Gold Trader Pro

Gold Trader Pro is an advanced technical analysis tool designed for traders seeking precision in their decision-making process for trading Indices, Stocks, Forex or Crypto. This powerful multi-functional indicator integrates three core modules to assist traders in identifying market trends, entry/exit points, and swing highs and lows with superior accuracy.

Gold Trader Pro

Gold Trader Pro Indicator enhances the standard Long-Range Trend Line (LRTL) and Smart Money Concept (SMC) setup by adding robust features for identifying Support and Resistance levels, as well as Trend Lines. The indicator offers a comprehensive set of tools for traders, enabling them to recognize market swings, potential reversals, and breakouts, all with customizable alerts. Non Repainting Indicator for Scalping, Day & Swing Trading. Gold Trader works reliably on all time slots: 1M, 5M, 15M, 1H, 4H, 1D.

Key Features:

Linear Regression Channel:

The core functionality of this indicator is to plot a regression channel around the price action. The channel boundaries (upper and lower lines) are determined by calculating the deviation from the regression line, which represents the trend’s central path.

Pearson’s R Correlation:

Pearson’s R is used to evaluate the strength of the correlation between the price and its projected trend. Based on the value of Pearson’s R, the indicator provides feedback on whether the trend is strong or weak, helping traders to assess the reliability of the current trend.

Deviation Multiplier:

The width of the regression channel is adjusted using a deviation multiplier, allowing traders to customize the sensitivity of the channel to price fluctuations. This helps in identifying potential breakout and reversal zones.

Customizable Settings:

Traders can modify the channel’s appearance, including color, line style, transparency, and the extent to which the lines are drawn (e.g., extending them into the future). It also provides options for plotting both short-term and long-term regression channels simultaneously.

Alerts for Price Breakouts:

The indicator monitors price movements and provides alerts when the price crosses above or below the regression channel. It also tracks if the price returns back into the channel, offering key signals for potential entry or exit points.

Pivot Points:

Calculates potential support (low pivots) and resistance (high pivots) points based on a configurable pivot length.

Automatically generates alerts when new pivot points are detected.

Trend Lines:

Automatically identifies uptrend and downtrend lines based on recent pivot points. Configurable settings for the number of points to check and the allowable number of violations before a trend is considered broken. Alerts are triggered when price breaks through an identified trend line.

Support & Resistance:

Detects key support and resistance levels based on price action and pivot points. Allows customization of the maximum number of violations and alerts for price breaks below supports or above resistances.

Visualization:

Clear visual representation of trends, supports, and resistances on the chart with customizable colors, line widths, and labels. Configurable extensions for trend lines, including options to extend them to the left, right, or both sides.

Alerts:

Configurable alert frequency (e.g., once per bar or once per bar close). Alerts for support and resistance breaks, trend line violations, and new pivot points.

Automatic Timeframe Adjustment:

The indicator adapts to different timeframes (1M, 5M, 15M, 1H, 4H), adjusting the lookback period for detecting swings based on the selected timeframe.

Smart Money Concept Swing Detection:

Employs the Smart Money Concept (SMC) to detect significant swing highs and lows.

It uses a custom function (detectSwing) to identify local high and low points in the market, which signal the top and bottom of price swings. Dynamically draws lines on the chart to indicate bullish and bearish swings. Tracks trailing swings and projects future price movement based on historical data, providing potential price targets. Crossovers and crossunders from swing highs and lows trigger buy and sell signals, helping traders to capitalize on key market turning points.

Swing Line Plotting:

Bullish (upward) and bearish (downward) swings are plotted with customizable dashed lines, providing visual cues on the chart.

Trend Direction Indication:

It monitors crossovers between the closing price and detected swings to identify bullish or bearish trend shifts.

Trailing Swing Values:

The indicator tracks the highest and lowest prices of the swing for precise plotting, extending the lines beyond current bars to predict potential future levels.

Benefits:

Automated Analysis:
Automatically detects significant price levels (supports, resistances) and market trends, saving traders time and ensuring consistency.

Timeframe Flexibility:
The indicator’s adaptability to different timeframes allows traders to use it across various strategies, from scalping to swing trading. Whether you’re scalping on the 1-minute chart or trading longer timeframes, Gold Trader Pro adapts to different market conditions seamlessly.

Clear Visuals:
With clear dashed lines for bullish and bearish swings, it offers traders an easy-to-interpret view of market dynamics.

Trend Reversal Alerts:
By detecting crossovers with swing lines, it helps in spotting trend reversals, giving traders an early signal to enter or exit positions.

Real-time Alerts:
Immediate notifications for important price movements, helping traders take timely action.

Customizable Settings:
Flexibility to adjust key parameters like pivot length, points to check, and violation allowances, ensuring the indicator fits different trading styles and markets. Traders can adjust swing colors and other visual aspects, allowing for a more personalized trading experience.

Improved Decision Making:
Clear visual representation of market structure helps traders make more informed trading decisions.

Reduced Noise:
By controlling the number of violations allowed before a trend or support/resistance level is considered broken, the indicator reduces false signals and improves reliability. The algorithm filters out market noise, focusing on high-probability signals that are crucial for informed trading decisions.

User-Friendly Interface:
With clear visual indicators and customizable settings, traders can easily fine-tune the indicator to match their trading strategies and preferences.

Gold Trader Pro is a must-have for traders who want to maximize their returns in the volatile Indices, Stocks, Forex or Crypto. Its multi-faceted approach enables users to stay ahead of the market by providing accurate signals for trend direction, swing points and price movements.

Get Gold Trader Pro Indicator Now

Access for 59$/mo.

Access for 59€/mo.

Trading is inherently risky, and many participants may incur losses. The content on this site is not intended as financial advice and should not be interpreted as such. Decisions regarding buying, selling, holding, or trading in securities, commodities, and other markets involve risks that are best addressed with the guidance of qualified financial professionals. Past performance does not guarantee future results.

Hypothetical or simulated performance results have limitations. Unlike actual trading records, simulated results do not represent real trades. Additionally, since these trades have not been executed, the results may not accurately reflect the impact of market factors such as liquidity. Simulated trading programs are typically designed with the benefit of hindsight and based on historical data. There is no assurance that any account will achieve similar profits or losses as shown in simulated results.

Testimonials on this website may not reflect the experiences of other clients and are not a guarantee of future performance or success.

As a provider of technical analysis tools for charting platforms, we do not have access to our customers’ personal trading accounts or brokerage statements. Therefore, we do not assume that our customers perform better or worse than other traders based on any content or tools we provide.

Charts used on this site are powered by TradingView, on which many of our tools are built. TradingView® is a registered trademark of TradingView, Inc. (www.TradingView.com). TradingView® has no affiliation with the owner, developer, or provider of the Services described on this site.

This summary does not represent our full disclaimer. Please refer to our full disclaimer for complete information.