Quantum UT BOT Trend Screener by MrCryptoBTC

Quantum UT BOT Trend Screener by MrCryptoBTC (NOT FOR SELL - FREE)


The Quantum UT BOT Trend Screener by MrCryptoBTC powered by the UT BOT by Yo_adriiiiaan is designed to help traders identify market trends and manage trades using a dynamic trailing stop based on Average True Range (ATR) and key value sensitivity. It provides real-time trend analysis, buy/sell signals, and alerts to enhance your trading strategy.

Inputs:
* Key Value (Sensitivity): Controls the sensitivity of the trailing stop. A higher value results in a more responsive trailing stop to market movements.
* ATR Period: Defines the number of periods used to calculate the Average True Range (ATR), helping to measure market volatility.

Recommended Timeframe:
* The Quantum UT BOT Trend Screener is best used on higher timeframes, such as 1-hour (H1), 4-hour (H4), or daily (D1) charts. These timeframes allow for more reliable trend identification and reduce the noise present in lower timeframes.

How it Works:
* Trailing Stop Calculation: The trailing stop adjusts dynamically based on market volatility, with its distance determined by the ATR and key value. It tracks the price, moving upwards during an uptrend and downwards during a downtrend, locking in profits as the market moves in your favor.
* Trend Detection:
* Uptrend: When the price crosses above the trailing stop, indicating upward momentum.
* Downtrend: When the price crosses below the trailing stop, signaling downward movement.
* Neutral: When the price remains within the trailing stop range, indicating no clear trend.

Features:
1. Trend Label: Displays the current trend on the chart (Uptrend, Downtrend, or Neutral).
2. Dashboard Table: Shows the currency pair and its trend status on the top-right corner of the chart.
3. Trailing Stop Plot: Visually represents the trailing stop on the chart in green (uptrend), red (downtrend), or blue (neutral).
4. Buy/Sell Signals: Generates buy and sell signals when the price crosses the trailing stop.
* Buy: Triggered when the price crosses above the trailing stop.
* Sell: Triggered when the price crosses below the trailing stop.
5. Bar Color: The bar color changes to green for uptrends and red for downtrends, visually representing the market condition.
6. Alerts: Receive alerts when:
* A buy signal is triggered.
* A sell signal is triggered.
* An uptrend is detected.
* A downtrend is detected.

Use Case:
Ideal for swing traders, trend-following strategies, or anyone looking to spot and follow key trend changes in the market. This indicator offers clear visual signals and real-time alerts, helping traders stay in profitable trends and avoid false breakouts.

Multi-Pair Screening: Pine Script is limited to the current chart’s pair. For multi-pair screening, apply the script to multiple charts or use TradingView’s built-in screener with similar ATR-based criteria.
Trend Sensitivity: Adjust key value for tighter or looser trailing stops. Lower values increase sensitivity.
Timeframes: Test on various timeframes (e.g., 1H, 4H, 1D) to suit your trading style.