Volume-Edge Trend [wjdtks255]

🚀 Volume-Edge Trend [wjdtks255]
1. Overview This indicator is designed to capture high-probability trend reversals by combining Market Structure Breakouts with Volume Confirmation. Instead of chasing every price movement, it analyzes the highest highs and lowest lows over a set period to identify true structural shifts. By filtering these moves with a 20-period volume average, it effectively eliminates weak "fakeouts" and focuses on high-conviction momentum.

2. How to Trade

📈 LONG Entry: * Enter when a green BUY label appears below the candle.

This signal confirms that price has broken above the previous structural high with significant buying volume.

💀 SHORT Entry: * Enter when a red SELL label appears above the candle.

This signal confirms that price has breached the previous structural low, backed by strong selling pressure.

🎯 Exit (TP/SL):

Use the thick, dynamic Trend Line as your trailing stop-loss.

For Longs, exit if the price closes below the green support line.

For Shorts, exit if the price breaks above the red resistance line.

3. Key Features

Structural Breakout Engine: Tracks price action across a customizable "Length" to detect when a market moves out of a consolidation zone.

Volume Surge Filter: Includes a built-in toggle to ensure signals only fire when trading volume exceeds its 20-period average, confirming institutional participation.

Real-time Trend Navigation: Features a dynamic background fill and a reinforced trend line that provides instant visual feedback on the current market bias.

4. Recommended Settings

Length (Analysis Period): 14 (Optimized for standard trend following).

Volume Filter: Keep "On" to maximize signal accuracy.

Timeframe: Highly effective on 15m, 1H, and 4H charts for volatile assets like BTC, ETH, and NASDAQ.