The Alchemy TrendCatcher Indicators are a powerful trend trading tool that are very easy to use and they will help you to stay in the right direction of any market move.

This indicator package contains a chart analysis indicator and a separate RadarScreen/Scanner indicator. These indicators combine 2 separate trend modules, the Alchemy TrendDirection module and the Alchemy Strong Trend module.

The TrendDirection module of these indicators identify the market trend on two separate time frames (for TradeStation 9 only) and calculate a logical trailing stop in order to stay with the trend for longer moves. We've developed a proprietary market trend and volatility algorithm that works in any market and on any time frame. The Alchemy TrendDirection trailing stop is self-adaptive to the market's current volatility, therefore minimizing the initial risk while staying with the trend. With this TrendDirection, you will never miss a big market move.

The Alchemy Strong Trend module is a strong trend detector, signaling the strength of a developing trend and increasing the reliability of a follow through of a previous reversal or breakout. When a strong trend is detected, the indicators 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, it catches all major market moves.

The Alchemy TrendCatcher RadarScreen/Scanner indicator allows you to sort and scan for markets that are within an entry zone or display a strong trend.

Our Alchemy TrendCatcher indicators can be used on any market and for any trading style.

We added a 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.  For optimal use on candle stick charts, this feature also offers complete color control for up candles and down candles

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