Captain Trending [BETA]

21 Oca

Captain Trending [BETA]
Captain Trending [BETA] is a specialized hybrid indicator designed to generate Buy/Sell signals in line with the prevailing market trend or momentum. Unlike the SMC Hybrid approach, which focuses on spotting reversal points or liquidity zones, Captain Trending [BETA] aims to capture extended price moves by aligning trades with the broader direction of the market. This approach helps minimize noise from minor fluctuations and can potentially offer more stable opportunities for trend-following strategies.

Key Features
1. Intelligent Buy/Sell Signals
- Utilizes an internal logic to track and confirm trend continuity.
- Multiple signal formats (text or arrows) for clearer visualization on the chart.
2. Trend Filter
- A built-in trend filter line or cloud indicates bullish or bearish conditions.
- Encourages entries that follow the dominant market bias, increasing the likelihood of higher-probability setups.
3. Automated SL/TP Levels
- Recommends Stop Loss and Take Profit zones for disciplined risk management.
- Helps traders maintain consistency by removing guesswork from exit strategies.
4. Versatile Configuration
- Offers different signal types and templates to suit a variety of trading styles—from frequent signals to strict, trend-only setups.
- Simplified settings make it easy to customize without sacrificing performance.

Application and Best Practices
1. Follow the Main Trend
- Concentrate on signals aligned with the built-in trend filter to maximize risk-to-reward potential.
- Validate overall market direction by checking higher timeframes.
2. Multi-Timeframe Analysis
- Combine the indicator’s signals with multi-timeframe chart reviews for added confirmation.
- Top-down analysis can help ensure consistency between shorter-term trades and longer-term trends.
3. Consistent Risk Management
- Utilize the automated SL/TP levels to guide position sizing and maintain disciplined risk control.
- Adjust these levels based on individual risk tolerance and market conditions.
4. Ongoing Strategy Refinement
- While the indicator’s logic is adaptable, it is crucial to backtest or use a demo environment before going live.
- Fine-tune the settings for your preferred instruments and volatility conditions.

Risk Disclaimer
Captain Trending [BETA] is provided for informational and educational purposes only. All forms of trading involve significant risk, and this script may not be suitable for every investor. Always practice and validate your strategies in a demo account prior to live trading. The developer is not responsible for any financial losses incurred.

Captain Trending [BETA] focuses on identifying and capturing trend-based trading opportunities. By combining easy-to-read Buy/Sell signals, a robust trend filter, and automated SL/TP suggestions, it simplifies the process of managing trades in line with the market’s overall momentum. Thorough testing in demo conditions is recommended before integrating this indicator into a live trading strategy.

21 Oca

Sürüm Notları

Bug Fix

22 Oca

Sürüm Notları

Update (Version 0.2)
Bug Fixes & Improvements:
1. Label SL (Stop Loss)
o Redesigned the Stop Loss calculation to a static (fixed) approach, ensuring the SL label stays at one price once triggered and no longer shifts with new bars.
2. Candlestick Coloring
o Removed all bar-coloring code (barcolor/plotcandle). The script now does not override TradingView’s default candlestick colors in any way, so there is no separate toggle or menu setting required.