Core Trend Settings

Entry / Exit Labels

Ticking this function on or off will show the Buy, Sell, and Exit signals on chart.

The Green “B” indicates a Buy, The Red “S” indicates a Sell, and the Grey “X” indicates an Exit Signal. 

B
S
X

Tick or untick "Entry / Exit Labels" to toggle labels from visible to hidden.

Price Source

This option allows the user to determine how the indicator fires signals based on the individual candle on the chart. This option is default at “hl2” but can be used on any part of the candle.

Individual Price Sources:
Open - The indicator uses the candle open to determine the signal.
High - The indicator uses the candle high to determine the signal.
Low - The indicator uses the candle low to determine the signal.
Close - The indicator uses the candle close to determine the signal. 
HL2 - The indicator uses the arithmetic mean of the high of the candle + the low of the candle / 2 to determine the signal. 
HLC3 - The indicator uses the mean of the candle high, + the low of the candle + the close of the candle / 3 to determine the signal. 
OHLC 4 - The indicator uses the mean of the candle open + the high of the candle + the low of the candle + the close of the candle / by 4 to determine the signal.

Pro Tip

Changing this setting will change the indicator significantly.
Test out all the modes to see what suits your trading style / ticker(s).

Core Mode

This Mode selects the type of signal that is fired. The indicator is default on Automatic mode but can be changed based on the type of trading the user is taking. 

Primarily there are 2 types of Signals - Swing mode that uses the band and Scalp mode that uses reversal zones. 

Core Mode Options:

Automatic - This is the default mode of the indicator. It will automatically switch from Swing mode to Scalp mode based on the timeframe of the signals being used. The Band will be automatically used on any timeframe from the 1hr to any higher timeframe and the Scalp mode will be automatically used for any timeframe under the 1hr. 

Scalp - This option will only show “Reversal Zones”. These zones are shown with green or red shaded areas based off of previous up or down movements in Price Action. As price moves back to a “Reversal Zone” it shows a potential buy or sell based on if Price stays within the zone. As price comes down into a Green Reversal Zone it shows a potential buy. As price moves up into a Red Reversal zone it shows a potential sell. The best way to use this mode is on lower timeframes utilizing a “Scalping” strategy.

Swing - This mode uses the Trendmaster “Band”. The band fires in 3 default colors of Green for Buy, Red for Sell, and Grey for Exit or No Trade Zone. This mode is most effective if a user is utilizing automated trading to fire the signals automatically. This mode is also most effective on higher timeframes as it allows for highly volatile areas of Price Action to be absorbed by the indicator and stay in the trade compared to lower timeframes where volatile moves will effect the buys, sells, and exit or no trade zones. 

Off - This mode turns the signals off completely. This can be useful if the user is utilizing other supporting functions of the indicator to take trades without wanting to use signals.

Pro Tip

We recommend automatic mode

Signal Sensitivity

The Signal Sensitivity is how a user will adjust the signals themselves in how the indicator activates Buy(Long) and Sell(Short) signals. The sensitivity is adjustable from 1 to 10 at .5 increments. The default setting is 5. 

This is the main way to “Tune” the indicator for the specific trading pair a user is viewing

Increasing the sensitivity or moving above 5 will “Tighten” the signal so that it activates a signal faster on that particular chart. Increasing the sensitivity will activate more signals at a higher frequency. 

Decreasing the sensitivity or moving below 5 wlil “Loosen” the signal so that it activates a signal slower on that particular chart. Decreasing the sensitivity will activate fewer signals at a lower frequency. 

Sens 10 - (Highest)
Sens 1 - Lowest

Pro Tip

Use lower values for swing trading & higher values for scalping

Entry Tolerance

Entry Tolerance allows users to make a more quick adjustment to an already dialed in indicator by selecting between a Conservative or Aggressive tolerance for Signal Entry. 

The default setting to this is set on Conservative

The Conservative setting will take more candles to activate a Buy(Long) or Sell(Short) signal and it will activate less frequently. 

The Aggressive setting will use fewer candles to activate a Buy(Long) or Sell(Short) signal it will activate more frequently. 

