Traders Trend Dashboard

The Traders Trend Dashboard indicator is a comprehensive trend analysis tool that provides a multi-timeframe overview of market direction using moving average logic. By consolidating trend data from multiple intervals into a single visual dashboard, it allows traders to identify confluence and trend consistency across the market.

Usage

The dashboard displays symbols (🟢 for bullish, 🔴 for bearish, and ⚫️ for neutral) to indicate trend status based on the selected calculation method.

• Trend Confirmation: Traders can use the dashboard to find "confluence" where multiple timeframes align in the same direction, indicating a strong trend.
• Timeframe Flexibility: The tool supports a wide range of intervals from 1-minute scalping timeframes to Monthly swing trading timeframes.
• Visual Feedback: When the "Paint bars" setting is enabled, the chart candlesticks will change color to reflect the trend of the current timeframe, providing immediate visual feedback.
• Flat Detection: By enabling the "Try to catch flat" option, the indicator attempts to identify ranging markets, helping traders avoid false signals during low-volatility periods.

Details

The script offers two primary methods for trend identification:

1. Direction of a single EMA: The trend is determined by comparing the current EMA value to its previous value.
2. Comparison of two EMAs: The trend is determined by the crossover relationship between a short-term and long-term EMA.

The dashboard utilizes dynamic requests to fetch data from different timeframes efficiently. It also incorporates a Zero-Lag Exponential Moving Average (ZLEMA) and Symmetrically Weighted Moving Average (SMMA) logic for its optional flat-detection filter.

Settings

Bars Settings

• Paint bars?: Toggles candlestick coloring based on the detected trend.
• Try to catch flat?: Enables logic to detect ranging/neutral markets.
• Trend Colours: Customizable colors for uptrend, downtrend, and neutral states.

Table Settings

• Show header?: Displays titles for the dashboard columns.
• Show EMA value?: Displays the actual numerical value of the EMA within the table.
• Position / Size: Controls where the dashboard appears on the chart and the scale of the text.
• Trend Indicators: Allows users to change the emojis used for trend signals.

EMA Settings

• Trend identification approach: Selects between single EMA direction or dual EMA crossover.
• EMA length: Sets the period for the primary trend-tracking EMA.
• Additional EMA length: Sets the period for the second EMA (used in comparison mode).

Timeframe Settings

• Show [Timeframe]: Individual toggles for every timeframe from 1m to 1M to customize which rows appear in the dashboard.

FAQ

How do I interpret the neutral black circles? The black circles appear when the "Try to catch flat" setting is enabled and the price action lacks sufficient impulse or trend strength to be categorized as bullish or bearish.

Can I change the moving average periods for the dashboard? Yes, you can adjust the EMA lengths in the "EMA Settings" group. These changes will be applied across all timeframes displayed in the dashboard.

How can I access this tool? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.