TrendLines MTF [Cometreon]TrendLines MTF is a next-generation indicator designed to automatically detect and plot all relevant trendlines across any symbol and timeframe—including higher ones. Using advanced algorithms, it constantly scans price action and updates the chart in real-time, offering a fast, precise, and dynamic view of market structure.
This tool streamlines market analysis and boosts decision-making by eliminating the need for manual trendline drawing.
🔷 Key Features
🟩 Automatic Plotting
The indicator automatically draws and updates trendlines, providing a real-time overview of market trends.
🟩 Breakout and Bounce Signaling
Provides immediate notifications when a trendline is broken or the price bounces off it, allowing traders to react promptly to market changes.
🟩 Customization
Offers the ability to modify length, touches, colors, and line style to suit individual preferences.
🟩 Information Table
Includes a detailed table showing the values of all active trendlines, facilitating the monitoring of key market points.
🟩 Configurable Alerts
Allows setting custom alerts for breakouts, bounces, or creation of new trendlines.
🔷 Technical Details and Customizable Inputs
Trendline offers a range of customizable inputs that allow adapting the indicator to specific needs:
1️⃣ Trendline Type - Select between active trendlines, broken ones, both, or none.
2️⃣ Left and Right Length - Defines the extension of maximum and minimum points to identify Trendlines.
3️⃣ Timeframe - You can also modify the timeframe of Trendlines to display a higher timeframe.
4️⃣ Confirm at Timeframe - Allows you to confirm the Trendlines using the chart's timeframe instead of the selected one. This checks whether a candle has already broken the line previously.
5️⃣ Delete at Timeframe - Input to remove trendlines based on breakouts with chart candles, instead of using candles of a higher timeframe.
6️⃣ Touch Need - Sets the number of touches needed to confirm a Trendline.
7️⃣ Max Trend Line for Level - Limits the maximum number of Trendlines in a single level.
8️⃣ Extended Line After Break - Option to extend broken Trendlines by a specific value.
9️⃣ Session Range - The "Session Range" offers two options: select a specific date or a period relative to the last candle. The input allows choosing between "Choose" and "Pick Up".
With "Choose", you select a relative period, with two modes:
Last : shows the trendlines of the selected period, compatible with Replay.
Real Time : displays all TrendLines, searching from the last selected period.
Example: "1 Month" with "Last" shows the TrendLines from the previous month, while "Real Time" searches without time limits but uses the values from the last month. This allows defining the search depth of the indicator, crucial for computing power. In case of issues, use "Auto".
1️⃣0️⃣ Trendlines Style - Modify the style for each type of Trendlines (Valid, Break) including color, style, and line thickness.
1️⃣1️⃣ Trends Trendlines - Enable/disable two different trends:
Trend Bar Color : based on TrendLines breakouts. Breaking a bearish TrendLine results in a bullish trend, vice versa for breaking a bullish TrendLine.
Trend Background : based on the number of active TrendLines. For example, if the number of bullish TrendLines is greater than the "Strength", the trend will be bullish.
1️⃣2️⃣ Signal Style - You can enable or disable breakout and bounce signals, with customizable colors for each signal type.
1️⃣3️⃣ Alert - Set notifications for breakouts, bounces, or formation of new Trendlines.
1️⃣4️⃣ Table - Customize the table showing the values of all active trendlines, facilitating the monitoring of key market points. You can modify the appearance of the table, changing the color of cells and text.
These options allow you to optimize the indicator for different trading styles and market conditions, ensuring precise and personalized technical analysis.
🔍 How to Use Trendlines MTF
📌 Market Analysis
Use the displayed Trendlines as critical indicators of market dynamics to make informed trading decisions.
📈 Signal Interpretation
Leverage Trendline breakouts and bounces to identify potential trend changes and trading opportunities.
🛠 Strategy Integration
Use Trendlines and generated signals as a basis for creating personalized and innovative trading strategies.
☄️ With Trendlines, you can simplify your market analysis, saving time and improving the accuracy of your decisions with clearly visualized and customizable Trendlines.
Don't waste any more time and visit the link to get access to all Cometreon indicators.
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Auto TrendLines [TradingFinder] Support Resistance Signal Alerts🔵 Introduction
The trendline is one of the most essential tools in technical analysis, widely used in financial markets such as Forex, cryptocurrency, and stocks. A trendline is a straight line that connects swing highs or swing lows and visually indicates the market’s trend direction.
Traders use trendlines to identify price structure, the strength of buyers and sellers, dynamic support and resistance zones, and optimal entry and exit points.
In technical analysis, trendlines are typically classified into three categories: uptrend lines (drawn by connecting higher lows), downtrend lines (formed by connecting lower highs), and sideways trends (moving horizontally). A valid trendline usually requires at least three confirmed touchpoints to be considered reliable for trading decisions.
Trendlines can serve as the foundation for a variety of trading strategies, such as the trendline bounce strategy, valid breakout setups, and confluence-based analysis with other tools like candlestick patterns, divergences, moving averages, and Fibonacci levels.
Additionally, trendlines are categorized into internal and external, and further into major and minor levels, each serving unique roles in market structure analysis.
🔵 How to Use
Trendlines are a key component in technical analysis, used to identify market direction, define dynamic support and resistance zones, highlight strategic entry and exit points, and manage risk. For a trendline to be reliable, it must be drawn based on structural principles—not by simply connecting two arbitrary points.
🟣 Selecting Pivot Types Based on Trend Direction
The first step is to determine the market trend: uptrend, downtrend, or sideways.
Then, choose pivot points that match the trend type :
In an uptrend, trendlines are drawn by connecting low pivots, especially higher lows.
In a downtrend, trendlines are formed by connecting high pivots, specifically lower highs.
It is crucial to connect pivots of the same type and structure to ensure the trendline is valid and analytically sound.
🟣 Pivot Classification
This indicator automatically classifies pivot points into two categories :
Major Pivots :
MLL : Major Lower Low
MHL : Major Higher Low
MHH : Major Higher High
MLH : Major Lower High
These define the primary structure of the market and are typically used in broader structural analysis.
Minor Pivots :
mLL: minor Lower Low
mHL: minor Higher Low
mHH: minor Higher High
mLH: minor Lower High
These are used for drawing more precise trendlines within corrective waves or internal price movements.
Example : In a downtrend, drawing a trendline from an MHH to an mHH creates structural inconsistency and introduces noise. Instead, connect points like MHL to MHL or mLH to mLH for a valid trendline.
🟣 Drawing High-Precision Trendlines
To ensure a reliable trendline :
Use pivots of the same classification (Major with Major or Minor with Minor).
Ensure at least three valid contact points (three touches = structural confirmation).
Draw through candles with the least deviation (choose wicks or bodies based on confluence).
Preferably draw from right to left for better alignment with current market behavior.
Use parallel lines to turn a single trendline into a trendline zone, if needed.
🟣 Using Trendlines for Trade Entries
Bounce Entry: When price approaches the trendline and shows signs of reversal (e.g., a reversal candle, divergence, or support/resistance), enter in the direction of the trend with a logical stop-loss.
Breakout Entry: When price breaks through the trendline with strong momentum and a confirmation (such as a retest or break of structure), consider trading in the direction of the breakout.
🟣 Trendline-Based Risk Management
For bounce entries, the stop-loss is placed below the trendline or the last pivot low (in an uptrend).
For breakout entries, the stop-loss is set behind the breakout candle or the last structural level.
A broken trendline can also act as an exit signal from a trade.
🟣 Combining Trendlines with Other Tools (Confluence)
Trendlines gain much more strength when used alongside other analytical tools :
Horizontal support and resistance levels
Moving averages (such as EMA 50 or EMA 200)
Fibonacci retracement zones
Candlestick patterns (e.g., Engulfing, Pin Bar)
RSI or MACD divergences
Market structure breaks (BoS / ChoCH)
🔵 Settings
Pivot Period : This defines how sensitive the pivot detection is. A higher number means the algorithm will identify more significant pivot points, resulting in longer-term trendlines.
Alerts
Alert :
Enable or disable the entire alert system
Set a custom alert name
Choose how often alerts trigger (every time, once per bar, or on bar close)
Select the time zone for alert timestamps (e.g., UTC)
Each trendline type supports two alert types :
Break Alert : Triggered when price breaks the trendline
React Alert : Triggered when price reacts or bounces off the trendline
These alerts can be independently enabled or disabled for all trendline categories (Major/Minor, Internal/External, Up/Down).
Display :
For each of the eight trendline types, you can control :
Whether to show or hide the line
Whether to delete the previous line when a new one is drawn
Color, line style (solid, dashed, dotted), extension direction (e.g., right only), and width
Major lines are typically thicker and more opaque, while minor lines appear thinner and more transparent.
All settings are designed to give the user full control over the appearance, behavior, and alert system of the indicator, without requiring manual drawing or adjustments.
🔵 Conclusion
A trendline is more than just a line on the chart—it is a structural, strategic, and flexible tool in technical analysis that can serve as the foundation for understanding price behavior and making trading decisions. Whether in trending markets or during corrections, trendlines help traders identify market direction, key zones, and high-potential entry and exit points with precision.
The accuracy and effectiveness of a trendline depend on using structurally valid pivot points and adhering to proper market logic, rather than relying on guesswork or personal bias.
This indicator is built to solve that exact problem. It automatically detects and draws multiple types of trendlines based on actual price structure, separating them into Major/Minor and Internal/External categories, and respecting professional analytical principles such as pivot type, trend direction, and structural location.
Dynamic Touch Trendlines [QuantVue]The Dynamic Touch Trendlines (DTT) indicator automatically draws and manages trendlines on your chart, helping traders identify key support and resistance levels.
What sets the DTT indicator apart from other trendline indicators is its ability to let traders customize the number of touches required to validate a trendline. This flexibility allows you to fine-tune the indicator for different markets or trading styles, ensuring only strong trendlines with the specified number of touches are considered valid.
This indicator features both uptrend lines (drawn from pivot lows) and downtrend lines (drawn from pivot highs), making it suitable for detecting bullish and bearish trends.
An uptrend line connects three (default setting) or more significant lows, showing where price has historically found support. Traders often look for price to bounce off this line during pullbacks in an uptrend.
When price breaks below an uptrend line, it suggests a weakening of the bullish trend. This could mean that buyers are losing strength, and the market may be transitioning into a bearish phase, providing a potential opportunity for traders to enter short positions or exit long positions.
Conversely, a downtrend line connects three (default setting) or more significant highs, indicating potential resistance in a downtrend. Price action below this line can signal continued bearish momentum.
When price breaks above a downtrend line, it indicates a potential reversal of the bearish trend. This can signal the end of selling pressure and the beginning of a new bullish phase, offering traders a potential opportunity to enter long positions.
Key settings:
Minimum Touches: This sets the number of price touches required to validate a trendline. Increasing the minimum touches filters out weaker trends, ensuring that only more reliable trendlines are drawn.
Buffer: The buffer is used to account for minor price overshoots or near misses relative to the trendline. It creates a margin around the trendline, allowing price to come close to the line—whether it overshoots slightly or falls just short—and still count as a valid touch. This helps ensure that small price fluctuations or market noise don’t prevent valid trendline touches from being recognized, making the trendlines more reliable.
Trendline Break Source: Allows traders to define how a trendline is considered broken—either based on the close of the price bar or the wicks (highs and lows) of the price action.
The DTT indicator also features alerts whenever a new trendline is detected or an existing trendline is broken!
