Trend Labs - Market Trend V2
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An advanced analysis tool for both new & advanced traders that will show you the Dynamic Weighted Trend with long & short labels. This tool was developed for higher timeframe, we recommend using it with 4h timeframe and higher. Market Trend V2 is the perfect tool for swing trading.
The Red & Green channel waves is a custom built Multi-ATR bands. This can be used to have a good overview overbought & oversold levels. Yellow line is a simple EMA200 for trend assistance in shorter timeframe trading. This can be changed at inputs to custom EMA also.
Our smart trend is built to show you trend reversal. We have also built in a custom label strategy that works best for swing trading in 4h timeframe or higher. If used the built in strategy in shorter timeframe its recommended to only work with the trend (ema200). Smart trend is built on multiple advanced algortihm to reflect the trend in thick/smaller line that changes color from red to green. Its recommended to work only with the bigger, thicker trend lines and not on the shorter smaller ones. Its recommended to use in the higher timeframe for swing trading 4h or higher. When used on lower timeframe should only trade with the trend (ema200).
The ribbons can also be used to signal potential trend changes when the price moves through the ribbons, or the ribbons cross each other.
The MTF Logarithmic Smart Trend is an index that displays the logarithmic & moving average lines into one with color change that indicates for trend reversals. This line works great together with our Dynamic Weighted Smart Trend. When Logarithmic crosses the Dynamic on the longer trends is a sign of trend reversal.
Moving average ribbons are a series of (MA) of different lengths that are plotted on the same chart to create a ribbon-like indicator. Traders can determine the strength of a by looking at the distance between the moving averages, as well as identify key areas of by looking at the price in relation to the ribbon.
