TrendMaster Pro 2.3 with Alerts

The TrendMaster Pro 2.3 with Alerts indicator is a comprehensive trend analysis and risk management tool designed to provide filtered trading signals across specific market sessions. It integrates multiple technical confirmation layers, including moving average crossovers, volatility filters, and momentum oscillators, to identify high-probability trend directions while managing risk through automated position sizing and session-based trade limits.

Usage

The Usage section describes how the script can be used to navigate different market conditions and manage trading activity:

• Trend Identification: Use the configurable Moving Average (MA) system to identify primary trend shifts. The script plots a short-term (9-period) and long-term (21-period) MA; crossovers serve as the base for buy and sell signals.
• Session-Based Trading: The tool divides the trading day into four distinct sessions (Asia, London, NY AM, NY PM). You can enable or disable trading for specific sessions and set maximum trade counts for each to prevent overtrading during low-liquidity periods.
• Signal Filtering: To increase trade quality, the script employs several filters. For example, the ADX filter ensures trades are only taken when trend strength is above 25, while the Bollinger Bands filter prevents entries during periods of low volatility (sideways markets).
• Risk Management: The script automates stop-loss and take-profit levels. You can choose between percentage-based SL, MA cross-based SL, or band-based SL. The "Auto-Risk" feature dynamically calculates position size based on a dollar risk range (e.g., $150-$250).

Details

The script is constructed as a professional-grade strategy with a focus on confluence. It combines the following components:

• Multi-Confirmation Layer: Signals are only generated when the MA crossover aligns with the RSI momentum (above 55 for longs, below 45 for shorts), MACD positioning, and Stochastic levels.
• Higher Timeframe (HTF) Filter: An optional trend filter (default 50-period) can be enabled to ensure that lower timeframe signals are only executed if they align with the broader market trend.
• Support & Resistance (S/R) System: The script includes a robust pivot calculation engine supporting Traditional, Fibonacci, Woodie, Classic, DM, and Camarilla methods. These levels are plotted historically to provide visual context for potential price reversals or targets.
• Dynamic Band Power: It calculates high and low bands using different MA types to visualize price channels and volatility zones.

Settings

MA Settings

• MA Type: Select between EMA, SMA, or SMMA for signal generation.
• Short-Term / Long-Term MA Length: Defines the periods for the crossover system.

Support & Resistance

• Calculation Method: Choose the mathematical formula for pivot levels (e.g., Fibonacci, Woodie).
• Timeframe: Set the anchor timeframe for pivots (Daily, Weekly, or Auto-adjusting).
• Number of Historical Levels: Determines how many previous pivot sets remain visible on the chart.

Session Settings

• Session Time/Color: Customize the active hours and background highlighting for Asia, London, and NY sessions.
• Max Trades Per Session: Limits the number of entries allowed during a specific session window.
• Market Close Hour: Sets the time for automatic session closure.

Risk & Management

• Auto Risk: Enables dynamic position sizing based on a specified dollar risk amount.
• Risk/Reward Ratio: Sets the take-profit distance relative to the stop-loss.
• TP/SL Reached Limit: Stops the script from taking further trades after a certain number of wins or losses in a day.

FAQ

How do I use the session filters effectively? You can enable only the sessions with the highest liquidity (like London or NY AM) and set a "Max Trades Per Session" limit to protect your capital from overtrading in choppy conditions.

Can I use this for manual trading instead of a strategy? Yes, the script includes a comprehensive alert system. By enabling "Enable Alerts," you can receive notifications for buy/sell signals, as well as TP and SL hits, directly to your device.

How do I access TrendMaster Pro 2.3 with Alerts? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.