TrendLine Toolkit w/ Breaks (Real-Time)The TrendLine Toolkit script introduces an innovating capability by extending the conventional use of trendlines beyond price action to include oscillators and other technical indicators. This tool allows traders to automatically detect and display trendlines on any TradingView built-in oscillator or community-built script, offering a versatile approach to trend analysis. With breakout detection and real-time alerts, this script enhances the way traders interpret trends in various indicators.
🔲 Methodology
Trendlines are a fundamental tool in technical analysis used to identify and visualize the direction and strength of a price trend. They are drawn by connecting two or more significant points on a price chart, typically the highs or lows of consecutive price movements (pivots).
Drawing Trendlines:
Uptrend Line - Connects a series of higher lows. It signals an upward price trend.
Downtrend Line - Connects a series of lower highs. It indicates a downward price trend.
Support and Resistance:
Support Line - A trendline drawn under rising prices, indicating a level where buying interest is historically strong.
Resistance Line - A trendline drawn above falling prices, showing a level where selling interest historically prevails.
Identification of Trends:
Uptrend - Prices making higher highs and higher lows.
Downtrend - Prices making lower highs and lower lows.
Sideways (or Range-bound) - Prices moving within a horizontal range.
A trendline helps confirm the existence and direction of a trend, providing guidance in aligning with the prevailing market sentiment. Additionally, they are usually paired with breakout analysis, a breakout occurs when the price breaches a trendline. This signals a potential change in trend direction or an acceleration of the existing trend.
The script adapts this methodology to oscillators and other indicators. Instead of relying on price pivots, which can only be detected in retrospect, the script utilizes a trailing stop on the oscillator to identify potential swings in real-time, you may find more info about it here (SuperTrend toolkit) . We detect swings or pivots simply by testing for crosses between the indicator and its trailing stop.
type oscillator
float o = Oscillator Value
float s = Trailing Stop Value
oscillator osc = oscillator.new()
bool l = ta.crossunder(osc.o, osc.s) => Utilized as a formed high
bool h = ta.crossover (osc.o, osc.s) => Utilized as a formed low
This approach enables the algorithm to detect trendlines between consecutive pivot highs or lows on the oscillator itself, providing a dynamic and immediate representation of trend dynamics.
🔲 Breakout Detection
The script goes beyond trendline creation by incorporating breakout detection directly within the oscillator. After identifying a trendline, the algorithm continuously monitors the oscillator for potential breakouts, signaling shifts in market sentiment.
🔲 Setup Guide
A simple example on one of my public scripts, Z-Score Heikin-Ashi Transformed
🔲 Settings
Source - Choose an oscillator source of which to base the Toolkit on.
Zeroing - The Mid-Line value of the oscillator, for example RSI & MFI use 50.
Sensitivity - Calibrates the Sensitivity of which TrendLines are detected, higher values result in more detections.
🔲 Alerts
Bearish TrendLine
Bullish TrendLine
Bearish Breakout
Bullish Breakout
As well as the option to trigger 'any alert' call.
By integrating trendline analysis into oscillators, this Toolkit enhances the capabilities of technical analysis, bringing a dynamic and comprehensive approach to identifying trends, support/resistance levels, and breakout signals across various indicators.
BE-TrendLines & Price SentimentsOverview
The trendline is one of the most potent and flexible tools in trading. A rising trendline indicates an upward trend, a falling trendline indicates a downward trend, and a flat trendline indicates a range-bound bond market.
Breakouts, price bounces, and reversal / Retest tactics are all types of trades that may be made using a trendline. Additionally, stop-loss and profit-trailing orders can be based on trendlines as support and resistance levels, appropriately.
Technical Calculations for Trendlines & Price Sentiments:
Pivot points for a specified time frame and the Prevailing High/Low for the most recent bars are used to derive trendlines. While Pivot Points alert us to price movements, High/Low tells us where Bulls and Bears find a middle ground. This provides a remarkable set of conditions from which to extrapolate the efficacy of the Trendlines.
The term "price sensitivity" refers to how much a change in the price of a product causes consumers to alter their purchase habits. It's the relationship between price shifts and shifts in consumer demand. So, for example, if a 30% jump in the cost of a product leads to a 10% drop in purchases, we can conclude that the item has a price sensitivity of 0.33%.
Basis the above theoretical statement, If the underlying asset's price drops, the indicator shall compute data on the amount of volume being pumped (Inflow vs Outflow) into the market (if available), or the percentage by which the price has changed. This will be compared to the recent drop rate to see if the behavior has changed at the similar value zone and non similar value zone. similar calculation shall be done if the price of the underlying rises.
Traders may benefit from hearing about Trendlines in their "Story Telling" form, which we now present. To help you comprehend it better, candles are divided into three Sentiment groups based on their color. Colors: Green (with its shades), Silver, and Red (including its shades). Green signifies a Bullish Trend, Silver a neutral trend, and Red a Brearish Trend.
Bullish Trend
Bearish Trend
Neutral Trend
Sentiment Price Cycle in Trending Market: Green (Directional Bullish), Dark Green (Bullish Trend Loosing its Strength), Silver (Neutral Trend), Red (Directional Bearish), Dark Red (Bearish Trend Loosing its Strength)
Sentiment Price Cycle in RangeBound Market: Green (Over Brought), Silver (Neutral) & Red (Over Sold)
How to Initiate Trade when price is within TL:
Fake Break Out Trade:
BreakDown Trade:
BreakOut Trade:
Couple of Other Features in the Indicator:
Single Alerts = These are the alerts where in, as and when the Event happens Alerts shall the trigerred. like On BreakOut, BreakDown, TouchOf Up TrendLine, TouchOf DownTrendLine, Retest Of Up TrendLine, Retest of DownTrendLine.
Conditional Alerts = These are those type of Alerts where in you can combine 2 or 3 conditions to trigger an Alert. Like
Sample 1 - After Down TL is tested for 3 times, If BreakOut happens and the setiment turns Bullish within 5 Candles.
Sample 2 - After Up TL is tested for 2 times, If Price Bounces backUp from TL and the setiment turns Bullish within 5 Candles.
Similarly you can customize the combination of events for getting the alert.
DISCLAIMER: No sharing, copying, reselling, modifying, or any other forms of use are authorized for our documents, script / strategy, and the information published with them. This informational planning script / strategy is strictly for individual use and educational purposes only. This is not financial or investment advice. Investments are always made at your own risk and are based on your personal judgement. I am not responsible for any losses you may incur. Please invest wisely.
Happy to receive suggestions and feedback in order to improve the performance of the indicator better.
Trend Lines ProHello Traders!
We need to make things better & better to solve the puzzle and I try to do my best on this way. now I am here with my new Trend Lines Pro script.
As you know, Trend Lines is very subjective and many people (even professionals) draw different Trend Lines on the same chart. This is confusing and there must be an automation to make the life easer. with this tool I tried to automate it.
The idea in this script is different from my previous trend lines scripts. In this, I use channel idea so it can check number of pivot points it contains, it checks H/L/C in the channels as well. it also checks the angle while choosing trend lines. then we get stronger and useful Trend Lines automatically.
There are some option in the script, let see one by one:
Pivot Period: The Length to calculate Pivot Highs/Lows
Source : Option to use "High/Low" or "Close" as the source for Pivot Points
Threshold Rate : This rate is used for channel width. it you give bigger numbers then you get bigger channels. it's 4 by default
Minimum Angle Rate for new Trendline: if there are different trend lines, there must be an angle between them to choose best trend lines. you can set the angle with this option.
Minimum Strength: there can be many trend lines but we need to choose/use stronger ones. with this option you can set the number of pivot points a trend channel have to contains.
Maximum Loopback Length: by default the script can check 40 pivot highs and 40 pivot lows but to make the script faster and useful I needed to add a limitation for the number of bars that the script can go back.
Show Trendlines as: you can see trend lines as "Trendline", "Channel", "Trend Channel". you can see examples below.
Enable Weak Trend Lines: if there is no trend lines strong enough (as defined in "Minimum Strength" option) you have option to see a weak trend line. that is useful sometimes. if you enable this option weak lines are shown as dotted lines.
Show Price Labels on Trendlines: the script can show the price levels to break trend lines. the examples are below
Line Style: trend lines can be Solid or Dashed as you wish
Color theme: colors of the Up/Down Trend lines can be set. 'Red', Lime, Blue, White, Black, Olive, Gray
you can see the Trend Lines as channels:
you can see Trend Channels to see the big picture.also there is dotted trend line as weak trend line defined above.
you can set color/width of trend lines as you wish.
the script is fast enough to run on 1sec chart:
you can use this script on any chart, fx pairs, stocks, indices etc
I made a short video to explain how to use it and some options:
Please PM for access.
Enjoy!
DISCLAIMER: No sharing, copying, reselling, modifying, or any other forms of use are authorized for our documents, script / strategy, and the information published with them. This informational planning script / strategy is strictly for individual use and educational purposes only. This is not financial or investment advice. Investments are always made at your own risk and are based on your personal judgement. I am not responsible for any losses you may incur. Please invest wisely.
Trend Lines Pro for IndicatorsHello Traders!
We need to make things better & better to solve the puzzle and I try to do my best on this way. now I am here with my new Trend Lines Pro for Indicators script.
As you know, Trend Lines is very subjective and many people (even professionals) draw different Trend Lines on the same chart. This is confusing and there must be an automation to make the life easer. with this tool I tried to automate it.
The idea in this script is different from my previous trend lines scripts. In this, I use channel idea so it can check number of pivot points it contains. it also checks the angle while choosing trend lines. then we get stronger and useful Trend Lines automatically.
There are some option in the script, let see one by one:
Indicator: the indicator on which you want to see Trend lines, Predefined Indicators are: RSI, CCI(Commodity Channel Index), OBV(On-Balance Volume), Momentum, MACD, CMF(Chaikin Money Flow), External Indicator
External Indicator: with this option you can use other indicators as input and get trend lines for them.
- First add an indicator (such as MFI)
- in "Indicator" option select "External Indicator"
- click "External Indicator" option
- and choose the indicator from the list
Pivot Period: The Length to calculate Pivot Highs/Lows
Threshold Rate: This rate is used for channel width. it you give bigger numbers then you get bigger channels. it's 4 by default
Minimum Angle Rate for new Trendline: if there are different trend lines , there must be an angle between them to choose best trend lines . you can set the angle with this option.
Minimum Strength: there can be many trend lines but we need to choose/use stronger ones. with this option you can set the number of pivot points a trend channel have to contains. default value is 2
Maximum Loopback Length : by default the script can check 40 pivot highs and 40 pivot lows but to make the script faster and useful I needed to add a limitation for the number of bars that the script can go back.
Show Trendlines as: you can see trend lines as "Trendline", "Channel", "Trend Channel". you can see examples below.
Enable Weak Trend Lines : if there is no trend lines strong enough (as defined in "Minimum Strength" option) you have option to see a weak trend line . that is useful sometimes. if you enable this option weak lines are shown as dotted lines.
Show Price Labels on Trendlines: the script can show the price levels to break trend lines . the example
Line Style: trend lines can be Solid or Dashed as you wish
Color theme: colors of the Up/Down Trend lines can be set. Red, Lime, Blue, White, Black, Olive, Gray
Indicator color: colors of the Up/Down Trend lines can be set. Red, Lime, Blue, White, Black, Olive, Gray and Yellow
and last options are for length options for RSI, CCI, Momentum, MACD, CMF
There are many alerts such: Support/Resistance Broken, Price in Support/Resistance channel, Support/Resistance line broken but still in a channel that means it broke S/R but there is another trend lines to break.
