DOCS MENU

Home

Trendmaster Clusters

Description

Trendmaster Clusters are a visual representation of either “Overbought” or “Oversold” conditions as per that timeframe. The Red Dots will appear above the bars on your chart as the Price goes up and gradually go from very opaque to very dense colored Red as the “Overbought” condition increases. Conversely, the Green Dots will appear below the bars as price goes down and gradually goes from very opaque to very dense colored Green as the “Oversold” condition increases. The brighter and less opaque these dots become the closer we get to being either fully overbought or oversold which would indicate that price should reverse. These groups of dots are referred to as Clusters and are often used as a way to find tops and bottoms based on your timeframe. The Clusters are excellent indicators of where to take profit if you are already in a position or look to take a reversing signal.

Oversold Cluster

Overbought Cluster

As the price on the trading pair you are looking at on your chart continuously decreases than that trading pair will become more and more “Oversold". The more “Oversold” something is, the greater the chance that price will sharply make a reversal, resulting in a “Local Bottom”. These Bottoms are great spots for a potential reversal in the Price Action.

As the price on the trading pair you are looking at on your chart continuously increases then that trading pair will become more and more “Overbought”. The more “Overbought” something is, the greater the chance that price will sharply make a reversal, resulting in a “Local Top”. These Tops are great spots for a potential reversal in the Price Action.

How to use

When you have multiple bars that have Green “Oversold” or Red “Overbought” dots grouped we call this a cluster. These clusters are great spots for taking some profit if you are already in a position or can act as extra confirmation if you are looking to enter a position. Can also be used as a “Compounding Signal” in taking both longs and shorts

Settings

Trendmaster clusters are adjustable per time frame with four separate settings. The visibility, length, oversold threshold, and overbought threshold call all be adjusted. The Clusters can also be adjusted for more clusters appearing or fewer Clusters appearing as per each timeframe and this is done by setting the levels for overbought and oversold. The higher the oversold threshold the more often and quickly the oversold clusters (green dots) appear. And the lower the overbought threshold the more often and quickly the overbought clusters (red dots) appear.

Indicator Settings

Style Settings

Hull

The Hull (Hull Moving Average) is a directional trend indicator. It captures the current state of the market and uses recent price action to determine if conditions are bullish or bearish relative to historical data. Developed by Alan Hull, it is an extremely fast and smooth-moving average that we will refer to as the Hull Band. In fact, the Hull almost eliminates lag altogether and manages to improve smoothing at the same time. Generally speaking, the Hull is used with values between 9 and 18. The lower the value the tighter and more choppy the Hull Band becomes. Conversely, the greater the value the more smooth and less choppy the Hull Band becomes. 

Signal Settings

Style Settings

MAs

The MAs or Moving Averages are Simple Moving Averages (SMAs) that are toggled at different lengths to help guide signals fired by the Hull. The 2 moving averages work on crossing values. So for example, if you have a Fast SMA of 5 and a Slow MA of 8, a signal will fire when they cross and in relation to the Hull as well as any other inputs you have used to generate signals. We recommend using no more than a value of 12 for the Fast SMA length and no more than a value of 26 for the Slow SMA Length. The closer and lower the signal values are the faster the signals will fire and the further the values are and higher the number the more sparse the values will fire. Generally speaking, the default settings are around 5 for the Fast SMA and 8 for the Slow SMA.

Signal Settings

Style Settings

ADX

ADX stands for Average Directional Movement Index and can be used to help measure the overall strength of a trend. The ADX indicator is an average of expanding price range values. Although the Core Signals Indicator has rather low values for the ADX, they can be greatly increased to only fire signals when the Price Action is trending. The ADX acts to smooth the signals and prevent chop by cancelling out signals that are not trending.

