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Signal Detection with AI
This feature utilizes AI algorithms to accurately calculate the strength of various signals. The signal strength will be displayed below each signal, with a rating scale of 1 to 5, where higher scores indicate stronger signal strength. Using this feature can lead to better allocation of funds or improved assessment of the current chart direction.
Select Signal Type
This indicator has three different signals, each tailored to common trading types in the market. Firstly, the "Smart Trend Signal" is suitable for trading pairs with higher market liquidity, such as Forex and futures. Secondly, the "Counter Trend Signal" is ideal for pairs with higher volatility, such as cryptocurrencies and a few select currency crosses (since low liquidity can lead to greater volatility). Lastly, the "Trend Catch Signal" is suitable for trend trading on all trading pairs, as long as the timeframe is greater than 1 hour.
Customized Indicator
This area allows for the customization of the overall theme color of the indicator, as well as the font size and font color.
Various signals suitable for different market trends
Smart Trend Signal
Smart Trend signal, this signal is part of trend-following trades and is suitable for trading in stable or regular trend markets, such as major markets like gold and forex.
Counter trend signal
Counter trend signal, this signal is part of counter-trend breakout trades and is suitable for trading in more volatile trend markets, such as markets with lower depth like cryptocurrencies.
Trend Cather Signal
This signal can clearly show the trend direction of the current chart. Through accurate algorithms, you can see which way the market may go, and establish market prejudices to create a higher winning rate. This signal is suitable for use in the time zone of the big trend level, such as 1 Day.
Trading Types
This feature allows you to choose your own trading frequency. After selecting the type of trading signal, you can choose the frequency of your trades. Those who prefer ultra-short-term trading can adjust it accordingly, while those who prefer long-term trading can adjust it to Major Trend Position. The initial setting of the indicator is Minor Trend Position. Basically, our default initial settings are also the signals we recommend the most.
As the timeframe selected becomes longer, it is advisable to opt for shorter-term trading types in order to achieve more stable signals.
Indicator Features
Dashboard
This feature is unrelated to signals and can assist you in making decisions for opening and closing positions. 'Win Rate' displays the overall win rate for that time period across the entire chart. 'Trend Strength' indicates the strength of the current market trend, with values over 50% often being the result of major capital inflows. 'Weighted Trend' shows the state of the trend, where the closer the trend is to the current candle, the greater its weight. 'Momentum' reveals whether the current candle's momentum is bullish or bearish. 'Volatility' shows whether the current candle's volatility tends towards bullish or bearish. 'Volume Analysis' reflects whether trading volume is biased towards bullish or bearish. 'Potential Trend' uses a unique artificial intelligence algorithm to predict the price trend for the next 20 candles. When it exceeds 60% upward, there's a high likelihood of an uptrend, and when it exceeds 60% downward, there's a high likelihood of a downtrend. This feature can be used to decide whether to exit a position profitably and can be effectively used to allocate your capital.
On the left side, there are trend statuses for different timeframes, with green indicating bullish, red for bearish, and grey for consolidation. If the chart shows bullish in the hourly time frame but bearish in the larger time frame, it can be confirmed that the trend has not yet changed direction, but a retracement may occur. Once the larger time frame turns bullish, then the overall trend becomes bullish. This feature can be better used to trade in alignment with market trends.
Trend
The trend function displays whether the current trend is bullish or bearish. This function can be used to determine the direction of the trend and focus on buy/sell signals that align with the trend's direction. Additionally, when the trend is approaching a reversal point, it often forms support or resistance levels. This method can provide a clearer indication of whether the trend is likely to reverse.
Reversal Band
The Reversal Band is divided into an upper track, lower track, and a middle line. The upper track acts as resistance, and the lower track as support. When a market surges and moves away from the upper track, there is a high probability of a trend reversal.
Smart Trail
This feature has two main functions. One is to judge the direction of small-scale wave movements. When wave tracking is bullish, focus on long positions, and when wave tracking is bearish, focus on short positions.The second function is to provide support and resistance for a trend phase. In wave trends, the Smart Trail will act as support or resistance. When a newly emerging market trend encounters the Smart Trail, there is a high probability of a rebound and a continuation of the trend.
Trend Line
This feature can automatically draw trend lines, and labels will appear when there's a breakthrough. It can be used in conjunction with trading signals. For example, when the trend breaks through the trend line and there is a trading signal at the same time or afterwards, you can trade on that signal, which greatly increases the probability of success.
S & R(Support and Resistance)
This feature automatically draws support and resistance levels. Usually, once a support or resistance level has been tested, it tends not to be used again, so whether to extend these levels can be adjusted according to your needs or strategy. This can be used in conjunction with trading signals. When there's a retest of support or resistance, and a subsequent signal appears in the same direction, trading on that signal can significantly increase the probability of success.
Reversal points
This feature reveals whether a market reversal is likely. After taking a short position, if a transformation point in the shape of an exclamation mark ⚠ appears within the wave tracking, you can choose to hedge or close the position to take profit.
Trend Candle
When the candlestick is white, it indicates that the market is in an uptrend. When the candlestick is solid red, it signifies a downtrend in the market. When the candlestick is grey, it suggests the market is in a sideways or oscillating trend. Pairing this with signals or other features can assist in making better judgments.
If the Trend Candle is not distinct enough, you can modify the candle settings from the Chart settings in TradingView. Turning off the Border can make the Trend Candle more prominent.
TP/SL Setting (Take Profit/Stop Loss Setting)
In the initial settings, only 3 take profit levels are displayed. If you wish to make changes, you can select according to your preference in the settings. In long-term trading, you can choose up to 5 take profit levels.
In larger time frame trading, support and resistance levels are usually further apart, so selecting a percentage-based TP/SL can be a good choice. Using a fixed percentage for TP/SL is also a viable option.
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