Mandatory Indicators

StockHero allows an indicator to be set as Mandatory (or required). A mandatory indicator basically means that the entry/exit condition must contain the signal for this indicator before the entry/exit condition is considered fulfilled.

A mandatory indicator will make more sense if a user has set at least two indicators for the entry/exit condition. Sometimes, a user may create up to five indicators and set the condition that at least two of them need to be met before the entry or exit condition is fulfilled. However, the user may require one of the five indicators to be present, and hence, will tag that indicator as "Mandatory".

The table below shows an example of when the entry or exit condition is considered fulfilled. An (R) beside the indicator denotes a Mandatory indicator.

Indicators	Combination	Signal Received	Condition Met?
RSI, Volume	1 of 2	RSI	Y
RSI(R), Volume	1 of 2	Volume	N
RSI(R), Volume	1 of 2	RSI	Y
RSI,EMA(R),Stoch RSI	2 of 3	RSI, Stoch RSI	N
RSI,EMA(R),Stoch RSI	2 of 3	RSI, EMA	Y
RSI,EMA(R),Stoch RSI	2 of 3	EMA, Stoch RSI	Y
RSI(R),EMA,SRSI, BB, Volume	2 of 5	EMA, SRSI	N
RSI(R),EMA(R),SRSI, BB, Volume	3 of 5	EMA, SRSI, BB	N
RSI(R),EMA(R),SRSI, BB, Volume	3 of 5	RSI, EMA, Volume	Y

Mandatory indicators offer traders a powerful option to remove "noise" from the market.

Mandatory TradingView Signal

You can also set a TradingView signal as a "Required" indicator. If this is enabled, you will need to set the Validity period. The Validity period refers to how long the bot should hold a TradingView signal before the next TradingView signal is received.

For example, if you set "60" seconds as the Validity period and TradingView Signal 1 is received, the next TradingView Signal 2 that arrives within 60 seconds from the receipt of Signal 1 will evaluate Signal 1 as a Required signal and execute the trade. If Signal 2 arrives after 60 seconds from the receipt of Signal 1, the bot will not execute. This is because Signal 1 is set as a "Required" indicator.