TradingView – Trend monitor indicator and trend line
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The Quantum trend monitor indicator for Trading View has been developed to do just that – to monitor trend strength and to display and confirm every aspect of the trend, from major changes and reversals, to more subtle pauses, and all with one simple objective in mind – to help you maximise profits from the trend itself, and then deliver timely signals for the right time to enter, exit or hold a position.
As we all know, markets never go up or down in a straight line. They rise and fall constantly, creating pullbacks corrections and reversals, some major and some minor. And with each rise and fall, so our emotions rise and fall. Hope, then fear, then hope. This is when the market will try to frighten you out of a strong position. It is when you are most vulnerable.
But not if you have the Quantum Trend Monitor for Trading View.
The indicator has been designed to absorb these temporary pauses and pullbacks. It does so by analysing the price action and then delivers the result as a solid bar which is either bright blue or bright red that moves to a transitional color of dark red or dark blue, if the trend shows temporary weakness which is typically seen in congestion phases, but if it is a true change in trend direction, the indicator will revert to a bright color, as the new trend develops. In other words from bright blue to bright red, or vice versa.
And even better, the indicator includes a second component which is the trend line, which helps to provide a view on the momentum and strength in the trend. The trend line offers an instant assessment of the divergence of the trend from the mean, and so signals possible weakness in the trend once extremes are reached, with the steepness of any slope, confirming the strength or weakness in the trend.
And when used in conjunction with a multiple time frame approach, it is the indicator which will really make ‘the trend your friend’. Now you will be able to monitor the trends in multiple timeframes in real time, reducing risk, improving returns, and increasing your overall profitability.
And the perfect complement to the Trend monitor is the its sister indicator the Quantum Trends indicator. The Trend monitor takes a more considered view of the trend whilst the trends indicator works close to the price action.
The Trend monitor indicator works on all the timeframes and for all markets and instruments whether commodities, stocks, indices, cryptocurrencies or forex. And whatever your style of trading, the indicator can be adjusted to suit your own trading style and risk profile. Reducing the sensitivity increases the congestion phases which are then maintained until the trend is established more firmly, whilst increasing sensitivity reduces the congestion phases and so signals changes in trend earlier. The choice is yours.
And as the old saying goes – two heads are better then one. Here we could say – two indicators are better than one! Now with the Quantum Trend Monitor and the associated trend line, you have a complete picture of the trend. Staying in and maximising your profits has never been easier.