Signal Settings

Style Settings

OCC-TSI

OCC is also known as the Open Close Cross indicator is a multipurpose moving average cross indicator that is primarily designed for swing margin trading and scalping cryptocurrencies but can be adapted to a multitude of high volatility assets. This is combined with the TSI also known as the True Strength Indicator. These come with preset values that use Moving Average crossing values combined with our own calculation of the True Strength Indicator. This is used primarily either in combination with the HULL or as a stand-alone calculation to use for Scalping and other fast Price Action trading strategies.

Signal Settings

Style Settings

OCC-TSI

OCC is also known as the Open Close Cross indicator is a multipurpose moving average cross indicator that is primarily designed for swing margin trading and scalping cryptocurrencies but can be adapted to a multitude of high volatility assets. This is combined with the TSI also known as the True Strength Indicator. These come with preset values that use Moving Average crossing values combined with our own calculation of the True Strength Indicator. This is used primarily either in combination with the HULL or as a stand-alone calculation to use for Scalping and other fast Price Action trading strategies.

Signal Settings

Style Settings

Hull

The Hull (Hull Moving Average) is a directional trend indicator. It captures the current state of the market and uses recent price action to determine if conditions are bullish or bearish relative to historical data. Developed by Alan Hull, it is an extremely fast and smooth-moving average that we will refer to as the Hull Band. In fact, the Hull almost eliminates lag altogether and manages to improve smoothing at the same time. Generally speaking, the Hull is used with values between 9 and 18. The lower the value the tighter and more choppy the Hull Band becomes. Conversely, the greater the value the more smooth and less choppy the Hull Band becomes. 

Signal Settings

Style Settings

MAs

The MAs or Moving Averages are Simple Moving Averages (SMAs) that are toggled at different lengths to help guide signals fired by the Hull. The 2 moving averages work on crossing values. So for example, if you have a Fast SMA of 5 and a Slow MA of 8, a signal will fire when they cross and in relation to the Hull as well as any other inputs you have used to generate signals. We recommend using no more than a value of 12 for the Fast SMA length and no more than a value of 26 for the Slow SMA Length. The closer and lower the signal values are the faster the signals will fire and the further the values are and higher the number the more sparse the values will fire. Generally speaking, the default settings are around 5 for the Fast SMA and 8 for the Slow SMA.

Signal Settings

Style Settings

ADX

ADX stands for Average Directional Movement Index and can be used to help measure the overall strength of a trend. The ADX indicator is an average of expanding price range values. Although the Core Signals Indicator has rather low values for the ADX, they can be greatly increased to only fire signals when the Price Action is trending. The ADX acts to smooth the signals and prevent chop by cancelling out signals that are not trending.

Signal Settings

Style Settings

OCC-TSI

OCC is also known as the Open Close Cross indicator is a multipurpose moving average cross indicator that is primarily designed for swing margin trading and scalping cryptocurrencies but can be adapted to a multitude of high volatility assets. This is combined with the TSI also known as the True Strength Indicator. These come with preset values that use Moving Average crossing values combined with our own calculation of the True Strength Indicator. This is used primarily either in combination with the HULL or as a stand-alone calculation to use for Scalping and other fast Price Action trading strategies.

Signal Settings

Style Settings

Hull

The Hull (Hull Moving Average) is a directional trend indicator. It captures the current state of the market and uses recent price action to determine if conditions are bullish or bearish relative to historical data. Developed by Alan Hull, it is an extremely fast and smooth-moving average that we will refer to as the Hull Band. In fact, the Hull almost eliminates lag altogether and manages to improve smoothing at the same time. Generally speaking, the Hull is used with values between 9 and 18. The lower the value the tighter and more choppy the Hull Band becomes. Conversely, the greater the value the more smooth and less choppy the Hull Band becomes. 

Signal Settings

Style Settings

MAs

The MAs or Moving Averages are Simple Moving Averages (SMAs) that are toggled at different lengths to help guide signals fired by the Hull. The 2 moving averages work on crossing values. So for example, if you have a Fast SMA of 5 and a Slow MA of 8, a signal will fire when they cross and in relation to the Hull as well as any other inputs you have used to generate signals. We recommend using no more than a value of 12 for the Fast SMA length and no more than a value of 26 for the Slow SMA Length. The closer and lower the signal values are the faster the signals will fire and the further the values are and higher the number the more sparse the values will fire. Generally speaking, the default settings are around 5 for the Fast SMA and 8 for the Slow SMA.

