TrendMagnet
TrengMagnet is a sophisticated trend detection algorithm designed to filter out market noise, highlight dominant trend direction, and detect early signs of momentum exhaustion.
It combines a main trend-following band with triple-line markers that signal the strength or weakness of the current move.
Dynamic Trend Band
Smoothly follows trend direction and turns flat during consolidation, helping traders distinguish between trending and ranging conditions.
Sharp slopes in the band confirm strong directional movement, while flat zones signal uncertainty or sideways behavior.
Triple-Line System
These horizontal line sets act as a trend strength and volatility scanner:
Appearing at the bottom during uptrends or at the top during downtrends, they help detect trend exhaustion, pause zones, or areas of consolidation.
The more frequent and extended the orange clusters, the greater the chance of a shift or slowdown in price movement.
How to use
Trend Confirmation
Enter trades in the direction of the TrengMagnet band slope — green band for long bias, purple for short.
Momentum Weakness Detection
Watch for orange triple-line formations as early warnings of trend exhaustion, ideal for tightening stops or exiting.
Range Filtering
Avoid entries when the TrengMagnet band is flat, as this indicates a lack of clear direction or consolidation.
Confluence
By combining the triple-line system with the TrengMagnet band, traders gain a unique edge—using the band to track trend direction and the triple lines to assess strength and volatility—creating a powerful confluence tool for timing entries, exits, and avoiding false breakouts.
Settings
Settings
Trend Magnet Enables or disables the trend-following band displayed directly over the price chart.
Magnet Bar Toggles the horizontal visual bands shown at the top and bottom of the chart. These bars represent key magnet zones derived from historical price action and are useful for spotting potential support/resistance clusters.
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