Below an example how the script uses external indicator as input and draws trend lines on it. in this example chaikin ossilator was added to the chart and get trend lines for it. (I am going to make a short video about it)
An example of Trend Channel is below. when you use trend channel option you can get "big picture" of whats going on
An example for trend lines in channels, that is the idea behind this trend lines script
An axample for trend lines for CCI:
Trend lines on OBV:
Trend lines on Momentum:
Trend lines on MACD:
Trend lines on CMF:
Different colors and line styles:
Please send me message for access and do not hesitate to ask your questions about this tool.
Enjoy!
DISCLAIMER: No sharing, copying, reselling, modifying, or any other forms of use are authorized for our documents, script / strategy, and the information published with them. This informational planning script / strategy is strictly for individual use and educational purposes only. This is not financial or investment advice. Investments are always made at your own risk and are based on your personal judgement. I am not responsible for any losses you may incur. Please invest wisely.
Trend Gauge [BullByte]Trend Gauge
Summary
A multi-factor trend detection indicator that aggregates EMA alignment, VWMA momentum scaling, volume spikes, ATR breakout strength, higher-timeframe confirmation, ADX-based regime filtering, and RSI pivot-divergence penalty into one normalized trend score. It also provides a confidence meter, a Δ Score momentum histogram, divergence highlights, and a compact, scalable dashboard for at-a-glance status.
________________________________________
## 1. Purpose of the Indicator
Why this was built
Traders often monitor several indicators in parallel - EMAs, volume signals, volatility breakouts, higher-timeframe trends, ADX readings, divergence alerts, etc., which can be cumbersome and sometimes contradictory. The “Trend Gauge” indicator was created to consolidate these complementary checks into a single, normalized score that reflects the prevailing market bias (bullish, bearish, or neutral) and its strength. By combining multiple inputs with an adaptive regime filter, scaling contributions by magnitude, and penalizing weakening signals (divergence), this tool aims to reduce noise, highlight genuine trend opportunities, and warn when momentum fades.
Key Design Goals
Signal Aggregation
Merged trend-following signals (EMA crossover, ATR breakout, higher-timeframe confirmation) and momentum signals (VWMA thrust, volume spikes) into a unified score that reflects directional bias more holistically.
Market Regime Awareness
Implemented an ADX-style filter to distinguish between trending and ranging markets, reducing the influence of trend signals during sideways phases to avoid false breakouts.
Magnitude-Based Scaling
Replaced binary contributions with scaled inputs: VWMA thrust and ATR breakout are weighted relative to recent averages, allowing for more nuanced score adjustments based on signal strength.
Momentum Divergence Penalty
Integrated pivot-based RSI divergence detection to slightly reduce the overall score when early signs of momentum weakening are detected, improving risk-awareness in entries.
Confidence Transparency
Added a live confidence metric that shows what percentage of enabled sub-indicators currently agree with the overall bias, making the scoring system more interpretable.
Momentum Acceleration Visualization
Plotted the change in score (Δ Score) as a histogram bar-to-bar, highlighting whether momentum is increasing, flattening, or reversing, aiding in more timely decision-making.
Compact Informational Dashboard
Presented a clean, scalable dashboard that displays each component’s status, the final score, confidence %, detected regime (Trending/Ranging), and a labeled strength gauge for quick visual assessment.
________________________________________
## 2. Why a Trader Should Use It
Main benefits and use cases
1. Unified View: Rather than juggling multiple windows or panels, this indicator delivers a single score synthesizing diverse signals.
2. Regime Filtering: In ranging markets, trend signals often generate false entries. The ADX-based regime filter automatically down-weights trend-following components, helping you avoid chasing false breakouts.
3. Nuanced Momentum & Volatility: VWMA and ATR breakout contributions are normalized by recent averages, so strong moves register strongly while smaller fluctuations are de-emphasized.
4. Early Warning of Weakening: Pivot-based RSI divergence is detected and used to slightly reduce the score when price/momentum diverges, giving a cautionary signal before a full reversal.
5. Confidence Meter: See at a glance how many sub-indicators align with the aggregated bias (e.g., “80% confidence” means 4 out of 5 components agree ). This transparency avoids black-box decisions.
6. Trend Acceleration/Deceleration View: The Δ Score histogram visualizes whether the aggregated score is rising (accelerating trend) or falling (momentum fading), supplementing the main oscillator.
7. Compact Dashboard: A corner table lists each check’s status (“Bull”, “Bear”, “Flat” or “Disabled”), plus overall Score, Confidence %, Regime, Trend Strength label, and a gauge bar. Users can scale text size (Normal, Small, Tiny) without removing elements, so the full picture remains visible even in compact layouts.
8. Customizable & Transparent: All components can be enabled/disabled and parameterized (lengths, thresholds, weights). The full Pine code is open and well-commented, letting users inspect or adapt the logic.
9. Alert-ready: Built-in alert conditions fire when the score crosses weak thresholds to bullish/bearish or returns to neutral, enabling timely notifications.
________________________________________
## 3. Component Rationale (“Why These Specific Indicators?”)
Each sub-component was chosen because it adds complementary information about trend or momentum:
1. EMA Cross
o Basic trend measure: compares a faster EMA vs. a slower EMA. Quickly reflects trend shifts but by itself can whipsaw in sideways markets.
2. VWMA Momentum
o Volume-weighted moving average change indicates momentum with volume context. By normalizing (dividing by a recent average absolute change), we capture the strength of momentum relative to recent history. This scaling prevents tiny moves from dominating and highlights genuinely strong momentum.
3. Volume Spikes
o Sudden jumps in volume combined with price movement often accompany stronger moves or reversals. A binary detection (+1 for bullish spike, -1 for bearish spike) flags high-conviction bars.
4. ATR Breakout
o Detects price breaking beyond recent highs/lows by a multiple of ATR. Measures breakout strength by how far beyond the threshold price moves relative to ATR, capped to avoid extreme outliers. This gives a volatility-contextual trend signal.
5. Higher-Timeframe EMA Alignment
o Confirms whether the shorter-term trend aligns with a higher timeframe trend. Uses request.security with lookahead_off to avoid future data. When multiple timeframes agree, confidence in direction increases.
6. ADX Regime Filter (Manual Calculation)
o Computes directional movement (+DM/–DM), smoothes via RMA, computes DI+ and DI–, then a DX and ADX-like value. If ADX ≥ threshold, market is “Trending” and trend components carry full weight; if ADX < threshold, “Ranging” mode applies a configurable weight multiplier (e.g., 0.5) to trend-based contributions, reducing false signals in sideways conditions. Volume spikes remain binary (optional behavior; can be adjusted if desired).
7. RSI Pivot-Divergence Penalty
o Uses ta.pivothigh / ta.pivotlow with a lookback to detect pivot highs/lows on price and corresponding RSI values. When price makes a higher high but RSI makes a lower high (bearish divergence), or price makes a lower low but RSI makes a higher low (bullish divergence), a divergence signal is set. Rather than flipping the trend outright, the indicator subtracts (or adds) a small penalty (configurable) from the aggregated score if it would weaken the current bias. This subtle adjustment warns of weakening momentum without overreacting to noise.
8. Confidence Meter
o Counts how many enabled components currently agree in direction with the aggregated score (i.e., component sign × score sign > 0). Displays this as a percentage. A high percentage indicates strong corroboration; a low percentage warns of mixed signals.
9. Δ Score Momentum View
o Plots the bar-to-bar change in the aggregated score (delta_score = score - score ) as a histogram. When positive, bars are drawn in green above zero; when negative, bars are drawn in red below zero. This reveals acceleration (rising Δ) or deceleration (falling Δ), supplementing the main oscillator.
10. Dashboard
• A table in the indicator pane’s top-right with 11 rows:
1. EMA Cross status
2. VWMA Momentum status
3. Volume Spike status
4. ATR Breakout status
5. Higher-Timeframe Trend status
6. Score (numeric)
7. Confidence %
8. Regime (“Trending” or “Ranging”)
9. Trend Strength label (e.g., “Weak Bullish Trend”, “Strong Bearish Trend”)
10. Gauge bar visually representing score magnitude
• All rows always present; size_opt (Normal, Small, Tiny) only changes text size via text_size, not which elements appear. This ensures full transparency.
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## 4. What Makes This Indicator Stand Out
• Regime-Weighted Multi-Factor Score: Trend and momentum signals are adaptively weighted by market regime (trending vs. ranging) , reducing false signals.
• Magnitude Scaling: VWMA and ATR breakout contributions are normalized by recent average momentum or ATR, giving finer gradation compared to simple ±1.
• Integrated Divergence Penalty: Divergence directly adjusts the aggregated score rather than appearing as a separate subplot; this influences alerts and trend labeling in real time.
• Confidence Meter: Shows the percentage of sub-signals in agreement, providing transparency and preventing blind trust in a single metric.
• Δ Score Histogram Momentum View: A histogram highlights acceleration or deceleration of the aggregated trend score, helping detect shifts early.
• Flexible Dashboard: Always-visible component statuses and summary metrics in one place; text size scaling keeps the full picture available in cramped layouts.
• Lookahead-Safe HTF Confirmation: Uses lookahead_off so no future data is accessed from higher timeframes, avoiding repaint bias.
• Repaint Transparency: Divergence detection uses pivot functions that inherently confirm only after lookback bars; description documents this lag so users understand how and when divergence labels appear.
• Open-Source & Educational: Full, well-commented Pine v6 code is provided; users can learn from its structure: manual ADX computation, conditional plotting with series = show ? value : na, efficient use of table.new in barstate.islast, and grouped inputs with tooltips.
• Compliance-Conscious: All plots have descriptive titles; inputs use clear names; no unnamed generic “Plot” entries; manual ADX uses RMA; all request.security calls use lookahead_off. Code comments mention repaint behavior and limitations.
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## 5. Recommended Timeframes & Tuning
• Any Timeframe: The indicator works on small (e.g., 1m) to large (daily, weekly) timeframes. However:
o On very low timeframes (<1m or tick charts), noise may produce frequent whipsaws. Consider increasing smoothing lengths, disabling certain components (e.g., volume spike if volume data noisy), or using a larger pivot lookback for divergence.
o On higher timeframes (daily, weekly), consider longer lookbacks for ATR breakout or divergence, and set Higher-Timeframe trend appropriately (e.g., 4H HTF when on 5 Min chart).
• Defaults & Experimentation: Default input values are chosen to be balanced for many liquid markets. Users should test with replay or historical analysis on their symbol/timeframe and adjust:
o ADX threshold (e.g., 20–30) based on instrument volatility.
o VWMA and ATR scaling lengths to match average volatility cycles.
o Pivot lookback for divergence: shorter for faster markets, longer for slower ones.
• Combining with Other Analysis: Use in conjunction with price action, support/resistance, candlestick patterns, order flow, or other tools as desired. The aggregated score and alerts can guide attention but should not be the sole decision-factor.
