Terbo Lopez Trend Indicator

TERBO LOPEZ TREND INDICATOR - Pine Script v6
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📊 OVERVIEW

The Lopez Trend Indicator is a powerful trend-following system that helps traders identify market direction and potential entry/exit points. This indicator uses swing high/low analysis to detect trend changes and provides clear visual signals for trading decisions.


🎯 KEY FEATURES

✅ Dynamic Trend Detection - Automatically identifies bullish and bearish trends
✅ Visual Signals - Clear BUY/SELL arrows at trend reversal points
✅ Trend Line Support - Dynamic support/resistance lines that adapt to market conditions
✅ Background Coloring - Quick visual confirmation of current trend direction
✅ Customizable Alerts - Get notified when trends change
✅ Fully Customizable - Adjust colors, sensitivity, and display options


📈 HOW IT WORKS

The indicator calculates swing highs and lows over a specified period and monitors price action:

• BULLISH TREND: Triggered when price breaks above the recent swing high
• BEARISH TREND: Triggered when price breaks below the recent swing low

The trend line acts as dynamic support in uptrends and dynamic resistance in downtrends, helping traders manage positions and set stop-loss levels.


⚙️ SETTINGS & PARAMETERS

TREND LENGTH (Default: 10)
• Controls the sensitivity of trend detection
• Lower values = More sensitive, more signals (suitable for scalping/day trading)
• Higher values = Smoother trend, fewer signals (suitable for swing trading)

DISPLAY OPTIONS
• Show/Hide Buy/Sell Arrows
• Show/Hide Trend Lines
• Show/Hide Background Color
• Adjustable transparency levels

COLOR SETTINGS
• Fully customizable bullish/bearish colors
• Material Design color scheme by default


💡 TRADING STRATEGIES

1. TREND FOLLOWING
• Enter long when BUY signal appears
• Enter short when SELL signal appears
• Use trend line as trailing stop-loss

2. CONFIRMATION TOOL
• Combine with other indicators (RSI, MACD, Volume)
• Trade only in the direction of the trend
• Filter out counter-trend setups

3. SUPPORT/RESISTANCE
• Use trend line as dynamic support/resistance
• Look for price reactions at the trend line
• Identify potential breakout zones


⚠️ BEST PRACTICES

✓ Test different Trend Length settings for your timeframe and asset
✓ Combine with price action analysis for better entries
✓ Use proper risk management and position sizing
✓ Avoid trading during low liquidity or high impact news events
✓ Backtest the strategy on your preferred markets before live trading


🔔 ALERT SYSTEM

The indicator includes built-in alerts for:
• Bullish trend signals (uptrend starts)
• Bearish trend signals (downtrend starts)

Set up alerts through TradingView's alert system to never miss a trend change.


📊 COMPATIBLE MARKETS

• Forex (EUR/USD, GBP/USD, etc.)
• Cryptocurrencies (BTC, ETH, etc.)
• Stocks and Indices
• Commodities (Gold, Oil, etc.)
• All timeframes (1m to 1D+)


🔧 TECHNICAL DETAILS

• Version: Pine Script v6
• Type: Overlay Indicator
• Calculation: Swing High/Low Analysis
• Repainting: No repainting - signals appear on bar close


⭐ WHY USE THIS INDICATOR?

✓ Clean, uncluttered interface
✓ Easy to understand signals
✓ Highly customizable
✓ Works across all markets and timeframes
✓ No repainting - reliable signals
✓ Free and open source


📝 DISCLAIMER

This indicator is provided for educational and informational purposes only. It should not be considered financial advice. Trading involves substantial risk of loss and is not suitable for all investors. Past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance before trading.


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💬 FEEDBACK & SUPPORT

Found this indicator helpful? Please leave a like 👍 and comment below!

For questions, suggestions, or bug reports, feel free to comment or message.

Happy Trading! 📈💰

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TAGS: trend, trend-following, swing-trading, buy-sell-signals, support-resistance,
day-trading, scalping, alerts, overlay, no-repaint, lopez, trend-indicator