Market Trend Levels Detector [BigBeluga]

Market Trend Levels Detector [BigBeluga] is an trend-following tool that utilizes moving average crossovers to identify key market trend levels. By detecting local highs and lows after EMA crossovers, the indicator helps traders track significant price zones and trend strength.

🔵Key Features:

EMA Crossover-Based Trend Levels Detection:

• Uses a fast and slow EMA to detect market flow shifts.
  
• When the fast EMA crosses under the slow EMA, the indicator searches for the most recent local top and marks it with a label and horizontal level.
  
• When the fast EMA crosses over the slow EMA, it searches for the most recent local low and marks it accordingly.
  

Dynamic Zone Levels:

• Each detected high or low is plotted as a horizontal level, highlighting important price zones.
  
• Traders can extend these levels to observe how price interacts with them over time.
  
• If price crosses a level, its extension stops. Uncrossed levels continue expanding.
  

Gradient Trend Band Visualization:

• The trend band is formed by shading the area between the two EMAs.
  
• Color intensity varies based on volatility and trend strength.
  
• Strong trends and high volatility areas appear with more intense colors, making trend shifts visually distinct.
  

🔵Usage:

• Trend Identification: Use EMA crossovers and trend bands to confirm bullish or bearish momentum.
  
• Key Zone Mapping: Observe local high/low levels to track historical reaction points.
  
• Breakout & Rejection Signals: Monitor price interactions with extended levels to assess potential breakouts or reversals.
  
• Volatility Strength Analysis: Use color intensity in the trend band to gauge trend power and possible exhaustion points.
  
• Scalping & Swing Trading: Ideal for both short-term scalping strategies and larger swing trade setups.
  

Market Trend Levels Detector [BigBeluga] is a must-have tool for traders looking to track market flow, key price levels, and trend momentum with dynamic visual cues. It provides a comprehensive approach to identifying high-probability trade setups using EMA-based flow detection and trend analysis.