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## 6. How Scoring and Logic Works (Step-by-Step)
1. Compute Sub-Scores
o EMA Cross: Evaluate fast EMA > slow EMA ? +1 : fast EMA < slow EMA ? -1 : 0.
o VWMA Momentum: Calculate vwma = ta.vwma(close, length), then vwma_mom = vwma - vwma . Normalize: divide by recent average absolute momentum (e.g., ta.sma(abs(vwma_mom), lookback)), clip to .
o Volume Spike: Compute vol_SMA = ta.sma(volume, len). If volume > vol_SMA * multiplier AND price moved up ≥ threshold%, assign +1; if moved down ≥ threshold%, assign -1; else 0.
o ATR Breakout: Determine recent high/low over lookback. If close > high + ATR*mult, compute distance = close - (high + ATR*mult), normalize by ATR, cap at a configured maximum. Assign positive contribution. Similarly for bearish breakout below low.
o Higher-Timeframe Trend: Use request.security(..., lookahead=barmerge.lookahead_off) to fetch HTF EMAs; assign +1 or -1 based on alignment.
2. ADX Regime Weighting
o Compute manual ADX: directional movements (+DM, –DM), smoothed via RMA, DI+ and DI–, then DX and ADX via RMA. If ADX ≥ threshold, market is considered “Trending”; otherwise “Ranging.”
o If trending, trend-based contributions (EMA, VWMA, ATR, HTF) use full weight = 1.0. If ranging, use weight = ranging_weight (e.g., 0.5) to down-weight them. Volume spike stays binary ±1 (optional to change if desired).
3. Aggregate Raw Score
o Sum weighted contributions of all enabled components. Count the number of enabled components; if zero, default count = 1 to avoid division by zero.
4. Divergence Penalty
o Detect pivot highs/lows on price and corresponding RSI values, using a lookback. When price and RSI diverge (bearish or bullish divergence), check if current raw score is in the opposing direction:
If bearish divergence (price higher high, RSI lower high) and raw score currently positive, subtract a penalty (e.g., 0.5).
If bullish divergence (price lower low, RSI higher low) and raw score currently negative, add a penalty.
o This reduces score magnitude to reflect weakening momentum, without flipping the trend outright.
5. Normalize and Smooth
o Normalized score = (raw_score / number_of_enabled_components) * 100. This yields a roughly range.
o Optional EMA smoothing of this normalized score to reduce noise.
6. Interpretation
o Sign: >0 = net bullish bias; <0 = net bearish bias; near zero = neutral.
o Magnitude Zones: Compare |score| to thresholds (Weak, Medium, Strong) to label trend strength (e.g., “Weak Bullish Trend”, “Medium Bearish Trend”, “Strong Bullish Trend”).
o Δ Score Histogram: The histogram bars from zero show change from previous bar’s score; positive bars indicate acceleration, negative bars indicate deceleration.
o Confidence: Percentage of sub-indicators aligned with the score’s sign.
o Regime: Indicates whether trend-based signals are fully weighted or down-weighted.
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## 7. Oscillator Plot & Visualization: How to Read It
Main Score Line & Area
The oscillator plots the aggregated score as a line, with colored fill: green above zero for bullish area, red below zero for bearish area. Horizontal reference lines at ±Weak, ±Medium, and ±Strong thresholds mark zones: crossing above +Weak suggests beginning of bullish bias, above +Medium for moderate strength, above +Strong for strong trend; similarly for bearish below negative thresholds.
Δ Score Histogram
If enabled, a histogram shows score - score . When positive, bars appear in green above zero, indicating accelerating bullish momentum; when negative, bars appear in red below zero, indicating decelerating or reversing momentum. The height of each bar reflects the magnitude of change in the aggregated score from the prior bar.
Divergence Highlight Fill
If enabled, when a pivot-based divergence is confirmed:
• Bullish Divergence : fill the area below zero down to –Weak threshold in green, signaling potential reversal from bearish to bullish.
• Bearish Divergence : fill the area above zero up to +Weak threshold in red, signaling potential reversal from bullish to bearish.
These fills appear with a lag equal to pivot lookback (the number of bars needed to confirm the pivot). They do not repaint after confirmation, but users must understand this lag.
Trend Direction Label
When score crosses above or below the Weak threshold, a small label appears near the score line reading “Bullish” or “Bearish.” If the score returns within ±Weak, the label “Neutral” appears. This helps quickly identify shifts at the moment they occur.
Dashboard Panel
In the indicator pane’s top-right, a table shows:
1. EMA Cross status: “Bull”, “Bear”, “Flat”, or “Disabled”
2. VWMA Momentum status: similarly
3. Volume Spike status: “Bull”, “Bear”, “No”, or “Disabled”
4. ATR Breakout status: “Bull”, “Bear”, “No”, or “Disabled”
5. Higher-Timeframe Trend status: “Bull”, “Bear”, “Flat”, or “Disabled”
6. Score: numeric value (rounded)
7. Confidence: e.g., “80%” (colored: green for high, amber for medium, red for low)
8. Regime: “Trending” or “Ranging” (colored accordingly)
9. Trend Strength: textual label based on magnitude (e.g., “Medium Bullish Trend”)
10. Gauge: a bar of blocks representing |score|/100
All rows remain visible at all times; changing Dashboard Size only scales text size (Normal, Small, Tiny).
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## 8. Example Usage (Illustrative Scenario)
Example: BTCUSD 5 Min
1. Setup: Add “Trend Gauge ” to your BTCUSD 5 Min chart. Defaults: EMAs (8/21), VWMA 14 with lookback 3, volume spike settings, ATR breakout 14/5, HTF = 5m (or adjust to 4H if preferred), ADX threshold 25, ranging weight 0.5, divergence RSI length 14 pivot lookback 5, penalty 0.5, smoothing length 3, thresholds Weak=20, Medium=50, Strong=80. Dashboard Size = Small.
2. Trend Onset: At some point, price breaks above recent high by ATR multiple, volume spikes upward, faster EMA crosses above slower EMA, HTF EMA also bullish, and ADX (manual) ≥ threshold → aggregated score rises above +20 (Weak threshold) into +Medium zone. Dashboard shows “Bull” for EMA, VWMA, Vol Spike, ATR, HTF; Score ~+60–+70; Confidence ~100%; Regime “Trending”; Trend Strength “Medium Bullish Trend”; Gauge ~6–7 blocks. Δ Score histogram bars are green and rising, indicating accelerating bullish momentum. Trader notes the alignment.
3. Divergence Warning: Later, price makes a slightly higher high but RSI fails to confirm (lower RSI high). Pivot lookback completes; the indicator highlights a bearish divergence fill above zero and subtracts a small penalty from the score, causing score to stall or retrace slightly. Dashboard still bullish but score dips toward +Weak. This warns the trader to tighten stops or take partial profits.
4. Trend Weakens: Score eventually crosses below +Weak back into neutral; a “Neutral” label appears, and a “Neutral Trend” alert fires if enabled. Trader exits or avoids new long entries. If score subsequently crosses below –Weak, a “Bearish” label and alert occur.
5. Customization: If the trader finds VWMA noise too frequent on this instrument, they may disable VWMA or increase lookback. If ATR breakouts are too rare, adjust ATR length or multiplier. If ADX threshold seems off, tune threshold. All these adjustments are explained in Inputs section.
6. Visualization: The screenshot shows the main score oscillator with colored areas, reference lines at ±20/50/80, Δ Score histogram bars below/above zero, divergence fill highlighting potential reversal, and the dashboard table in the top-right.
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## 9. Inputs Explanation
A concise yet clear summary of inputs helps users understand and adjust:
1. General Settings
• Theme (Dark/Light): Choose background-appropriate colors for the indicator pane.
• Dashboard Size (Normal/Small/Tiny): Scales text size only; all dashboard elements remain visible.
2. Indicator Settings
• Enable EMA Cross: Toggle on/off basic EMA alignment check.
o Fast EMA Length and Slow EMA Length: Periods for EMAs.
• Enable VWMA Momentum: Toggle VWMA momentum check.
o VWMA Length: Period for VWMA.
o VWMA Momentum Lookback: Bars to compare VWMA to measure momentum.
• Enable Volume Spike: Toggle volume spike detection.
o Volume SMA Length: Period to compute average volume.
o Volume Spike Multiplier: How many times above average volume qualifies as spike.
o Min Price Move (%): Minimum percent change in price during spike to qualify as bullish or bearish.
• Enable ATR Breakout: Toggle ATR breakout detection.
o ATR Length: Period for ATR.
o Breakout Lookback: Bars to look back for recent highs/lows.
o ATR Multiplier: Multiplier for breakout threshold.
• Enable Higher Timeframe Trend: Toggle HTF EMA alignment.
o Higher Timeframe: E.g., “5” for 5-minute when on 1-minute chart, or “60” for 5 Min when on 15m, etc. Uses lookahead_off.
• Enable ADX Regime Filter: Toggles regime-based weighting.
o ADX Length: Period for manual ADX calculation.
o ADX Threshold: Value above which market considered trending.
o Ranging Weight Multiplier: Weight applied to trend components when ADX < threshold (e.g., 0.5).
• Scale VWMA Momentum: Toggle normalization of VWMA momentum magnitude.
o VWMA Mom Scale Lookback: Period for average absolute VWMA momentum.
• Scale ATR Breakout Strength: Toggle normalization of breakout distance by ATR.
o ATR Scale Cap: Maximum multiple of ATR used for breakout strength.
• Enable Price-RSI Divergence: Toggle divergence detection.
o RSI Length for Divergence: Period for RSI.
o Pivot Lookback for Divergence: Bars on each side to identify pivot high/low.
o Divergence Penalty: Amount to subtract/add to score when divergence detected (e.g., 0.5).
3. Score Settings
• Smooth Score: Toggle EMA smoothing of normalized score.
• Score Smoothing Length: Period for smoothing EMA.
• Weak Threshold: Absolute score value under which trend is considered weak or neutral.
• Medium Threshold: Score above Weak but below Medium is moderate.
• Strong Threshold: Score above this indicates strong trend.
4. Visualization Settings
• Show Δ Score Histogram: Toggle display of the bar-to-bar change in score as a histogram. Default true.
• Show Divergence Fill: Toggle background fill highlighting confirmed divergences. Default true.
Each input has a tooltip in the code.
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## 10. Limitations, Repaint Notes, and Disclaimers
10.1. Repaint & Lag Considerations
• Pivot-Based Divergence Lag: The divergence detection uses ta.pivothigh / ta.pivotlow with a specified lookback. By design, a pivot is only confirmed after the lookback number of bars. As a result:
o Divergence labels or fills appear with a delay equal to the pivot lookback.
o Once the pivot is confirmed and the divergence is detected, the fill/label does not repaint thereafter, but you must understand and accept this lag.
o Users should not treat divergence highlights as predictive signals without additional confirmation, because they appear after the pivot has fully formed.
• Higher-Timeframe EMA Alignment: Uses request.security(..., lookahead=barmerge.lookahead_off), so no future data from the higher timeframe is used. This avoids lookahead bias and ensures signals are based only on completed higher-timeframe bars.
• No Future Data: All calculations are designed to avoid using future information. For example, manual ADX uses RMA on past data; security calls use lookahead_off.
10.2. Market & Noise Considerations
• In very choppy or low-liquidity markets, some components (e.g., volume spikes or VWMA momentum) may be noisy. Users can disable or adjust those components’ parameters.
• On extremely low timeframes, noise may dominate; consider smoothing lengths or disabling certain features.
• On very high timeframes, pivots and breakouts occur less frequently; adjust lookbacks accordingly to avoid sparse signals.
10.3. Not a Standalone Trading System
• This is an indicator, not a complete trading strategy. It provides signals and context but does not manage entries, exits, position sizing, or risk management.
• Users must combine it with their own analysis, money management, and confirmations (e.g., price patterns, support/resistance, fundamental context).
