Applicable Instruments: All instruments Applicable Timeframes: Any
The Trend Dots Indicator uses price curve angle calculations to determine trend direction in real-time, marking it with blue and red dots on the chart. Blue dots indicate uptrend, red dots indicate downtrend. The trading strategy is simple: enter when 2 consecutive same-color dots appear, exit when an opposite-color dot appears. Supports filter and deviation settings to reduce false signals in ranging markets.
Features
- Real-time trend direction detection using price curve angle calculation
- Blue dots for uptrend, red dots for downtrend - instant visual clarity
- Simple trading signals: enter on 2 consecutive same-color dots, exit on opposite
- Filter setting to reduce false signals in ranging markets
- Adjustable period length for short-term to long-term trading
- Multiple applied price types supported (Close, Open, High, Low, etc.)
- Lightweight indicator compatible with all instruments and timeframes
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