This is a ranging market, and it was identified
and filtered out by this indicator. How did it
do that, you may be thinking? Well, by using the
trend delta value—this number right here—as long
as it's less than 80%, the market is more likely
to be in a range rather than trending. This was

another ranging market which was identified and
filtered out by the same indicator because as you
can see the delta value was again less than 80%.
And the same thing goes for this ranging market:
the delta value is less than 80%.
The reason why I love this indicator

so much is because it not only identifies the
trend of the market as bullish and bearish,
but it also tells you when the market is ranging,
helping you to avoid false signals when trading.
In this video, we're going to go over exactly
what this indicator is. Let's get into it.

To get started with this indicator, you want to
go to TradingView. After you've loaded up any
trading security that you like in any time
frame, you want to click on the indicator
search tab and type in "Trend Levels." You
want to select this one by Chart Prime.

The Trend Levels indicator, by ChartPrime,
is a tool designed to help traders identify
key levels within the trends of the market. It's
also used to gauge the strength of these trends,
which is going to be directly applicable to how
this indicator filters out ranging markets. As

you can see, it's a super simple indicator,
which is made up of the following components.
First, we have the color-coded trend ribbon, which
is made up of a high-level line at the top and a
low-level line at the bottom. The high-level
line marks the highest price level within the

trend and often serves as a resistance level in an uptrend. Conversely, the low-level line marks the lowest price level within the trend and often serves as a support level in a downtrend. We also have the midline, which is a line that marks the middle level between the high and low lines, 

acting as a potential pullback or rejection zone.
Next, we have trend shift arrows, which are these green and purple arrows that are printed whenever the trend shifts from bearish to bullish and vice versa. As you can see here, a green arrow is printed when the trend transitions from 

bearish to bullish. Conversely, a purple arrow is printed whenever the trend shifts from bullish to bearish. Above, we have a table that shows you what symbol the indicator has been applied to, if you didn't already know. At the same time, we have the trend delta. For some reason, they just 

called it "trend," and then they put a value here in percentage to represent the strength of the trend, but per the description of this indicator, it's actually supposed to be called trend delta. So I'm going to be calling it trend delta.
In an uptrend, this delta value represents the 

percentage of candles that opened and closed above this midline. As you can see, it says 92.19%, meaning that throughout this bullish trend, from here to here, we had a few candles that closed below the midline, but the candles that opened and closed above it constituted a total of 92.19%. 

Now, for a bearish trend like this, you can see the trend delta is 74.52 percent, meaning that during this bearish trend that started right on this arrow, all the candles that opened and closed under the midline constituted 74.52 percent of the total candles within 

this bearish trend. When using this indicator to
identify bullish and bearish trends in the market, 
you want this number to be as high as possible
to guarantee success in your trades. For my
recommendation, you should always aim for
80 percent all the way to 100 percent. Okay,

speaking of trading with this indicator...
This indicator also changes the color of
the candles according to the trend of the market:
green for bullish trend, purple for bearish trend,
and a gradient of purple and green for
when the market is trending but with super

weak momentum. And these are areas where you
wouldn't want to be taking any positions. Next,
we're going to go over how we can use this
indicator to trade. But before we do that,
let's take a look at the settings. You can see
here we can change the length, which specifies

the lookback period used to calculate the highest
and lowest values, which then determine the trend
levels. And here we can change the up and
down colors. The silent tab allows you to
disable or enable any of these options. Click OK.
Using this indicator to trade is as

simple as this. To take a long trade:
Condition number one, we want to confirm
that the trend is bullish. To do that, you want to
ensure that these candles are colored bright green
like this to indicate a bullish trend. Condition
number two, we want to wait for a gap of at least

five candles and then have the price come back
down and retest the midline of the trend ribbon
with a wick. A gap of five candles basically
means that no candle should touch the midline
for at least five candles before the retest. Keep
in mind that the retest itself needs to be subtle.