• No guarantees: past behavior does not guarantee future performance.
10.4. Disclaimers
• Educational Purposes Only: The script is provided as-is for educational and informational purposes. It does not constitute financial, investment, or trading advice.
• Use at Your Own Risk: Trading involves risk of loss. Users should thoroughly test and use proper risk management.
• No Guarantees: The author is not responsible for trading outcomes based on this indicator.
• License: Published under Mozilla Public License 2.0; code is open for viewing and modification under MPL terms.
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## 11. Alerts
• The indicator defines three alert conditions:
1. Bullish Trend: when the aggregated score crosses above the Weak threshold.
2. Bearish Trend: when the score crosses below the negative Weak threshold.
3. Neutral Trend: when the score returns within ±Weak after being outside.
Good luck
– BullByte
Trend Trading IndicatorThis trend trading indicator uses multiple different custom formulas to identify market trends as well as identify when the market is moving sideways. It has a master trend that will show you the trend using the color of the candles and then there are multiple different types of entry and confluence signals that will appear as different chart shapes above or below the candles to inform you about when to enter a trade and how strong the trend is so you know whether to hold a position longer or get out. There is also a panel at the bottom of the chart that shows you the trend strength for 5 different timeframes so you can easily identify the short and long term trends and scan through charts quickly to find markets with the strongest trends.
The indicator can be customized to fit your trading style by adjusting the timeframes for the master trend, which timeframes affect signals, turning on or off the various entry & confluence signals, turning on or off ranging market filters and more. It can be adjusted to react quickly for intraday trading or use long timeframes for swing trading or only trading when the market is in a strong long term trend.
The indicator also has a built in trend direction value that can be sent to other indicators to be used as a trend filter as well by setting the source value on an external indicator to use the trend direction value from this indicator. This is useful for preventing signals from coming in on other indicators when they go against the trend that this indicator has identified according to the settings it is configured with.
How To Use This Indicator Properly
This indicator is designed to only give signals when the market is trending and filter out the sideways price action for you. Due to this, depending on the timeframe settings you use, there may be extended periods where there are no signals because the market is going sideways. You can adjust your timeframe settings to react faster or slower by lowering the timeframes used and turning off some of the higher timeframes or use all of the timeframes available and only get signals when the market is in a strong long term trend for the safest trades.
The indicator uses a master trend that needs to show a trend before any other confluence signals can come in. The master trend will show up by coloring the candles blue when the trend is bullish or orange when the trend is bearish according to the settings you have chosen. When the market is not trending, the candles will be colored grey. This helps to keep you out of trades when the market is going sideways. You will only be able to see the master trend by using the colored candles though, so make sure to turn the chart’s candle coloring off so it doesn’t override the indicator candle coloring.
Once a trend has been established, then other signals will begin to show up if the trend is strong and various parameters are met. The indicator includes the following types of signals:
Master Trend Signals
Strong Trend Buy & Sell Signals
Pullback During Strong Trend Signals
Strong All Timeframe Trend Signals
Trend Strength Score Signals
The indicator also has multiple filters you can use to customize the master trend to allow more or less signals to come in. The more filters you have on, the better and more likely the signals are to be winners because it will only give signals when there are very strong trends on all timeframes. If you want a lot of signals for intraday scalping, you can turn off most of the filters and just use lower timeframes for the master trend settings. The following filters can be used to customize the trend parameters:
Signals Only Allowed In Direction Of Timeframes 4 & 5
Trend Of Timeframe #1 Used For Master Trend Signals
Trend Of Timeframe #2 Used For Master Trend Signals
Trend Of Timeframe #3 Used For Master Trend Signals
Trend Of Timeframe #4 Used For Master Trend Signals
Trend Of Timeframe #5 Used For Master Trend Signals
No Master Trend Signals If This Timeframe Is Ranging - #1
No Master Trend Signals If This Timeframe Is Ranging - #2
No Master Trend Signals If This Timeframe Is Ranging - #3
Make sure to keep all trend timeframes in order from 1-5 for best results, even if they are turned off. The indicator is programmed to compare each timeframe to the next one, so keeping the timeframes in order will give you proper calculations. For example: timeframes 1-5 should be 15, 60, 240, 1D, 1W or 240, 1D, 1W, 1M, 3M and so on.
The indicator has alerts for bullish and bearish versions of each type of signal so you can get notified when a chart is trending strongly.
Market Hours Available To Use The Indicator On
The indicator works on stocks, crypto, forex and futures markets and other markets that have the same hours, you just need to select the hours that the market you are trading has in the main indicator settings to get the correct signals. There are options for stock hours(6.5 hours a day, 5 days per week), futures/forex hours(23 hours a day, 5 days per week) and crypto hours(24 hours a day, 7 days per week). Just select the correct option in the dropdown menu and the indicator will calculate based on those hours.
Master Trend Settings
The master trend is calculated using Timeframes 1-5, the setting for whether to use timeframes 1-5 for signals, ranging market filters 1-3 and only allow signals in the direction of timeframes 4 & 5. These settings will affect how the overall trend is calculated, which has to be trending in order for any confluence signals to come in.
Set timeframe 1 to a higher timeframe than your chart is set to. For example if you trade the 1 minute or 5 minute chart, timeframe #1 needs to be set to something higher than your chart so 15, 60 or 240. Then set timeframes 2-5 to be one timeframe higher than the previous one. So if timeframe 1 is 60, then timeframe 2 should be 240 and so on. Make sure to do this even if you do not turn on each timeframe to be used for master trend signals as the higher timeframes will still affect the confluence signals.
Turn on or off the toggle for each timeframe if you want the master trend to use. Keeping just lower timeframes on will give more signals for short term trends and leaving all of the timeframes on will only give signals when all of the timeframes are trending. I recommend keeping timeframes 1 & 2 on at the very least and then turning on or off timeframes 3-5 based on how many signals you want and how strong you want the trend to be in order for signals to be given.
Ranging Market Filters
The indicator has parameters to detect if the market is ranging or moving sideways on each timeframe and will show this by coloring the trend strength score in the bottom panel grey for that timeframe. When the market is ranging, it is best to not trade because there is no established trend. Use these filters to increase the probability of the master trend and confluence trend signals being correct and moving in the direction of the trend.
If you turn on the ranging market filters, you will not get any signals if the market is detected as ranging on any of the timeframes you have turned on for the ranging market filters.
You can use 1, 2 or all 3 ranging market filters to dial in the indicator to your preference. Make sure to backtest it and look at historical data to see how this will affect the indicator and choose what settings work best for your style of trading.
Signals Only Allowed In Direction Of Timeframes 4 & 5
If you only want to make sure you are trading in the direction of the long term trend, turn this setting on. It will prevent the indicator from giving any signals that are not in the same direction as the long term trends and increase your probability for winning trades.
This setting allows you to quickly filter out any noise that you will get from lower timeframe trends that are not in the same direction as the long term trends and helps to ensure you stick to the overall trend. Markets will usually make much faster and larger moves in the direction of the overall trend and have high resistance, choppy moves when going in the opposite direction, so this will help you avoid getting into those trades even if you don’t have timeframes 4 & 5 turned on in the master trend timeframe settings.
Strong Buy & Sell Signals
When the master trend detects a trending market and the trend is strong on all 5 timeframes, the indicator will show crosses on the chart meaning these are great entry points to get into the market with positions in the direction of the trend. There are 3 levels of these signals and will show as small crosses, medium crosses and large crosses. The larger the cross is, the stronger the trend is and is more likely to continue the trend.
Use these strong buy & sell signal crosses as entry points and place your stop loss at the most recent major pivot. Then trail your stop loss with the trade to lock in profits.
Pullbacks During Strong Trend Signals
When there is a strong trend on timeframes 3-5 and a pullback on timeframes 1 & 2, then move back in the direction of the higher timeframe trend, this will fire a signal to enter a trade in the direction of the trend. These are excellent entries since the market has pulled back, allowing you to have a good entry with low potential drawdown.
These signals will appear as label tag or price tag looking signals. Use these for your entries and then place a stop loss just beyond the most recent major pivot and trail your stop loss as the trade moves in your favor to lock in profits.
Strong All Timeframe Trend Signals
When the trend is strong on all timeframes that you have set to use for master trend signals, the indicator will show circles/dots on the chart above or below the candles. There is also a second type of strong trend calculation that it uses that will detect a strong trend in a slightly different way and that formula will paint a background color on the chart as extra confluence. When the background color and dots show up at the same time, that means both formulas are showing strong trends.
Use these dots and background coloring to confirm your position and continue to hold it for more gains. Strong trends typically continue in the same direction so use these signals as extra confluence to hold your position and stay in the trade.
Trend Strength Score Signals
Each timeframe will have a trend strength score calculated. If you turn the visuals on in the master trend timeframe settings, they will show up as an oscillator in the bottom panel. It will show red for bearish trends and green for bullish trends and grey when the market is ranging. It will also show a label next to each timeframe telling you the score out of the maximum score for that timeframe.
Pay attention to these as they will give you a very quick way to read the long term and short term trends. When all timeframes are trending strongly, the background will paint red or green to notify you of strong trends that you can trade.
When the long term trends agree, but short term trends are going against the long term, look for the short term trends to reverse and use those areas as entry positions for longer trades in the direction of the overall trend. Doing this really helps to identify possible reversals and keep you from getting into those types of trades too early.
Timeframes The Indicator Can Be Used On
The indicator is setup to be used on the following chart timeframes: 15 seconds, 30 seconds, 1 minute, 2 minute, 3 minute, 5 minute, 10 minute, 15 minute, 30 minute, 1 hour, 2 hour, 4 hour, 6 hour, 8 hour, 12 hour and 1 day charts.
If your chart is set to a different timeframe than the ones listed above, it will not calculate properly, so make sure your chart is on the correct timeframe.
Markets The Indicator Can Be Used On
The indicator has 3 modes for various market hours. The type of market doesn’t matter, what matters is how many hours that market is open for. Almost all markets fall under 3 types of opening hours so we have provided the ability for the indicator to calculate correctly on all 3 types of market hours. The hours it can use are: stocks(6.5 hours per day, 5 days per week), crypto(24 hours per day, 7 days per week) and futures/forex(23 hours per day, 5 days per week).
You will need to update this setting from the dropdown at the top of the indicator settings to match the chart that you are on for it to calculate correctly.
Filtering Other Indicators Using The Trend Direction Of This Indicator
The indicator has a built in trend direction value that can be sent to other indicators and used as a filter. By setting an input.source() value on other indicators that are on the same chart as this indicator, you can set that indicator to do or not do whatever you want when this trend indicator shows a trend or not.
The name of the source you can use on your external indicator is called Trend Direction To Send To External Indicators. The values it sends are as follows: 0 when there is no master trend direction, 1 when the master trend is bullish and -1 when the master trend is bearish.
By using this source, you can prevent other indicators from giving sell signals during up trends, prevent other indicators from giving buy signals during down trends and prevent other indicators from giving any signals when the market is ranging or not showing an established trend.
Alerts Available To Use
The indicator has alerts for bullish versions as well as bearish versions of each type of signal available. Use these alerts to notify you of strong trends on markets that you may not have the charts up for at all times but still want to trade.
Donchian Trend Ranges [AlgoAlpha]🚀🔗 Donchian Trend Ranges 🔗🚀
Elevate your trading game with the Donchian Trend Ranges indicator from AlgoAlpha! 🌟📈 This advanced tool helps you visualize market trends and potential reversal points using Donchian channels, volatility measures, and average true range (ATR).
