Polaris Trend

The Polaris Trend indicator is a trend-following tool available on TradingView/Discord, designed to assist traders in identifying potential buy and sell opportunities by analyzing market momentum and trend strength. Key features and functionalities include:

**Short-Term Oscillator**: Measures short-term momentum by calculating the Relative Strength Index (RSI) of the difference between two Exponential Moving Averages (EMAs). This component helps in detecting early signals for trend reversals and momentum shifts.

**Long-Term Oscillator**: Assesses the broader trend strength using the RSI of a single EMA, acting as a filter to ensure that signals align with the overall market trend.

**Smoothed Oscillator (T3)**: Applies a smoothing algorithm to the short-term oscillator to reduce noise, ensuring more reliable and less erratic signals.

**Buy and Sell Signals**: The indicator provides clear entry signals directly on the chart:
**Buy Signal**: Triggered when the short-term oscillator is above zero, the smoothed short-term oscillator is rising, and the long-term oscillator is above zero, indicating upward momentum and trend confirmation.
**Sell Signal**: Activated when the short-term oscillator is below zero, the smoothed short-term oscillator is falling, and the long-term oscillator is below zero, suggesting downward momentum and trend confirmation.

**Customization Options**: Traders can adjust parameters such as the lengths of the EMAs and RSI periods to fine-tune the indicator's sensitivity, tailoring it to specific instruments or timeframes.

**Alerts**: The indicator can generate real-time alerts for both buy and sell signals, enabling timely decision-making.

By combining these elements, the Polaris Trend indicator offers a comprehensive approach to trend analysis, helping traders make informed decisions based on momentum shifts and trend alignments.

Indicator Settings:
Input
Input = 4
Source = Close


Source
Histogram Line = Columns
Line alerts = Bottom