OPEN-SOURCE SCRIPT
🎯 🥇 RMBS Smart Detector [FREE] - Trend Filter
# RMBS Smart Detector [FREE] - Trend Filter
## 📊 What It Does
A technical analysis tool that identifies potential market reversals using ADX-based trend filtering. Designed to help traders understand market structure and momentum shifts through visual markers on the chart.
## 🎯 Key Features
• **Trend Detection**: Identifies potential directional changes in price action
• **ADX Filtering**: Eliminates low-conviction setups during ranging conditions (default threshold: 25)
• **Alternating Markers**: Displays clear visual transitions between uptrend and downtrend detection
• **No Repainting**: All markers are finalized on bar close - what you see is what you get
• **Multi-Asset**: Compatible with Forex pairs, Cryptocurrencies, Stocks, and Indices
## ⚙️ Technical Approach
The detector combines multiple analytical components:
1. **Momentum Analysis**: RSI-based calculations to identify potential exhaustion points
2. **Trend Strength**: ADX (Average Directional Index) to filter out weak market conditions
3. **State Logic**: Ensures alternating detection patterns for clarity
4. **Volume Awareness**: Incorporates volume data when available (crypto/stocks)
## 🔧 Customizable Settings
• ADX Threshold (default: 25)
• RSI Period (default: 14)
• Signal Display Options
• Color Schemes
• Alert Preferences
📚 Educational Purpose
This indicator serves as an analytical companion for:
Studying price action patterns
Understanding momentum dynamics
Practicing technical analysis skills
Backtesting trading concepts
Learning trend identification methods
Perfect for both beginners learning chart analysis and experienced traders seeking confirmation tools.
🖥️ How to Use
Add indicator to your chart
Adjust ADX threshold based on your market (higher = stricter filtering)
Observe markers appearing on confirmed bar closes
Use markers as one component of your broader analysis
Combine with your preferred risk management approach
📈 Best Timeframes
Forex: 15m, 1H, 4H
Crypto: 15m, 1H, 4H (best with volume data)
Stocks: 1H, 4H, Daily
Indices: 1H, 4H, Daily
Lower timeframes generate more frequent detections; higher timeframes provide stronger context.
⚠️ Important Notes
This is an analytical tool for educational purposes
Performs best on trending assets vs. choppy/ranging markets
ADX filter helps reduce false detections but no tool is perfect
Always practice proper risk management
Past performance does not guarantee future results
This indicator does not provide financial advice
🔄 Version Comparison
FREE Version (This Indicator):
✓ Core trend detection algorithm
✓ ADX filtering
✓ Basic customization
✓ All essential features
Premium Version (Upcoming):
✓ Everything in FREE, plus:
✓ Advanced risk level calculations
✓ Enhanced volume filtering for crypto
✓ Performance tracking dashboard
✓ Multi-timeframe synchronization
✓ Additional confirmation layers
💬 Support & Community
Questions? Suggestions?
Feel free to comment below or reach out via TradingView messages.
## 📊 What It Does
A technical analysis tool that identifies potential market reversals using ADX-based trend filtering. Designed to help traders understand market structure and momentum shifts through visual markers on the chart.
## 🎯 Key Features
• **Trend Detection**: Identifies potential directional changes in price action
• **ADX Filtering**: Eliminates low-conviction setups during ranging conditions (default threshold: 25)
• **Alternating Markers**: Displays clear visual transitions between uptrend and downtrend detection
• **No Repainting**: All markers are finalized on bar close - what you see is what you get
• **Multi-Asset**: Compatible with Forex pairs, Cryptocurrencies, Stocks, and Indices
## ⚙️ Technical Approach
The detector combines multiple analytical components:
1. **Momentum Analysis**: RSI-based calculations to identify potential exhaustion points
2. **Trend Strength**: ADX (Average Directional Index) to filter out weak market conditions
3. **State Logic**: Ensures alternating detection patterns for clarity
4. **Volume Awareness**: Incorporates volume data when available (crypto/stocks)
## 🔧 Customizable Settings
• ADX Threshold (default: 25)
• RSI Period (default: 14)
• Signal Display Options
• Color Schemes
• Alert Preferences
📚 Educational Purpose
This indicator serves as an analytical companion for:
Studying price action patterns
Understanding momentum dynamics
Practicing technical analysis skills
Backtesting trading concepts
Learning trend identification methods
Perfect for both beginners learning chart analysis and experienced traders seeking confirmation tools.
🖥️ How to Use
Add indicator to your chart
Adjust ADX threshold based on your market (higher = stricter filtering)
Observe markers appearing on confirmed bar closes
Use markers as one component of your broader analysis
Combine with your preferred risk management approach
📈 Best Timeframes
Forex: 15m, 1H, 4H
Crypto: 15m, 1H, 4H (best with volume data)
Stocks: 1H, 4H, Daily
Indices: 1H, 4H, Daily
Lower timeframes generate more frequent detections; higher timeframes provide stronger context.
⚠️ Important Notes
This is an analytical tool for educational purposes
Performs best on trending assets vs. choppy/ranging markets
ADX filter helps reduce false detections but no tool is perfect
Always practice proper risk management
Past performance does not guarantee future results
This indicator does not provide financial advice
🔄 Version Comparison
FREE Version (This Indicator):
✓ Core trend detection algorithm
✓ ADX filtering
✓ Basic customization
✓ All essential features
Premium Version (Upcoming):
✓ Everything in FREE, plus:
✓ Advanced risk level calculations
✓ Enhanced volume filtering for crypto
✓ Performance tracking dashboard
✓ Multi-timeframe synchronization
✓ Additional confirmation layers
💬 Support & Community
Questions? Suggestions?
Feel free to comment below or reach out via TradingView messages.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.