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Trend Waves

Trend Waves indicator is a trend indicator that uses Average True Range and Standard Deviation indications. It is aimed to find more healthy trends with this indicator. This indicator can be used alone as a trend indicator.


Detailed review

  • 4 different trend colors appear on this indicator. 
  • The aqua color represents the rising trend.
  • Dark aqua color means the train is getting weaker.
  • pink color represents the downtrend trend.
  • The dark pink color  means the trend is weaker.

Parameters

  • Stdeviation - Standard deviation period setting
  • Stdev shift - Standard deviation shift setting
  • Atr - Average True Range period setting
  • AtrFactor - Average True Range calculation setting


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