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White Core Trend [wjdtks255]

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[Indicator Description]
White Core Trend [wjdtks255] is a trend-following indicator designed to strip away market noise and visualize the "Core Trend" of price action. It focuses on the essential relationship between price and a dynamic baseline to provide clear trading decisions.

White Core Line: Built on a responsive HMA (Hull Moving Average) logic, this line acts as the definitive trend filter. It reacts swiftly to price changes while maintaining a smooth trajectory to reduce false signals.

Intuitive Visual Signals: The indicator identifies trend exhaustion and reversal points by plotting triangle labels (▲/▼). These signals help traders maintain discipline and avoid emotional decision-making.

Minimalist Design: Optimized for clarity, the indicator eliminates unnecessary clutter like background colors or complex data overlays, keeping the focus strictly on the trend and entry levels.

[Trading Method]
As a core technical tool, this indicator is used to identify the market's direction and establish precise entry/exit benchmarks.

1. Entry Strategy

Long Entry: Enter when the price crosses above the White Core Line and a green triangle appears.

Short Entry: Enter when the price crosses below the White Core Line and a red triangle appears.

Note: Ensure the candle body closes decisively across the line to confirm the signal.

2. Position Management

Trend Following: Stay in the trade as long as the price remains on the correct side of the White Core Line.

Reference Point: Use the horizontal white "Entry" line as a visual anchor for your current position.

3. Exit & Stop Loss

Stop Loss: Exit immediately if the price crosses back over the White Core Line against your position.

Take Profit: Secure profits when the price reaches your target or when the trend starts to flatten out (sideways movement) near the core line.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.