TradeMaster Premium is the main indicator toolkit provided by TradeMaster, which includes a variety of signal modes, indicator overlays, optimization methods and advanced features to help users make better decisions when trading. Below are pages describing each of the main indicator features in detail:
Main settings #
TradeMaster Pro has several settings that affect the appearance and behaviour of the indicator. Most of these are specific to the function they affect and are described on the relevant pages. The indicator contains various configuration sections. The basic settings are described in the following sections:
Global #
The global settings allow users to display the functions and intervals within the toolbar that best suit the user’s chosen trading style:
- Trading Style (Presets): presets allow users to display multiple functions within the toolbar that best suit the user’s selected trading style at the touch of a button.
- Script Sensitivity: Sensitivity, affects Rainbow Trend, Trend and Momentum calculations. “Patient” is the swing, “Perceptive” is more of a scalp oriented setting, depending on trading style.
- Global Moving Average Type: select the type of moving average the indicator should use for all functions. It will only be switched if the “Override moving average type globally?” option below it is checked.
Which is exactly what it affects:- Summary table data
- Trend Rainbow
- Volume
- Divergences
- Color Theme: Here you can select a predefined chart and indicator theme.
- Start:It allows you to specify the start of calculations, which can be useful for skipping old data or for correcting the script when dealing with a large number of functions.
- WARNING: For the signal, this date must be later in time than the first bar of the chart, otherwise the results may be inaccurate!
- Cleaner Chart: This feature has been built in to reduce chart overload, where only the most recent and available data is shown on your chart, so that you are not overloaded with historical information and your chart is more transparent.
Segments #
In this category you can set which functions of the indicator should be displayed on your chart. Some functions are detailed on their own page. This is an overview summary of the indicator as a whole.
- Summary Table: displays the summary table on the chart ( TF, Trend Sentiment, Momentum, Volume, Volatility, Alt Strength, Candle Colors)
- Structure: Enable Structure calculation (must be enabled for SMC functions)
- Volume Profile: Enables TMPRO Volume Profile Calculation (you can choose the display mode within the range next to it)
- MTF Moving Averages: Displays specific moving average levels on the chart.
- Trend Rainbow: Displays on the chart the trend rainbow simple trend following function.
- Previous Open/High/Low/Close: Displays on the chart the previous open, close, high and low values according to the settings.
- Sessions: Displays the market sessions on the chart.
- Divergences: Displays the divergences on the chart.
- Highlight Candle Colors By: adjusts the candle colors based on the function you select (Structure, Trend Sentiment, Momentum, Volume, Volatility, Divergences). For better visibility, turn off the candle body within the chart settings.
Structure #
In this category you can configure the main features of our SMC. The three columns represent the structure in which the functions should be displayed. Internal (Internal Structure, first tick), Swing Structure (second tick), HTF (Higher Time Frame, third tick). Each function in this category provides three selectable options.
– Intenal: If this option is checked, the function uses intemal data to perform the calculations. If this option is set, it uses detailed, intemal price movements.
– Swing: this option calculates based on the swing peaks and troughs in the market structure. It is useful for traders focusing on major price swings and is useful in identifying major support and resistance levels.
– HTF: HTF stands for -High Tirne-framen. If this option is checked, the function uses data from higher or more time frames for calculations. This is useful for traders who adopt a broader view of the market and want to understand the longer-term trend.
IMPORTANT!!! STRUCTURE CALCULATION MUST BE ENABLED IN THE SEGMENTS SECTION!!!
- Break Levels (CHoCH and BOS): turns on the Smart Money Concepts Structure display.
- LG (Liquidity Grabs): Displays liquidity grabs on the chart. Liquidity Hunts – also known as Stop Hunts – occur when large market participants take prices to a level where they are likely to place large amounts of stop orders to fill their own orders. Identifying these cases can help us understand market manipulation and avoid false breakouts or reversals.
- Follow the trend: LGs are aligned with the direction of the trend (in an uptrend only bullish blocks appear, in a downtrend bearish blocks appear).
