Dynamic Trailing [Dakon]
Overview:
This indicator is a dynamic trend-following tool designed to detect potential shift points in market trends using an adaptive trailing system based on ATR and smoothed filters.
Key Features:
Adaptive trailing stop that responds to price volatility
Detects potential trend reversals by tracking breakout zones
Includes dual RMA lines for broader trend filtering
Customizable sensitivity and ATR period
Visual coloring to distinguish bullish and bearish momentum
Parameters:
Sensitivity: Controls how reactive the trail is to price changes
ATR Period: Defines the length of the ATR calculation for volatility
MA Lines: Two RMA lines for trend context and filtering
Purpose:
This indicator helps identify potential trend phase shifts. It is not a buy/sell signal by itself, but rather a contextual tool to combine with other indicators for more accurate trade decisions.
