#### **Overview** The **Crypto Half-Trend Pro [Enhanced]** is a trend-following indicator designed to identify bullish and bearish market conditions using a combination of **moving averages, volatility adjustments, and dynamic ATR bands**. This enhanced version improves on the traditional Half-Trend system by incorporating **EMA smoothing, volatility-based adjustments, and additional fakeout/reversal detection mechanisms**.
#### **Key Features** ✅ **Trend Detection:** - Uses a combination of fast and slow moving averages (EMA/SMA) to determine trend direction. - Implements **Hull Moving Average (HMA)** smoothing for better trend visualization.
✅ **Dynamic ATR Bands:** - Adjusts bands based on market volatility using **RSI-based ATR multipliers**. - Helps identify potential **breakouts and trend reversals**.
✅ **Fakeout & Reversal Detection:** - Detects potential **fake breakouts** by analyzing price action against extended ATR bands. - Identifies **early reversal signals** using price crossovers and volume confirmation.
✅ **Customizable Alerts & Visuals:** - Built-in **buy & sell signals** for trend confirmation. - Color-coded bullish/bearish trend lines and **fakeout warnings**. - **TradingView alerts** for trend shifts and reversals.
#### **How It Works** 🔹 The indicator calculates a **smoothed trend line** using a Hull Moving Average on dynamic price levels. 🔹 ATR bands expand/contract dynamically based on **market volatility** to improve signal accuracy. 🔹 Trend direction is confirmed when price crosses the trend line **with volume confirmation**. 🔹 **Fakeouts** are detected when price temporarily exceeds extended bands but fails to hold momentum. 🔹 **Reversal signals** are generated when price breaks back into the ATR zone with volume spikes.
#### **How to Use It** - 📈 **Buy Signal:** When price breaks above the trend line, confirmed by volume and crossover signals. - 📉 **Sell Signal:** When price breaks below the trend line with confirmed bearish conditions. - 🚨 **Reversal Warning:** If price sharply re-enters the ATR zone with volume confirmation, expect a potential trend shift. - 🛑 **Fakeout Alert:** If price temporarily breaks resistance but closes back inside, it may be a false move.
No verdadeiro espírito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam compreendê-lo e analisá-lo. Parabéns ao autor! Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.