The ITrend Oscillator takes the complex, traditional Ichimoku Cloud system and compresses it into a clean, modern momentum oscillator. It shows you the exact directional force of the market while keeping your main chart completely uncluttered.
1. Understanding the Subwindow
1. Understanding the Subwindow
- The Zero Line (Equilibrium): When the force line is above 0, the market is in Bullish (Buy) territory. When it drops below 0, the market is in Bearish (Sell) territory.
- Soft Force Fill (The Cloud): The shaded area expands and contracts to show you how aggressive the current trend is. A thick, dark fill means high volume and strong momentum.
- The Dashboard: Provides an instant snapshot of the market phase. It reads the Ichimoku logic for you, confirming if the short-term trend (Tenkan/Kijun) matches the long-term trend (Cloud Position).
2. The Core Signals
- ▲ BUY / ▼ SELL Signals: These print directly on your main chart when the oscillator force officially crosses the zero line. This indicates a confirmed, structural shift in the market trend.
- ● MOMENTUM Dots: These print in the oscillator subwindow. They act as an Early Warning System. If you are in a massive BUY trend, and the bullish force suddenly drops sharply, a Momentum dot will print. This tells you the rally is losing steam before the trend officially reverses.
3. How to Trade the Setup
- High Probability Entries: Only take ▲ BUY signals when the Dashboard confirms a Bull Bias and Above Kumo. Only take ▼ SELL signals when the Dashboard confirms a Bear Bias and Below Kumo.
- Taking Profits: When you are riding a strong trend and a ● MOMENTUM dot appears, this is your signal to either take partial profits, or tighten your Stop Loss. The market is warning you that exhaustion is setting in.
Attached File(s)
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