Trend Score Stop Loss

vor 16 Stunden

Trend Score Indicator Guide

This indicator is designed for futures trading during RTH (Regular Trading Hours, 9:30–16:00 NY time). It’s an all-in-one bull/bear trend system with built-in stop loss logic — simple, objective, and always active.

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🔹 How Trend Score Works
• The trend score is calculated only during RTH and resets at the start of each new session.
• Each candle contributes to the score as follows:
• ✅ Breaks previous high → +1
• ❌ Breaks previous low → –1
• ⚖️ Breaks both high and low → 0 (–1 + 1 cancel out)
• 💤 Breaks neither high nor low → 0

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🔹 Determining the First Trend
• The first valid session trend is established when the cumulative score hits +3 or –3.
• +3 → Start of a Bull Trend
• –3 → Start of a Bear Trend

⚠️ Note: The indicator requires at least 3 candles to generate the first +3/–3 sequence.
👉 This means the first 3 minutes of the open (9:30–9:33) are ignored — a natural filter that avoids the most volatile/noisy part of the day.

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🔹 Stop Loss vs. Trend Change

These are two separate events:
• Stop Loss
• A stop level is drawn at the candle that initiated the +3 or –3 trigger.
• This line is only a visual suggestion — it does not force an exit.
• Real-world stop placement depends on your own discretion, factoring in position size, volatility, and strategy.
• Hitting this level does not automatically mean the trend is over.
• Trend Change
• The trend only reverses when the opposite direction accumulates 3 points.
• Example: In a Bull trend, the system flips to Bear only when a –3 sequence occurs (and vice versa).
• A trend change can happen before or without the stop loss ever being hit.

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🔹 Key Features
• ✅ Active only during RTH (9:30–16:00 NY) — no overnight distortions.
• 🔄 Auto-reset daily at the start of each session.
• 🟢🔴 Always in a trend — continuously switches between Bull and Bear.
• 🛡️ Stop loss marked visually — but final risk management is trader’s choice.
• ⏳ Avoids first 3 minutes of open — naturally filters volatility & false signals.

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✨ In short:
The Trend Score Indicator transforms simple high/low breaks into a rule-based trend framework. You’ll always know if the market is in a bull or bear phase, where the suggested stop loss lies, and when a true trend reversal occurs — while still leaving risk management decisions in your hands.

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For better user experience:

Deselect danger score, delta per bar, slope m10, panel label in the style tap. These are used for the calculation purpose only.

You can also change your session time to 1800 to 1600, however it may not work well in ETH session.

vor 1 Stunde

Versionshinweise

Minior Update:

Stop loss is handle by two ways: pivot trend score or absolute pivot price.

Most of the time, they are the same.

However, in small range choppy market, pivot trend score stop loss gives you a tighter stop loss as it traces back to the candle with the pivot trend score highest or lowest at the session.

Avoid use pivot trend score if the market is choppy and range is super tight.

Absolute price will be better if market is tight.

If market range is super big with many huge candles, pivot trend score give you a better stop loss.

If you are a beginner, use absolute price as it gives you the most direct readout where stop loss is placed.

https://www.tradingview.com/x/rUMGoA4Y/

https://www.tradingview.com/x/bz1c19eZ/

Another update：

add an option to wait candle close to confirm trend

Removed some other useless calculation purpose only setting from previous version

vor 1 Stunde

Versionshinweise

Trend score stop loss


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Absolute price stop loss

vor 42 Minuten

Versionshinweise

chart updated with explanation of the logic behind the trend score