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TrendMaster Pro [By TraderMan]
📈 TrendMaster Pro [By TraderMan] Indicator 🚀
TrendMaster Pro is a powerful, technical analysis-based trading tool used on TradingView.
It’s designed to identify market trends, detect support/resistance levels, spot trend breakouts, and generate automatic buy-sell signals.
⚙️ Indicator Logic and Functionality
🔎 Pivot Detection: Captures market turning points (pivot highs & lows).
📉📈 Trend Lines: Draws support (green) and resistance (red) lines between recent pivot points.
💥 Breakout Detection: Generates signals when price breaks support or resistance levels.
⏳ Multi-Timeframe Analysis: Analyzes trend direction and breakouts on 5m, 15m, 1h, 4h, and daily charts.
📊 EMA & Momentum: Confirms trend direction using 5 and 13-period EMAs and momentum indicators.
🎯 TP/SL Levels: Automatically calculates Take Profit (TP) and Stop Loss (SL) levels.
⭐ Success Rate: Measures signal accuracy as a percentage; only signals above 70% are shown.
👁️🗨️ Visual Elements: Easy-to-use interface with trend lines, TP/SL boxes, labels, and summary tables.
📲 Alerts: Sends real-time buy/sell notifications via Telegram or webhook.
🛠️ How It Works
🔺 Pivot and Trend Lines
Pivots (highs and lows) are detected based on a user-defined lookback period.
Support (green) and resistance (red) lines are drawn between these points and extended into the future.
⚡ Breakout Detection
If price breaks above resistance → Buy (Long) signal!
If price breaks below support → Sell (Short) signal!
A confirmation bar count (default 1 bar) helps reduce false signals.
📅 Multi-Timeframe Analysis
Checks trend and breakout status across 5m, 15m, 1h, 4h, and daily charts.
EMA5 > EMA13 with positive momentum indicates a bullish trend; the opposite indicates a bearish trend.
🎯 TP and SL Calculation
Entry price is based on the support/resistance level.
TP (2%) and SL (1.3%) percentages are calculated automatically, with vertical offsets applied.
🌟 Success Rate
Rates signal strength based on trend and breakout alignment across timeframes.
Only signals above 70% trigger alerts.
🎮 How to Use
Add the Indicator: Paste the code into Pine Script editor on TradingView and add to your chart.
Configure Settings: Adjust pivot lookback, TP/SL percentages, confirmation bars, and other parameters to fit your strategy.
Follow Signals:
Buy signals show “BUY” labels and TP/SL boxes after resistance breakouts.
Sell signals show “SELL” labels after support breakdowns.
Enter Positions: Take positions on confirmed signals and monitor TP/SL levels.
Receive Alerts: Signals with a success rate above 70% will send automatic Telegram notifications.
💡 Tips for Use
⏱️ Timeframe Choice: Use short timeframes (5m, 15m) for scalping, longer (1h, 4h, daily) for swing trading.
📈 Success Rate: Signals over 80% are more reliable; be cautious with lower percentages.
⚙️ Settings: Optimize TP/SL and pivot period according to asset volatility.
🛡️ Risk Management: Always use SL and manage position size carefully.
🎉 Advantages
📊 Multi-timeframe support for stronger analysis
👁️🗨️ User-friendly visuals and summary tables
🤖 Automated alerts via Telegram/webhook
🔧 Flexible, customizable parameters
⚠️ Warnings
⚡ High volatility may increase false signals—consider increasing confirmation bars.
🔄 Signals can be less reliable in non-trending (range) markets.
🧪 Always test strategies on demo accounts before going live.
Conquer the waves of the market with TrendMaster Pro! 🌊💪
TrendMaster Pro is a powerful, technical analysis-based trading tool used on TradingView.
It’s designed to identify market trends, detect support/resistance levels, spot trend breakouts, and generate automatic buy-sell signals.
⚙️ Indicator Logic and Functionality
🔎 Pivot Detection: Captures market turning points (pivot highs & lows).
📉📈 Trend Lines: Draws support (green) and resistance (red) lines between recent pivot points.
💥 Breakout Detection: Generates signals when price breaks support or resistance levels.
⏳ Multi-Timeframe Analysis: Analyzes trend direction and breakouts on 5m, 15m, 1h, 4h, and daily charts.
📊 EMA & Momentum: Confirms trend direction using 5 and 13-period EMAs and momentum indicators.
🎯 TP/SL Levels: Automatically calculates Take Profit (TP) and Stop Loss (SL) levels.
⭐ Success Rate: Measures signal accuracy as a percentage; only signals above 70% are shown.
👁️🗨️ Visual Elements: Easy-to-use interface with trend lines, TP/SL boxes, labels, and summary tables.
📲 Alerts: Sends real-time buy/sell notifications via Telegram or webhook.
🛠️ How It Works
🔺 Pivot and Trend Lines
Pivots (highs and lows) are detected based on a user-defined lookback period.
Support (green) and resistance (red) lines are drawn between these points and extended into the future.
⚡ Breakout Detection
If price breaks above resistance → Buy (Long) signal!
If price breaks below support → Sell (Short) signal!
A confirmation bar count (default 1 bar) helps reduce false signals.
📅 Multi-Timeframe Analysis
Checks trend and breakout status across 5m, 15m, 1h, 4h, and daily charts.
EMA5 > EMA13 with positive momentum indicates a bullish trend; the opposite indicates a bearish trend.
🎯 TP and SL Calculation
Entry price is based on the support/resistance level.
TP (2%) and SL (1.3%) percentages are calculated automatically, with vertical offsets applied.
🌟 Success Rate
Rates signal strength based on trend and breakout alignment across timeframes.
Only signals above 70% trigger alerts.
🎮 How to Use
Add the Indicator: Paste the code into Pine Script editor on TradingView and add to your chart.
Configure Settings: Adjust pivot lookback, TP/SL percentages, confirmation bars, and other parameters to fit your strategy.
Follow Signals:
Buy signals show “BUY” labels and TP/SL boxes after resistance breakouts.
Sell signals show “SELL” labels after support breakdowns.
Enter Positions: Take positions on confirmed signals and monitor TP/SL levels.
Receive Alerts: Signals with a success rate above 70% will send automatic Telegram notifications.
💡 Tips for Use
⏱️ Timeframe Choice: Use short timeframes (5m, 15m) for scalping, longer (1h, 4h, daily) for swing trading.
📈 Success Rate: Signals over 80% are more reliable; be cautious with lower percentages.
⚙️ Settings: Optimize TP/SL and pivot period according to asset volatility.
🛡️ Risk Management: Always use SL and manage position size carefully.
🎉 Advantages
📊 Multi-timeframe support for stronger analysis
👁️🗨️ User-friendly visuals and summary tables
🤖 Automated alerts via Telegram/webhook
🔧 Flexible, customizable parameters
⚠️ Warnings
⚡ High volatility may increase false signals—consider increasing confirmation bars.
🔄 Signals can be less reliable in non-trending (range) markets.
🧪 Always test strategies on demo accounts before going live.
Conquer the waves of the market with TrendMaster Pro! 🌊💪
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.