
Dominate the markets with this electrifying indicator spots trend turnarounds using a dynamic moving average, unleashing bold 'Sabre' formations as support, resistance, or breakout zones. With customizable settings and razor-sharp alerts, it’s your secret weapon for trading triumphs!
Configuration
- MA Type: Pick your moving average from the dropdown (SMA, EMA, SMMA_RMA, HullMA, WMA, VWMA, DEMA, TEMA, NONE to disable). Default is TEMA for snappy signals.
- Length: Set the MA and Sabre length (default: 50, min: 1) to control their scope.
- Previous Trend Duration: Define how many bars (default: 20, min: 1) the MA must trend before a reversal triggers a Sabre.
- ATR Period: Adjust the Average True Range period (default: 14, min: 1) to shape Sabre placement based on market volatility.
- Risk Multiplier: Amplify or shrink the Sabre’s distance from price (default: 1.0, range: 0.1–5.0) for bolder or tighter signals.
- Drawing Alignment: Position Sabres and circles Above, Below, or Centered (default: Centered) to avoid chart clutter.
- Sabre Fill Transparency: Tweak the fill opacity (default: 50, range: 0–100) for a clear view.
- Enable Alerts: Flip the switch (default: false) to get sound alerts.
How to Use
- Spot the Turnarounds:
- Look for Sabres (four trend lines with a filled base) and circles (three layered icons) when the MA shifts after a steady trend.
- Upward Sabres with blue circles signal a bullish surge; downward Sabres with red circles flag a bearish drop.
- Tweak Your Setup:
- Shorten Length (e.g., 20) and Previous Trend Duration (e.g., 10) for fast moves in choppy markets.
- Boost Risk Multiplier (e.g., 2.0) for wider Sabres in trends or dial it down (e.g., 0.5) for precision in ranges.
- Shift Alignment to Above or Below if candles obscure the view.
- Harness Alerts:
- Turn on EnableAlerts for real-time chart notifications.
- Trading Tactics:
- Entry: Jump into a long trade on an upward Sabre/circle or a short on a downward one.
- Exit: Trail the MA trendline as a stop or exit on the opposite Sabre signal.
- Validation: Combine with tools like UT Bot Alert, RSI or Bollinger Bands for rock-solid setups.
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