This setting will only have effect on the Buy Signals and the Sell Signals and not the Exit Signals or No Trade Zones. 

Trades

This setting allows the user to choose which specific signals activate; Long & Short, Long Only, and Short Only. 

The default setting is Long & Short which will activate both long and short signals on the indicator.

The Long Only and Short Only settings will activate Long (Buy) or Short (Sell) signals respectively.

This is useful in the case of a clearly trending market. As an example if the Price Action is trending upwards a user can select Long Only in order to remove Short (Sell) signals. It works exactly the same for Short Only and in trending down Price Action.

Invert Trades

This will reverse all Signals that activate from the indicator.

It will have an effect on both Swing and Scalp mode.

This setting can be useful in the case of very low timeframe scalp settings when Entry/Exit signals are turned on. Low timeframe trading is not generally recommended because of volatility and violent Price Action however using Invert Trades can tune the indicator to fire more effectively and should only be used if the signals are activating opposite to how they should be which can be due to extreme market conditions. 

ATR Filter

This acts as a volatility and trend filter.

This will require a minimum amount of volatility and trend in the market in order to activate a signal in the main indicator.

It can be useful if the trading pair being used goes through periods of relaltively low volume or non trending Price Action to ensure a minimum amount of volatility in order to activate signals.

Higher Time Frame Filter

This filter create a requirement of multiple day up trend or down trend in order to activate signals.

Using this filter may be an effective way to minimize less effective signals in a “Ranging Market”

This function can be very effective for users who have a “Free” Tradingview subscription as the Lookback in number of candles for “Free” subscriptions is less than paid subscriptions to Tradingview.

This effectively creates a requirement for High Time Frame Trend in order to fire a signal. 

Exit

These are the different options that determine how Exit Signals are fired. Exit signals will show as a Grey “X” if Entry / Exit Labels are ticked on. 

If Entry / Exit Labels are ticked off then any zone on the “Band” that switches from from Green or Red to Grey signifies an Exit Signal.

Exit Options

Trendmaster - The default setting and causes the exit signals to activate based off of built in Indicator Exit Signals.

Stochastic - This uses a Stochastic Indicator to activate Exit Signals.

MA - This uses aMoving Average Indicator to activate Exit Signals.

RSI - This uses a Relative Strength Indicator to activate Exit Signals.

MACD - This uses a Moving Average Convergence Divergence Indicator to activate Exit Signals.

We recommend users to test the different Exit Options in order to maximize the effectiveness of the Signals.

Exit Tolerance

Similar to the Entry Tolerance but only adjusts the Exit Signal.

Exit Tolerance allows users to make a more quick adjustment to an already dialed in indicator by selecting between a Conservative or Aggressive tolerance for Signal Entry.

The default setting to this is set on Conservative.

The Conservative setting will take more candles to activate an Exit signal and it will activate less frequently.

The Aggressive setting will use fewer candles to activate an Exit signal it will activate more frequently.

Exit Sensitivity

Similar to the Signal Sensitivity however only has effect on the Exit Signals.

The Exit Sensitivity is how a user will adjust the signals themselves in how the indicator activates Exit Signals. The sensitivity is adjustable from 1 to 10 at .5 increments. The default setting is 5. 

This is the main way to “Tune” the indicator for the specific trading pair a user is viewing

Increasing the sensitivity or moving above 5 will “Tighten” the signal so that it activates an Exit Signal faster on that particular chart. Increasing the sensitivity will activate more Exit Signals at a higher frequency. 

Decreasing the sensitivity or moving below 5 wlil “Loosen” the signal so that it activates an Exit Signal slower on that particular chart. Decreasing the sensitivity will activate fewer Exit Signals at a lower frequency. 

Adjusting this allows the user to adjust how often the Exit Signals are fired.

Colors

This allows the user to change the default Bull(Buy/Long) color from Green to any color.

This allows the user to change the default Bear(Short/Sell) color from Red to any color. 

This allows the user to change the default Neutral(Exit/No Trade Zone) color from Grey to any other color.