Uptrick: Alpha Trend

Introduction

Uptrick: Alpha Trend is a comprehensive technical analysis indicator designed to provide traders with detailed insights into market trends, momentum, and risk metrics. It adapts to various trading styles—from quick scalps to longer-term positions—by dynamically adjusting its calculations and visual elements. By combining multiple smoothing techniques, advanced color schemes, and customizable data tables, the indicator offers a holistic view of market behavior.

Originality

The Alpha Trend indicator distinguishes itself by blending established technical concepts with innovative adaptations. It employs three different smoothing techniques tailored to specific trading modes (Scalp, Swing, and Position), and it dynamically adjusts its parameters to match the chosen mode. The indicator also offers a wide range of color palettes and multiple on-screen tables that display key metrics. This unique combination of features, along with its ability to adapt in real time, sets it apart as a versatile tool for both novice and experienced traders.

Features

1. Multi-Mode Trend Line
The indicator automatically selects a smoothing method based on the trading mode:
- Scalp Mode uses the Hull Moving Average (HMA) for rapid responsiveness.



- Swing Mode employs the Exponential Moving Average (EMA) for balanced reactivity.



- Position Mode applies the Weighted Moving Average (WMA) for smoother, long-term trends.



Each method is chosen to best capture the price action dynamics appropriate to the trader’s timeframe.

2. Adaptive Momentum Thresholds
It tracks bullish and bearish momentum with counters that increment as the trend confirms directional movement. When these counters exceed a user-defined threshold, the indicator generates optional buy or sell signals. This approach helps filter out minor fluctuations and highlights significant market moves.



3. Gradient Fills
Two types of fills enhance visual clarity:
- Standard Gradient Fill displays ATR-based zones above and below the trend line, indicating potential bullish and bearish areas.



- Fading Gradient Fill creates a smooth transition between the trend line and the price, visually emphasizing the distance between them.



4. Bar Coloring and Signal Markers
The indicator can color-code bars based on market conditions—bullish, bearish, or neutral—allowing for immediate visual assessment. Additionally, signal markers such as buy and sell arrows are plotted when momentum thresholds are breached.



5. Comprehensive Data Tables
Uptrick: Alpha Trend offers several optional tables for detailed analysis:

- Insider Info: Displays key metrics like the current trend value, bullish/bearish momentum counts, and ATR.



- Indicator Metrics: Lists input settings such as trend length, damping, signal threshold, and net momentum.



- Market Analysis: Summarizes overall trend direction, trend strength, Sortino ratio, return, and volatility.



- Price & Trend Dynamics: Details price deviation from the trend, trend slope, and ATR ratio.



- Momentum & Volatility Insights: Presents RSI, standard deviation (volatility), and net momentum.



- Performance & Acceleration Metrics: Focuses on the Sortino ratio, trend acceleration, return, and trend strength.



Each table can be positioned flexibly on the chart, allowing traders to customize the layout according to their needs.

Why It Combines Specific Smoothing Techniques

Smoothing techniques are essential for filtering out market noise and revealing underlying trends. The indicator combines three smoothing methods for the following reasons:
- The Hull Moving Average (HMA) in Scalp Mode minimizes lag and responds quickly to price changes, which is critical for short-term trading.
- The Exponential Moving Average (EMA) in Swing Mode gives more weight to recent data, striking a balance between speed and smoothness. This makes it suitable for mid-term trend analysis.
- The Weighted Moving Average (WMA) in Position Mode smooths out short-term fluctuations, offering a clear view of longer-term trends and reducing the impact of transient market volatility.
By using these specific methods in their respective trading modes, the indicator ensures that the trend line is appropriately responsive for the intended time frame, enhancing decision-making while maintaining clarity.

Inputs

1. Trend Length (Default: 30)
Defines the lookback period for the smoothing calculation. A shorter trend length results in a more responsive line, while a longer length produces a smoother, less volatile trend.

2. Trend Damping (Default: 0.75)
Controls the degree of smoothing applied to the trend line. Lower values lead to a smoother curve, whereas higher values increase sensitivity to price fluctuations.