Signal Settings

Style Settings

ADX

ADX stands for Average Directional Movement Index and can be used to help measure the overall strength of a trend. The ADX indicator is an average of expanding price range values. Although the Core Signals Indicator has rather low values for the ADX, they can be greatly increased to only fire signals when the Price Action is trending. The ADX acts to smooth the signals and prevent chop by cancelling out signals that are not trending.

Signal Settings

Style Settings

OCC-TSI

OCC is also known as the Open Close Cross indicator is a multipurpose moving average cross indicator that is primarily designed for swing margin trading and scalping cryptocurrencies but can be adapted to a multitude of high volatility assets. This is combined with the TSI also known as the True Strength Indicator. These come with preset values that use Moving Average crossing values combined with our own calculation of the True Strength Indicator. This is used primarily either in combination with the HULL or as a stand-alone calculation to use for Scalping and other fast Price Action trading strategies.

Signal Settings

Style Settings

Trendmaster Clusters

Description

Trendmaster Clusters are a visual representation of either “Overbought” or “Oversold” conditions as per that timeframe. The Red Dots will appear above the bars on your chart as the Price goes up and gradually go from very opaque to very dense colored Red as the “Overbought” condition increases. Conversely, the Green Dots will appear below the bars as price goes down and gradually goes from very opaque to very dense colored Green as the “Oversold” condition increases. The brighter and less opaque these dots become the closer we get to being either fully overbought or oversold which would indicate that price should reverse. These groups of dots are referred to as Clusters and are often used as a way to find tops and bottoms based on your timeframe. The Clusters are excellent indicators of where to take profit if you are already in a position or look to take a reversing signal.

How to use

When you have multiple bars that have Green “Oversold” or Red “Overbought” dots grouped we call this a cluster. These clusters are great spots for taking some profit if you are already in a position or can act as extra confirmation if you are looking to enter a position. Can also be used as a “Compounding Signal” in taking both longs and shorts

How to Add an Alert

Hull

The Hull (Hull Moving Average) is a directional trend indicator. It captures the current state of the market and uses recent price action to determine if conditions are bullish or bearish relative to historical data. Developed by Alan Hull, it is an extremely fast and smooth-moving average that we will refer to as the Hull Band. In fact, the Hull almost eliminates lag altogether and manages to improve smoothing at the same time. Generally speaking, the Hull is used with values between 9 and 18. The lower the value the tighter and more choppy the Hull Band becomes. Conversely, the greater the value the more smooth and less choppy the Hull Band becomes. 

Signal Settings

Style Settings

MAs

The MAs or Moving Averages are Simple Moving Averages (SMAs) that are toggled at different lengths to help guide signals fired by the Hull. The 2 moving averages work on crossing values. So for example, if you have a Fast SMA of 5 and a Slow MA of 8, a signal will fire when they cross and in relation to the Hull as well as any other inputs you have used to generate signals. We recommend using no more than a value of 12 for the Fast SMA length and no more than a value of 26 for the Slow SMA Length. The closer and lower the signal values are the faster the signals will fire and the further the values are and higher the number the more sparse the values will fire. Generally speaking, the default settings are around 5 for the Fast SMA and 8 for the Slow SMA.

Signal Settings

Style Settings

ADX

ADX stands for Average Directional Movement Index and can be used to help measure the overall strength of a trend. The ADX indicator is an average of expanding price range values. Although the Core Signals Indicator has rather low values for the ADX, they can be greatly increased to only fire signals when the Price Action is trending. The ADX acts to smooth the signals and prevent chop by cancelling out signals that are not trending.