Key Features
⚙️ Customizable Parameters: Adjust the lookback period and range multiplier to fit your trading style.
🎨 Color-Coded Trends: Easily distinguish between uptrends and downtrends with customizable colors.
📊 Dynamic Channels: Visualize multiple dynamic channels based on Donchian ranges and volatility.
☁️ Trend Clouds: See market strength and weakness with upper and lower trend clouds.
🔔 Signal Alerts: Get notified of potential trend shifts and take profit points.
How to Use
🛠 Add the Indicator: Add the indicator to favorites. Customize settings such as the lookback period and range multiplier to match your trading needs.
🔍 Analyze Trends: The indicator calculates the highest and lowest prices over a specified period to create dynamic channels. It then uses standard deviation and ATR to adjust these channels for market volatility, plotting upper and lower ranges. Green bars indicate an up trend and red bars for a down trend.
🔔 Set Alerts: Enable notifications for bullish and bearish trend shifts, as well as weak and strong take profit points, ensuring you never miss an opportunity.
How it Works
The Donchian Trend Ranges indicator calculates the highest and lowest prices over a specified period to create a basis line. It creates a range around the basis based on standard deviations and the clouds' width is determined by a 14 period ATR. The basis line and bar colors changes based on whether the closing price is above or below it, indicating trends. Clouds around these lines represent market reversal zones that can be used as entry levels when used in confluence with momentum indicators, visual signals ("X" and "◆") marking strong and weak take profit points are also printed when the prices revert from the clouds towards the basis. Integrated alerts notify you of significant events like trend shifts and take profit signals, keeping you informed without constant monitoring.
Unleash the power of the Donchian Trend Ranges in your trading strategy! 🌐📈✨
Trendy ADX DI+ DI- Trend Strength - BonavestTo add this indicator to your charts:
Click the 'Add to Favorite Scripts' button down below this description.
Trendy ADX is a lower indicator that is used to determine strength of trends. The DI+ and DI- lines cross one another depending on the trend direction based on the Length input with the current trend, DI line, being on top or higher.
The ADX line shows the strength of the current trend, with a value over 20 being a trend with growing strength. Trends with ADX less than 20 are said to not be strong enough to be traded as well as if the ADX is less than both the DI+ and DI- even though it is higher than 20.
An added number value that is not a part of the typical ADX/DI indicator is the 'Score'. This is a value that ranges from -3 to +3 including 0. This score allows you to set alerts based on Score and be alerted when a certain level is reached. The Score values are fully configureable in the Input Settings screen.
The Length setting is the only important adjustment for the indicator itself. The 3 suggested values to use are 7, 11 and 20 (default 11).
The Threshold setting is purely for visual adjustment of the yellow dashed line (default 20).
I use this indicator for:
Keeps me in a trade longer to capture long trends
Determining if the current trend has more room to continue
Filter out reversal buy/sell signals if trend is just beginning
My observations in using this indicator is to ignore reversal signals if the ADX line has not crossed above the DI+ or DI- line of the current trend (red/green background). I also expect a small pullback or sideways price action when the ADX line does cross the current trending DI line.
There are 2 Built-In Notifications already created for you and are available by simply right clicking in the indicator area and selecting:
Condition: Trendy ADX
Then 1 of the 2 Alerts:
Trend Direction Change - Score crosses 0 changing to 1 (green/UP) or -1 (red/DOWN)
Trend Strength Change - Score changes in any direction by a value of 1
How to Trade the Average Directinal Index Video: youtu.be
This adaptation was based off of the original code from @MasaNakamura.
Saral TrendSaral Trend
### Overview
The Saral Trend Indicator is a price-action-based tool designed to measure trend strength dynamically. Unlike traditional trend following indicators that rely solely on moving averages or fixed formulas, Saral Trend integrates Directional Movement, price positioning within the bar range, and volatility-adjusted trend weighting to create a clearer visualization of market momentum. By refining the classic trend following approach, this indicator provides more responsive and adaptive trend analysis across various timeframes.
### Key Features
Trend Histogram: Four types of bars indicate trend strength and momentum.
- Bullish Up: Higher than the previous bar; signals a strong uptrend; Color: Dark Blue.
- Bullish Down: Lower than the previous bar; suggests weakening momentum in an uptrend; Color: Light Blue.
- Bearish Up: Higher than the previous bar; signals a strong downtrend; Color: Dark Red.
- Bullish Down: Lower than the previous bar; suggests weakening momentum in a downtrend; Color: Light Red.
Trend Strength Line: A smoothed reference line that provides additional confirmation of momentum strength.
- When histogram bars are above this line, the trend is strong.
- When they fall below, momentum weakens.
Trend Pause Dots: Appear when the trend shows signs of temporary exhaustion, suggesting a possible short-term pause or reversal.
- A bullish pause dot on a bearish bar indicates a temporary halt in an uptrend before continuation or a reversal.
- A bearish pause dot on a bullish bar indicates a temporary halt in a downtrend before continuation or a reversal.
Oscillator Functionality: No fixed upper limit, but extreme bar values (e.g., above 100) suggest overbought or oversold conditions.
### Calculation Methodology
Analyzing Price Movement:
- The indicator calculates the difference between the highest and lowest prices over a period to determine price movement.
- It smooths these values using an Exponential Moving Average (EMA) to filter out short-term noise.
Identifying Trend:
- It compares the current high and low prices with their moving averages to determine whether the market is trending up or down.
- If the high price moves further from its average compared to the low price, it indicates bullish strength. Conversely, if the low price moves further from its average compared to high price, it signals bearish strength.
Evaluating Closing Price Position:
- The indicator analyzes where the closing price is within the high-low range.
- If the closing price is near the high, bullish strength is emphasized. If it is near the low, bearish strength is given more weight.
Measuring Trend Strength:
- The indicator applies volatility based smoothing techniques to measure positive and negative trend strength separately.
- A higher positive trend value suggests strong buying pressure, while a higher negative trend value indicates strong selling pressure.
- A dynamic smoothing approach ensures trend signals remain stable while reacting quickly to market shifts.
Visualizing Trend Strength with a Histogram:
- The indicator plots a positive and negative strength in form of histogram to represent the strength and direction of the trend.
- The color of the histogram bars changes based on whether the trend is strengthening or weakening.
- Blue shades indicate bullish trends, while red shades represent bearish trends.
Trend Reversal Detection: A trend pause or potential reversal is identified when the histogram weakens sharply, with dots appearing on bars as early warnings.
### How to Use It
Trend Direction: The colors of the histogram bars provide a visual clue about the ongoing trend - whether it's bullish or bearish - allowing traders to assess market sentiment at a glance.
Trend Confirmation: When histogram bars are consistently above the Trend Strength Line, it indicates strong momentum, confirming trade direction.
Momentum Shifts: A color shift (e.g., from Dark Blue to Light Blue) suggests weakening strength, which could indicate a pullback or reversal.
Reversal Signals: Trend Pause Dots highlight areas where momentum stalls, helping traders prepare for possible reversals or consolidations.
Timeframe Flexibility:
- Long-term traders can use weekly/monthly charts for macro trends.
- Swing traders can use daily/hourly charts to capture medium-term opportunities.
- Day traders can use 15-minute or lower timeframes for precise intraday entries.
### What Makes Saral Trend Unique?
Unlike conventional trend indicators that rely solely on moving averages, Saral Trend improves upon existing methods by:
Integrating price positioning within the range to make trend strength more responsive.
Applying volatility-adjusted trend weighting, ensuring trends are measured dynamically rather than through fixed lookback periods.
Providing multiple visual cues (histogram, strength line, and pause dots) to help traders make informed decisions.
This indicator is optimized for simplicity and efficiency , making it suitable for traders across different styles, from long-term investors to intraday scalpers.
By combining trend structure, momentum shifts, and volatility adaptation , Saral Trend delivers a comprehensive and actionable trend analysis tool for TradingView users.
Power Trend [MacAlgo]Description:
The Power Trend Indicator is a sophisticated technical analysis tool that overlays on your trading charts to identify prevailing market trends. It utilizes a combination of ATR-based trend calculations, moving averages, volume analysis, and momentum indicators to generate reliable buy and sell signals. Additionally, it offers customizable settings to adapt to various trading styles and timeframes.
Key Features:
Adaptive ATR Calculation: Automatically adjusts the ATR (Average True Range) period and multiplier based on the selected timeframe for more accurate trend detection.
Dynamic Trend Lines: Plots continuous trend lines with color-coded bars to visually represent bullish and bearish trends.
Buy/Sell Signals: Generates standard and power buy/sell signals to help you make informed trading decisions.
Volume Analysis: Incorporates average buy and sell volumes to identify strong market movements.
Multiple Timeframe Support: Automatically adjusts the indicator's timeframe or allows for manual selection to suit your trading preferences.
Highlighting: Highlights trending bars for easy visualization of market conditions.
Alerts: Customizable alert conditions to notify you of potential trading opportunities in real-time.
How it Works:
1. ATR-Based Trend Calculation:
ATR Period & Multiplier: Calculates ATR based on user-defined periods and multipliers, dynamically adjusting according to the chart's timeframe.
Trend Determination: Identifies trends as bullish (1) or bearish (-1) based on price movements relative to ATR-based upper (up) and lower (dn) trend lines.
2. Moving Averages:
EMA & SMA: Calculates exponential and simple moving averages to smooth price data and identify underlying trends.
AlphaTrend Line: Combines a 50-period EMA and a 30-period SMA on a 4-hour timeframe to create the AlphaTrend line, providing a robust trend reference.
3. Volume Analysis:
Buy/Sell Volume: Differentiates between buy and sell volumes to gauge market strength.
Average Volume: Compares current volume against average buy/sell volumes to detect significant market movements.
4. Momentum Indicators:
RSI, MACD, OBV: Incorporates Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and On-Balance Volume (OBV) to assess momentum and confirm trend strength.
5. Signal Generation:
Standard Signals: Basic buy and sell signals based on trend crossovers.
Power Signals: Enhanced signals requiring multiple conditions (e.g., increased volume, momentum confirmation) for higher confidence trades.
Customization Options:
Tailor the Power Trend Indicator to your specific trading needs with the following settings:
ATR Period: Set the period for ATR calculation (default: 8).
ATR Multiplier: Adjust the ATR multiplier to fine-tune trend sensitivity (default: 3.0).
Source: Choose the price source (e.g., HL2, Close) for calculations.
Change ATR Calculation Method: Toggle between different ATR calculation methods.
Show Buy/Sell Signals: Enable or disable the display of buy and sell signals on the chart.
Highlighting: Turn on or off the bar highlighting feature.
Timeframe Adjustment: Choose between automatic timeframe adjustment or manually set
the indicator's timeframe.
Manual Indicator Timeframe: If manual adjustment is selected, specify the desired timeframe (default: 60 minutes).
Visual Components:
Trend Lines: Continuous lines representing the current trend, color-coded for easy identification (green for bullish, red for bearish, orange for neutral).
Bar Coloring: Bars are colored based on the current trend and its relationship to the AlphaTrend line.
Buy/Sell Triangles: Triangular markers appear on the chart to indicate buy and sell signals.
Power Signals: Larger triangles highlight strong buy and sell opportunities based on multiple confirming factors.
Highlighting: Transparent overlays highlight trending areas to enhance visual clarity.
