The market always seems to be moving at random on a naked graph. Without knowing how to read the chart, it will be almost impossible to trade with profits.

This one indicator will show you the market trend and the change in market structure, giving traders an ultimate advantage in spotting the most favorable entry and exit opportunities.

Let’s see all the useful features that it offers.

1. Market Reversal Signals

The average reversal indicators take 10 bars to confirm the reversal pattern.

However, this indicator does what seems to be impossible, confirming reversals with one bar only.

Although signals could never be 100% accurate, with the other features included, traders could boost their trading win rate or accuracy to another level.

Try this indicator for free: https://tradedots.xyz/trial

2. Smart Trend

Smart Trend visualizes market direction onto your chart with a moving average as a reference.

It effortlessly interprets trends: Green backgrounds signal uptrends, which guides users away from short selling when the market is bullish.

In contrast, a red background highlights a market downtrend, preventing you from “buying the dip” in the high-selling market.

You could always tailor the trend to your trading style during the indicator settings.

3. Support and Resistance

Professional traders rely on support and resistance levels as their targets for strategic entries and exits.

These levels pinpoint price zones where historical buying and selling pressures converge, often leading to price reversals or breakouts.

For instance, in a bullish market, you could enter long positions when:

1. Price rebounds from a support level, indicating renewed buying pressure.
2. Price breaks out above a resistance level, signaling a potential trend continuation.

Dashed line = Short term support or resistance (Weaker)

Solid line = Long term support or resistance (Stronger)

4. Market Trend Panel

A dynamic display at the bottom right corner, confirms the market trend.

It is to use reversal signals to confirm the market trend first displayed in the background.

This indicator paints a stronger and longer-term trend picture.

With two market directions — “Uptrend” and “Downtrend” — it delivers clarity and confidence in navigating market movements.

5. Label Customization

There is flexibility for users to decide whether they want to simplify the signal labels.

Traders can simplify their signal labels by disabling the price tag or percentage tag, making it mobile-friendly.

Therefore, traders only focus on the essentials, having a cleaner, less cluttered chart, to concentrate solely on the crucial movements of candlesticks.

This is a Game Changer for Swing Traders

This indicator empowers part-time and busy traders with intuitive features that make understanding market trends and structure easier than ever.

By leveraging this indicator, you gain a significant edge over the competition, putting you 90% ahead of the game.

Join the community to get more stock watch alerts, strategies, and trading ideas.

Twitter: https://twitter.com/tradedots

YouTube: https://youtube.com/@tradedots/

Telegram: https://t.me/tradedots_official

About TradeDots

TradeDots is a TradingView indicator that identifies market reversal patterns through the implementation of quantitative trading algorithm on price actions. Try our 7-day FREE Trial to level up your trading game.

Set up your personalized trading alerts using our Telegram Bot, so you can now trade effortlessly without gluing to your screen. Join us now to experience TradeDots across all trading assets!

—

Disclaimer: The information provided in this article is for educational purposes only and should not be considered as financial advice. Trading involves risk, and it is important to conduct thorough research and seek professional guidance before making any investment decisions. Prospective investors are encouraged to perform their own due diligence or consult a financial advisor before making investment decisions.

‍