Signal Settings

Style Settings

OCC-TSI

OCC is also known as the Open Close Cross indicator is a multipurpose moving average cross indicator that is primarily designed for swing margin trading and scalping cryptocurrencies but can be adapted to a multitude of high volatility assets. This is combined with the TSI also known as the True Strength Indicator. These come with preset values that use Moving Average crossing values combined with our own calculation of the True Strength Indicator. This is used primarily either in combination with the HULL or as a stand-alone calculation to use for Scalping and other fast Price Action trading strategies.

Signal Settings

Style Settings

OCC-TSI

OCC is also known as the Open Close Cross indicator is a multipurpose moving average cross indicator that is primarily designed for swing margin trading and scalping cryptocurrencies but can be adapted to a multitude of high volatility assets. This is combined with the TSI also known as the True Strength Indicator. These come with preset values that use Moving Average crossing values combined with our own calculation of the True Strength Indicator. This is used primarily either in combination with the HULL or as a stand-alone calculation to use for Scalping and other fast Price Action trading strategies.

Signal Settings

Style Settings

Hull

The Hull (Hull Moving Average) is a directional trend indicator. It captures the current state of the market and uses recent price action to determine if conditions are bullish or bearish relative to historical data. Developed by Alan Hull, it is an extremely fast and smooth-moving average that we will refer to as the Hull Band. In fact, the Hull almost eliminates lag altogether and manages to improve smoothing at the same time. Generally speaking, the Hull is used with values between 9 and 18. The lower the value the tighter and more choppy the Hull Band becomes. Conversely, the greater the value the more smooth and less choppy the Hull Band becomes. 

Signal Settings

Style Settings

MAs

The MAs or Moving Averages are Simple Moving Averages (SMAs) that are toggled at different lengths to help guide signals fired by the Hull. The 2 moving averages work on crossing values. So for example, if you have a Fast SMA of 5 and a Slow MA of 8, a signal will fire when they cross and in relation to the Hull as well as any other inputs you have used to generate signals. We recommend using no more than a value of 12 for the Fast SMA length and no more than a value of 26 for the Slow SMA Length. The closer and lower the signal values are the faster the signals will fire and the further the values are and higher the number the more sparse the values will fire. Generally speaking, the default settings are around 5 for the Fast SMA and 8 for the Slow SMA.

Signal Settings

Style Settings

ADX

ADX stands for Average Directional Movement Index and can be used to help measure the overall strength of a trend. The ADX indicator is an average of expanding price range values. Although the Core Signals Indicator has rather low values for the ADX, they can be greatly increased to only fire signals when the Price Action is trending. The ADX acts to smooth the signals and prevent chop by cancelling out signals that are not trending.

Signal Settings

Style Settings

OCC-TSI

OCC is also known as the Open Close Cross indicator is a multipurpose moving average cross indicator that is primarily designed for swing margin trading and scalping cryptocurrencies but can be adapted to a multitude of high volatility assets. This is combined with the TSI also known as the True Strength Indicator. These come with preset values that use Moving Average crossing values combined with our own calculation of the True Strength Indicator. This is used primarily either in combination with the HULL or as a stand-alone calculation to use for Scalping and other fast Price Action trading strategies.

Signal Settings

Style Settings

Hull

The Hull (Hull Moving Average) is a directional trend indicator. It captures the current state of the market and uses recent price action to determine if conditions are bullish or bearish relative to historical data. Developed by Alan Hull, it is an extremely fast and smooth-moving average that we will refer to as the Hull Band. In fact, the Hull almost eliminates lag altogether and manages to improve smoothing at the same time. Generally speaking, the Hull is used with values between 9 and 18. The lower the value the tighter and more choppy the Hull Band becomes. Conversely, the greater the value the more smooth and less choppy the Hull Band becomes. 

Signal Settings

Style Settings

MAs

The MAs or Moving Averages are Simple Moving Averages (SMAs) that are toggled at different lengths to help guide signals fired by the Hull. The 2 moving averages work on crossing values. So for example, if you have a Fast SMA of 5 and a Slow MA of 8, a signal will fire when they cross and in relation to the Hull as well as any other inputs you have used to generate signals. We recommend using no more than a value of 12 for the Fast SMA length and no more than a value of 26 for the Slow SMA Length. The closer and lower the signal values are the faster the signals will fire and the further the values are and higher the number the more sparse the values will fire. Generally speaking, the default settings are around 5 for the Fast SMA and 8 for the Slow SMA.

