This indicator is specifically designed for backtesting and forward testing on TradingView, helping traders analyze market trends and test strategies effectively. By combining dynamic trend analysis with advanced filtering mechanisms, it offers reliable and actionable signals while eliminating redundant or misleading alerts. The tool is tailored for adaptive performance across different market conditions, ensuring a seamless experience for trend analysis and strategy evaluation.
Key Features:
1. Dynamic Moving Average (Dynamic EMA):
A moving average that adjusts its length dynamically based on normalized price changes and acceleration factors.
Provides enhanced sensitivity during volatile conditions and stability during slower markets.
2. Trend Speed Histogram:
Displays the difference between the current price and a long-term moving average (trend speed).
Color-coded visualization:
Green: Indicates upward momentum.
Red: Indicates downward momentum.
3. Sideways Market Filter:
Integrates the Average Directional Index (ADX) and price range filters to detect trending conditions.
Filters out signals in sideways or choppy market conditions for better accuracy.
4. Advanced Signal Filtering:
Generates buy and sell signals only when specific conditions are met:
The market is trending.
The price is sufficiently distant from the dynamic EMA (to avoid false signals near the mean).
The trend speed changes direction (visible in the histogram's color change).
Ensures no duplicate signals are generated, reducing clutter and increasing reliability.
5. Customizable Signal Visualization:
Offers flexibility in how buy and sell signals are displayed:
Choose between arrows or labels for visual clarity.
Fully configurable colors for histogram, signals, and trendline to match your preference.
6. Enhanced User Inputs:
Adjustable parameters for precise control over trend and range filtering:
ATR length for volatility assessment.
ADX thresholds for trend strength detection.
Fine-tune the responsiveness of the dynamic EMA with customizable length and acceleration multiplier settings.
Use Cases:
Backtesting Strategies: Evaluate historical performance of trading strategies under varying market conditions.
Forward Testing: Monitor real-time market conditions and validate trading hypotheses.
Trend Analysis: Identify and confirm trends with advanced filtering to minimize noise.
Signal Optimization: Reduce false signals and focus on high-probability trades by leveraging enhanced filters.