Trend Blaster

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The Trend Blaster is a trend-following tool designed to assist traders in capturing directional moves while managing entry, stop loss, and profit targets visually on the chart. Using EMA bands as the core trend direction method, this indicator dynamically identifies shifts in trend direction and provides structured exit points through customizable target levels.

IDEA
The Trend Blaster indicator’s concept is to simplify trade management by providing automated visual cues for entries, stops, and targets directly on the chart. When a trend change is detected, the indicator prints an up or down triangle to signal entry direction, plots customizable target levels for potential exits, and calculates a stop-loss level below or above the entry point. The indicator continuously adapts as price moves, making it easier for traders to follow and manage trades in real time.

KEY FEATURES & USAGE

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EMA Bands for Trend Detection: The indicator uses EMA bands to identify the trend direction. When price crosses above or below these bands, a new trend is detected and helps in triggering entry signals. The entry point is marked on the chart with a triangle symbol, which updates with each new trend change.
Levels are calculated using Previous day High, Low and Close. It makes a clear idea for signals

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Automated Targets and Stop Loss Management: Upon a new trend signal, the indicator automatically plots price targets and a stop loss level. These levels provide traders with structured exit points for potential gains and a clear risk limit. The stop loss is placed below or above the entry point, depending on the trend direction, to manage downside risk effectively.

CUSTOMIZATION
• Trend Length: Set the lookback period for the trend-detection EMA bands to adjust the sensitivity to trend changes.
• Targets Setting: Customize the number and spacing of the targets to fit your trading style and market conditions.
• Visual Styles: Adjust the appearance of labels, lines, and symbols on the chart for a clearer view and personalized layout.

CONCLUSION
The Trend Blaster indicator offers a streamlined approach to trend trading by integrating entry, target, and stop loss management into a single visual tool. With automatic tracking of target levels and stop loss hits, it helps traders stay focused on the current trend while keeping track of risk and reward with minimal effort.