Signal Settings

Style Settings

ADX

ADX stands for Average Directional Movement Index and can be used to help measure the overall strength of a trend. The ADX indicator is an average of expanding price range values. Although the Core Signals Indicator has rather low values for the ADX, they can be greatly increased to only fire signals when the Price Action is trending. The ADX acts to smooth the signals and prevent chop by cancelling out signals that are not trending.

Signal Settings

Style Settings

OCC-TSI

OCC is also known as the Open Close Cross indicator is a multipurpose moving average cross indicator that is primarily designed for swing margin trading and scalping cryptocurrencies but can be adapted to a multitude of high volatility assets. This is combined with the TSI also known as the True Strength Indicator. These come with preset values that use Moving Average crossing values combined with our own calculation of the True Strength Indicator. This is used primarily either in combination with the HULL or as a stand-alone calculation to use for Scalping and other fast Price Action trading strategies.

Signal Settings

Style Settings

Trendmaster Clusters

Description

Trendmaster Clusters are a visual representation of either “Overbought” or “Oversold” conditions as per that timeframe. The Red Dots will appear above the bars on your chart as the Price goes up and gradually go from very opaque to very dense colored Red as the “Overbought” condition increases. Conversely, the Green Dots will appear below the bars as price goes down and gradually goes from very opaque to very dense colored Green as the “Oversold” condition increases. The brighter and less opaque these dots become the closer we get to being either fully overbought or oversold which would indicate that price should reverse. These groups of dots are referred to as Clusters and are often used as a way to find tops and bottoms based on your timeframe. The Clusters are excellent indicators of where to take profit if you are already in a position or look to take a reversing signal.

How to use

When you have multiple bars that have Green “Oversold” or Red “Overbought” dots grouped we call this a cluster. These clusters are great spots for taking some profit if you are already in a position or can act as extra confirmation if you are looking to enter a position. Can also be used as a “Compounding Signal” in taking both longs and shorts

Settings

Trendmaster clusters are adjustable per time frame with four separate settings. The visibility, length, oversold threshold, and overbought threshold call all be adjusted. The Clusters can also be adjusted for more clusters appearing or fewer Clusters appearing as per each timeframe and this is done by setting the levels for overbought and oversold. The higher the oversold threshold the more often and quickly the oversold clusters (green dots) appear. And the lower the overbought threshold the more often and quickly the overbought clusters (red dots) appear.

Indicator Settings

Style Settings

Trendmaster Clusters

Description

Trendmaster Clusters are a visual representation of either “Overbought” or “Oversold” conditions as per that timeframe. The Red Dots will appear above the bars on your chart as the Price goes up and gradually go from very opaque to very dense colored Red as the “Overbought” condition increases. Conversely, the Green Dots will appear below the bars as price goes down and gradually goes from very opaque to very dense colored Green as the “Oversold” condition increases. The brighter and less opaque these dots become the closer we get to being either fully overbought or oversold which would indicate that price should reverse. These groups of dots are referred to as Clusters and are often used as a way to find tops and bottoms based on your timeframe. The Clusters are excellent indicators of where to take profit if you are already in a position or look to take a reversing signal.

How to use

When you have multiple bars that have Green “Oversold” or Red “Overbought” dots grouped we call this a cluster. These clusters are great spots for taking some profit if you are already in a position or can act as extra confirmation if you are looking to enter a position. Can also be used as a “Compounding Signal” in taking both longs and shorts

Settings

Trendmaster clusters are adjustable per time frame with four separate settings. The visibility, length, oversold threshold, and overbought threshold call all be adjusted. The Clusters can also be adjusted for more clusters appearing or fewer Clusters appearing as per each timeframe and this is done by setting the levels for overbought and oversold. The higher the oversold threshold the more often and quickly the oversold clusters (green dots) appear. And the lower the overbought threshold the more often and quickly the overbought clusters (red dots) appear.

