TrendMaster TrendMaster is a complete trend following system with strict entry, exit and trade management criteria. The indicator is optimised for weekly, daily and 4-hour candlesticks and can be used for all trending markets. It was developed primarily for less experienced traders that struggle to determine relevant information from irrelevant information when viewing a candlestick chart. The indicator was built to solve the problem that all new traders face.
Setting Up The Indicator After purchase, open the TradingView indicator library. Under the Invite-Only Scripts section, you will see TrendMaster. Add it to your chart. Next, you must customise your theme settings to allow TrendMaster to take over control of your candle colours. You can find a complete set-up tutorial on our website.
The Cloud The indicator includes a moving average cloud which serves as a visual guide to local support and resistance. For a signal candle to print, price must trade above the moving average cloud and above the medium-term trend. By requiring multiple criteria we drastically reduce false entries. When price exits the cloud to the upside it typically trends above and finds support at the cloud during retracements.
Candle Colours By default, TrendMaster will colour your candles in black and white. White candles indicate an uptrend in an asset and the candles will not change colour until the trend has reversed and a counter-trend signal has been printed. Black candles indicate a downtrend, they will remain black until a counter-trend long signal candle has been printed.
Signal candles A signal candle is printed when the price of an asset closes above or below the moving average cloud and the medium term trend moving average. By requiring two criteria for a single candle to print we will see a drastic reduction in the number of false signals.
The TrendMaster entry technique further reduces the likelihood of false entries. To enter a trade we do not buy the signal candle immediately. Instead, we treat the signal candle as an indication that a trend change is possible. We want to see confirmation of this trend before making an entry. To enter we place a pending order a few ticks above or below the high or low of the signal candle. By doing this we only enter a trade when the asset has shown a continuation in the direction of the suggested trend change.
Once a trade has been taken we remain in that trade until either we have been stopped out on the break of a Williams fractal or the trend has reversed by printing an opposite to trend signal candle. It is important that we remain with the trend to ensure that we capture the maximum opportunity available.
If you would like to use TrendMaster or any of our other Indicators, please visit my site. Here you can purchase one of our packages which include indicators, market scanner bots and a large Discord community. You will also find educational content and how to guides for our indicators.
Our Story Founded in 2018 by IchimokuScholar and C00kie, TrendMaster is a team that produces technical analysis indicators with an emphasis on simplicity and noise reduction. We support a large community with educational content, automated market scanners and mentoring in our private chat rooms. We produce technical analysis indicators geared primarily towards the emerging Cryptocurrency asset class. We provide educational material to assist trader development and host a large online trend following community. All of our products are designed to help traders distinguish relevant information from background noise. Our indicators encourage disciplined trade management to maximise the opportunity captured while minimising losses.
IchimokuScholar IchimokuScholar – In 2017 I retired from a career in higher education to focus on Trading. I like to trade long term trends, focusing primarily on continuation setups. I am dedicated to sharing my knowledge of trading and take great pleasure in simplifying technical analysis for newer traders.
C00kie I started trading crypto in 2017 and immediately started coding a bunch of tools to improve my quality of life. Some definitely worked out better than others. Like to trade the higher timeframes and drawing horizontal lines on charts. I am also pretty much obligated to like cookies.
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Added position size bubbles to assist users determining entry risk.
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Change Chart image
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Changed Chart (again!)
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Bug fix for position size calculation
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Minor big fixes
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- Switched the "bubble" position so that uptrend bubbles are below candle and downtrend bubbles are above. - Added additional coloring options for "start of trend" vs. "trend continuation" candles.
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Ability to select what type of position sizing to show (short, long, both, only last etc.)
Added compact and full mode for position sizing boxes
Renamed and reworked some of the existing settings
Standardized color usage
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Added checkbox to toggle position sizing bubbles
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Added alert for "Any signal candle" (regardless of which direction)
Added entry style "ATR Entry, Candle Stop" to position sizing
Cloud lines default invisible
Changed default colors
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Small color update
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Coloring fix for Start of Trend / All signals
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Fix blue candles also for returning to cloud.
Fix alert for "only first of trend".
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Version nr.
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Added filter to filter out signal candles above a certain %
Added position sizing option "Candle Entry, ATR Stop"
Would it be possible to make an arrow below/above the candle that breaks and closes above a fractal? Would be a great visual confirmation and will assist my trading. And an alert perhaps?
Thanks!
J007RMC
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cant access your script
YusufCaglar
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I want this try please
Sharkpoints
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Can I get a trail for 1week for testing please
kiawaz8
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plss plss amazing script
J007RMC
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I sent coins is this script even supported 2 days ago is this script even supported?
TrendMasterPremium
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@J007RMC, Yes, this script is supported. Please join our Discord @ discord.gg/4SVGUDW for support questions and we will gladly be of assistance.
kikipp
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Hello, I had access to premium before, haven't looked at it for a while. Recently I added this indicator it says not auth. Could you check on it?
Thanks!