Hambones Trend Reader is an advanced EMA and algorithm-based indicator that combines the power of exponential moving averages with sophisticated analysis of past candle patterns to help you master market trends. Whether you're a scalper looking for quick moves or a long-term trader, this tool has the versatility to meet your needs, adapting seamlessly across different timeframes and market types, including Futures, Stocks, Crypto, and Forex.
Designed for traders seeking quick moves, the scalping setting uses yellow and blue to indicate short and long opportunities, respectively. Yellow signals a short trend, while blue signals a long trend. You can easily toggle the bar color to reflect the scalping trend, allowing for instant clarity during fast-paced trading sessions.
Perfect for intraday moves, the short-term trend reader helps capture trends that may last up to a full day. When the price breaks above, the trend is indicated in green; when it breaks below, the trend turns red. This feature can be set to change the bar color to match the current trend, giving you an easy visual cue to stay aligned with intraday market moves.
Similar to the short-term trend reader but tuned to higher EMAs, the medium-term trend setting is perfect for traders looking to stay in trades a bit longer. It provides more stability, allowing you to capture more extended price movements and potentially maximize gains. This setting also allows toggling the bar color to visually represent the trend.
The Long Term Trend Reader is the crown jewel of this indicator. Based on even higher EMA levels, it provides essential insights into larger market trends. On lower timeframes (e.g., 5m, 6m, 9m, 18m), it acts as dynamic support and resistance, making it easier to predict bounces and rejections. On higher timeframes (e.g., 4hr, 6hr, 8hr, 1d, 1w), it offers highly reactive levels, often acting as crucial support or resistance, helping traders navigate major market movements with greater confidence.
Hambones Trend Reader automatically adjusts to any timeframe you're using, whether you're scalping quick moves or trading long-term trends. The reactive levels adapt accordingly, providing you with relevant insights regardless of the timeframe or asset class—be it Futures, Stocks, Crypto, or Forex.
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Disclaimer: All indicators and tools provided by Oink Opulence Endeavors LLC are for educational and informational purposes only. Trading involves significant risk of loss and is not suitable for all investors. None of the indicators or tools provided constitute financial advice, and no specific results are guaranteed. Oink Opulence Endeavors LLC carries zero responsibility for any losses incurred through the use of any of its indicators, tools, or strategies. Always conduct thorough research and consult a licensed financial professional before making any trading decisions. Use these tools at your own risk.