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Trend detector HBS weekly v2.6

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This indicator aims to detect trends in a more efficient way than the first version.

There is now a pending signal mechanism. It is a buffer of a maximum period of 2 candles to confirm the signal. During the pending period, the investor should assess the state of the market and context.

The indicator does not repaint!

It offers the following options:


  • Confluence bars (in fushia) which signals smart money activity and important event.
    Consolidation channels and boxes that tracks low volatility and compression before a big move.
    Breakout bars from both consolidation box and its related channel (in green)
    Show important liquidity levels where some big volumes have occurred.
    Draw SMA 50, 100 and 200. Besides a custom length that user can introduce.
    Show filtered swing highs and lows based on close signal.





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Minor corrections.
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Added a better wick handling for reversals.
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  • Enhanced reversals based on in-house outside candles.
  • Allow confirmation signal if next two candles do not close below the symmetry of lac level (strong support)
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Optimized swing entries.
Added lac symmetrical level.
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Fixed minor bugs at extreme signal reversals.
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Minor correction: If a candle closes below the low or above the high of a pending candle in the other direction, unconfirm the signal immediately.
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Added Start bar detection pattern.
Added immediate confirmation for some down bars.
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3std volume
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Added confluence signals and adjusted the pin down to be in the highest close of the last bars.
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Removed a plotshape used for debug.
Added Reversal bar code but not used yet.
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Added consolidation boxes drawing. Works well with confluence bars breakout.
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Removed lookback periods from inputs
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Added consolidation channels and breakout from them.

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