Trend Classifier [ChartPrime]

Trend Classifier [ChartPrime]

This is a multi-level trend classification tool that detects bullish, bearish, and ranging conditions using an adaptive smoothing method. It highlights trend strength through color-coded candles and layered bands, making it easy to interpret market momentum visually.

⯁ KEY FEATURES

• Classifies trend strength using 3 bullish and 3 bearish levels relative to an adaptive trend line.
  
• Neutral (range) zones are marked when price stays between key bands, often signaling low volatility or consolidation.
  
• Automatically filters band visibility based on current trend direction:
  
• In uptrends, only levels below the price are displayed.
  
• In downtrends, only levels above the price are shown.
  Color-coded candles:
• Aqua candles for bullish conditions.
  
• Red candles for bearish conditions.
  
• Orange candles during neutral or ranging conditions.
  
• Includes a trend direction change marker (diamond), plotted when a shift in trend is detected.
  
• Plots a central smoothed trend line to anchor the trend bands dynamically.
  
• Displays a trend strength dashboard in the top-right corner with real-time bull and bear scores (0 to 3).
  
• Labels with arrows (▲/▼) show current trend direction and strength on the chart.
  

⯁ HOW TO USE

• Use bull and bear levels (1–3) to assess the momentum of the current trend.
  
• When bull = 0 and bear = 0, market is considered ranging or consolidating – consider fading or waiting for breakout confirmation.
  
• Trend bands can be used as dynamic support/resistance during trending phases.
  
• Monitor the trend change diamonds to spot potential early reversals.
  
• Combine with volume or oscillator tools for confirmation of strength shifts.
  

⯁ CONCLUSION
Trend Classifier [ChartPrime] helps traders stay aligned with the dominant trend while visually breaking down market momentum into levels. Its clean color-coded design and strength dashboard make it ideal for both trend following and range trading strategies.