This indicator will write value degrees of the lastest position of price at the current timeframes, and when position and condition of trend status was changed, the indicator will give an alerts.
The Price Degrees indicator is not a direction indicator for BUY or SELL instruction, but a measure of position, direction and condition of the trend status accordance to the current trading timeframes.
If the theory of degrees is applied to the forex charts trading terminal, then price position can be divided in 4 ranges of degrees:
This indicator will write value degrees of the lastest position of price at the current Timeframes, and when position and condition of trend status was changed, the indicator will give an alerts.
Description of Color indicator:
In order to make it easier to see the trends on the current chart timeframe, I bring the indicator PriceDegrees with the template "pricedegrees_template".
3 EMA Crossover Indicator.Trend Strength Indicator
This indicator based on a 5 period simple moving average detects trends: if there is an uptrend then shows green bars, if there is a downtrend then shows red bars, if there is a weak trend then shows yellow bars.