Purpose: The Turbo Trend indicator uses an array of fast and slow Moving Averages to visually display the trend of the market for easy interpretation of trend direction.

How to Apply: Choose “Turbo Trend [Market Spotter]” through the “Invite-only scripts” on TradingView.

Characteristics: This indicator features a wave-like structure comprising numerous moving averages, this indicator visually illustrates the market’s trend direction—green indicating an upward trend and red denoting a downward trend. It comes equipped with signals to pinpoint potential entry and exit points for both market directions. Additionally, users have the flexibility to incorporate a Moving Average for dynamic support/resistance and set up alerts.

Alerts: TradingView alerts are notifications that keep traders informed about specific market conditions or price movements in real-time. Users can set them up based on parameters like price levels or technical indicators. These alerts help traders stay updated and make timely decisions to optimize their trading strategies. You can learn how to set alerts with our indicators by viewing this tutorial.