Indicator Settings

Trendmaster Clusters

Description

Trendmaster Clusters are a visual representation of either “Overbought” or “Oversold” conditions as per that timeframe. The Red Dots will appear above the bars on your chart as the Price goes up and gradually go from very opaque to very dense colored Red as the “Overbought” condition increases. Conversely, the Green Dots will appear below the bars as price goes down and gradually goes from very opaque to very dense colored Green as the “Oversold” condition increases. The brighter and less opaque these dots become the closer we get to being either fully overbought or oversold which would indicate that price should reverse. These groups of dots are referred to as Clusters and are often used as a way to find tops and bottoms based on your timeframe. The Clusters are excellent indicators of where to take profit if you are already in a position or look to take a reversing signal.

How to use

When you have multiple bars that have Green “Oversold” or Red “Overbought” dots grouped we call this a cluster. These clusters are great spots for taking some profit if you are already in a position or can act as extra confirmation if you are looking to enter a position. Can also be used as a “Compounding Signal” in taking both longs and shorts

Settings

Trendmaster clusters are adjustable per time frame with four separate settings. The visibility, length, oversold threshold, and overbought threshold call all be adjusted. The Clusters can also be adjusted for more clusters appearing or fewer Clusters appearing as per each timeframe and this is done by setting the levels for overbought and oversold. The higher the oversold threshold the more often and quickly the oversold clusters (green dots) appear. And the lower the overbought threshold the more often and quickly the overbought clusters (red dots) appear.

Indicator Settings

Timeframe Settings

The SR Lines can be adjusted by intensity for each timeframe. First the SR High, Medium, and Low levels can be toggled to be on or off. Then the ATR Length, Multiplier, and Volume Threshold can be individually adjusted to change the frequency of the SR levels and the intensity to which they are plotted. 

Trendmaster Clusters

Description

Trendmaster Clusters are a visual representation of either “Overbought” or “Oversold” conditions as per that timeframe. The Red Dots will appear above the bars on your chart as the Price goes up and gradually go from very opaque to very dense colored Red as the “Overbought” condition increases. Conversely, the Green Dots will appear below the bars as price goes down and gradually goes from very opaque to very dense colored Green as the “Oversold” condition increases. The brighter and less opaque these dots become the closer we get to being either fully overbought or oversold which would indicate that price should reverse. These groups of dots are referred to as Clusters and are often used as a way to find tops and bottoms based on your timeframe. The Clusters are excellent indicators of where to take profit if you are already in a position or look to take a reversing signal.

How to use

When you have multiple bars that have Green “Oversold” or Red “Overbought” dots grouped we call this a cluster. These clusters are great spots for taking some profit if you are already in a position or can act as extra confirmation if you are looking to enter a position. Can also be used as a “Compounding Signal” in taking both longs and shorts

Settings

Trendmaster clusters are adjustable per time frame with four separate settings. The visibility, length, oversold threshold, and overbought threshold call all be adjusted. The Clusters can also be adjusted for more clusters appearing or fewer Clusters appearing as per each timeframe and this is done by setting the levels for overbought and oversold. The higher the oversold threshold the more often and quickly the oversold clusters (green dots) appear. And the lower the overbought threshold the more often and quickly the overbought clusters (red dots) appear.

Indicator Settings

Timeframe Settings

Trendmaster Clusters

Description

Trendmaster Clusters are a visual representation of either “Overbought” or “Oversold” conditions as per that timeframe. The Red Dots will appear above the bars on your chart as the Price goes up and gradually go from very opaque to very dense colored Red as the “Overbought” condition increases. Conversely, the Green Dots will appear below the bars as price goes down and gradually goes from very opaque to very dense colored Green as the “Oversold” condition increases. The brighter and less opaque these dots become the closer we get to being either fully overbought or oversold which would indicate that price should reverse. These groups of dots are referred to as Clusters and are often used as a way to find tops and bottoms based on your timeframe. The Clusters are excellent indicators of where to take profit if you are already in a position or look to take a reversing signal.

