Lumen Trend
- Indicators
- Version: 1.0
- Activations: 5
Introducing Lumen Trend, a multi-component trend analysis indicator that combines MACD momentum, RSI conditions, Wave Trend confirmation, and moving-average trend detection to identify potential BUY and SELL opportunities.
Lumen Trend uses three configurable trend meters alongside two additional moving-average trend bars to assess market direction. When all three primary meters align, the indicator generates a potential BUY or SELL signal, with optional Wave Trend crossover confirmation to refine entries.
Key Features:
- Three Configurable Trend Meters: Choose from seven detection methods, including MACD, Fast MACD, Mom Dad, RSI crossovers, RSI levels, and trend candles.
- Dual Moving Average System: Two additional trend bars with customizable EMA/SMA types, periods, and detection methods.
- BUY/SELL Signals: Identifies opportunities when all three primary trend meters establish fresh bullish or bearish alignment.
- Wave Trend Confirmation: Optional crossover confirmation within a configurable number of bars.
- Trend Strength Analysis: Classifies market conditions as Weak, Moderate, or Strong based on five trend bars.
- ATR-Based Trade Plan: Automatically calculates Entry, Stop Loss, and Take Profit using configurable ATR and Risk-to-Reward settings.
- Interactive Dashboard: Displays signals, market direction, trend strength, signal age, and trade-plan levels. The dashboard can be moved, resized, and minimized.
- Chart Visualization: Displays BUY/SELL markers and configurable Entry, Stop Loss, and Take Profit lines.
- Customizable Alerts: Provides popup notifications for new BUY and SELL signals.
- Signal Confirmation: Supports closed-candle signals by default, with an option to evaluate the currently forming candle.
- Lumen Trend brings multiple trend and momentum analysis methods together in one indicator, helping traders evaluate market alignment and identify potential entry opportunities across different trading instruments and timeframes.
Specifications:
- Designed for MetaTrader 5 (.ex5).
- Features three primary trend meters with seven detection methods.
- Includes two additional moving-average trend bars.
- Supports both EMA and SMA calculation methods.
- Offers optional Wave Trend confirmation.
- Generates BUY/SELL signals based on fresh trend alignment.
- Provides five-bar trend strength analysis.
- Calculates Entry, Stop Loss, and Take Profit levels using ATR.
- Features an interactive dashboard that can be dragged, resized, and minimized.
- Offers customizable chart markers, trade levels, and popup alerts.
- Supports multiple markets, including Forex, metals, indices, stocks, and cryptocurrencies.
Disclaimer: Trading involves risk. Always test the indicator on a demo account before using it in live trading.
Contact
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