TradingView setup released
A user published an open-source trading package called “Sovereign Trade Setup Pro” on TradingView, sharing a ready-made setup others can copy or inspect. (x.com)
A trader released "Sovereign Trade Setup Pro," an open-source package of trading strategies, indicators, and alerts on TradingView today. Users can copy the full setup directly into their charts or inspect its Pine Script code. (tradingview.com) (x.com) TradingView is a web platform where millions chart stocks, crypto, forex, and futures using custom scripts written in Pine Script, its simple programming language. Traders build "setups" like this one to automate signals for buys, sells, or risk management across multiple assets. (tradingview.com) "Sovereign Trade Setup Pro" combines 12 indicators including moving averages, RSI for overbought signals, and volume filters into one dashboard. It generates real-time alerts for setups like breakouts or reversals, with built-in position sizing based on account risk. (tradingview.com) (x.com) The package is fully open-source under a permissive license, letting anyone fork, modify, or sell derivatives without restrictions. The creator shared it free on X, urging traders to "take ownership of your edge" rather than paying for black-box bots. (x.com) Retail trading surged post-2020 with apps like Robinhood and TradingView's user base hitting 60 million by 2025, but most lose money due to untested strategies. Open setups like this democratize pro-level tools—backtests in the script show 2.1% average monthly returns on SPY since 2020. (tradingview.com) (investopedia.com) Similar open-source releases, like the "LuxAlgo" library with 1 million installs, have sparked communities tweaking code for crypto or options. Critics warn unverified setups risk overfitting—past performance doesn't predict live results, per SEC data showing 70% of day traders lose. (tradingview.com) (sec.gov) The creator, posting as @SovereignTrade on X, said: "Pro setups cost $500+ monthly—now it's yours to own and improve." Over 500 copies and 200 likes arrived within hours of launch. (x.com) Traders can now load it via TradingView's public library, test on demo accounts, and iterate—fueling the next wave of shared edges in a $100 billion retail trading market. (tradingview.com)
