Flow Trend
Last updated
Last updated
This custom indicator is designed to efficiently identify and follow market trends while avoiding false reversals. It dynamically adjusts to market volatility, ensuring that it stays on the right side of the trend without reacting prematurely to minor market fluctuations.
The indicator displays signals at the key turning points (triangles) with a price value, indicating the bullish or bearish momentum.
The Retest Signals indicator identifies potential continuation points by marking key retest levels of dynamic zones (bands). It provides visual confirmation for traders to analyze whether the price is likely to respect critical zones, aiding in decision-making for entries.
Users can choose timeframes from which the FlowTrend is plotted. Selecting a higher timeframe than the current chart provides a broader, longer-term trend perspective with reducing a noise from the bands and clearly see the trends and momentum shifts, while choosing a lower timeframe shows more immediate, short-term market shifts.
The primary purpose of the indicator is to identify the direction of a trend using the adaptive bands that react to volatility. As long as the price remains on one side of the band, the trend is intact.
FlowTrend shows the dominant trend using color-coded overlays, with full control over appearance and source timeframe:
Toggle On/Off: Enable or disable the FlowTrend layer on the chart.
Timeframe Selector: Choose the timeframe from which the trend data is derived (e.g., Chart = current chart timeframe).
Color Settings: Adjust bullish and bearish colors to match your preferred visual style.
This allows traders to spot higher-timeframe trend bias or align signals with broader market flow.
