πNova Trend
π Nova Trend
Nova Trend is a dynamic trend-following cloud that adapts to different market conditions, highlighting potential support and resistance areas. Itβs designed to be adaptable β to breathe with the trend β allowing for more accurate readings while preventing failed signals.
βοΈ Settings
Toggle: Enable/disable Nova Trend
Mode: Fast or Slow β adjusts responsiveness
Colors: Set custom colors when Theme is disabled
π How to Use
Uptrend: When the cloud is bullish (green/blue)
Downtrend: When the cloud is bearish (red/orange)
Support/Resistance: The cloud edge acts as a dynamic support/resistance level
Trend Changes: Cloud color changes signal potential trend shifts
Nova Trend is particularly effective for trend identification and can be used as a standalone trading system by entering when price pulls back to the cloud edge.

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