How to use

When you have multiple bars that have Green “Oversold” or Red “Overbought” dots grouped we call this a cluster. These clusters are great spots for taking some profit if you are already in a position or can act as extra confirmation if you are looking to enter a position. Can also be used as a “Compounding Signal” in taking both longs and shorts

Settings

Trendmaster clusters are adjustable per time frame with four separate settings. The visibility, length, oversold threshold, and overbought threshold call all be adjusted. The Clusters can also be adjusted for more clusters appearing or fewer Clusters appearing as per each timeframe and this is done by setting the levels for overbought and oversold. The higher the oversold threshold the more often and quickly the oversold clusters (green dots) appear. And the lower the overbought threshold the more often and quickly the overbought clusters (red dots) appear.

Indicator Settings

Trendmaster Clusters

Description

Trendmaster Clusters are a visual representation of either “Overbought” or “Oversold” conditions as per that timeframe. The Red Dots will appear above the bars on your chart as the Price goes up and gradually go from very opaque to very dense colored Red as the “Overbought” condition increases. Conversely, the Green Dots will appear below the bars as price goes down and gradually goes from very opaque to very dense colored Green as the “Oversold” condition increases. The brighter and less opaque these dots become the closer we get to being either fully overbought or oversold which would indicate that price should reverse. These groups of dots are referred to as Clusters and are often used as a way to find tops and bottoms based on your timeframe. The Clusters are excellent indicators of where to take profit if you are already in a position or look to take a reversing signal.

How to use

When you have multiple bars that have Green “Oversold” or Red “Overbought” dots grouped we call this a cluster. These clusters are great spots for taking some profit if you are already in a position or can act as extra confirmation if you are looking to enter a position. Can also be used as a “Compounding Signal” in taking both longs and shorts

Settings

Trendmaster clusters are adjustable per time frame with four separate settings. The visibility, length, oversold threshold, and overbought threshold call all be adjusted. The Clusters can also be adjusted for more clusters appearing or fewer Clusters appearing as per each timeframe and this is done by setting the levels for overbought and oversold. The higher the oversold threshold the more often and quickly the oversold clusters (green dots) appear. And the lower the overbought threshold the more often and quickly the overbought clusters (red dots) appear.

Indicator Settings

Trendmaster Clusters

Description

Trendmaster Clusters are a visual representation of either “Overbought” or “Oversold” conditions as per that timeframe. The Red Dots will appear above the bars on your chart as the Price goes up and gradually go from very opaque to very dense colored Red as the “Overbought” condition increases. Conversely, the Green Dots will appear below the bars as price goes down and gradually goes from very opaque to very dense colored Green as the “Oversold” condition increases. The brighter and less opaque these dots become the closer we get to being either fully overbought or oversold which would indicate that price should reverse. These groups of dots are referred to as Clusters and are often used as a way to find tops and bottoms based on your timeframe. The Clusters are excellent indicators of where to take profit if you are already in a position or look to take a reversing signal.

How to use

When you have multiple bars that have Green “Oversold” or Red “Overbought” dots grouped we call this a cluster. These clusters are great spots for taking some profit if you are already in a position or can act as extra confirmation if you are looking to enter a position. Can also be used as a “Compounding Signal” in taking both longs and shorts

Settings

Trendmaster clusters are adjustable per time frame with four separate settings. The visibility, length, oversold threshold, and overbought threshold call all be adjusted. The Clusters can also be adjusted for more clusters appearing or fewer Clusters appearing as per each timeframe and this is done by setting the levels for overbought and oversold. The higher the oversold threshold the more often and quickly the oversold clusters (green dots) appear. And the lower the overbought threshold the more often and quickly the overbought clusters (red dots) appear.

Indicator Settings

Terms & Conditions