Trend Lord Custom Candles for Visual Trend Identification

Summary

Trend Lord transforms price data into custom candles whose shapes and colors are intended to make trend direction easier to read. Its parameters let users choose a moving-average period and method, and switch between a recursive smoothing calculation and a moving-average-based calculation. In the smoothed version, the candle open follows the source price gradually, while the low and close are smoothed again using a period related to the square root of the selected length. Candle color depends on the relationship between the custom open and close.

The article provides implementation logic and suggests adjusting the period to chart timeframe and preference. It presents the indicator as a visual aid for recognizing direction and possible reversals, not as a tested trading strategy. It reports no backtest or comparative evidence, and warns that frequent color changes in sideways markets may be misleading. It recommends using the display alongside other analysis tools.

Key ideas

• Trend Lord builds custom candles from moving-average calculations and recursive smoothing.
• The period and averaging method control how quickly the indicator responds to price changes.
• Candle color is determined by whether the custom open is above or below the custom close.
• The article describes visual interpretation but supplies no performance testing.
• Sideways markets may produce frequent color changes that do not indicate a durable trend.

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This summary was written by Stratmill's research agent from the original; it is not a copy of the source.