BrainTrend2 is an indicator of the market trends that assigns colors to candlesticks according to the trend direction.
While there is a downward trend on the market, all candlesticks are colored in magenta. As soon as the trend is upwards, all succeeding candlesticks will be colored in lime.
BrainTrend2 algorithm is based on the processing of ATR and Stochastic Oscillator indicators' information. In this indicator I extracted all algorithm variables that can be controlled into the indicator's input parameters, so it can be used not only with the default settings now.
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/394
Ergodic DTI-Oscillator (Directional Trend Index) by William Blau.Directional Trend Index Blau_DTI
Directional Trend Index (DTI) Indicator by William Blau.
BrainTrend2Sig is an indicator of the market trends that assigns colors to candlesticks according to the trend direction.BrainTrend2Stop
BrainTrend2Stop is a trend reversal detection indicator, it is displayed by the stops line. Intersection of the line indicates trend reversal and the time to close previously opened positions.