Aizen 50 SMA Trend Dashboard

Aizen 50 SMA Trend Dashboard V2
1. What this indicator is
Name: Aizen 50 SMA Trend Dashboard V2

This indicator helps you quickly understand three important things:
1. Whether price is above or below the 50 Simple Moving Average (50 SMA).
2. The trend direction across multiple timeframes using the MTF dashboard.
3. Clear Buy/Sell arrows whenever price crosses the 50 SMA.
It is a trend-following tool designed to make trend reading, timing, and bias much easier.
It does not replace your strategy but enhances your decision-making.
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2. What you see on the chart
The indicator includes four main visual components:
1. 50 SMA line
2. Colored candles
3. MTF Trend Dashboard (top right)
4. Buy/Sell arrows
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2.1. 50 SMA Line
• A 50-period SMA is plotted directly on your chart.
• Green SMA: price is above the 50 SMA.
• Red SMA: price is below the 50 SMA.
• You can toggle it on/off using:
Show 50 SMA on Chart
The SMA acts as your primary trend reference.
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2.2. Candle Colors
Candles dynamically change color based on where they close relative to the SMA:
• Bullish color: close > 50 SMA
• Bearish color: close < 50 SMA
• Neutral color: price is sitting on the SMA
This makes trend clarity simple:
• Bullish runs → candles stacked above the SMA
• Bearish runs → candles stacked below the SMA
• Choppy zones → candles flip colors back and forth
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2.3. MTF Trend Dashboard (Top Right)
The dashboard analyzes the trend vs 50 SMA on:
• 15m
• 30m
• 1h
• 4h
• 1D
Each timeframe displays:
• Green (Bullish): price above its timeframe's 50 SMA
• Red (Bearish): price below its timeframe's 50 SMA
• Gray (Neutral): price near its SMA
Toggle it on/off using:
Show MTF Trend Dashboard (Top Right)
How to use it:
• More green → prioritize Buy setups
• More red → prioritize Sell setups
• Mixed → market conditions unclear; trade cautiously
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2.4. Buy/Sell Arrows
Arrows appear when price crosses the 50 SMA on your current timeframe:
• Buy Arrow: price crosses from below to above the SMA
• Sell Arrow: price crosses from above to below the SMA
Settings allow you to control visibility:
• Show Buy/Sell Signals – master switch
• Show Buy Signals Only
• Show Sell Signals Only
You can also activate alerts when signals appear.
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3. How to use this indicator (Step-by-Step)
This workflow keeps trading simple and structured.
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Step 1 – Choose Your Trading Timeframe
Examples:
• Intraday: 5m, 15m, 30m
• Swing: 1h, 4h, 1D
The dashboard always provides context with:
15m, 30m, 1h, 4h, 1D.
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Step 2 – Set Your Bias Using the Dashboard
Before entering any trade:
• 1h & 4h Bullish (green) → focus on Buy setups
• 1h & 4h Bearish (red) → focus on Sell setups
• Mixed → reduced clarity; be patient
Simple rule:
• Buy when higher timeframes (especially 1h & 4h) are Bullish
• Sell when higher timeframes are Bearish
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Step 3 – Check Price vs 50 SMA on Your Entry Timeframe
On your main chart:
• Above green SMA + bullish candles: uptrend → look for Buys
• Below red SMA + bearish candles: downtrend → look for Sells
• Crossing back and forth: ranging → expect fake signals
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Step 4 – Use Arrows as Entry Timing (Not as a Standalone Signal)
Once bias is set:
For Buys
1. Dashboard: higher timeframes mostly Bullish
2. Price pulls back toward/under the 50 SMA
3. Price closes back above the SMA → Buy arrow
4. Entry ideas:
o Stop below recent swing low or below SMA
o Target minimum 1:1 reward
For Sells
1. Dashboard: higher timeframes mostly Bearish
2. Price pulls up toward/above the 50 SMA
3. Price closes back below SMA → Sell arrow
4. Entry ideas:
o Stop above recent swing high or above SMA
o Target minimum 1:1 reward
Important:
Arrows confirm timing; structure and risk/reward matter more.
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Step 5 – Use Buy-Only or Sell-Only Modes
This helps keep your bias clean:
Uptrend
• Show Buy Signals Only = ON
• Show Sell Signals Only = OFF
Downtrend
• Show Buy Signals Only = OFF
• Show Sell Signals Only = ON
This reduces noise and avoids unnecessary counter-trend trades.
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4. Best Type of Setup for This Indicator
The highest-quality setups come from:
Trend + Pullback + SMA Crossover
Example Buy:
• Dashboard: 1h & 4h Bullish
• Entry TF (e.g., 15m):
o Price above a green SMA
o Pullback into SMA area
o Candle closes back above → Buy arrow
• Confirmation:
o Support or higher low
o Logical stop & target
Example Sell:
• Dashboard: 1h & 4h Bearish
• Entry TF:
o Price below a red SMA
o Pullback to SMA area
o Candle closes back below → Sell arrow
These signals have the highest probability.
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5. Fake Signals and Realistic Expectations
You must understand this clearly:
There WILL be fake Buy/Sell arrows.
Why:
• Crossovers happen often in sideways markets
• When price ranges around the SMA, arrows will fire repeatedly
• The indicator cannot block chop or news-driven volatility
Your job is to filter the setup.
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How to Reduce Bad Trades
Before taking a signal, check:
1. Dashboard alignment
• Strong Buy: 1h & 4h clearly Bullish
• Strong Sell: 1h & 4h clearly Bearish
2. Trend vs Range
• Trend = candles stacked on one side of SMA
• Range = candles switching colors → dangerous
3. Structure
• Buy near support
• Sell near resistance
4. Risk/Reward
• Skip if stop is too large or target too small
The indicator shows opportunities, but you decide which ones are worth taking.