The TrendDetector indicator is based on almost the same logic as our premium All-in-one indicator, namely on the analysis of the current location of potential liquidity clusters. Once liquidity begins to be captured, the TrendDetector indicator starts painting the chart with a gradient, depending on the intensity of impulses.
This indicator can be used as a method to determine the trend, for further independent trade searches in the direction of this trend, or for immediate trade entry based on specific logic.
To access our primary private free TrendDetector indicator, you can visit our website, using your email and TradingView username. Afterward, you will receive all our free products via email immediately upon their release.
For trend determination:
When you see a pink or light yellow trend color, it means that a new trend may potentially be emerging right now, and you can join it almost at the beginning. So, if you see patterns from your trading system aligning with the TrendDetector indicator and they have the same direction, it further increases the likelihood of your plan working out.
In the case where the trend phase has a red or green color, it may indicate that the primary market impulse has already occurred, and therefore, joining the trend at this time may not be advisable.
For trade entry:
Additionally, you can use the indicator specifically for entering the market using market orders. Depending on the timeframe (the smaller the timeframe, the more confirmation candles are needed), you can open a trade when one trend replaces another at the close, for example, the second candle in the case of a 3-minute timeframe.
Stop-loss can be placed under the signal candle, a local peak, or a reversal trend valley, a global peak, or a reversal trend valley. In the example above, the second option was used.
You cannot technically adjust anything in this indicator because all the logic is hardcoded. However, for a better representation of candlestick gradients, we recommend visually configuring the indicator as follows.