TrendFilterCheck

Trend Filter Check - Dow Theory Based Trend Screener

【Eliminate Hesitation. The Ultimate Dow Theory Trend Filter】 Trend Filter Check is a highly effective, strictly rule-based environment recognition indicator. Based on Dow Theory and channel breakouts (Highest Highs / Lowest Lows over a specific period), it instantly determines whether the current market is dominated by buyers or sellers.

No complex analysis is required. Simply follow the "BUY ONLY ZONE" or "SELL ONLY ZONE" displayed on your chart. This tool physically prevents reckless counter-trend trading and overtrading, drastically improving your win rate and consistency.

【Three Core Features】

  1. Clear Zone UI: Constantly displays the market bias (Buy or Sell) on the top right of your chart, calculated strictly by the relation between the current price and the dynamic midline.

  2. Confirmed Close Filter (100% NON-REPAINT): To avoid fakeouts and market noise (wicks), the signal is evaluated ONLY on the confirmed closed bar. Once the zone is confirmed, it never repaints.

  3. Smart Alert System: Alerts you ONLY ONCE at the exact moment the trend shifts (on the first confirmed bar of the new zone). No annoying repetitive sounds. This frees you from endless chart staring.

【Highly Recommended For】

  • Traders who struggle with finding the correct daily/intraday trend bias.

  • Traders who want to stop counter-trend trading and reduce unnecessary losses.

  • Traders who want to free up their time and stop staring at charts all day.

【Parameters】

  • InpPeriod: Lookback period for trend calculation (Default: 75)

  • InpEnableAlert: Enable/Disable smart alerts on trend change

  • UI Settings: Fully customizable X/Y offset and Font Size

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Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With this update, you will be able to show double timeframe zones. You will not only be able to show a higher TF but to show both, the chart TF, PLUS the higher TF: SHOWING NESTED ZONES. All Supply Demand traders will love it. :) Important Information Revealed Maximize the potential of Advanced Supply
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