Trend Catcher

Trend Catcher with Trade Statistics is a clean, high-precision trend-following tool designed to help traders stay confidently aligned with the market's dominant direction.

It avoids premature reversals by using an ATR-based confirmation model that waits for multiple bar validations before flipping trend direction — filtering out noise and false signals during consolidations.

Along with visually intuitive signals, the indicator also tracks and summarizes trade performance, giving traders real-time insights into their strategy's effectiveness.

💡 Key Features
🔹 Trend Detection
Uses ATR-based logic with confirmation bars (Flip Sensitivity) to determine real trend shifts.

Single-line trend display:

🔵 Blue = Uptrend

⚫ Black = Downtrend

Flips only when the market confirms, not just when price temporarily crosses the line.

🔹 Visual Feedback
🔼 / 🔽 labels on the chart with exact price of trend flips.

Smart spacing keeps the chart clean and legible.

🔹 Real-Time Alerts
Alerts when a new trend is confirmed (Uptrend or Downtrend).

Useful for automation, scalping alerts, or swing trade monitoring.

🔹 Built-in Performance Tracker
A summary table (top-right corner) displays performance over the last trades:

✅ Count of winning long trades

❌ Count of losing long trades

✅ Count of winning short trades

❌ Count of losing short trades

📊 Total PnL (point difference between entries and exits)

⚙️ Inputs
Setting Description
ATR Period Period used to calculate ATR
ATR Multiplier How far away the trend line sits from price
Flip Sensitivity Bars needed to confirm a new trend

🧑‍💻 Author
vineeth059