anomalous delta on footprint or bar charts. Trapped Traders and Anomalous Delta flags where size could not move price, defining reversal zones with risk at those failed attempts.

Execution Chart (overlay other studies)

Stack Prop Alpha studies on a single execution timeframe, including pivots, VWAP, session levels, ICT zones, and order-flow markers. Execution Chart lets traders take entries in context rather than from one isolated signal.

LTF P2P & Inflection Zones

Track the daily auction point-to-point so you can see who is in control and which way directional bias is leaning. LTF P2P & Inflection Zones also highlight inflection areas where those session-to-session auctions align.

HTF P2P

Track the weekly auction point-to-point so you can see who is in control and which way directional bias is leaning. HTF P2P connects each session’s auction to the previous to map higher-timeframe control and bias.

ICT Suite (FVG, IFVGs, Unicorns)

Plot fair value gaps, inversion FVGs, and unicorn setups as zones on the chart. The ICT Suite marks imbalance for retests and continuations without drawing the boxes by hand.

DVO Metrics

Based on volume after an up or down tick, the DVO Metrics study determines the correct volume per bar chart setting, for any product, for the Delta-Volume Oscillator, DVO Spread, and Bid-Offer Exhaustion.

Market Internals

Track dynamics in market momentum by monitoring statistics derived from breadth indicators. The Market Internals study automatically calculates and displays bullish momentum, bearish momentum, bullish reversal conditions ('balloon') and bearish reversal conditions ('led zeppelin').

Stoprun Reversal Bars

An adaptation to the logic behind Dynamic Delta Pivots, seeking real-time extreme aggression and looking for the potential edges of the range rather than the midpoint. Stoprun Reversal Bars locates potentially exhaustive moves – typical of stop-run activity – and thus provides a short-term reversion signal.

SCAD

Spatial Clustering Applications of Delta, or SCAD, organizes pivot data from the LTF Delta Pivots to automatically draw zones when two or more pivots are plotted within a given price threshold. Providing key structural areas of interest, SCAD allows traders to easily visualize where large traders have repeatedly shown interest in the auction.

MGI Filters

Display market-generated context on the chart: session or macro bias plus Globex and RTH volume versus average. MGI Filters keep higher-timeframe tape context visible without extra windows.

Prop-Alpha Pro allows traders access to custom settings for refining each tool to any product on any timeframe. The Signal Series, included in Prop-Alpha Pro, features tools that give traders the power to design their own signals, instantly backtest those signals to refine risk and deploy their strategies automatically with a custom BOT.

*Requires Sierra Charts Package 11 or higher.