The trend direction and force was developed long time ago by Pyotr Wojdyło for metastock trading platform. Since then we have made multiple versions for MetaTrader (both MetaTrader 4 and MetaTrader 5).
This version :
This indicator is using double smoothed EMA (DSEMA) for smoothing result in order to produce less false signals.
You can use the color change as signals for trend change or for breakouts