HalfTrend Signal Indicator

HalfTrend Signal Indicator

HalfTrend Signal is a trend-following indicator that identifies the market direction in real time and marks the exact moment of trend reversal with clear buy and sell arrows.

How it works

The indicator draws a dotted line directly on the price chart:
- Blue line — uptrend in progress
- Red line — downtrend in progress

When the line changes color, an arrow is plotted at the reversal bar:
- Green arrow ▲ — trend switched to bullish
- Red arrow ▼ — trend switched to bearish

Two signal modes

- Simple mode (default) — arrow fires at every HalfTrend reversal. Best for trend traders who want to catch every move.
- Filtered mode — signal requires EMA9/EMA20 alignment, a pullback to EMA20 and ADX confirmation. Best for traders who prefer fewer, higher-quality signals.

Key features

- Works on all symbols and timeframes
- No repainting — arrows are only plotted on closed bars
- Amplitude input controls how close the line stays to price (lower value = tighter)
- Show/hide controls for lines, buy arrows and sell arrows independently
- Live candle timer and trend direction panel
- Optional ADX filter to avoid signals in ranging markets

Inputs

┌───────────────────┬─────────────────────────────────────────────────────────┐
│     Parameter     │                       Description                       │
├───────────────────┼─────────────────────────────────────────────────────────┤
│ Amplitude         │ Distance of the HalfTrend line from price (default 1.0) │
├───────────────────┼─────────────────────────────────────────────────────────┤
│ ATR Period        │ ATR period used to calculate the line (default 14)      │
├───────────────────┼─────────────────────────────────────────────────────────┤
│ Show Arrows       │ Enable or disable all arrows                            │
├───────────────────┼─────────────────────────────────────────────────────────┤
│ Filter by EMA/ADX │ Switch between simple and filtered signal mode          │
├───────────────────┼─────────────────────────────────────────────────────────┤
│ Arrow Distance    │ Arrow offset from the bar high/low                      │
├───────────────────┼─────────────────────────────────────────────────────────┤
│ Max Candles       │ How many historical bars to display                     │
├───────────────────┼─────────────────────────────────────────────────────────┤
│ Show Lines        │ Show or hide the HalfTrend line                         │
├───────────────────┼─────────────────────────────────────────────────────────┤
│ Show Buy / Sell   │ Show or hide each arrow type independently              │
└───────────────────┴─────────────────────────────────────────────────────────┘
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