So a candle can touch the midline with a wick, and then the price has to close back above the midline. But if a candle closes under the midline, then the next candle would need to close above the midline. Here are the three types of pullbacks that I found to work pretty well; take a look at them in case you need to remember them. For this particular trade, this is our pullback. Our last condition is to ensure that immediately after the pullback, the trend delta is at exactly 100%,

meaning that none of these candles during the uptrend open and closed under the midline, which basically means that this trend is strong enough to push the price in the direction of our trade. We enter a long position here, put the stop loss at the low-level line. The take profit is

going to be set at two times the risk, letting the trade run, and as you can see, it was profitable. This long position was valid because, as you can see, the trend was bullish, indicated by the bright green candles above the midline. At the same time,

we had a pullback that happened after a gap of five candles, which makes this pullback a valid pullback. Looking at the pullback candle itself, we can see that it touched the midline only with a wick. If we hide the indicator for a bit, we can see that it's a bullish candle, meaning

this is going to be our entry candle—no need to wait for any other candles. Lastly, you can see right here that the trend delta was at 100%. We take this trade here, stop loss at the bottom level, targeting two times the risk. As you can see, the trade was profitable.

Here was a short position. The trend was bearish, as indicated by the purple candles, and then we had a gap of several candles before the price did a pullback. The pullback was confirmed when this candle touched the midline with a wick. Lastly, we can see the trend delta was at 100%,

meaning this trend is strong enough to push the price down. We enter a short position here, with the stop loss at the upper level of the trend ribbon, targeting two times the risk, and as you can see, the trade was profitable.

So, by looking for a trend delta value of 100%, we are able to avoid trading when the market is ranging, because most of the time, during ranging markets, the delta value is often less than 100%—it usually goes as low as 10% or 20%. The indicator essentially helps us avoid ranging markets and only allows us to

capitalize on strong bullish or bearish momentum. Ladies and gentlemen, this is the Trend Levels indicator by ChartPrime, a comprehensive tool for visualizing key trend levels, assessing the strength of the trend, and identifying ranging or consolidating markets. If you want to check it

out, you can find it on TradingView. And remember, this video is not financial advice. That's been it for this video. I really hope you found some value. If you did, hit the like button below, and

consider subscribing to stay tuned. Thanks for watching, and I'll see you next time.

This Trend Indicator Also Filters Out Ranging Markets!

PineTrades

추세 레벨 인디케이터 및 레인지링 마켓 소개

이 지표는 추세 델타 값을 사용하여 범위가 넓은 시장을 식별하고 필터링합니다.

지표로 식별되는 범위 지정 시장의 예(델타 값 <80%).

이 지표는 강세, 약세 추세와 박스권 시장을 식별하여 잘못된 신호를 피합니다.

트레이딩뷰에서 차트 프라임의 '추세 수준'을 검색하여 인디케이터에 액세스합니다.

표시기는 색상으로 구분된 추세 리본(고점/저점 선, 중간선), 추세 이동 화살표, 추세 델타로 구성됩니다.

색상으로 구분된 추세 리본 설명: 고점 라인(저항), 저점 라인(지지), 중간 라인(하락/거부 구간).

추세 전환 화살표에 대한 설명(녹색은 강세에서 약세로 전환, 보라색은 약세에서 강세로 전환).

추세 델타에 대한 설명과 추세 강도에 대한 표현입니다.

상승 추세의 추세 델타: 캔들이 중간선 위에서 개장 및 종가된 비율입니다.

상승 추세의 추세 델타 예시(92.19%).

하락 추세의 추세 델타: 캔들이 중간선 아래에서 개장 및 종가되는 비율입니다.

권장: 성공적인 거래를 위해 80~100%의 추세 델타를 목표로 하세요.

인디케이터를 이용한 트레이딩 전략

캔들 색상은 시장 추세에 따라 변경됩니다(녹색은 강세, 보라색은 약세).

표시기 설정: 길이(룩백 기간), 색상 및 무음 탭 옵션.

매수 거래 조건: 강세 추세(밝은 녹색 캔들), 최소 5개 캔들 간격, 심지로 중간선 재테스트, 100% 추세 델타.

인디케이터를 사용한 성공적인 매수 및 매도 거래의 예와 그 조건.

결론 및 범위 지정 시장 피하기

100% 추세 델타를 사용하면 박스권 장세를 피할 수 있습니다(박스권 장세에서는 델타 값이 100% 미만인 경우가 많습니다).

추세 수준 표시기의 기능에 대한 요약입니다.

고지 사항: 동영상은 재정적인 조언이 아닙니다.

This Trend Indicator Also Filters Out Ranging Markets!

This Trend Indicator Also Filters Out Ranging Markets!

스크립트