Alerts:
Stay informed with customizable alerts that notify you of important market movements:
SuperTrend Buy/Sell: Alerts when standard buy or sell signals are generated.
Power Buy/Sell Alerts: Notifications for strong buy or sell signals based on comprehensive conditions.
Trend Direction Change: Alerts when the trend changes from bullish to bearish or vice versa.
How to Use:
Add to Chart: Apply the Power Trend Indicator to your preferred trading chart on TradingView.
Configure Settings: Adjust the input parameters to match your trading style and the timeframe you are analyzing.
Analyze Trends: Observe the trend lines, bar colors, and AlphaTrend line to understand the current market trend.
Follow Signals: Look for buy and sell signals or power signals to identify potential entry and exit points.
Set Alerts: Enable alerts to receive real-time notifications of significant trading opportunities.
Adjust as Needed: Fine-tune the settings based on market conditions and your trading experience.
Important Notes:
Backtesting: While the Power Trend Indicator is built using robust technical analysis principles, it's essential to backtest and validate its performance within your trading strategy.
Market Conditions: The indicator performs best in trending markets. In sideways or highly volatile markets, signal reliability may vary.
Risk Management: Always employ proper risk management techniques when trading based on indicator signals to protect your capital.
Disclaimer:
This indicator is intended for educational purposes only and does not provide financial advice or guarantee future performance. Trading involves risk, and past results are not indicative of future outcomes. Always conduct your own analysis and risk management.
Cross-Asset Correlation Trend IndicatorCross-Asset Correlation Trend Indicator
This indicator uses correlations between the charted asset and ten others to calculate an overall trend prediction. Each ticker is configurable, and by analyzing the trend of each asset, the indicator predicts an average trend for the main asset on the chart. The strength of each asset's trend is weighted by its correlation to the charted asset, resulting in a single average trend signal. This can be a rather robust and effective signal, though it is often slow.
Functionality Overview :
The Cross-Asset Correlation Trend Indicator calculates the average trend of a charted asset based on the correlation and trend of up to ten other assets. Each asset is assigned a trend signal using a simple EMA crossover method (two customizable EMAs). If the shorter EMA crosses above the longer one, the asset trend is marked as positive; if it crosses below, the trend is negative. Each trend is then weighted by the correlation coefficient between that asset’s closing price and the charted asset’s closing price. The final output is an average weighted trend signal, which combines each trend with its respective correlation weight.
Input Parameters :
EMA 1 Length : Sets the period of the shorter EMA used to determine trends.
EMA 2 Length : Sets the period of the longer EMA used to determine trends.
Correlation Length : Defines the lookback period used for calculating the correlation between the charted asset and each of the other selected assets.
Asset Tickers : Each of the ten tickers is configurable, allowing you to set specific assets to analyze correlations with the charted asset.
Show Trend Table : Toggle to show or hide a table with each asset’s weighted trend. The table displays green, red, or white text for each weighted trend, indicating positive, negative, or neutral trends, respectively.
Table Position : Choose the position of the trend table on the chart.
Recommended Use :
As always, it’s essential to backtest the indicator thoroughly on your chosen asset and timeframe to ensure it aligns with your strategy. Feel free to modify the input parameters as needed—while the defaults work well for me, they may need adjustment to better suit your assets, timeframes, and trading style.
As always, I wish you the best of luck and immense fortune as you develop your systems. May this indicator help you make well-informed, profitable decisions!
Trendlines (long)Hi all!
I hope that this indicator helps you to be a more efficient trader. The concept is well known and useful. So this is not some magic algorithm founded by me, but rather a well known concept. The concept is the drawing of trendlines.
It draws trendlines that has a retest. It draws the trendlines in different colors, the colors used are blue, red, fuchsia and lime.
These are the steps for finding a trendline:
1. Find a generic retest
Find a low that has 2 earlier lows and 1 later low that are higher. This is the reason that a trendline will be created "1 bar late". This is the base and the indicator goes on from here, meaning that this needs to be true to continue.
2. Find an uptrend
Look back 8 bars to find a low that is lower than the retest low.
3. Create the first point of a trendline
Go thru every bar between the user defined "Lookback" and the retest bar (minus the user defined "Skip gap" that's needed between points to create a trendline). From the earliest bar to the latest.
4. Create the second point of the trendline
Go thru every bar between the retest bar and the the first point (bar) minus the "Skip gap". From latest bar to the earliest. A trendline between the two bars are invalidated if some of the criteria are met in-between the bars creating the trendline:
- closed above the trendline (trendline broken)
- is not within the retest bar
- the slope of the trendline is upwards (this indicator is for long entries only)
- at least 1 of the bars creating the retest (1 main bar and 2 earlier bars) has NOT been above the trendline
- is not the created trendline (between the two points) that's closest to the low of the retest bar
TODO:
- add functionality to draw trendlines directly on breakouts
- add volume (high volume needed to create a trendline from a breakout/retest)
- ...?
I hope this explanation makes sense, let me know otherwise. Also let me know if you have any suggestions on improvements.
Best of luck trading!
Trend Change IndicatorThe Trend Change Indicator is an all-in-one, user-friendly trend-following tool designed to identify bullish and bearish trends in asset prices. It features adjustable input values and a built-in alert system that promptly notifies investors of potential shifts in both short-term and long-term price trends. This alert system is crucial for helping less active investors correctly position themselves ahead of major trend shifts and assists in risk management after a trend is established. It's important to note that this indicator is most effective with assets that historically exhibit strong trends.
At the heart of this tool is the interaction between the 30-day and 60-day Exponential Moving Averages (EMA). A bullish trend is indicated in green when the 30-day EMA is above the 60-day EMA, while a bearish trend is signaled in red when the 30-day EMA is below the 60-day EMA. The appearance of gray alerts users to potential shifts in the current trend as the EMAs converge, falling below the Average True Range (ATR) safety margin. This analysis is conducted across both hourly and daily timeframes, with the 4-hour timeframe providing early signals for daily trend changes. The band visually represents the interaction between the daily EMAs and is also displayed in the second row of the table, with the first row showing the same EMA interaction on the 4-hour timeframe.
This indicator also includes a 140-day (20-week) Simple Moving Average (SMA), visually represented by a line with predictive dots. This feature significantly enhances the investor's ability to understand long-term trends in asset prices, offering forward-looking insights by projecting the SMA value 10 days into the future. The value of this forecast lies in interpreting the slope of the dots; upward trending dots suggest a bullish underlying trend, while downward trending dots indicate a bearish trend. Generally, prices above the SMA signal bullishness, and prices below indicate bearishness.
In summary, the Trend Change Indicator is a comprehensive solution for identifying price trends and managing risk. Its intuitive, color-coded design makes it an indispensable tool for traders and investors who aim to be well-positioned ahead of trend shifts and manage risk once a trend has been established. While it has proven historically valuable in trending markets such as cryptocurrencies, tech stocks, and commodities, it is advisable to use this indicator in conjunction with other technical analysis tools for a more comprehensive and well-rounded decision-making process.
Trendlines [TradesAI]What is it?
This indicator allows the user to pick any Candle (preferably a Pivot, for better results) to draw the most relevant Trendlines from it as Origin, while keeping track of candle closes across these Trendlines to adjust or invalidate accordingly.
It allows for up to 2 Origins to be picked on chart. Remember to pick a Bullish candle to draw Downtrends, and a Bearish candle to draw Uptrends. The algorithm will draw the most suitable Active Trendlines from those Origin points.
How does it do it?
The indicator takes the Origin point as the first point of the Trendline, then starts looking for the immediate next same-type candle (Bullish to Bullish or Bearish to Bearish), to draw the Trendline between the Origin candle and this newer candle.
An Uptrend is a ray connecting two Bearish candles, as long as the second candle has a Low higher than the Low of the Origin (first) candle. A Downtrend is a ray connecting two Bullish candles, as long as the second candle has a High lower than the High of the Origin (first) candle.
Upon drawing, the indicator then starts monitoring and adjusting this Trendline, by keeping the Origin always the same, but changing the second point. The goal is to keep reducing the slope of the Trendline till it is at 0 degrees (horizontal line). That then makes the Trendline "Final".
So, the algorithm has 3 States for the Trendlines:
Initial: not tested, meaning price hasn't yet broken through it and closed a candle beyond it, to cause a re-adjustment of this Trendline.
Broken: candle Hard Closed (its Open and Close) across it but still the direction of the Trend is maintained with a new Trendline from the same Origin – could be replaced (or kept on chart as "Backside", which is what we call a Broken Trendline to be tested from the opposite side) with a new Trendline from the same Origin, to the newest candle that caused the break to happen, as then it becomes the new second point of that trendline.
Final: candle Hard Closed across it and can't draw a new Trendline from the same Origin maintaining the direction of the Trend (so an uptrend becomes a downtrend or a downtrend becomes an uptrend at this point, which is not allowed). This marks the end of Trendline adjustment for that Origin.
To summarize the algorithm, imagine starting from a candle and drawing the trendline, then keep re-adjusting it to make its slope less and less, till it becomes a horizontal line. That's the final state.
Unlike traditional trendline tools, this indicator takes into account numerous rules for each candlestick to determine valid support and resistance levels, which act as Liquidity Zones.
What does it do differently?
Unlike conventional trendline tools, this indicator allows the user to pick the Pivot point as Origin, then automatically recognizes and extends lines from them as Liquidity Zones where a reaction is expected. Moreover, the indicator monitors those trendlines in real-time to switch them from Buying to Selling zones, and vice-versa, as price structure changes.
Features
Log vs. Linear scale switch to show different trendlines accordingly. When updating the Trendlines, or deciding whether Touches/Hard Closes are met, it makes a difference.
Ability to show all forms of Trendlines, Final Trendlines or just Backside Trendlines.
Why is it used?
For experienced traders, it offers the advantage of time-efficiency, while new traders can bypass the steep learning curve of drawing trendlines manually, which could practically be drawn between any two candlesticks on the chart (unlimited variations).
{20}Dashboard Trendlines & Wedge_Pro[vn]This is a script about 20 trading pairs with trendline.
-on each chart of a trading pair, there is only one trendline pair: 1 uptrendline and 1 downtrendline
-so when the statistics on the table also show the column of the uptrend and the column of the downtrend
-When the price approaches any trendline but the ratio is 1%, that trendline will be colored blue (downtrend), red (uptrend)
The column ✎ T.line-trendline above(✐ T.line-trendline below) is the value of the current trendline compared to the closing price of the candle
The ══════\n\𝖗𝖊𝖘𝖎𝖘𝖙𝖆𝖓(𝖘𝖚𝖕𝖕𝖔𝖗𝖙\n\══════) column when the price breaks will show ➊ (the is the first candle) and the percentage value when breaking through the point of the trendline.
Especially when a candle has closed above the trendline (assuming an uptrend), then from the 2nd tree to the current , it will count according to memory so that traders know when the price broke, and how many candles already.
The parameter when breaking is displayed < 10, it means that the price has broken through 10 candles, and the first 10 candles are colored yellow, then the color returns to normal.
In addition, when displaying 3 parameters as above, the next column (above/below T.line) will display the percentage from when the price breaks that point to the current price of the candle.
Wedge column is when the price is stuck between the upper and lower trendlines, if the sharp angle ratio is <=10%, the new column will show the value (and the text color is white) until it breaks to the bottom. 1 direction is left is hidden
Price column is the current price of the candle and the parameter 20:2 is the length of the trendline and to combine the same parameter with the indicator "Trendlines_pro "
You can change the time in Resolution indicator settings to show multiple time display the same cell as the price cell
The up arrow icons 🡹 represent the price broke upwards , the down arrows 🡻 represent the price broke below
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Vietnamese
Đây là script về bảng thống kê 20 cặp giao dịch với đường trendline .
