HaLftrend Modified

HaLftrend Modified – Advanced Trend Detection, ATR Trailing Stops & Volume Profile

This robust script is a professional upgrade of the HalfTrend indicator, combining real-time trend identification, adaptive ATR-based trailing stops, and a powerful price/volume profile for a fully integrated trading decision suite. Perfect for active traders looking for precise entries, exits, and a deep understanding of price structure.

Core Features
HalfTrend Algorithm (Enhanced):

Detects market trends and reversals using high/low channel breakouts.

Plots dynamic HalfTrend lines directly on your chart, colored for bullish/bearish modes.

Buy and Sell arrows mark trend shifts, with optional on/off toggles.

Channel bands visualize the amplitude and deviation, aiding support/resistance analysis.

ATR Trailing Stop Suite:

Implements an ATR (Average True Range) trailing stop that self-adjusts to market volatility.

Automatically generates Buy and Sell signals when price crosses the trailing stop.

ATR extension signal identifies explosive breakouts—especially useful in fast markets.

Alerts available for all key events (trend change, trailing stop entries, ATR extensions).

Visual Volume Profile Overlay:

Builds a customizable volume profile or net order flow heatmap directly on your chart.

Color-coded, real-time bars let you spot demand/supply clusters, price acceptance, and rejection zones.

Dual modes: Comparison (buy vs. sell volume) or Net Order Flow (imbalances).

Fully adjustable appearance—colors, lookback, resolution, scaling, heatmap intensity, and more.

How to Use
Trend Following: Ride trends by entering on HalfTrend buy/sell signals, confirming with ATR trailing stop shifts.

Volume Analysis: Use the volume profile/heatmap as a powerful confluence tool for support/resistance and value areas.

Multi-Strategy: Ideal for scalping, Intraday , swing trading, or longer-term trend plays across all assets.