Trend Master

Getting started#

1. 1
   Open TradingView and click Indicators

   Search for "Trend Master SimpleAlgo" in the Community scripts tab.
2. 2
   Add Trend Master to your chart
3. 3
   Keep the defaults

   The defaults suit most markets. Longer lengths suit slower markets and higher timeframes.
4. 4
   Add alerts if you want them

   Set them to "Once per bar close".

What you see on the chart#

• The ribbon. Its colour is the trend direction. A wide, bright aura is a strong trend; a thin, faded one is running out of steam.
• Candles coloured by trend strength.
• UPTREND and DOWNTREND labels for confirmed changes in direction. Rare by design.
• Diamonds for finished pullbacks: price dipped into the ribbon and resumed with the trend.
• A dashed trend origin line at the price where the current trend began.
• A panel describing the state: Trending clean, Trending, Pulling back, Losing steam, Confirming... or Chop, signals paused.

How it works#

Adaptive ribbon#

The ribbon is a fast and a slow exponential average. Their lengths scale with an efficiency ratio: in clean, directional markets they shorten so the ribbon follows price; in choppy markets they lengthen, up to 1.6x the base, so it flips less on noise. The trend is up when the fast average is above the slow one.

Trend strength#

Each bar gets a score from 0 to 1 blended from the gap between the averages (in ATR), how efficiently price is moving, and, where volume exists, whether up-volume versus down-volume over 20 bars supports the trend. It reads Strong, Steady or Weakening.

Trend start#

After a cross, the new direction must survive the confirmation period (3 bars by default) with price closed on the correct side of the ribbon. Signals must alternate direction. Labels therefore appear a few bars after the cross: that's the cost of filtering out false starts.

Chop filter#

If the ribbon has flipped more than the allowed number of times (2) in the recent window (50 bars), the market is treated as chop. The ribbon keeps tracking, but no signals print until it settles.

Pullback#

Once a confirmed trend is at least 8 bars old, the script watches for price to reach into the ribbon by the chosen depth (40% of its width). When price closes back outside the ribbon on a candle in the trend direction, with strength at least Steady, a diamond prints.

How to use it#

• Read the ribbon first: colour for direction, brightness and aura for strength.
• Trend labels mark confirmed changes in direction.
• Diamonds mark continuation: the moments trend traders typically watch for re-entries.
• While price stays on the right side of the origin line, the move that started the trend hasn't been undone.
• Too few signals in ranges? Raise the chop filter's max flips. Too many diamonds? Raise the pullback depth or spacing.

Settings#

Alerts#

• New uptrend and New downtrend, on confirmation, with move quality in the message.
• Pullback in uptrend and Pullback in downtrend, with trend strength in the message.

Set alerts to "Once per bar close".