A complement feature of the UCTS indicator
The UCTS Trendfinder tool allows the user to see multiple timeframes at the same time on a signle chart of the UCTS indicator Buy & Sell signals.
The indicator is distributed on 6 different lines, each representing a timeframe that can be configured from the settings. (Default being 12H, 8H, 6H, 4H, 2H, 1H (Top to bottom view))
While RED color indicates a period of “Sell Signal” Active and GREEN indicates a period of “Buy Signal” active on that specific timeframe.
How to use it?
Search for stronger trends
Searching for confluence of 1 single color across all timeframes (High and Low) may signalize a strong trend going into that direction that can help you to identify “Stronger” trades on a specific timeframe.
Look at the picture below where a Sell signal appears on the 2H chart (at the same time UCTS Trendfinder signalling a RED color across all timeframes 12H — 1H) leading to a 20% drop in price in a week time period.
Another example for a Buy signal
Identifying change on Trends
The UCTS Trendfinder is also helpful to identify when a trade could be changing its direction, making you aware on when to start locking a position/profit or updating your active SL.
Look at the example on ADABTC 1D chart below:
If after reading this guide you want to try the strategy, reach out to me on twitter or tradingview or my website (Cryptontez.com). I will grant you access for 10 days so you can try it yourself!
I will try to keep this guide updated with every patch or upgrade we deploy to the strategy.