3. Signal Strength Threshold (Default: 5)
Specifies the number of consecutive bullish or bearish bars required to trigger a signal. Higher thresholds reduce the frequency of signals, focusing on stronger moves.

4. Enable Bar Coloring (Default: True)
Toggles whether each price bar is colored to indicate bullish, bearish, or neutral conditions.

5. Enable Signals (Default: True)
When enabled, this option plots buy or sell arrows on the chart once the momentum thresholds are met.

6. Enable Standard Gradient Fill (Default: False)
Activates ATR-based gradient fills around the trend line to visualize potential support and resistance zones.

7. Enable Fading Gradient Fill (Default: True)
Draws a gradual color transition between the trend line and the current price, emphasizing their divergence.

8. Trading Mode (Options: Scalp, Swing, Position)
Determines which smoothing method and ATR period to use, adapting the indicator’s behavior to short-term, medium-term, or long-term trading.

9. Table Position Inputs
Allows users to select from nine possible chart positions (top, middle, bottom; left, center, right) for each data table.

10. Show Table Booleans
Separate toggles control the display of each table (Insider Info, Indicator Metrics, Market Analysis, and the three Deep Tables), enabling a customized view of the data.

Color Schemes

(Default) - The colors in the preview image of the indicator.
(Emerald)



(Sapphire)



(Golden Blaze)



(Mystic)



(Monochrome)



(Pastel)



(Vibrant)



(Earth)



(Neon)



Calculations

1. Trend Line Methods
- Scalp Mode: Utilizes the Hull Moving Average (HMA), which computes two weighted moving averages (one at half the length and one at full length), subtracts them, and then applies a final weighted average based on the square root of the length. This method minimizes lag and increases responsiveness.
- Swing Mode: Uses the Exponential Moving Average (EMA), which assigns greater weight to recent prices, thus balancing quick reaction with smoothness.
- Position Mode: Applies the Weighted Moving Average (WMA) to focus on longer-term trends by emphasizing the entire lookback period and reducing the impact of short-term volatility.

2. Momentum Tracking
The indicator maintains separate counters for bullish and bearish momentum. These counters increase as the trend confirms directional movement and reset when the trend reverses. When a counter exceeds the defined signal strength threshold, a corresponding signal (buy or sell) is triggered.

3. Volatility and ATR Zones
The Average True Range (ATR) is calculated using a period that adapts to the selected trading mode (shorter for Scalp, longer for Position). The ATR value is then used to define upper and lower zones around the trend line, highlighting the current level of market volatility.

4. Return and Trend Acceleration
- Return is calculated as the difference between the current and previous closing prices, providing a simple measure of price change.
- Trend Acceleration is derived from the change in the trend line’s movement (its first derivative) compared to the previous bar. This metric indicates whether the trend is gaining or losing momentum.

5. Sortino Ratio and Standard Deviation
- The Sortino Ratio measures risk-adjusted performance by comparing returns to downside volatility (only considering negative price changes).
- Standard Deviation is computed over the lookback period to assess the extent of price fluctuations, offering insights into market stability.

Usage

This indicator is suitable for various time frames and market instruments. Traders can enable or disable specific visual elements such as gradient fills, bar coloring, and signal markers based on their preference. For a minimalist approach, one might choose to display only the primary trend line. For a deeper analysis, enabling multiple tables can provide extensive data on momentum, volatility, trend dynamics, and risk metrics.

Important Note on Risk

Trading involves inherent risk, and no indicator can eliminate the uncertainty of the markets. Past performance is not indicative of future results. It is essential to use proper risk management, test any new tool thoroughly, and consult multiple sources or professional advice before making trading decisions.

Conclusion

Uptrick: Alpha Trend unifies a diverse set of calculations, adaptive smoothing techniques, and customizable visual elements into one powerful tool. By combining the Hull, Exponential, and Weighted Moving Averages, the indicator is able to provide a trend line that is both responsive and smooth, depending on the trading mode. Its advanced color schemes, gradient fills, and detailed data tables deliver a comprehensive analysis of market trends, momentum, and risk. Whether you are a short-term trader or a long-term investor, this indicator aims to clarify price action and assist you in making more informed trading decisions.