Trending Market Toolkit [LuxAlgo]

The Trending Market Toolkit focuses exclusively on trending market structures and high-confluence, high-risk-to-reward entry models. It is designed to complement discretionary trading by offering different entry strategies based on market structure.

🔶 USAGE



In the chart above we can see how the tool detects several reversals, draws the broken trendlines, the reversal areas from which the tool starts looking for a trigger, and when it finally happens, a potential trade with risk and reward areas and the risk/reward ratio.

🔹 Detection Mode



Traders can choose between three different modes: trend only, reversal only, or both.

If both are active, reversals have priority over trends, so the tool will not detect a trend if a reversal is active.

In the chart above we can see all three modes.

🔹 Detection on Higher Timeframes



Traders can choose to identify structures on the chart timeframe or on a higher timeframe.

In the chart above, we have the SP500 futures on the 5m timeframe with different settings: chart timeframe, 30m, and 1H.

🔹 Risk And Targets



Depending on whether the high-risk/reward parameter is enabled, traders can choose between three different targets and two different stops.

The chart above shows how different choices affect the risk/reward ratio for the same potential trade on the Gold Futures 2m chart.

🔶 SETTINGS

• Show: Traders can choose between Trends, Reversals or Both.
  

🔹 Structures

• Swing Length: Number of candles to confirm a swing high or swing low. A higher number detects larger swings.
  
• Custom Timeframe: Traders can make use of the current chart timeframe, or choose a custom timeframe.
  
• Reversal Area Threshold: A higher number increases the reversal area.
  

🔹 Trades

• Trade Trigger Length: Number of candles to confirm an internal high or internal low. A lower number detects smaller swings. It must be the same size or smaller than the swing length.
  
• Target: Traders can choose between the default target (0) or two extended targets (0.27 or 0.618).
  
• Risk to Reward Threshold: Set the minimum risk-to-reward ratio to detect trades. Use the 0 value to detect all trades.
  
• High Risk to Reward: Enable/Disable the high risk to reward mode.