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Trend Identifier Indicator
The “Trend Identifier” indicator is designed to help traders quickly identify trending and sideways market conditions, allowing them to adapt their strategies based on the prevailing market sentiment.
 
How It Works

1. ATR (Average True Range):
• ATR measures market volatility. In this script, ATR is used in combination with a moving average to identify periods of rising or falling volatility, which helps differentiate between trending and non-trending conditions.
2. ADX (Average Directional Index):
• ADX is a key component in identifying the strength of a trend. The script uses a threshold system to classify market conditions:
• If ADX is low (below a specified threshold plus a buffer) and ATR indicates low volatility, the market is likely in a sideways condition.
• If ADX is high (above a threshold minus a buffer) with increasing ATR, the market is likely in a trending condition.
3. EMA (Exponential Moving Average):
• A 20-period EMA is used instead of a simple moving average to enhance trend detection speed. The close price’s position relative to the EMA helps identify bullish or bearish trends when combined with ADX and ATR data.
4. RSI (Relative Strength Index):
• RSI acts as a confirmation tool for trend strength. A bullish trend is confirmed if RSI is above 50 and the price is above the EMA, whereas a bearish trend is confirmed if RSI is below 50 and the price is below the EMA.

Using the Indicator
This indicator helps traders understand the current market structure in a glance:
• Sideways (Gray): Low-volatility consolidation period, ideal for range-bound strategies or waiting for a breakout.
• Bullish (Green): Confirmed uptrend, potentially suitable for buying or long entries.
• Bearish (Red): Confirmed downtrend, ideal for short selling or exiting long positions.
 
The “Trend Identifier” is a powerful tool for traders who seek a clear view of the market structure, using a balanced approach of volatility, trend strength, and momentum. By combining the power of ATR, ADX, EMA, and RSI, this indicator provides a nuanced picture of the market’s behavior, assisting traders in making more informed decisions.

Trend Identifier Indicator

₹2,999.00Price

  • Pay once, use for a lifetime! No subscriptions needed—enjoy all future updates and enhancements included.

  • Terms & Conditions for Purchasing the Indicator

    1. License and Usage Rights

    • By purchasing this indicator, you are granted a non-transferable and non-exclusive license to use the indicator for personal trading purposes only.
    • Redistribution, reselling, sharing, or sublicensing of the indicator to third parties is strictly prohibited.
    • The license is for one user account only. If you wish to use the indicator on multiple accounts, please purchase additional licenses.

    2. Refund Policy

    • All sales are final. Due to the digital nature of the product, no refunds will be provided once the indicator has been delivered.
    • We encourage users to review the product details and request any clarifications before purchase.

    3. Updates and Maintenance

    • Updates to the indicator, if any, will be provided free of charge for the Life Time after purchase.
    • Any major feature upgrades or additional functionalities added after the initial period may require a separate purchase or subscription.

    4. Disclaimer

    • This indicator is intended for educational and informational purposes only. It is not intended as financial advice or a guarantee of any trading outcome.
    • Trading in financial markets involves risks. You are solely responsible for any losses incurred as a result of using the indicator.
    • Past performance is not indicative of future results.

    5. Support

    • Technical support for the indicator will be provided for 30 days after purchase. You can contact us via [email/email support page] for any questions or issues related to the product.
    • Support does not include personal trading advice or custom modifications to the indicator.

    6. Limitation of Liability

    • In no event shall we be liable for any damages, losses, or expenses arising directly or indirectly from the use of the indicator.
    • The indicator is provided on an “as-is” basis without any warranties of any kind, either express or implied, including but not limited to merchantability, fitness for a particular purpose, or non-infringement.

    7. Termination

    • We reserve the right to terminate or revoke your license at any time if you violate these terms and conditions, including unauthorized sharing or misuse of the indicator.

    8. Governing Law

    • These terms and conditions are governed by and construed in accordance with the laws of [Your Country], and any disputes will be subject to the jurisdiction of the courts in [Your City/Country].

    You can adjust the specifics based on your preferences or legal advice. Make sure you highlight the no-refund policy and the non-transferable license as key parts of the agreement to protect your intellectual property.

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