When you bought TrendMaster Pro you've probably seen market scanning bots being mentioned. TrendMaster Pro is one of the indicators that has its own bots. But what are they and how does it work? The first thing you will need to do to make the most of these bots is join our Discord. When you signed up you probably already did that and depending on the package you purchased you will see a variety of bots.
By now you've probably learned about TrendMaster Pro and the conditions this indicator uses. Because it can become quite a time intensive process to manually check each coin on the supported exchanges for trend changes we've decided to automate the process. Our market scanning bots run every 4 hours and 1 day and use the exchange APIs to check whether or not a TrendMaster Pro trend change has formed. If it has, it will report this in the appropriate channel.
All 3 components are represented in these signals:
TrendMaster - Green or red signal.
MokuMaster - Current state matching colors in the indicator.
KishokuMaster - Black or white depending on trend.
Each signal has a link in it that immediately takes you to that specific coin on the exchange. Another link to open the chart on the correct timeframe in TradingView is also included. The signal also shows the changes in trend that occurred, as is also indicated by the arrow icon in front of the signal. This allows for quick scanning of these signals to find interesting market conditions.
A bold signal indicates a signal that is preceded by an invalidated signal. This means that a start of trend (or end when it's a red signal) is likely. A signal that isn't bold can be treated as a trend continuation signal, meaning that the trend has already been going on for a longer period of time. This distinction is also visualised in the indicator by the Signal Style setting.
Additionally each signal reports the Range of the candle. This is the distance from the bottom to the top of the candle (or vice versa for red signals), indicating how impulsive the move that triggered the signal is. Generally the higher this value the lower your risk/reward will be.
We also include Volume as a component in the signal. This show the volume for that specific candle in its quote currency. It contains only AA and AAA signals, according to the definition of TM Pro.
AAA TrendMaster Long signal, MokuMaster = Bullish - Resolutely Bullish, KishokuMaster = Bullish
AA TrendMaster Long signal, MokuMaster = Bullish - Resolutely Bullish OR KishokuMaster = Bullish
A TrendMaster Long signal, MokuMaster Is Neutral - Bearish, KishokuMaster = Bearish
AAA TrendMaster Short signal, MokuMaster = Bearish - Resolutely Bearish, KishokuMaster = Bearish
AA TrendMaster Short signal, MokuMaster Bearish - Resolutely Bearish OR KishokuMaster = Bearish
A TrendMaster Short signal, MokuMaster Is Neutral - Bullish, KishokuMaster is Bullish