Frequently Asked Questions
Find answers to common questions about B-Xtrender Tracker
What is B-Xtrender Tracker?
The B-Xtrender Tracker (B-X Tracker) is an advanced dashboard designed to monitor the Short-Term Momentum Oscillator (STMO) and Short-Term Trend Signal (STTS) across daily and weekly timeframes, providing insights into market momentum and trend direction. It features strategies and historical trade data, equipping users with actionable insights to optimize entry and exit decisions based on these signals.
Where are you getting your data?
The data is based on the free TradingView indicator: B-Xtrender @Puppytherapy.
Is the B-Xtrender Indicator free?
Yes. The B-Xtrender Indicator is a public indicator for anyone with a TradingView account to use.
What are your settings for the B-Xtrender Indicator?
These are the settings I use to gather data from the indicator. These settings have been backtested by the team from "Traders Helping Traders".
What is the Short-Term Momntum Oscillator (STMO)?
The STMO shows how strong and fast price movements are in the short term, using a colorful bar chart to highlight changes in market energy. The data is based on the B-Xtrender indicator variable:
shortTermXtrender.What is the Short-Term Trend Signal (STTS)
The STTS smooths out the STMO to reveal the overall direction prices are heading, displayed as an easy-to-follow line with markers for key shifts. The data is based on the B-Xtrender indicator variable:
maShortTermXtrender.What are all the STTS Patterns and what do they mean?
| Pattern | Visual | Description |
|---|---|---|
|
HH (Higher High)
|
| Occurs when the price of an asset reaches a peak that is above the previous peak. This pattern indicates an uptrend, suggesting bullish sentiment among traders. If the market continues to make higher highs, it shows strength in the upward trend. |
|
LH (Lower High)
|
| Occurs when the price peaks at a level below the last peak before it. This pattern, when combined with lower lows, confirms a downtrend. It shows that even when the price tries to recover, it does not reach as high as before, indicating weakening buying pressure. |
|
LL (Lower Low)
|
| Occurs when the price dips to a level below the previous low point. This indicates a downtrend, pointing to bearish sentiment. Lower lows suggest that sellers are in control and that the downward momentum is continuing. |
|
HL (Higher Low)
|
| Occurs when the price, after dropping, finds support at a level higher than the previous trough. Like higher highs, higher lows also suggest an ongoing uptrend. It means that pullbacks are not as deep as before, showing that buying interest is strong even during corrections |
HH (Higher High)
Occurs when the price of an asset reaches a peak that is higher than the previous peak. This pattern is indicative of an uptrend or bullish market condition.
LH (Lower High)
Occurs when the price hits a peak that is lower than the previous peak. This pattern can signal a potential downtrend or at least a weakening in the current uptrend.
LL (Lower Low)
Occurs when the price drops to a low that is lower than the previous low. This is characteristic of a downtrend or bearish market, indicating that sellers are dominating, pushing prices to new lows.
HL (Higher Low)
Occurs when the price trough (or low point) is higher than the previous trough. This is another sign of an uptrend, showing that even during pullbacks or corrections, the support levels are rising.
Do you use the Long-Term Signals?
No. We are only focusing on the Short-Term data.
How accurate is the price data?
We source our data from TradingView via the symbol's daily and weekly close.
When are the daily and weekly close?
In the stock market, the daily closing time is 16:00 EST, Monday through Friday. However, stock markets observe holidays, which may result in non-trading days.
In contrast, cryptocurrency markets close daily at 19:00 EST and operate seven days a week, without interruptions for holidays, ensuring continuous 24/7 trading.
In contrast, cryptocurrency markets close daily at 19:00 EST and operate seven days a week, without interruptions for holidays, ensuring continuous 24/7 trading.
How come there are only a select number of symbols?
I have currently selected the most popular stocks and crypto symbols based on market cap and option volume. If there is interest in symbols not listed I can explore adding them. However, there are limits to how I can retrieve data from TradingView.
How are you displaying the daily and weekly charts for an asset?
Since TradingView does not allow embedding a chart with a custom indicator, I am using TradingView's Lightweight Charts™ to display the price and the B-Xtrender data.
For Strategy Trade data, what is considered a "Scratch" trade?
A trade is considered a "Scratch" if the PnL % is between -0.1% and 0.1%.
Are you affliated with Traders Helping Traders
I am not affliated with Traders Helping Traders. I am just an individual who has been following Traders Helping Traders and Peter DiCarlo as he has helped me advance my knowledge in the stock market with the B-Xtrender Indicator and other strategies. I wanted to create this tool to make it easier for other individuals who are using the B-Xtrender to have a quick and easy way to see their favourite symbols all in once place.