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.

KEY FEATURES

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.

The algorithm reduces reaction to short-term spikes, providing a cleaner representation of trend evolution.

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.

Use them as early alerts to reduce risk, manage exits, or prepare for possible reversals.

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.

CUSTOMIZATION

These settings allow full control over whether to display these components depending on user preference or chart clarity.