TREND FINDER
Introduction
This ultimate GNP GYANN TRADE Indicator helps traders identify trends in the market based on some complex calculations and specific price action thresholds. It not only provides trends for the overall market but also for each of the major NSE sectors. Its purpose is to assist in timing market entries and exits, thereby enhancing trading efficiency and profitability.
About the Indicator
This is a must-have Trading View indicator for both equity and option traders that offers clarity on trend direction, making it easier to determine optimal buy and sell points. This is purely an intraday indicator and it helps traders react swiftly to market changes, improving their overall performance. Whether you’re trading stocks or options, this indicator can significantly boost your trading strategies.
Understanding the Indicator
There are signal dots on top of each candle with various colors that represent the current state of the market. Additionally, this information is provided in a table for clarity, where each color-coded dot corresponds to a particular market condition, making it easy to interpret trends both visually and in written form. Bellow are 5 phase of market
- Bullish – Green: Signals a bullish phase in the market.
- Neutral to Bullish – Aqua: Indicates a transition from neutral to bullish.
- Neutral – Yellow: Represents a neutral or indecisive phase.
- Neutral to Bearish – Orange: Signals a shift from neutral toward bearish conditions.
- Bearish – Red: Indicates a bearish phase in the market.
Use Cases:
- Equity Trading: Before entering into any stock, traders can leverage this indicator to assess the direction of the sector that stock belongs to and the overall market trend. This acts as a triple confirmation that enhances entry success rates.
- Options Trading: With insights from the indicator, traders can deploy various strategies. For instance, options sellers can execute credit spreads based on market trends. Meanwhile, non-directional traders may consider strangles or iron condors when the market is neutral for a longer period, optimizing their strategies accordingly.