DCAquant

Trend Blaster Elite 2 {#100-#200 Top CMC} DCAquant

Trend Blaster Elite {#100-#200 Top CMC} by DCAquant

Description:

Trend Blaster Elite is an advanced technical analysis tool designed to provide comprehensive insights into market trends and potential trading opportunities. Developed by DCAquant for the top 100-200 coins listed on CoinMarketCap (CMC), this indicator combines a variety of metrics to assess trend direction, strength, and likelihood of reversal. By analyzing standard deviation, trend direction, trend strength, trend reversal probability, relative strength, Rate of Change (RoC), volume, and sentiment trend, Trend Blaster Elite offers traders a holistic view of market dynamics.

Key Features:

Standard Deviation Analysis: Measures the volatility of price movements to gauge market stability and potential risk.

Trend Direction Calculation: Utilizes slope calculation to determine the direction of the prevailing trend.

Trend Strength Assessment: Evaluates the strength of the current trend to assess its sustainability and potential for continuation.

Likelihood of Trend Reversal: Provides insights into the probability of a trend reversal based on historical price data.

Relative Strength Comparison: Compares the strength of the analyzed asset relative to other assets or benchmarks.

Rate of Change (RoC) Analysis: Computes the RoC score and 30-bar average RoC score to identify momentum shifts and potential trend accelerations.

Volume Analysis: Considers trading volume to confirm price movements and validate trend signals.

Sentiment Trend Monitoring: Tracks sentiment trends in the market to gauge investor sentiment and market psychology.

Final Performance Score: Combines relative strength and RoC Machine scores to provide a comprehensive performance metric for trading decisions.

Boss Score 5000: Calculates a relative strength comparison tournament score based on standard deviation, trend direction, strength, and reversal metrics.

Usage:

Traders can use Trend Blaster Elite to identify potential trend reversals, confirm trend continuations, and assess the overall strength of market trends. By considering multiple factors simultaneously, including volatility, momentum, volume, and sentiment, traders can make more informed trading decisions. The final performance score and Boss Score 5000 offer valuable insights into the relative performance of assets, helping traders prioritize trading opportunities.

Disclaimer:

While Trend Blaster Elite provides valuable insights into market trends and potential trading opportunities, it is essential to remember that all trading involves risk. Traders should conduct thorough analysis and risk management strategies before making any trading decisions based on the information provided by this indicator. Past performance is not indicative of future results.

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact DCAquant for more information, or follow the author's instructions below.

Please note that this is a private, invite-only script that was not analyzed by script moderators. Its compliance to House Rules is undetermined. TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.

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.

Author's instructions

Please visit dcaquant.com or contact us via info@dcaquant.com or directly on TradingView.

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