SignalX TREND

📊 Description of the SignalX TREND Channel Indicator

The SignalX TREND indicator is a visual tool designed to identify market direction and optimal buy/sell zones directly on the chart. It automatically builds a sloped channel by detecting whether the current trend is bullish or bearish and highlights key areas for trading:

🔍 Main Features of the Indicator:

✅ 1. Automatic Trend Direction Detection
The indicator draws an inclined channel, oriented:

Upwards (Bullish trend) — 🔼

Downwards (Bearish trend) — 🔽

🎯 2. Colored Zones of the Channel:

Green Zone – Ideal area for buying:
Located at the bottom of the channel.
✅ Enter long positions only if the channel is bullish.

Red Zone – Ideal area for selling:
Located at the top of the channel.
✅ Enter short positions in both bullish and bearish trends.

🧠 How to Interpret the Signals:

Channel Direction Buy (Bottom) Sell (Top)
🔼 Bullish ✅ Yes (Green zone) ✅ Yes (Red zone)
🔽 Bearish ❌ No ✅ Yes (Red zone)

📈 Additional Notes:

The midline (green or neutral) acts as the trend axis, useful as a take-profit level or potential re-entry point.

The channel helps avoid trading against the trend and clearly shows the best areas to enter and exit the market.

💡 Example Strategy:

Bullish Channel:
Wait for a touch in the green zone (bottom) → Enter long.
Take profit at the midline or in the red zone (top).

Bearish Channel:
Ignore buys in the green zone.
Wait for a touch in the red zone (top) → Enter short.

⚙️ Settings for the SignalX TREND Indicator

📌 Tab: Parameters
Length (Channel Length): 300

This setting defines the depth of the analysis — i.e., the number of candles used to build the regression channel.