Trend Fading
The indicator breaks the move into ZigZag segments, catches trend exhaustion by volume and delta, and prints a counter-trend signal — an entry against a move that has run out of steam (fading).
Builds a ZigZag line across the extremes, marks out base trends and tags the peaks — for each segment it accumulates volume, delta, ticks. No manual chart markup.
Compares the current base trend with the previous one by the selected pattern — volume has dried up, delta is diverging or has flipped sign. Condition met — a counter-signal against the move.
Test mode runs the strategy over history: trades, profit, profit factor, win rate — profit logs tag P/L right on the chart.
In Divergence mode price prints a new high, but the segment's delta is weaker than the previous trend — the rally is fading. The entry condition is set by the mode (Volume · Divergence · Revers · AvVolume); direction is always read from the ▲/▼ shape, not the color.
Test mode runs the strategy over history with SL/TP in ticks, commission and slippage — the output is trades, profit factor, win rate. Profit logs tag P/L right next to closed trades.
Every move ≥ the Required Change threshold reverses the line and closes a segment — the skeleton of the structure, no manual markup.
For each closed segment it accumulates volume, delta, ticks, bars and places a peak marker at the extreme.
Current base trend vs the previous one by the selected pattern: lower volume · diverging delta · delta sign flipped · lower average volume.
Exhaustion condition met → an arrow against the move (▲ at the bottom / ▼ at the top) and a max-volume line.
A downward ZigZag segment closes with a peak marker at the bottom; that segment's cumulative volume is lower than the previous base trend — a sign of exhaustion. Then a ▲ LONG counter-signal and a max-volume line are drawn.
A falling ZigZag segment ran out of steam — volume lower than the previous trend; at the bottom a ▲ entry against the move goes in, stop below the bottom, take above. A decision based on ZigZag structure and volume, not emotion → +26 ticks.
You want to enter on a trend reversal, but not on gut feel: you need an objective sign that the move is exhausted — and structure markup without the manual work.
- Set the Volume pattern and the Required Change threshold (30% or in ticks), turn on the base lines
- Wait for a downward ZigZag segment where volume is lower than in the previous base trend
- At the ZigZag bottom you get a ▲ counter-signal + a max-volume line — the absorption point
- Verify entry/stop/take over history in test mode, then enter against the drop
Pattern mode, threshold and ZigZag calc method, minimum trend filter, display of signals and base lines, the max-volume line, test mode with risk and commission, alerts — tuned to your instrument and style.