-trên mỗi biểu đồ của cặp giao dịch chỉ tồn tại duy nhất 1 cặp trendline là: 1trendline tăng và 1 trendline giảm
-vì vậy khi thống kê trên bảng cũng hiển thị cột của trend tăng và cột của trend giảm
-khi giá tiến gần đến 1 đường trendline bất kì mà tỉ lệ còn 1% thì đường trendline đó tô màu xanh(trend giảm) ,màu đỏ(trend tăng)
-cột ✎ T.line-đường trendline bên trên(✐ T.line-đường trendline bên dưới) là giá trị của đường trendline hiện tại so với giá đóng cửa của nến
-cột ══════\n\𝖗𝖊𝖘𝖎𝖘𝖙𝖆𝖓(𝖘𝖚𝖕𝖕𝖔𝖗𝖙\n\══════) khi giá phá vỡ sẽ thể thiện ➊(tức là cây nến đầu tiên) và giá trị phần trăm khi phá qua điểm của trendline.
-đặc biệt khi 1 cây nến đã đóng cửa trên đường trendline(giả sử trend tăng) thì từ cây thứ 2 đến hiện tại nó sẽ đếm theo bộ nhớ để các trader biết được giá đã phá khi nào,và qua bao nhiêu nến rồi.
-thông số khi phá vỡ hiển thị < 10 thì hiểu là giá đã phá vỡ qua 10 nến, và 10 nến đầu tiên được tô màu vàng ,sau đó màu trở lại trạng thái bình thường
-ngoài ra khi hiện thông số như trên thì cột bên cạnh (above/below T.line) sẽ hiển thị được số phần trăm tính từ khi giá phá vỡ điểm đó đến giá hiện tại của cây nến.
-cột Wedge(cái nêm) là khi giá đang bị kẹt giữa 2 đường trendline trên và dưới ,nếu tỷ lệ góc nhọn <=10% thì cột đó mới hiện giá trị (và màu chữ là trắng) cho đến khi phá vỡ về 1 hướng nào đó còn lại là bị ẩn
-cột giá là giá hiện tại của nến và thông số 20:2 là độ dài đường trendline và để kết hợp cùng thông số với chỉ báo "Trendlines_pro "
-các bạn có thể thay đổi thời gian trong cài đặt chỉ báo Resolution để hiển thị nhiều cung thời gian hiển thị cùng ô với ô giá
-các biểu tượng mũi tên lên 🡹 thể hiện giá phá vỡ lên trên ,mũi tên xuống 🡻 thể hiện giá đã phá vỡ xuống dưới
Cảm ơn mọi người đã quan tâm và tin dùng
Trend Oscillatorwhat is "Trend Oscillator"?
it is an indicator for determining the trend.
what it does?
analyzes the price action by reducing it to 4 different situations. Red means strong bear, orange means bearish, yellow means weak bull and green means strong bull. It was developed to help traders who trade in the direction of the trend and its biggest promise is to simplify price action.
how it does it?
He defines 4 different situations as follows. If the velocity of the price is positive and the acceleration is positive, it is a strong bull, if the velocity is positive and the acceleration is negative, it is a weak bull, if the velocity is negative and the acceleration is positive, it is a weak bear, if both velocity and acceleration are negative, it is a strong bear.
2 for strong bull
1 for the weak bull
-1 for weak bear
Creates a function that takes values of -2 for the strong bear. this function is the velocity of the principal indicator, and then the integral of this function forms the principal indicator.
how to use it?
"source" is used to change the source of the indicator,
"length" makes the indicator give a later but less signal.
you can use it to follow or analyze the trend. colors make it easy to use. learns about current or past trends by looking at colors. Like any trend indicator, it can give unsuccessful signals in a horizontal trend.
Multiple Trend Overview
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Hey there!
The indicator is used for both an overall and a short trend assessment. Both superordinate structures and subordinate movements are mapped. With the help of calculations via Ema , MACD and other tools, graphic trends can be visualized.
The green areas always signal an uptrend, while the red areas indicate a downtrend. The red & blue ema enclose the area of the minor trend. Orange & Green signal the overall trend. Ideally, both Ema faces run in the same direction as the multi-color line. Special alerts in the charts show this again directly in the chart. The multiple setting to display the trends from different time frames is innovative!
For all asset classes!
The indicator is designed for the m30 chart. But it can also be used well on other time frames. In addition, the display can be adjusted via the options and set to any time frame. The indicator has various settings and options that can be activated or deactivated separately.
Caution: Past results do not guarantee future profits!
Follow the link below to get access to this indicator or get us a PM to get access.
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Willkommen!
Der Indikator dient sowohl für eine übergeordnete als auch eine untergeordnete Trendeinschätzung. Hierbei werden sowohl übergeordnete Strukturen als auch untergeordnete Bewegungen abgebildet. Mit Hilfe von Berechnungen über Ema , MACD und weiteren Hilfsmittel lassen sich grafische Trends visualisieren.
Die grünen Flächen signalisieren immer einen Aufwärtstrend, während die roten Flächen einen Abwärtstrend anzeigen. Der rote & der blaue Ema schließen die Fläche des untergeordneten Trends ein. Orange & Grün signalisieren den übergeordneten Trend. Idealerweise laufen beide Ema Flächen in die gleiche Richtung wie die Multi-Farben Linie. Spezielle Alerts im Charts zeigen dies auch nochmal direkt im Chart. Innovativ ist die multiple Einstellung die Trends aus verschiedenen Timeframes abzubilden!
Für alle Asset Klassen!
Der Indikator ist für den m30 Chart ausgelegt. Lässt sich aber auch auf anderen Timeframes gut nutzen. Zusätzlich kann die Anzeige über die Optionen angepasst werden und auf jede Timeframe eingestellt werden. Der Indikator besitzt verschiedene Einstellungsmöglichkeiten und Zusätze die separat aktiviert oder deaktiviert werden können.
Achtung: Vergangene Ergebnisse garantieren keine zukünftigen Gewinne!
Verwenden Sie den folgenden Link, um Zugriff auf diesen Indikator zu erhalten oder schreibe uns eine PM um Zugriff zu erhalten.
Trending Bollinger Bands by SiddWolfBollinger Bands are mostly used for trend reversal. I believe they should be used for Trend Continuation and Trend Confirmation.
In this Trending Bollinger Bands script you will see two bands drawn on chart. The Upper band is suggestive of Uptrend and Lower Band is suggestive of Downtrend Market. It just provides the guidance of where the market is now and where it is headed. It is not to be used as a standalone indicator. Use this to confirm your hypothesis of Uptrend or Downtrend.
Bollinger Bands Trend
When the price crosses the moving average it is interpreted as the price is gonna continue in that direction. But most of the time it is a fake breakout. With this script you get an additional confirmation so that you know it is not a fake breakout and the price have caught the trend.
Bollinger Bands Reversal:
This indicator can also work for reversal. For example when price closes outside the outer bands, it is most likely that the trend is gonna reverse. Don't just enter the trade wait for some other confirmation as reversal trading is more complicated.
Confluence:
Confluence is the key factor for profitable trading. Don't use this indicator as standalone indicator instead combine it with other indicators and price action. Like the divergence occurring when the price is outside the bands is suggestive of trend reversal. I have created a non-delay, non-repaint indicator for finding divergence. I'd soon publish that script. Stay tuned.
Settings is the Key:
Try to play around with the settings. It is a simple yet effective indicator. Change the moving average type or length. I've found moving average RMA or WMA works better than SMA. Find the best setting that works with your setup. Set the Band Source as High/Low to make the outer bands more extreme.
Conclusion:
This is my first script but it isn't my last. I've created quite a few gems that I'm gonna publish soon. If you have any questions or suggestions feel free to comment below. I'd love to connect with you. Thank you.
Higher Timeframe Trend Indicator V3.0What is it?
An indicator that depicts the trend of up to 5 higher timeframes on the same chart without needing to context-switch between charts.
Features
- Supports up to 5 timeframes
- Trends indicated by 5 colored buttons: one for each timeframe
- Varying shades of green: uptrend
- Varying shades of red: downtrend
- White/silver: sideways/neutral
- Configurable length (time period) for each timeframe
- Increase length to capture long term trends; decrease it to capture only short term ones
- Configurable sensitivity for each timeframe
- Sensitivity determines what angle is considered trending and what is not
- Increase sensitivity to capture weak trends
- Decrease sensitivity to filter out weak trends and capture only strong/steep ones
- Sensitivity ranges from 1 (least sensitive) to 3 (most sensitive)
- Move the labels around vertically for better visibility by changing the "Location" and "Offset" parameters
How should one use it?
Use it to quickly browse through charts to understand the context across timeframes, and zero in on only those that have trends aligning on the higher and lower timeframes as per your strategy. For e.g., a chart that is trending up strongly on the 15min and 60min (indicated by dark green colored buttons), and trending down on the 1 and/or 5 min (indicated by red-colored buttons), can be shortlisted for a potential pullback trade. Use your favorite pullback strategy (Supply/Demand, Support/Resistance, Moving Averages, etc.) to hop in on the trend.
How are trends determined?
The indicator uses normalized %change in price of the linear regression line segment of the chosen price sources (close, high, low, MA, etc.) over a specified length to determine trend direction and intensity
Known Issues
Will indicate the trend correctly only for timeframes *higher* than the current (visible) resolution/timeframe of the chart. Might not indicate it correctly for lower timeframes ( i.e., lower than the current (visible) resolution/timeframe of the chart). For this reason, all timeframes lower than the current resolution will be hidden in the present release.
Future releases
- I am still experimenting with various sensitivity levels and the corresponding trend shades to make the tool as accurate and intuitive as possible. These modifications might come in
- Sensitivity levels might be increased.
- Bug fixes, if any
Adaptive Trend (Expo)Adaptive Trend (Expo)
DESCRIPTION
This Adaptive Trend (Expo) indicator is used to detect trends as well as to adapt to the trend characteristic in order to filter-out trend noise. Having an indicator like this enables professional traders to stay longer in trends. The indicator is also equipped with upper- and lower boundaries as well as a mid-line.
Positive trend
If the two trendlines (positive & negative trendline) emerges into one single line, it’s regarded as a positive trend. If a green cloud is painted in the indicator it’s a sign that the indicator is categorizing that price move as noise, and thus the professional trader should keep their long position, or enter Long.
Negative trend
If the two trendlines (positive & negative trendline) separates and become two lines as well as a red cloud is painted in the indicator, this is regarded as a negative trend.
As a general rule, if the ‘positive & negative trendline’ is above the midline there is a positive trend. If the ‘positive & negative trendline’ is below the midline there is a negative trend.
You have the possibility to change the ‘trendvalue’, a shorter length is more sensitive than a longer length.
HOW TO USE
1. Use the indicator to identify trends.
2. Use the indicator as a trend following strategy.
INDICATOR IN ACTION
EURUSD
EURUSD
EURUSD
BTCUSD
The indicator works with RENKO, HEIKIN ASHI and with KAGI charts as well.
I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continue to work on this indicator, so please share your experience and feedback with me so that I can continuously improve it. Thanks to everyone that have contacted me regarding my scripts. Your feedback is valuable for future developments!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
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Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
