Trend Spine Settings
Configuration and Parameters
1. Enable/Disable Trend Spine
Option: Toggle On/Off
Description: Allows you to enable or disable the Trend Spine component on your chart.
Usage Tip: If your trading style doesn’t require additional trend confirmation, you can disable this component to keep your chart uncluttered.
2. Trend Spine Period
Default Value: 60
Minimum Value: 30
Description: This is the primary calculation period for the Trend Spine, controlling how responsive the indicator is to changes in the trend. A shorter period will make the Trend Spine more reactive to recent price changes, while a longer period smooths out noise and focuses on sustained trends.
Usage Tip: Use a shorter period for fast-paced markets or scalping, and a longer period for swing trading or more stable markets.
3. Noise Reduction Factor
Default Value: 0.5
Range: 0.00001 to 2
Description: This parameter controls the level of noise reduction applied to the Trend Spine. A higher value reduces the impact of small price fluctuations, while a lower value makes the indicator more sensitive to minor price movements.
Usage Tip: Increase this value in highly volatile markets to avoid false signals, but keep it moderate to avoid missing legitimate trend changes.
4. Source
Default Value: Close
Options: Close, Open, High, Low, etc.
Description: The data source for calculating the Trend Spine. The choice of data source can affect the sensitivity and type of signals you get. For example, using the close price may give smoother signals, while using high or low prices may react faster to market changes.
Usage Tip: Close price is recommended for most trading strategies as it provides a balanced and reliable signal.
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