This indicator is meant to detect big trends and the change of big trends. It does so using some fundamental rules of trend detection and determination. This indicator does not use moving averages for trend detection, but rather multiple features and functions to help better determine the trend direction.
The background color will be painted red when the indicator detects a down trend and when an up trend is detected, the background color will be green.
In order to detect bigger trends, raise the value of the ‘Big Trend Meter’ and lower it to detect smaller trends as well.
If you would like to try this indicator out, please contact me directly or comment below this post.
The background color will be painted red when the indicator detects a down trend and when an up trend is detected, the background color will be green.
In order to detect bigger trends, raise the value of the ‘Big Trend Meter’ and lower it to detect smaller trends as well.
If you would like to try this indicator out, please contact me directly or comment below this post.