[AlgoFract Quant] True Trend Candles

Highly trend-filtered, noise-reduced candlesticks that preserve what matters — real highs, lows, and closes.
Unlike Heikin-Ashi which modifies ALL OHLC values (making stops and targets unreliable), True Trend Candles smooth only the Open while keeping the actual price extremes intact. You get clean trend visualization WITHOUT sacrificing chart fidelity.
This is a PAID indicator, part of the [AlgoFract Quant] Suite.
🔗 Get Access:
AlgoFract.com
Whop Marketplace
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
🔷 THE PROBLEM WITH TRADITIONAL CANDLES
Standard candlesticks flicker constantly — green candles appear randomly during clear downtrends, red candles interrupt obvious uptrends. This visual noise makes trend identification harder than it needs to be.
Heikin-Ashi solves noise but creates a bigger problem: ALL values are modified. You can't trust the highs and lows for stop placement or targets.
True Trend Candles gives you the best of both worlds and more.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
🔷 HOW IT WORKS
Philosophy: Smooth the Open, Preserve the Reality
- Open — Smoothed (reduces noise, stabilizes candle body)
- High — ACTUAL (unchanged — use for stops/targets)
- Low — ACTUAL (unchanged — use for stops/targets)
- Close — ACTUAL (unchanged — critical for signals)
The Open is the only static value in a candle — it's set at bar start and never changes. By smoothing only this value, we create cleaner trend visualization while keeping price action fidelity at the extremes.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
🔷 TRUE TREND VS HEIKIN-ASHI
- Stop Placement — TTC: Accurate ✓ | HA: Unreliable ✗
- Price Targets — TTC: Accurate ✓ | HA: Unreliable ✗
- Visual Clarity — TTC: High ✓ | HA: High ✓
- Chart Fidelity — TTC: Preserved ✓ | HA: Lost ✗
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
🔷 CANDLE STATES
- 🟢 Green — Bullish trend state (Close > Smoothed Open)
- 🔴 Red — Bearish trend state (Close < Smoothed Open)
Color transitions are smooth and deliberate — no random flickering. When the trend is down, you see consistent red. When it flips, the green is crisp and clear.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
🔷 FLAT-OPEN LEVELS
When a candle opens with no wick on one side, it marks a significant level:
- Green Flat-Open — Open = Low → Strong Buying Pressure (buyers controlled from the start)
- Red Flat-Open — Open = High → Strong Selling Pressure (sellers controlled from the start)
They often signal the start of a new trend.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
🔷 HOW TO USE
- Trade with the color — Green = bullish bias, Red = bearish bias
- Enter on flips — Color change signals potential entry
- Watch flat-open levels — Trend-starting Potential
- Trust the wicks — They show ACTUAL price for stops/targets
- Combine with other tools — Use as a trend filter for other signals
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
🔷 WHY TRUE TREND CANDLES?
- Noise-filtered — Clean, consistent color runs during trends
- Price fidelity — Real highs/lows preserved for accurate stops and targets
- Clear transitions — Reversals are crisp, not gradual
- Simple interpretation — Green = bullish, Red = bearish
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
🔷 BEST FOR
- Traders frustrated by candle noise
- Anyone who needs accurate highs/lows for stop placement
- Trend-following strategies
- Using as a directional filter for other indicators
- Any timeframe — scalping to swing
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Part of the [AlgoFract Quant] Suite — Quantitative tools for data-driven traders.
🔗 algofract.com
Script que requiere invitación
Solo los usuarios autorizados por el autor pueden acceder a este script. Deberá solicitar y obtener permiso para utilizarlo. Por lo general, este se concede tras realizar el pago. Para obtener más información, siga las instrucciones del autor indicadas a continuación o póngase en contacto directamente con AlgoFract.
TradingView NO recomienda pagar por un script ni utilizarlo a menos que confíe plenamente en su autor y comprenda cómo funciona. También puede encontrar alternativas gratuitas y de código abierto en nuestros scripts de la comunidad.
Instrucciones del autor
Exención de responsabilidad
Script que requiere invitación
Solo los usuarios autorizados por el autor pueden acceder a este script. Deberá solicitar y obtener permiso para utilizarlo. Por lo general, este se concede tras realizar el pago. Para obtener más información, siga las instrucciones del autor indicadas a continuación o póngase en contacto directamente con AlgoFract.
TradingView NO recomienda pagar por un script ni utilizarlo a menos que confíe plenamente en su autor y comprenda cómo funciona. También puede encontrar alternativas gratuitas y de código abierto en nuestros scripts de la comunidad.