- Follow indecision: LGs appear on both sides of the changing market structure. It can provide room for some advanced developed strategies while the market is choppy.
- Range: This feature highlights the range in which an asset has traded over a given period. It helps you understand market volatility and identify potential levels of premium and discount zones.
- Order flow (Fractal): Displays structure on the chart using a line. Provides easier analysis for SMC traders.
- Fibonacci levels: Displays the most important levels of the fibonacci based on the given structure.
- Inducement (Smart Money Trap) (BETA!!): Displays the IDM or SMT levels on the chart.
- Order Blocks: Displays the order blocks on the chart. For Max, you can set the maximum number of orders to display. You can also extend it with the “extended” function. And for “mitigation” you can set the condition at which the OB should be hidden. This way you can keep your chart clean of OBs you are already affected by.
- Fair Value Gaps: Displays FVGs on the chart.
Setting Fibonacci Levels: This feature allows you to set up to four Fibonacci levels. By default, the levels are set at 0.236, 0.382, 0.618, and 0.764. These levels represent key areas of support or resistance where price might react. They are widely used in technical analysis to predict potential price retracements or extensions.
Volume Profile and its Settings: The volume profile is a tool that displays trading activity over a specific time period at specified price levels. It provides a visual representation of the amount of trading activity at each price level, which can help identify key levels of support and resistance.
Settings include:
● Levels: You can choose to display volume profile levels or not.
● Low Volume Zones: You can choose to display low volume zones, which are price levels where relatively little trading volume has occurred. These areas can often act as potential breakout or reversal points.
● Location: This setting allows you to choose whether the volume profile is displayed on the right or left side of the chart.
● Rows: This setting determines the number of rows to be displayed in the volume profile.
● Width%: This setting adjusts the width of the volume profile as a percentage of the chart width.
● Offset (bars): This setting allows you to offset the volume profile by a certain number of bars.
● Delta Node Size: This setting adjusts the size of the delta nodes, which represent the difference between buying and selling volume at each price level.
● Manual Start and End: This setting allows you to manually set the start point for the volume profile. This can be useful if you want to focus on the volume profile for a specific period of time.
MTF Moving Average Lines #
In this category, you can configure the timeframe and type of the multi-timeframe moving averages, as well as the length of the calculation. These settings can then be plotted on the chart, allowing you to visualize past performance or market reactions based on these moving averages. This can be particularly useful for identifying trends and potential reversal points in the market.
Market Sessions #
Market Sessions (Tokyo, London, New York, Sydney)
The default timezone is set to UTC+2, but you have the option to customize it to your own timezone. This feature allows you to highlight the trading hours for different global markets on your chart. By visualizing when different markets are open, you can better understand the potential impact of global trading activity on the market you’re trading. This can be particularly useful for traders who operate in markets that are heavily influenced by international trading sessions.
Divergences #
● Display: Max Divergence Label – This setting allows you to control the maximum number of divergence labels displayed on the chart.
● Min Combo: Minimum Divergence Combo to Plot – This setting determines the minimum number of divergences that must be present for them to be plotted on the chart.
● Divergence Performance Rank or Table: This feature provides a ranking or table of divergences based on their performance. This can be useful for identifying the most significant divergences.
● Regular or Hidden Div: Display – This setting allows you to choose whether to display regular or hidden divergences. Regular divergences often signal potential price reversals, while hidden divergences can indicate trend continuation.
You also have the ability to import up to three of your own indicators to calculate divergences and use them on the chart. This feature allows you to customize your divergence analysis based on your own preferred indicators.
Style #
This category allows you to customize the visual aspects of your chart.
● Colors: You can choose the colors for different elements on your chart, such as lines, indicators, and text. This can help to differentiate between different data sets and make your chart easier to read.
● Sizes: This setting allows you to adjust the size of various elements on your chart, such as the width of lines or the size of text. This can be useful for emphasizing certain data or making your chart more legible.
● Line Types: You can choose from different line types for your chart, such as solid, dashed, or dotted lines. This can be useful for distinguishing between different types of data or indicators on your chart.
