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Strong Trend

 

The Alchemy Strong Trend Indicators use our Alchemy Bands indicator to detect strong trending markets and then identify possible entry points in the direction of the trend. Many traders feel frustrated when the market races strongly in one direction or the other and the trader is not “on board” riding the trend. The strong trend indicator was developed in response to this dilemma and can provide possible entry points in the direction of any strong trending market in any time frame.

When a strong trend is identified, the Alchemy Strong Trend indicator will paint the price bars cyan in the event of a bullish trend or magenta in the event of a bearish trend. A bullish strong trend is defined as price penetrating the upper band of the Alchemy Bands indicator. A bearish strong trend is defined as price penetrating the lower band of the Alchemy Bands indicator. Once the strong trend is identified and color-coded, a possible entry zone will pop up on your screen giving possible entry points in that trend. The entry zone is defined as the mid line and lower channel band in a bullish strong trend and the mid line and upper channel band in a bearish strong trend. The Alchemy Trend Entry indicator identifies the buy zone with a green and cyan band of dots. The green dot represents the first level of entry and the cyan dot represents the last entry level in a strong up trend. The Alchemy Strong Trend indicator paints the price bar green when price enters the “buy zone” in a strong up trend.  Vice versa, the Alchemy Trend Entry indicator identifies the sell zone with a red and magenta band of dots.  The red dot represents the first level of entry and the magenta dot represents the last entry level in a strong down trend. The Alchemy Strong Trend indicator paints the price bar red when price enters the “sell zone” in a strong downtrend.

The strong trend indicator is self-adaptive and responds to market volatility to adjust the potential entry points in real time. The strong trend indicator can be used in conjunction with other indicators to assist traders with identification of strong trends.

The Alchemy Trend Catcher indicator consists of charting indicators and a separate RadarScreen indicator. This indicator identifies the market trend and displays a logical trailing stop in order to stay with the trend for longer moves. With the Alchemy Trend Catcher, you will never miss a big market move. We've developed a proprietary market trend and volatility calculation that works in any market and on any time frame. This indicator will help you to stay in the right direction of any market move. The Alchemy Trend Catcher's trailing indicator is self-adaptive to the market's current volatility, therefore minimizing the initial risk while staying with the trend.  Our Alchemy Trend Catcher indicator is a powerful trend trading tool that is very easy to use.

Additionally to the Alchemy Trend Catcher, this indicator package uses the Alchemy Strong Trend Entry indicators as strong trend detectors.  They signal the strength of a developing trend and increase the reliability of a follow through of a previous reversal or breakout. When a strong trend is detected, the indicators color code the price bars and display an entry zone at a logical retracement area, which provides a better entry price into the direction of the new trend. This trend confirmation method eliminates a large percentage of whipsaws and filters out a significant amount of noise when the market is in a non-trending, consolidating phase. At the same time, they catch all major market moves.

The Alchemy Trend Catcher charting indicator paints the price bars cyan in an uptrend and magenta in a down trend, which provides an overall trend direction. A trailing line keeps a trailing distance that is self adaptive to the market's volatility. Once the market penetrates the trailing line, the trend changes and marks a market reversal. When the Alchemy Strong Trend Entry indicators detect a strong trending market after such a trend reversal, the price bars are colored with a thicker weight and separate dots display an entry zone. The most aggressive entry would be to enter the market when the thicker paint bars detect a strong trending market. A more conservative entry would be to enter into the direction of the trend when the market retraces back into the entry zone.

We added a new and unique feature to our paint bars using phantom plots that allow quick and easy access to the entire TradeStation color palette through the Format Color tab.  This feature also offers complete color control for up candles and down candles for optimal use on candle stick charts.

A separate RadarScreen indicator displays the trailing stop price and indicates if the market is in an up trend or in a down trend.  The Alchemy Trend CatcherRS RadarScreen indicator contains 3 columns. The first column displays the trailing stop price, the second column displays the up trend and the third column displays the down trend.

View Charts : Strong Trend
 

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Gap

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Intraday Time Zones

MACD Signal Line-%Ds Hook

Multiple Moving Averages Crossover

Open/High/Low/Close

Overbought/Oversold

Rolling Floor Traders Pivot Points

Strong Trend

Support & Resistance Pivot Points

Trailing Stop

Trend Catcher

Read More About

Bar Pattern Analysis

Breakout

Divergence

Engulfment & Reversal

Fibonacci Retracements

Floor Traders Mid Points

Floor Traders Pivot Points

Gap

High Low Mid Points

Intraday Time Zones

MACD Signal Line-%Ds Hook

Multiple Moving Averages Crossover

Open/High/Low/Close

Overbought/Oversold

Rolling Floor Traders Pivot Points

Strong Trend

Support & Resistance Pivot Points

Trailing Stop

Trend Catcher

 

     
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or recommended, and neither does or will review, certify, endorse, approve, disapprove or recommend, any trading
software tool that is designed to be compatible with the TradeStation Open Platform.

 

IMPORTANT INFORMATION:
Government regulations require disclosure of the fact that past performance, whether actual or indicated by historical tests of strategies or indicator methods, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options futures or forex); therefore, you should not invest or risk money that you cannot afford to lose. Any advisory or signal generated by Trading Alchemy indicators or strategies is provided for educational purposes only and any trades placed upon reliance on Trading Alchemy indicators or strategies are taken at your own risk for your own account. Consult your broker or advisor prior to making any investment decisions. The information made available on this Website is not an offer to buy or sell securities, securities derivative, futures products or off-exchange foreign currency (forex) transactions of any kind.  All proprietary technology of Trading Alchemy indicators and strategies is owned by Alchemy Trading Technologies, Inc.

 

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